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Question - The following consignment transactions were recorded by Rizal Corporation during January, 2011.Inventory received on consignment P45,000, Freight paid by consignor P4,500, Inventory shipped out for consignment P57,000, Freight paid by consignor P5,200. No sales of consigned goods were made during this month.
Required - What amount of consigned inventory should be included in Rizal's January 31, 2011 balance sheet? Present solutions in good accounting form.
Landon paid $20,000 in dividends to each of the two stockholders in each of the three years. Prepare a statement of retained earnings for the year ended December 31, 2010.
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Gator gathered the following information about Vol Co's assets and liabilities
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in the month of june a department had 12000 units in beginning work in process that were 70 complete. during june 48000
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In hospitality accounting, Explain and discuss the steps in preparing the work sheet ? Detail each step and what is done in each process
A company receives a letter from a customers named Mary stating that she is bankrupt. the entry to write off her balance of $1,250 would be
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