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The balance sheet account as of July 31, 1995 for XYZ company are :
Capital: (fix lib) 35,630 Office Equipment (ass) 16730 Delivery Truck 15900 Accounts Receivables(ass) 14180 Notes payable(lib 1200 Cash(ass 7820 Accounts Payable 5750 Salaries Payable 2170 Delivery Supplies on hand 1050 Office Supplies on hand 870
Required:
Prepare a balance sheet as of july 31,1995 (Total Assets = 56,550)
Advantages of setting Accounting Standards: 1. Setting of Accounting Standards will decrease the variations in the preparation of financial statements significantly. 2. Sett
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journal entries and how to calculate entries 1. Braves estimates bad debt expense at 2% of net sales 2. At 12/31/11, 6 months of rent remains on the storage facility Braves lease
Hi i just need the solution of case study.
On December 31, 2003, Jamfest Travel Inc. had 450,000 shares of no-par common stock issued and outstanding. All shares were sold for $7.50. On June 30, 2004, the firm issued an add
Closing entries perhaps prepared directly from the work sheet. The first journal entry debits all items appearing in the Income Statement credit column as well as credits Income Su
Q. Change in accounting method for inventory? Occasionally companies vary inventory methods in spite of the principle of consistency. Improved financial reporting is the merely
Received security deposit from tenants
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