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Problem - During the months of November and December 2014, Comfy Home had the following transactions related to holiday candles:
November 1, 2014 - purchased 200 candles for $5 each
Between November 2-30, 2014 - sold 120 candles for a sales price of $15 each
December 1, 2014 - purchased 250 candles for $6 each
Between December 2-31, 2014 - sold 300 candles for a sales price of $15 each
Comfy Home uses a perpetual inventory system. If Comfy Home uses the FIFO method for recording their inventory, what is the amount transferred to the cost of goods sold account during the month of December 2014?
What is the net realizable value of receivables at the end of 2013?
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Prepare the journal entries to record the following transactions in Hunt Ltd's records using a perpetual inventory system
Daniels Company purchased a 1,000, 5 year 6% bond on July 1 2016 for $960. Use this information to prepare the General Journal Entry for the June 20, 2017
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ACC 245 D20 Spring 2017 - If GameStop Corp chose to issue another round of corporate bonds, how much interest rate should they offer and Would you recommend changing a percentage of their unsecured borrowing to issuing bonds?
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