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1. Adjusting Entry for Sales Tax during the month of June, Danielle's Boutique had cash sales of $265,000 and credit sales of $153,700, both of which include the 6% sales tax that must be remitted to the state by July 15. Prepare the adjusting entry that should be recorded to fairly present the June 30 financial statements.
on november 10 the board of directors at hilton corporation declared an annual cash dividend of 3 per share on 1000
describes the audit risk model and its various components. please select a financial statement account in your industry
In April, a month of low activity, 2,000 machine hours were run and power costs amounted to $6,000. Using the high-low method, the estimated fixed cost element of power costs is
the adjusted trial balance data from the cameron white company spreadsheet for the year end december 31. the balance of
disk city inc. is a retailer for digital video disks. the projected net income for the current year is 2300000 based on
windhoek mines ltd. of namibia is contemplating the purchase of equipment to exploit a mineral deposit on land to which
dugan company applies manufacturing overhead to jobs on the basis of machine hours used. overhead costs are expected
On December 31, 2013, Green Company had the following normal account balances in its general ledger. Use this information to prepare a trial balance.
Did the Motor Pool Fund illustrated in this chapter operate at a break even level during 2013? Explain.
You can tax shelter only one-half of your retirement savings. You want to invest one-half of your savings in bonds and one-half in stocks. How much of the bonds and how much of the stocks should you allocate to the tax sheltered investment?
What additional information would be needed to determine the actual cause of this problem? What controls could be implemented to avoid repeated instances of this problem?
department a had 4000 units in work in process that were 75 complted as to labor and overhead at the beginning of the
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