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Wakefield Home is a private not-for-profit healthcare organization offering services for a fee. In first quarter of 2011, Wakefield Home rendered services of $300,000 to patients. Of this amount 75 percent will be paid by patients, and $25,000 may be adjusted based on estimated insurance agreements. The remaining amount is to be paid by third party insurance providers. A). Record journal entries that reflect all of the above information.
B). A local business donated medical supplies to Wakefield with a value of $40,000. Prepare journal entry for receipt of these supplies.
C). The Home incurred the subsequent liabilities: $110,000 salaries, $30,000 medical equipment, $10,000 utilities expense. Organize the journal entries for these transactions.
calculating ending inventory under retail inventory method and calculation of loss from shrinkage at cost amp
Amortization of discount on issue of debentures - Carson uses the sum-of-the-years-digits method of depreciation. What should the accumulated depreciation be at 31st December, 2008
Tom Hughes died in 2009 with a gross estate of $3.9 million and debt of $30,000. He made post-1976 taxable gifts of $100,000, valued at $80,000 when he died. His estate paid state death taxes of $110,200. Illustrate what is his estate tax base?
Selected financial statement information is reported below for Cameron Corporation for the year ended December 31, 2012 and determine the cash flow from operating activities for the year using the direct method.
Assuming that the company’s $337,485 ending Finished Goods Inventory account for year 2011 had $137,485 of direct materials costs, determine inventory’s direct labor costs and its overhead costs.
the company determined that the copyright would expire at the end of 2016. How much should the co. record as amortization expense for copyright for 2011?
Determine whether Columbia should keep its present equipment or acquire the new equipment. Round all calculations to the nearest dollar, and ignore income taxes.
Preparation of the balance sheet from the given transactions for events occurred at Handsome Hounds Grooming Company during its first year of business
The bonds were sold for 833,760 to yield 12%. Wallace uses a calendar-year reporting period. Using the effective-interest method of amortization, what amount of interest expense should be reported for 2010?
question 1. the subsequent information relates to vice versa ventures for calendar year 20xx the companys first year
computation of break-even-point of airline company.the smooth flight airline company is considering lowering fares in
Prepare Chester, Inc.'s journal entry (or entries) to record its acquisition of Festus Corp. assuming that the separate incorporation of Festus is maintained.
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