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Question 1) Which of the following pairs of accounts would not appear in the same adjusting entry?
a. Interest Revenues and Interest Payables
b. Rent Expense and Rent Payable
c. Service Revenues and Accounts Receivable
d. Service Revenues and Unearned Revenues
Question 2) At the end of the month, the adjusting journal entry relating to the use of supplies under the asset method would include a:
a. debit to Supplies and a credit to a revenue account.
b. credit to Supplies and a debit to Supplies Expense.
c. debit to Supplies and a credit to Supplies Expense.
d. credit to Supplies and a debit to Cash.
Net Credit Sales - $960,000 for 2018 and $902,000 for 2019. Calculate the accounts receivable turnover ratio to one decimal place
The bonus percentage is 3% of the firm income above a base level of $300,000 after tax. Determine the Estimated Bonus to the Manager
Current investment opportunity interest rates are 5% and are expected to increase to 7% in 6 months. Would you invest in the Treasury bill that you can rollover
zach company owns 40 of the voting stock of the thomascorporation and uses the equity method in recording this
Advice to the business owner on how their business has performed for the month of March - recommendations to improve the profitability of the business.
Assuming no employees are subject to ceilings for taxes on their earnings, Salaries Payable would be recorded for?Gross payroll $16,000 Federal income tax
Eisler Corporation is involved in the business of injection molding of plastics. Calculate the internal rate of return on this new machine
What type of report should be issued for Oceanview, What is the date of the auditors report
company a and company b are identical except that company as costs are mostly variable whereas company bs costs are
At 1 July 2017, Lobstar Ltd acquired the following non-current assets, Make a journal entries for Lobstar Ltd for the years ending 30 June 2015 and 2016.
What are the financial statement effects of capitalizing or expensing the cost of defending the patent? Prepare the necessary journal entry on December 31, 2011
Assume that management intends to hold the stock as available- for- sale securities for three years or more. Show how the stock investment and its net unrealized losses/gains would be reported at each year- end on the classified balance sheet and inc..
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