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Question 1: Paid sales staff wages of $12,618 for the week up to and including yesterday, Cheque No. 845. Note that $7,429 of this payment relates to the wages expense incurred during the last week of May. what is the journal entry for this and what amount should be recorded?
At the end of April, 1,050 hats were in ending inventory. Calculate the cost of the ending inventory and the cost of the hats sold during April.
What is the purpose of a bank reconciliation? What are the reasons for differences between the cash reported in the accounting records, and the cash balance in the bank statements?
What is the payback period of a project with average annal cash outflows of $8,000 average annual cash inflows of $10,000 and an initial investement
Prepare the entry to record the conversion on April 1, 2018. (Book value method is used.) Assume that the entry to record amortization of the bond discount
Coghlan Auto Supply does not segregate sales and sales taxes at the time of sale. The register total for March 16 is $34,100. All sales are subject to a 10% sales tax. Make the entry to record sales taxes payable and sales revenue.
Solomon Corporation’s adjusted trial balance for the year ending December 31, 2015, Prepare its income statement and statement of stockholders’ equity for the current year, and its balance sheet for the current year-end. Cash dividends were $8,000 an..
Prepare a multistep income statement for Will's. Store Salaries Expense, Advertising Expense, Store Supplies Expense, and Depreciation Expense-Store Equipment are selling expenses.
Discuss what you would want in regards to your own advance directives. Think about what you would want to specify in your living will
The annual payments will be $6261.41 When Nunez makes its first payment at the end of the first year of the loan, how much of the payment will be interest?
What would you include in the audit plan, and why, would you plan a test of controls or substantive tests? Why or why not and would these tests make a difference in the nature, timing, and extent of audit procedures?
Prepare journal entries and financial statement for the year ended December 31, 2014. No adjusting entries have been made since December 31, 2013. Company A rented idle office space to Company B on February 1, 2014, at a rate of $1300 per month. on t..
What is the ex-dividend date? - Ignoring personal taxes, how much should the stock price drop on the ex-dividend date?
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