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On January 2, 2017, Metlock Inc. sells goods to Geo Company in exchange for a zero-interest-bearing note with face value of $9,900, with payment due in 12 months. The fair value of the goods at the date of sale is $8,600 (cost $5,160).
Prepare the journal entry to record this transaction on January 2, 2017.(Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.)
an accountant made the following adjustments at december 31 the end of the accounting perioda. prepaid insurance
Franceour Mining Co. purchased for $7,125,000 a mine that is estimated to have 37,500,000 tons of ore and Calculate depletion cost per unit
ashton martin is a student who plans to attend approximately four professional events a year at her college. each event
in january 2013 mitzu co. pays 2600000 for a tract of land with two buildings on it. it plans to demolish building 1
benton company bc has one owner who is in the 35 federal income tax bracket. bcs gross income is 295000 and its
Which of the following debt service funds would normaly have the largest balance in its fund balance account? Serial bond debt service, Deferred serial bond debt service fund, irregular serial bond debt service fund, term bond debt service fund.
the following information pertains to auburn company. assume that all balance sheet amounts represent both average and
Calculate the ratio of each budgeted costs-of-quality category (prevention, appraisal, internal failure, and external failure) to budgeted revenues for 2017.
On May 9, 2015, Glenna purchases 500 shares of Ignaz Company stock for $7,500. On June 30, 2015, she writes a call option on the stock, giving the grantee the right to buy the stock for $9,000 during the following 12-month period. Glenna receives ..
permabilt corp. was incorporated on january 1 2010 and issued the following stock for cash 3600000 shares of no-par
Gilbert expects to receive 70% of his revenues in cash during the month of sale and 30% in the following month. Gilbert receives his dolls on consignment, with the purchase price being due at the time of the sale. Thus, Gilbert's cash outflow for ..
Design tests of controls, substantive tests of transactions, and analytical procedures for the following Apollo Shoes cycles:
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