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At December 31, 2013, Crawford Company had a balance of $15,000 in Allowance for Doubtful Accounts. During 2014, Crawford wrote off accounts totaling $14,100. One of those accounts ($1,800) was later collected. At December 31, 2014, an aging schedule indicated that the balance in Allowance for Doubtful Accounts should be $19,000. Prepare journal entries to record the 2014 transactions of Crawford Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
The company settled the option on April 20 and purchased 300,000 pounds of soybean oil on May 3 at a spot price of $1.63 per pound. During May, the soybean oil was used to produce food. One-half of the resulting food was sold in June.
Since the VP's trust you, they asked you to figure out the most they should pay for a license from SohnCo and yuli-One Copters is known to be aggressive in ignoring intellectual property claims.
Method of evaluating financial data that change under different courses of action - how would the acceptance of the special order affect net income?
Calculate the companies predetermined overhead application rate and calculate the additions to the work-in-process inventory account for the direct material used, direct labor and manufacturing overhead.
Assuming that the periodic inventory method is used, compute the inventory cost at July 31 under each of the following cost flow assumptions.
Prepare a pension worksheet for the pension plan in 2012 and prepare any journal entries related to the pension plan that would be needed at December 31, 2012.
On June 10, Easy Repair Service extended an offer of $95,000 for land that ha been priced for sale at $118, 500.
Johnstone Manufacturing Company has used the double-declining balance method to depreciate its machinery. During the present year, management switched to the straight-line method because they felt that it better shown the utilization of the assets..
part a of this assignment requires an analysis of certain aspects of brown ltdafter studying brown ltd answer the
The beginning inventory for Packaging consisted of 10,000 units that were 50% complete as to conversion costs and fully complete as to materials. During October, 50,000 units were started into production in the Mixing
question 1when a bill is due to be paid an accounting employee pulls a voucher from the file and prepares a for the
The step-down method, over how many square feet would the Building Maintenance cost be allocated (i.e., spread)?
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