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Prepare the necessary adjusting journal entries for items a through h. Assume that adjusting entries are made only at year-end.Adjusting entries (all dated Dec. 31, 2013).
On October 15, WTI agreed to teach a four-month class (beginning immediately) for an individual for $5,461 tuition per month payable at the end of the class. The class started on October 15, but no payment has yet been received. (WTI's accruals are applied to the nearest half-month; for example, October recognizes one-half month accrual.)
WTI's two employees are paid weekly. As of the end of the year, two days' salaries have accrued at the rate of $100 per day for each employee.
The pickle department of a major food manufacturer has an overhead rate of $5 per direct-labor hour, based on expected variable overhead of $150,000 per year, expected fixed overhead of $350,000 per year, and expected direct-labor hours of 100,000..
lankford corporation operates a retail computer store. to improve delivery services to customers the company purchases
early extinguishment effective interest ? lo5the long-term liability section of twin digital corporations balance sheet
the following data were taken from the financial statements of koura and makikoura inc maki incsales of
a company has a decision to make between two investment alternatives. the company requires a 10 return on investment.
Provide the URL of the video or article for full credit.
A Clarke Corporation subsidiary buys marketable equity securities and inventory on April 1, 2009, for 100,000 pesos each. It pays for both items on June 1, 2009
during january 19000 units were completed and transferred. at january 31st 6500 units remained in work in process that
sun instruments expects to issue new stock at 34 a share with estimated flotation costs of 7 percent of the market
Identify and discuss the reasons why dividends are sometimes paid out even when the funds could be better reinvested in business or when firm has to tap outside sources to pay the dividends.
What are reversing entries and why are they required? What would happen if reversing entries were not made? What transactions might require reversing entries? What transactions might not require reversing entries?
review the standard costs wake up and smell the coffee.article. when evaluating performance many organizations compare
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