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Question - Journalize the transactions
Data for Swifty Corporation, interior decorating, are presented as follows.
Jan. 2 Stockholders invested $18,949 cash in the business in exchange for common stock.
Jan. 3 Purchased used car for $10,359 cash for use in the business.
Jan. 9 Purchased supplies on account for $632.11 Billed customers $2,274 for services performed.
Jan. 16 Paid $253 cash for advertising.
Jan. 20 Received $985 cash from customers billed on January 11.
Jan. 23 Paid creditor $379 cash on balance owed.
Jan. 28 Declared and paid a $632 cash dividend.
Find accounts that may represent significant risk for this year's audit (2019). For each area, briefly not why you think it represents a risk
On November 4, 2009, Blue Company acquired an asset (27.5 year residential real property) for $200,000 for use in its business. In 2009 and 2010, respectively, Blue took $642 and $5,128 of cost recovery.
How much money should Dustin and Christy put in the fund today? Assume they can earn 8% on their investment.
Find the net income of Tesla. The net income is the total revenue minus the total expenses but Having a very hard time figuring out which accounts
What are intangible assets? Can you provide a few examples? Why are these important, and how are they recorded?
Compute the income tax payable by Param for the year of assessment 2016, clearly indicating the reliefs (if any) to which he is entitled
To what extent was Duke Equipment Co. able to show a more favorable balance sheet at December 31 by holding its cash book open
Part of the audit team ar DDD partners
Prepare the adjusting entry necessary as a result of the physical count.Kennedy Company had the following account balances at year-end
At August 31, Pratt Company has a cash balance per books of $7,750 and Determine the adjusted cash balance per books at August 31
lopez corporation incurred the following costs while manufacturing its product. material used in a product - 120000
on february 1 2008 pat weaver inc. pwi issued 10 2000000 bonds for 2116000. pwi retired all of these bonds on january 1
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