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The following three seperate situations require adjusting journal entries to prepare financial statements as of April 30. for each situation, present both the April 30 adjusting entry and the subsequent entry during May to record the payment of the accured expenses. b. A $760,000 note payable requires $5700 of intrest to be paid at the end of each 30 days. the interest was last paid on April 20 and the next payment is due on May 20. as of April 30, $1900 of intrest expense has accured.
How do the calculation and comparison to previous years of the gross margin percentage and the ratio of accounts receivable to sales are related to the conformation of accounts receivable and other tests of the accuracy of accounts receivable?
one small grill company is a start up firm with the following profile unit selling price 230 variable cost perunit 130
SealCoat Company made $50,000 in 2010 and paid no dividends. Primer Company's separate income in 2010 was $625,000. The controlling interest in consolidated net income for 2010 is:
On August 1, 2009, Columbo Co.'s treasurer signed a notepromising to pay $240,000 on Dec. 31, 2009. The proceeds of thenote were $232,000.
budgets and performance evaluation goal create an excel spreadsheet to prepare a performance report and use the results
Preferred stock is used much less than long-term debt in the capital structure of most industrial and merchandising companies principally because
on january 1 2012 garr company purchased 30000 shares of the 100000 common shares outstanding of agorn company for
ppw co. leased a portion of its store to another company for eight months beginning on october 1 at a monthly rate of
From an employer's point of view, what is preferred a defined contribution plan or a defined benefit plan. What are the cash ramifications as well as reporting requirements?
List and describe four actions a firm can take to accelerate the collection of cash from sales. For each action listed, describe the potential costs involved with the action.
the 2011 balance sheet of annas tennis shop inc showed 490000 in common stock account and 3.4 million in the additional
dividends per sharemichelangelo inc. a software development firm has stock outstanding as follows 30000 shares of
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