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Questions -
Q1. On December 15, 2019 Olivia Events Coordination Company 2-bookings of wedding on Dec. 31, 2019 and January 5, 2020 each amounting to 100,000. On December 31, 2019 the ledger has the account title Unearned Revenue. Prepare the ORIGINAL ENTRY and the ADJUSTING ENTRY (with explanation), the company should make on December 31.
Q2. Universal Company signed a P 1,000,000 2-year advertising contract with KAPS Telecommunication Company on June 1, 2015. Its unadjusted trial balance displays an expense account. Prepare the ORIGINAL ENTRY and the ADJUSTING ENTRY (with explanation), the company should make on December 31.
Summarize in no more than 350 words the different items that flowed through comprehensive income for your companies. Also, include what items were common.
weston company uses the fifo method in its process costing system. the first processing department the welding
If the bank has promised Ms. Shoppe a 10% return, how much will they have to pay her each year
the bear rug has sales of 811000. the cost of goods sold is equal to 63 percent of sales. the beginning accounts
The alternate valuation date was not elected. If Hugh sells the Atom Corporation stock for $11,900, what would be his taxable gain on the sale
Determine the contribution margin in dollars, per unit and as a ratio. Using the contribution margin technique, compute the break-even point dollars and in units. Compute the margin of safety in dollars and as a ratio.
On March 4, 2010, the Hein Corporation issues 1,000 shares of $100 par preferred stock for $125 per share. The stock is not callable by the corporation until three years have expired. On April 7, 2013, all the stock is called by the corporation.
The selling price per unit has remained at £1 0, and direct material and direct labour costs per unit at £5. All manufacturing overheads are absorbed.
After all partnership assets have been converted to cash and all liabilities paid, the remaining cash should equal the sum of the balances of the partners
explain the term accounting equation? suppose your company sold 12000 in merchandise to a customer for cash. how does
Prepare the journal entry that is needed to record the purchase of raw materials at standard price, and related variance
What is the standard (expected) cost of making the 500 bumblepuppies? Please calculate and clearly show the material and labor variances
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