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Question - On June 1, 2014, Simplicity, Inc. sold 35,000 shares of its P20 par value ordinary share capital on a subscription basis at P50 per share. Simplicity received a 60% down payment on the date of subscription. On September 8, 2014, Simplicity received the balance on the subscription and the stock certificates were issued.
Instructions - Prepare journal entries to record the preceding transactions.
Pension accounting has become more closely associated with the method of determining pension benefits.
Make the journal entries to record the above three securities purchases. Make the journal entry for the security sale on May 20. Compute the unrealized gains or losses and prepare the adjusting entry for Arantxa on December 31, 2008.
Beginning Retained Earnings are $31,000; sales are $46,800; expenses are $43,500. How much is the net income or loss for the company
Received an invoice from National Credit Co. for $5,600, representing a service fee paid for processing MasterCard, VISA, and American Express sales.
haskell brothers products inc. manufactures a liquid product in one department. due to the nature of the product and
on august 1 2013 ace corporation accepted a note receivable in place of an outstanding accounts receivable in the
Calculate the weighted average contribution margin per unit, How many units in total must be sold to earn a monthly profit of $100,000
Carry out a two-sample t test to compare the population means. What assumptions are required for this to be a valid test? At the α = 0.05 signi?cance level, what does this result imply about the null hypothesis?
The adjusted trial balance columns of the worksheet for Goode Company are as follows.
the trial balance of bair company includes the following balance sheet accounts. identify the accounts that require
The firm purchased 190,000 yards of material during November at a cost
Both Mr. Jones and Mrs. Green earned $50,000 gross in 2009. Yet, Mr. Jones owed IRS $600 on his tax return while the IRS owed Mrs. Green $600 on her tax return.
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