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Journal entry to record petty cash fund
1. Prepare the journal entry to establish the petty cash fund. At the end of April, the fund had $28 in it. The petty cash custodian presented receipts for a.Postage, $235 b.Shipping, (Freight-out), $133 c.Meals for after-hour meetings (Miscellaneous Expense), $316 d.Coffee Service (Office Expense), $78
2.The custodian requested reimbursement of $772. Prepare the journal entry to replenish the fund.
Credit Card Company had the following inventory data for the current month and evaluate cost of goods sold and ending inventory for each of the following methods.
For each of the following $1000-par-value bond, assuming annual interest payment and a 40% tax rate, determine the after-tax cost to maturity using the approximation formula.
Determine the variances, Materials price and Materials quantity and Net materials variance
ABC INC purchased new machinery in order to improve its production process - Give the value of the new machinery, and list the financial statement in which it will be shown at fiscal year
Show Which alternative would most likely enhance this company's financial performance, overall
Make of schedule of cost of goods manufactured and cost of goods sold and purpose a schedule of cost of goods manufactured for 2007
Make all of the journal entries essential in 2013 in connection with these 300 new memberships. Consider that all costs were incurred in cash.
Block Company issued a 20,000 10 year bond on 7/1/2008 when the market rate was 6.5%. Assume that the accounting year of Block Company ends on December. Journalize the following transactions.
should be recorded by the coy for its fiscal year ended Dec31, 2008, under each of the three methods? Note the machine will have been used for one-half of its first year of life.
Evaluate each of the following ratios using the "unadjusted" data as provided in column "F". For additional practice, recompute the ratios using the data you generate for the other columns.
How should profit or loss on early extinguishment of debt be evaluated? Does the early extinguishment of the 7 percent bonds result in a gain or loss? Describe.
Evaluate the likely return on an investment in this stock if the market falls 5%
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