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1. Journalize the entries to record the following selected transactions:
a. Sold $3,400 of merchandise on account, subject to a sales tax of 5%. The cost of the merchandise sold was $2,000.
b. Paid $41,950 to the state sales tax department for taxes collected.
Carson Inc., a retail establishment, expects sales of $500,000 of a particular item in March. Its gross profit percentage is 60 percent.
DFW area who then makes the individual deliveries to A, B, C and D. Let us say that the 3rd party requires an annual service fee of F dollars to provide this service (i.e. each of A, B, C and D spends F/4 dollars on this service annually). How lar..
mccarty pointers inc. expects to begin operations on january 1 2012 it will operate as a specialty sales company that
caroline borrowed 8000 through the federal governments stafford loan program while she was studying accounting. the apr
On January 1, 2010 (the date of grant), Lutz Corporation issues 2,150 shares of restricted stock to its executives. The fair value of these shares is $89,100, and their par value is $11,880.
The undamaged chairs are sold to a retail chain for $70 each. Labor costs were $720, material costs were $460, and overhead costs were $500. What was the multi-factor productivity?
differences between financial and managerial accounting
Identify the sources of long-term financing for Genesis Energy.
On July 10, Setterstrom increased the fund from $100.00 to $130.00. Prepare journal entries for Setterstrom Company.
Zeppo Supply Company manufactures cleaning products. During the year, the company spent $600,000 on chemicals and $728,000 on conversion costs. Overhead is applied at a rate of 180% of direct labor costs. How much did the company spend on manufact..
Prepare the correcting entry necessary when these errors are discovered. Assume that the books are closed.
spitfire company was incorporated on january 2 2011 but was unable to begin manufacturing activities until july 1 2011
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