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Journal entries. Record each of the following transactions in general journal format.
a) Issued 50,000 shares of $1 par capital stock for $35 dollarsb) Billed customers for services provided, $10,000c) Purchased supplies on account, $3,000d) Paid monthly utility bill, $1,500e) Verified 20 percent increase in market price of stockf) Paid wages for the current month, $6,000g) Purchased equipment with a list price of $50,000 by making a 20 percent down payment and financing the remainder with a six-month,12 percent note payable.h) Collected cash from customers, $5,000i) Paid vendors, $1,400j) Recorded one month's accrued interest on note payable
Consider the following scenario: John buys a house for $135,000 and takes out a five year adjustable rate mortgage with a beginning rate of 5%.
compute the net benefits using a discount rate of 6 percent ,repeat using a discount rate of 12 percent, what can you conclude from this exercise?
A private company that designs, manufactures and distributes certain consumer products. In this fiscal year, Detox had revenues of $325M and earnings of $15M. Detox company has filed a registration statement with the SEC for its IPO.
the 2011 balance sheet of the captain jet inc. is attached. during 2012 the subsequent events occurred.1. on january 10
create a SOW that will lie at the heart of the RFP and that addresses the following facts:- The current facilities contain 15 desks (with associated chairs) that need to be moved to the new site.
You are reviewing your targets for short-term cash reserves next year. You wish to carry at least twenty five days cash on hand. If annual budgeted cash expenses are $62,000,000, what amount of short-term cash reserves should be targeted?
In its December 31, 2010 balance sheet, what amount should Fort report as bonds payable?
Total production of 1,000 units of finished goods required 3,000 actual parts at $2.25 per part. The standard is 2.9 parts per unit of finished goods, at a standard price of $2.30 per part. Which of the following statements is true?
Discuss the classification of current assets and current liabilities in the context of preparing the balance sheet and how the same asset or liability may be classified differently by different companies (provide an example to illustrate).
Discuss whether Fred is a resident of Australia for taxation purposes.- Explanations of the respective outcomes reached by the courts in the following cases which all involving sales of land.
What information is needed for the memo? Where can you get this information? What performance measure would you suggest for each activity? Is the accounting information sufficient for your memo?
Brenda Baker is a 52 year old professor in the School of Communications at Temple University in Philadelphia, Pennsylvania. Her husband recently passed away on August 5, 2011 and she has not remarried. She has recently been seen keeping company with ..
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