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Problem 1: Hartmann Co. provided $42,000 worth of maintenance services to a customer, Simmons Co., the last week of December 2020. Hartmann did not invoice the customer until January 3, 2021. What adjusting entry must Hartmann make at December 31, 2020? Option 1: No entry needed on December 31, 2020 Option 2: Debit: Unearned Revenue, $42,000; Credit: Revenue, $42,000 Option 3: Debit: Revenue, $42,000; Credit: Unearned Revenue, $42,000 Option 4: Debit: Revenue, $42,000; Credit: Accounts Receivable, $42,000 Option 5: Debit: Accounts Receivable, $42,000; Credit: Revenue, $42,000
If the manufacturer charges a 4 1/2% late fee, how much (in $) would the cellular company owe if it did not pay the balance by the net date?
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If the account pays constantly 9.6% interest on deposits, at what age his grandson can withdraw $202,150? (Write the age in years only like '19.23 years')
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What other provisions could have been included in the Act to strengthen the responsible stewardship and integrity of the accounting profession?
What gain or loss would Camel Corporation recognize if it distributes the inventory and equipment to Albert and the cash and land to Tomoko?
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