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Jenny Kanne and Cindy Travis borrowed $21,840 on a 7-month, 5% note from Golden State Bank to open their business, KT’s Coffee House. The money was borrowed on June 1, 2014, and the note matures January 1, 2015.
Prepare the entry to record the receipt of the funds from the loan.
Prepare the entry to accrue the interest on June 30.
Assuming adjusting entries are made at the end of each month, determine the balance in the interest payable account at December 31, 2014.
Prepare the entry required on January 1, 2015, when the loan is paid back.
question1 the project is based upon you finishing the bellwether garden supply bgs. this project will need to you to
On June 1 John Stevens opened a real estate office in Hamilton called Stevens Realty. The following transactions were completed for the month of June.
Prepare the service revenue budget for 2014 by listing the departments and showing for each quarter and the year in total, billable hours, billable rate, and total revenue.
Calculate the cost of goods sold for jewelry and watches for September and October - calculate a purchases budget, in dollars, for each product for the month of September.
October 2014, the company accumulated the following data in its process costing system: Manufacturing overhead is applied at the rate of $6 per equivalent unit (ton) processed. prepare a cost of production report for October
Now, conduct research (hint: use a tax service and the term “motorsports entertainment complex”), to determine the recovery period for the various assets if the entire project was completed in July 2007 and the first race was held on October 10, 2..
angelo diaz has decided to go into business selling colourful scarves which are popular among university students. he
Prepare a statement of cash flows for year ended December 31, 2014. Use the indirect method for cash flows from operating activities and how can users of financial statements utilize statement of cash flows in making informed decisions?
preparation of journal entries for payroll accounting.gross pay for the employees of mr. scott corporation for february
If the demand of unskilled labor were inelastic, would the proposed increase in the minimum wage raise or lower total wage payments to unskilled workers? Would your answer changeif the demand for unskilled labor were elastic?
Prepare a consolidated Balance sheet and journal entries from the data
Evaluate the consolidated balance for the Equipment account
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