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Using the following information, prepare a trial balance for the Bilello Electric Repair Company as of June 30, 2013, grouping together the asset, liability, equity, revenue, and expense accounts.Accumulated depreciation truck and tools...... $ 4,800Accounts receivable ............... 1,200Truck and tools ................. 24,000Cash ..................... 4,000Utilities expense ................ 1,000Depreciation expense truck and tools....... 2,400Electrical supplies inventory ............ 3,000Joe Bilello, Withdrawals .............. 55,000Joe Bilello, Capital ................ 6,300Electrical supplies expense ............ 4,000Service revenue ................. 68,000Rent expense .................. 3,000Notes payable.................. 20,000Truck expense.................. 1,500
calculate trade discount for 20 boxes of computer paper in the unit price is 12.88 and a single trade discount rate of
Powerglide Company, organized in 2011, has set up a single account for all intangible assets. The following summary discloses the debit entries that have been recorded during 2012.
Swagelok Enterprises is manufacturer of miniature fittings and valves. Over a 5-year period, the costs associated with one product line were given below:
roland carlson is the president founder and majority owner of thebeau medical corporation an emerging medical
On February 1, 2010, Pat Weaver Inc. (PWI) issued 9%, $1,400,000 bonds for $1,700,000. PWI retired all of these bonds on January 1, 2011, at 102. Unamortized bond premium on that date was $142,800. How much gain or loss should be recognized on thi..
the following information regardingthe total overhead of a company for a 4 month period machine hrs
the comparative balance sheets for hinckley corporation show the following information december 31 2012 2011 cash
financial statements of abc corp indicates that ending inventory levels in 20x3 and 20x4 were 200000 and 350000
Big Corporation distributed land to its sole shareholder, Little Corporation, in a liquidating distribution. At the time of the distribution, the land had a fair market value of $240,000 and Big Corporation's adjusted basis in the land was $200,00..
1.custom shoes co. has gathered the following information concerning one model of shoes variable manufacturing costs
The ending inventory balance of $412,000 included $43,000 ofconsigned inventory for which Gotham was the consignee. Based on this information, the correct balance for ending inventory on December 31 is:
Furthermore, a small handful of your client's customers are experiencing financial difficulties because of slowing demand for your client's products.
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