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Presented below is information related toHanshew Real Estate Agency.
Oct. 1 Pete Hanshew begins business as a realestate agent with a cash investment of $ 15,000. 2 Hires an administrative assistant. 3 Purchases office furniture for $1,900, on account. 6 Sells a house and lot for B. Kidman; bills B. Kidman $3,200 forrealty services provided. 27 Pays $700 onthe balance related to the transaction of October 3 30 Pays theadministrative assistant $2,500 in salary for October. Instructions:
Prepare the debit-credit analysis for each transaction.
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By reducing labor and other operating costs, the machine would provide annual cost savings of $59,000. The company requires a minimum pretax return of 12% on all investment projects. The net present value of the proposed project is closest to:
How does a customer benefit by our spending $50,000 on a supposedly better accounting system?" How should the controller respond?
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Paris had no liabilities. The fair values of Paris" assets were $2,500,000. Paris"s only non-current assets were land and equipment with fair values of $160,000 and $640,000, respectively. At what value will the equipment be recorded by Raphael?
The journal entry to record accrued interest on a short-term note payable must include an increase to:
on the navigation bar make the following selections to record a payment on account a. on the customers amp sales
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