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Objective: to determine the amount of adjestment for supplies used and record the adjusting entry in general journal form:
The supplies account had a balance of $830 on january 1, 20x7. Additinal supplies were purchased on March 1, 20x7, for $380 and September 9, 20x7, for $560. A year-end inventory shows that $610 worth are on hand.
Direnction: Determine the amount of the supplies used as December 31, 20x7, and prepare the adjusting entry.
On September 15, the City decided to borrow $200,000 in 90 day tax anticipation notes to cover operating expenditures until the tax revenues are collected. The journal entry on September 15 to record the issuance of tax anticipation notes will inc..
Net periodic pension cost recognized by an employer sponsoring a defined benefit pension plan may include a gain or loss component. Gains and losses requiring amortization:
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What interest rates should be used in determining the amount of interest to be capitalized? How should the amount of interest to be capitalized be determined?
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