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Ecco Company sold $123,000 of kitchen appliances during September under a six-month warranty. The cost to repair defects under the warranty is estimated at 8% of the sales price. On October 15 a customer required a $240 part replacement, plus $88 labor under the warranty.
a. Provide the journal entry for the estimated expense on September 30.
b. Provide the journal entry for the October 15 warranty work. If an amount box does not require an entry, leave it blank or enter "0".
if company has distributable profit of rs. 400000 profitsharing share ratio of mr. a mr. b and mr. c is
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On January 1, 2011, the asset was sold for $180,000. Calculate the gain or loss on the sale of the asset in 2011
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petes pet products is a sole proprietorship owned by pete thompson. the store provides a full-line of pet products
P16-7 Performance-Based Compensatory Share Option Plan Connors Company has 70 executives to whom it grants com- pensatory share options on January 1, 2007.
The Sherman Company has a cash balance on January 1 of $123,219. Given the following data, compute Sherman's budgeted cash balance on March 31
Preparing a debt amortization schedule for a bond issued at discount. Details: Assume that the bond matures in 12 years with market interest rate at time of issue-10% annually and 5% semiannually. The stated interest rate is 8%. The interest ..
M-Mobile Company manufactures and sells two products, black phones and white phones, in the ratio of 5:3. Fixed costs are $85,000, and the contribution margin.
If two years' preferred dividends are in arrears, what is the book value per share of common stock
What are the two components of an agency's net position? Describe the major causes of the yearto-year changes in each component.
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