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Question - On 2010 April 15, Rialto Theater sold $90,000 in tickets for the summer musicals to be performed (one per month) during June, July, and August. On 2010 July 15, Rialto Theater discovered that the group that was to perform the July and August musicals could not do so. It was too late to find another group qualified to perform the musicals. A decision was made to refund the remaining unearned ticket revenue to its ticket holders, and this was done on July 20. Show the appropriate journal entries to be made on April 15, June 30, and July 20. Rialto has a June 30th yearend.
on december 1 loprice electronics has three dvd players left in stock. all are identical all are priced to sell at 85.
The balance sheet at December for Zumba Company In thousands of dollars, unless otherwise specified
the lux company experiences the following unrelated events and transactions during year 1. the companys existing
What percentage interest in the pool is held by the town and the school district? Show the entry in the Investment Trust Fund to record the School District's investment in the pool.
Roadrunner Corporation never used the land for business purposes during the time it owned the property. What amount of loss may Roadrunner recognize
Bank customer Jake Arnott withdrew $8,800 from his deposit account. What would be the Journal entry for this transaction
Stacey and Andrew each own one-half of the stock in Parakket Corporation, a calendar year taxpayer. Cash distributions from Parakeet are : $350,000 to Stacey on April 1 and $150,000 to Andrew on May 1. If Parakeet;s current E&P is $60,000, how muc..
Memtech Company is the exclusive distributor of a high-speed computer memory chip. The product sells for $50 per unit and has a CM ratio of 30%. The company's fixed expenses are $240,000 per year.
Create T-accounts for each of the accounts on the balance sheet and enter the balances at the end of 2005 asbeginning balances on January 1, 2006.
A machine was sold for $38,000 on July 1, 2018. Calculate the gain or loss on the disposal of each asset. Place your answer in the appropriate column
If you took a loan of $100,000. You want to pay it back in 5 years. Find the monthly contribution to your saving account
During the current year, he sold the shares he bought for P100,000 for P180,000 directly to a buyer. How much is the capital gains tax on the sale if any
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