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Question - What are the Accounting Entries for the given information below?
March 1 - Bela organized a business named RJ Company.
March 2 - Bela Company sold its merhandise for 4,500.
March 10 - Purchased equipment at a cost of 500,000; paid 300,000 and issued a promissory note for the balance.
March 30 - Paid the advertising contract for the month, 2,000.
March 31 - Bela paid its 1,390 electric bill for the month.
Show debit and credit.
Compute the amount credited to revaluation surplus as a result of the revaluation in 2017. Russia Corp. purchased a machinery on January 1, 2015 for P5,000,000
Prepare the income statement for Gator Investments. Prepare the statement of stockholders' equity for Gator Investments. Prepare the balance sheet for Gator
ABC Company acquired a 80% interest in the DEF Company in year 1. For the year ended December 31, year 2, ABC reported net income of $100,000. During year 2, ABC sold merchandise to DEF for $10,000 at a profit of $3,000. The merchandise remained in D..
Rivendell Corporation and Foster Company merged as of January 1, 20XX. To effect the merger, Rivendell paid finder's fees of $40,000, legal fees of $13,000, and stock registration fees of $10,000. Based on the preceding information, under the acquisi..
the cfo for fin tackle company a manufacturer of fine completing supplies has provided you the subsequent information
Which of the investments would investors generally view as the riskiness? Which form of long-term financing, if available, is usually used last?
This total dividend payout represents a 6% increase over last year's presplit total dividend payout. What was last year's dividend per share
What is the meaning of "discounted value of expected net receipts" and what basis of valuation for Ferry's patents would be generally accepted in accounting?
If the investee reports $250,000 of income, and pays $100,000 of dividends for the current year, the net effect of the entries made by the investor
A project will generate additional sales of $50,000 per year. Expenses to support the increase of sales will be $32,000 with depreciation expense of $5,000.
What accounts would be listed on an Income Statement? How should Bernadette Inc. record the payment of an amount she owes her supplier?
The yield to maturity in the firm's bonds is 7.6 percent and the debt-equity ratio is .45. What is the RWACC if the tax rate is 34 percent?
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