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Question - On January 31, 2019, Alpha Corporation factored accounts receivables of P1,500,000 with credit terms of 1/10, n/30 immediately after shipment of the goods to the customer. The factor charges a 4% commission based on the gross amount of the receivables factored. The factor also withheld 25% of the amount factored to cover for sales returns and allowance. On February 6, 2019, the customer subsequently returned P120,000 of damaged merchandise. What is the journal entry for February 6?
Gene is single and has no other income. Discuss the character and treatment of the income and losses generated by these activities
Kellogg Company is the world's leading producer of ready-to-eat cereal products. Calculate the ratio of debt to assets for 2014 and 2013
During the first year, McCabe removed 90,000 barrels of oil, which it sold on account for $39 per barrel. Operating expenses totaled $850,000, all paid in cash.
Joachim paid the local newspaper $300 for an advertisement to be run in January of the next year, and charged it to Advertising Expense
ACCT 3121-Cost Analysis and Control Assignment Help and Solution - Louisiana State University, USA. What is projected operating income
Prepaid Rent $5,470, Debt Investments (to be held to maturity until 2023) $69,500, Prepare the long-term investments section of the balance sheet
at the end of the year overhead applied was 35000000. actual overhead was 34200000. closing overunder applied overhead
Explain the problem with authority and resoning
Jamieson Enterprises is considering the development of a go-kart track at an estimated total cost of $680,000. The go-karts would have a $50,000 salvage value at the end of their 10-year useful life. Estimated revenues and costs on an annual basis..
FLSA - On December 1st, the federal annual salary threshold for employees exempt form overtime pay will double, increasing to $47,476 from $23,660.
Journal Entry using the restricted fund method. The Society has been searching for ways to make the canal that runs through the community clearer
Jim Haught, D.D.S., opened an incorporated dental practice on January 1, 2014. Prepare the adjusting entries on January 31
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