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Since the company is not large enough to occupy the entire building it owns, it rented space to a tenant at $2400.00 per month, starting on october 1, 2008. The rent was paid on time on October 1, and November 1, and the amount received was credited to the Rent Earned account. However the tenant has not paid the December rent. The company has worked out an agreement with thte tenant to pay both the December and January rent in full on January 15. The tenant has agreed to not fall behind again.
Adjustment
Dec 31 Rent Receivable?rent earned?
anderson hardware company manufactures and sells lawnmower blades. one such product the precision blade requires 2
harper company commonly issues long-term notes payable to its various lenders. harper has had a pretty good credit
under what circumstances must a company estimate its inventory? what are the differences between using the gross profit
The selling and administrative expense budget of Fenley Corporation is based on the number of units sold, which are budgeted to be 2,500 units in January. Prepare the selling and administrative expense budget for January.
tom and sandy were divorced on july 7 2011. under the divorce degree sandy received full custody of their three
(a) Prepare the journal entry to record Southern's tax expense for 2010. (b) Calculate Southern's net after tax income for 2010.
Compute the total equivalent units of direct materials and conversion costs for October - The Mixing Department of Foods for You had 65,000 units to account for in October. Of the 65,000 units
jan fama associate credit analyst for the merchants national bank of midland mi was assigned the task of analyzing
Provide justification as to how far is this statement correct. Also state the needs for regulation in accounting and why free market for accounting information is not good.
during its first month of operation the parkview landscaping corporation which specializes in residential
Prepare a comparative income statement for fiscal years 2003 and 2004 in vertical form, starting each item as a percent of revenues. Round to one decimal place.
on january 1 2013 calloway company leased a machine to zone corporation. the lease qualifies as a direct financing
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