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Problem 1: Jonathan Wen Started a business to offer development of online stores for small business. Record the following transactions in the journal of the business. Included an explanation with each journal entry.
Sept. 1 Wen invested $29,000 cash in a bank account to start his business. The business received the cash and give Wen's owner's equity in the business.Sept. 2 Purchased computer equipment on account ,$9,500.Sept.2 paid cash for September 's office rent of $4,100.Sept 3 Recorded $6,800 revenue for service rendered to clients on account.
What is the balance of the deferred tax liability and deferred tax asset, if any, as at 30 June 2018? Prepare journal entries to record current tax.
Prepare the journal entries to record the transactions based on note no.2. The building was revalued for the first time on 1 July 2015
1. What factors do you think are contributing to the demise of OPEC?
State the eight step procedure. Identify four organisational constraints you should take into account when deciding how to resolve customer complaints.
What theoretical justification is there for Widjaja Companys use of the percentage-of-completion method and how would progress billings be accounted for? Include in your discussion the classification of progress billings in Widjaja Company financia..
What suggestions do you have for to make the best use of this financial information (i.e., three years of audited income statements, balance sheets)
Read the Coca Cola Amitil Annual reports 2004, 2008 and 2012 - Conducted any additional research that you believe would enhance a presentation on analysing your Coca Cola external business environment.
TechCom has net sales of $435,000 and average accounts receivable of $87,000. What is the accounts receivable turnover for the period?
Glarus Co is considering four separate investment, How should investment opportunities be ranked if Glarus Co wishes to maximise the wealth of its shareholders?
Consider a firm that has just paid a dividend of $2. An analyst expects dividends to grow,Calculate the present value today of dividends for years 1 to 5.
Apply IFRS 15 Revenues from contracts with customers, prepare the necessary journal entries required by C Ltd. to record the transactions for the years 20x1
You will pay for TargetCo by issuing new shares. If you pay no premium to buy TargetCo, what will your earnings per share be after the merger?
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