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Adjusting Entries: The ledger of Duggan Rental Agency on March 31 of the current year includes the following selected accounts before adjusting entries have been prepared.An analysis of the accounts shows the following.
1. The equipment depreciates $250 per month.2. One-third of the unearned rent was earned during the quarter.3. Interest of $500 is accrued on the notes payable.4. Supplies on hand total $850.5. Insurance expires at the rate of $300 per month.
Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly. Additional accounts are: Depreciation Expense; Insurance Expense; Interest Payable; and Supplies Expense.
on january 1 2015 weaver corporation purchased a patent for 237000. the remaining legal life is 20 years but the
selected information about income statement accounts for the reed company is presented below the companys fiscal year
the following totals for the month of april were taken from the payroll register of kirk company. salaries and wages
Calculate basic EPS. Ringmeup, Inc., had net income of $111,250 for the year ended December 31, 2013. At the beginning of the year, 40,000 shares of common stock were outstanding.
1 fixed cost are 800000 and the verable cost are 75 of unit selling price what is the break even point.2 minium
one of your clients has asked your advice on the best way to accept payment on a sale. the client has been offered
xx company makes consumer electronics. last year xx sold 25000 units at 25 each. total costs equaled 525000 of which
On April 1, 2011, BigBen Company acquired 30% of the shares of LittleTick, Inc. BigBen paid $100,000 for the investment, which is $40,000 more than 30% of the book value of LittleTick's identifiable net assets.
, analyze the effects of the SEC's data breach disclosure requirement on financial reporting, based on the current language of the requirement. Recommend a change to the disclosure requirements to strengthen public company disclosures of cyberattacks..
Purchases made on Sonic Sales Company credit cards submit payments
The stockholders' equity section of Benton Corporation's balance sheet as of December 31, 2014 is as follows:
corn crunchers has three product lines. its only unprofitable line is corn nuts the results of which appear below for
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