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West county bank agrees to lend drake builders company 100,000 on January 1.Drake builders company signs a 100,000, 6%, 6month note.What entry will drake builders company make to pay off the note and interest at maturity assuming that interest has been accrued to June 30?
in peachtree there are 2 accounts - 20000 accounts payable and 23000 accrued expenses. what are the differences between
from the following statement please 1 complete bank reconciliation for jimmys deli found on the reverse of the bank
on january 1 2012 franel co. acquired all of the common stock of hurlem corp. for 2012 hurlem earned net income of
E21-30 Determing mixed costs-the high-low method The manager of Able Car Inspection reviewed the monthly operating costs for the past year. The costs ranged from $4,000 for 1,000 inspections to $3,600 for 600 inspections.
Steve and Jim formed a partnership on January 1 with cash contributions of $600,000 and $400,000, respectively. The partners agree to share profits and losses equally. The partnership immediately borrowed $200,000. What is Jim's tax basis in his p..
liz and doug were divorced on december 31 of the current year after 10 years of marrage. their current years income
Cost Allocation is a method to identify and distribute indirect costs. Direct costs are costs assignable to a specific cost objective, whereas indirect costs are costs incurred for multiple cost objectives or not assignable to a specific cost obje..
the risk-free rate of return is currently 0.05 whereas the market risk premium is 0.05. if the beta of rkp inc. stock
Tech Savvy, a computer consulting firm, has decided to write off the $8,375 balance of an account owed by a customer. Illustrate the effects on the accounts and financial statements to record the write-off (a) assuming that the direct write-off me..
material cost variances use of variances for performance evaluation. katharine stanley is the owner of better bikes a
the information below is taken from the december 31 2014 adjusted trial balance of rummer company all numbers are
During 2007, a company began researching and developing a new product for market. By June 30, 2008, the company had determined the new product was technologically feasible and developed a business plan including identification of a ready market fo..
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