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On May 1, a company established a $125 petty cash fund. On May 22, the petty cash fund contains $6 in cash and the following paid petty cash receipts: transportation-in on merchandise inventory $25; postage, $21; and office supplies, $66.
Problem 1: Record the general journal entry to reimburse the fund.
Compute the ratios for both 20x5 and 20x4. Debt to Equity Ratio = Average Total Liabilities/Average Stockholders' Equity. Current ratio = Current Assets/Current
XYZ and co. dividends, If the required return is 10 percent and company just paid 2$ dividend, what is the current fair share price?
Comment briefly on statement whether you agree or disagree - undertakes a campaign to provide information to customers about the processes
Culver Co. purchased for $2,244,000 property, What amount should Culver report the land and the building at the end of the year?
Discuss some of the advantages and disadvantages to corporate business organization. How could these risks be addressed by becoming incorporated?
Purchases $450,000; Purchase Returns and Allowances $11,000; Purchase Discounts $8,000; and Freight-in $16,000. Determine net purchases and cost of goods purchased.
Journalize any adjusting entries in the General Journal and post to the General Ledger. Show your calculations for the adjustments in the Adjustments tab.
During May, Rabiya drew P6,000 against his capital account. What was the income for the two months ended May 31, 2014 under the following method of accounting
Nova Corporation hired a new product manager and agreed to provide her a $23,000 relocation loan on a six-month, 8 percent note. The new employee pays Nova the interest owed on the maturity date. Prepare journal entries to record the above transactio..
What is the total cost of land if the purchase price was 150,000, the cost to demolish an old building is $50,000, the architect fees for a new building
What is the return of the portfolio? Company A - 200 shares, current price is $600, return of 20%. Company B - 500 shares, current price is $750, return of 10%.
Allison borrowed $14,000 at an interest rate of 0.70% p.m. for 3 months. Calculate the maturity value of the loan at the end of the period
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