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Mentle Publications publishes a gold magazine for women. The magazine sells for $4.00 a copy on the newsstand. Yearly subscriptions to the magazine cost $36 per year (12 issues). During December 2009, Expert Publications sells 4,000 copies of the golf magazine at newsstands and receives payment for 5,000 subscriptions for 2010. Financial statments are prepared monthly.
1. Prepare the December 2009 journal entries to record the newsstand sales and subscriptions received. (assume that the debit is to cash)
2. Prepare the necessary adjusting entry on January 31, 2010. The January 2010 issue has been mailed to subscribers.
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Total dollar of each of the elements of the accounting equation
Yokum Company had the following transactions for 20X1: Collections on accounts receivable $236,250 Payments on inventory ($168,750) Payments for wages and salaries ($78,750) Payments of dividends ($11,250)Depreciation expense ($22,500) Income taxes p..
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match each situation with fraud triangle factor opportunity rationalization or financial pressure that best explain
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