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Question - On December 31, Bryniuk's Company, the accounting records showed the following information:
Cash 49,500
Accounts Receivable 125,000
Supplies 1,500
Prepaid Insurance 12,000
Equipment 70,000
Building 420,000
Land 111,500
Accounts Payable 80,000
Notes Payable 170,000
Common Stock 410,000
Retained Earnings 65,000
Dividends 20,000
Service Revenue 174,000
Interest Revenue 1,000
Salaries Expense 52,000
Advertising Expense 17,000
Insurance Expense 5,000
Utilities Expense 13,750
Interest Expense 2,750
Required - Prepare the Income Statement for year ended December 31.
On Jan 1 2003, Apple issued $5 million face amount of 6% bonds. Bonds are dated Jan 1 - Prepare a 5 yr amortization table for the bonds
Refer back to all of the assignments you have completed related to Reliable Pharmaceutical Supply. Read the following specifications and answer the questions in an eight to ten (8-10) page paper.
Manufacturing overhead applied, $60,000; units produced, 5,000 units; units sold, 4,000 units. The cost of the finished goods on hand from this job is
Identify potential risks to financial statements overall, if this risk increases or decreases you IR risk assessment and identify overall financial statements
Determine the deadline for Pewter Sdn End to remit the sales tax to the Customs Department in order to avoid being penalized for late payment
Is it a requirement for a small business to have a CPA?
Havier's Treasures had cost of goods sold of $600,000, ending inventory of $250,000, and average inventory of $200,000. Compute the inventory turnover rate
When incorporated Y Ltd. issued 1,000 common shares to A for $1,000. What is the total paid-up capital (PUC) of the common shares owned by A
Assuming the exchange has commercial substance, journalize the entries to record (a) the current depreciation of the old truck to the date of trade-in
Foster reacquired the bonds for retirement when they were selling at 102 on the open market. How much gain or loss should Foster recognize on the retirement
In 2012 Green Enterprises issued, at par, 40, $2,500, 12% bonds, each convertible into 100 shares of common stock. Compute diluted earnings per share
Determine operating income for 20X7, assuming the firm uses the variable-costing approach to product costing. (Do not prepare a statement.)
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