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On January 10, 2010, Gonzalez Co. sold merchandise on account to Ernst for $6,000, terms n/30. On February 9 Ernst gave Gonzalez Co. a 7% promissory note in settlement of this account. Prepare the journal entry to record the sale and the settlement of the accounts receivable.
question transfer pricing ethics goal congruence. jeremiah industries manufactures high-grade aluminum luggage made
calculation of physical units and equivalent units for materials and conversion costs given work-in-process data at
There was no amortization of bond premium or discount during the year. Illustrate what amlount should Kim report in its 2011 statement of cash flows for redemption of bonds payable?
Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler and discuss the standards that are inherent in Global Reporting Initiative (GRI).
Horizon Telecom sold $300,000 wor th of 120-day commercial paper for $298,000. What is dollar amount of interest paid on the commercial paper? What is the effective 120-day rate on the paper?
Purpose the adjusting entry to recognise bad debt expens - Assume the same facts as above except that the Allowance for Doubtful Accounts account had a $500 debit balance before the current year's provision for uncollectible accounts.
james, age 17, is claimed by her parents as a dependant, during 2011, she had interest income from a bank savings account of $2,000 and income from a part-time job of $4,200. how much will be James' taxable incom?
During 2013, the first year of operations, oak inc. pays salaries of $295,000 at the end of the year employees have earned salaries of $20,000 which are not paid by oak until early in 2014. what is the amount of the deduction for salary expense
question 1 on september 1 roshek office supply had an inventory of 31 calculators at a cost of 17 each. the company
Calculate the labor rate variance, the labor efficiency variance, and the total direct labor cost variance for October and for November. Interpret the October direct labor variances.
Calculate the profit and loss position for each of the patient service departments and the hospital as a whole and what is Painless revenue variance? Is the total revenue variance favourable or unfavourable? Why?
Jell and Dell were partners with capital balances of $600 and $800 and an income sharing ratio of 2:3. They admitted Zell to a 30% interest in the partnership, and the total amount of goodwill credited to the original partners was $700. Illustrate..
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