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Homework Help: Business: Accounting

Recent Homework Questions About Accounting

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Financial Accounting
From the information that follows, prepare an income statement and balance sheet for ABC Management Consulting for presentation at the annual board of directors meeting. Use proper formatting of financial statements by reviewing the various illustrations and exhibits in the ...
Tuesday, February 1, 2011 at 3:04pm

accounting
how can I solve this problem stockholders invest $25,000 cash in the corporation
Tuesday, February 1, 2011 at 2:32am

Accounting
On Hune 1, Coble Company Ltd. borrows $40,000 from first Bank on a 6-month, $40,000, 9% note. The note matures on December 1. a) Prepare the entry on June 1. b)Prepare the adjusting entry on June 30. c) Prepare the entry at maturity(december 1), assuming monthly adjusting ...
Monday, January 31, 2011 at 4:54pm

accounting
Cypress purchased a 50,000-hectare tract of timber land at Westerlund on June 7,2010, for $50 million, paying $10 million cash and signing a % mortgage payable for the balance. Principal payments of $8 million and the annual interest on the mortgage are due each December 31. ...
Sunday, January 30, 2011 at 6:50pm

accounting
identify assumptions and concepts and correct entries. On December 31, SGI Company's fical year end, a 12-month insurance policy for the following year was purchased. The following entry was made: DR. insurance expense $24000 CR. cash $24,000
Sunday, January 30, 2011 at 5:55pm

Accounting-Journal Entry
Cypress purchased a 50,000-hectare tract of timber land at Westerlund on June 7,2010, for $50 million, paying $10 million cash and signing a % mortgage payable for the balance. Principal payments of $8 million and the annual interest on the mortgage are due each December 31. ...
Sunday, January 30, 2011 at 5:16pm

accounting
identify assumptions and concepts adn correct entries. The company used the average cost formula to determine that the cost of merchandise inventory at december 31 was $65,000. on December 31, it would have cost $80,000 to replace the merchandise inventory, so the following ...
Sunday, January 30, 2011 at 4:48pm

Intermediate Accounting
E6-10 Assume that Serena Williams desires to accumulate $1 million in 15 years using her market fund balance of $182,696. At what interest rate must Serena's investment compound annually? I came up with 12,179.733 per year; but know this is incorrect.
Sunday, January 30, 2011 at 1:29pm

Intermediate Accounting
E6-5 Mike Finley wishes to become a millionaire. His money market fund has a balance of $92,296 and has a guarateed interest rate of 10%. How many years must Mike leave that balance in the fund in order to get his disired $1,000,000? I am getting $9,229.60 and know this is not...
Sunday, January 30, 2011 at 1:25pm

Public Finance
A corporation has $7 mil. in equity. During the tax year it takes in $4 million in receipts and earns $ 2 million in capital gains from sale of subsidiary. It incurs labor costs of $1 million, interest costs of $250,000, material costs of $500,000, and pays rent for structure ...
Saturday, January 29, 2011 at 9:01pm

accounting
Write a word problem involving a discounted price. Describe the situation and pose the question, but DO NOT SOLVE the problem.
Saturday, January 29, 2011 at 5:53pm

accounting
Write a 700- to 1,050-word paper, using APA guidelines, based on the scenario below. You want to start your own business. You found an investment group that is willing to give you the capital needed for the first year of your business, but only if you can convince them you ...
Saturday, January 29, 2011 at 12:05am

accounting cash flow
Hi, i have a problem with my statement of cash flow, I did all the work but I just can not seem to find the "cash at beginning of year" part. Does anyone know how to calculate this? Here is the question: Ohio Enterprises was organized on January 1, 2010, with the ...
Friday, January 28, 2011 at 12:07am

Intermediate Accounting
I am having a hard time calculating this my question is On April 1, 2011, the company paid an insurance company $4,000 for a two-year fire insurance policy. The entire $4,000 was debited to insurance expense. How do I calculate?
Tuesday, January 25, 2011 at 12:12pm

com155
I need helping pointing out all the verbs and tenses. My education plays (present tense) a very important role in my life. It will be (future tense) a major role in my successful financial planning. I have completed (present perfect tense) a personal financial class which has ...
Sunday, January 23, 2011 at 11:31pm

business
With respect to Arthur Andersen, a large and well-known public accounting and consulting firm, the Legal Briefcase box, "Paying the Price" explains
Sunday, January 23, 2011 at 5:46pm

accounting
The adjusted trial balance columns of the worksheet for Porter Company are as follows
Sunday, January 23, 2011 at 11:14am

English
Write 5 sentences about the role of education in successful financial planning, in which you correctly use a different verb tense in each. 1. Education "is very" (simple present tense) important in your critical role for financial success. 2. I'm "trying&...
Sunday, January 16, 2011 at 6:13pm

accounting
CHOI ENTERPRISES Inv. No. Check Date Description Name or Date No. Terms Amount Dec. 16 Merchandise sold (cost $4,600) Hanna Seppa 916 2/10, n/30 $7,700 17 Received credit memo on returned merch. Funk Company Dec. 15 1,040 17 Purchased office supplies KK's Supply Company ...
Sunday, January 16, 2011 at 12:18am

accounting
BISHOP COMPANY Inv. No. Check Date Description Name or Date No. Terms Amount Mar. 1 Received merchandise and invoice Soy Industries Mar. 1 2/15, n/30 42,600 2 Merchandise sold (cost $7,900) Min Cho 854 2/10, n/30 15,800 3 Purchased office supplies Stacy Company Mar. 3 n/10 EOM...
Sunday, January 16, 2011 at 12:15am

College Accounting
P2-1A Frontier Park was started on April 1 by C. J. Mendez and associates. The following selected events and transactions occurred during April. Apr. 1 Stockholders invested $40,000 cash in the business in exchange for common stock. 4 Purchased land costing $30,000 for cash. 8...
Saturday, January 15, 2011 at 3:38pm

College Accounting
P2-1A Frontier Park was started on April 1 by C. J. Mendez and associates. The following selected events and transactions occurred during April. Apr. 1 Stockholders invested $40,000 cash in the business in exchange for common stock. 4 Purchased land costing $30,000 for cash. 8...
Saturday, January 15, 2011 at 3:31pm

acounting
TEST XQ's Software Development Division (SDD) has developed several architectural design software packages. One software package that they have developed is being sold to English Company for $250,000 or 325,000 pounds. The cost of developing the software was $195,000. As ...
Friday, January 14, 2011 at 8:33pm

accounting
Journalizing in a General Fund: Modified Accrual Basis: Issued $20 million in long-term bonds. Acquired several tracts of land at a total cost of $4million, paying the entire amount in cash.
Thursday, January 13, 2011 at 12:22am

accounting
The following transactions occurred during March 2009 for the Wainwright Corporation. The company owns and operates a wholesale warehouse. 1. Issued 30,000 shares of common stock in exchange for $300,000 in cash. 2. Purchased equipment of a cost of $40,000. $10,000 cash was ...
Wednesday, January 12, 2011 at 12:46pm

accounting
A bond price of $987.50 has a face value of $1000, pays 5% semiannually, and will repay the face value in 15 years. 5% tables Present Values Pv Annuity year 13 .53032 9.39357 year 14 .50507 9.89864 year 15 .48102 10.37966 What is the yeild to maturity of the loan a) 4.9% b) 5....
Monday, January 10, 2011 at 7:37pm

accounting
Select a company that you are familiar with from the transportation industry. •Collect the 4 main financial statements from credible sources (e.g., nationally syndicated newspapers, peer-reviewed journals, investor relations, Web sites or annual reports. •Create a ...
Monday, January 10, 2011 at 2:06pm

accounting
What potential problems can arise if a company incorrectly classifies costs? Example, what if an inventoriable cost is classified as a period cost?
Sunday, January 9, 2011 at 5:02pm

accounting 205
•Describe for the students the primary objectives of accounting. •Explain the basic terminology of the accounting process or financial reporting. •Explain how accounting can affect your personal life emphasizing professional ethics
Sunday, January 9, 2011 at 2:23pm

accounting
What is the impact on the income statement if the cost of goods availaable were to be incorrectly assigned to the cost of goods sold? Also, is there an impact to the balance sheet?
Saturday, January 8, 2011 at 2:27pm

Accounting
How do you calculate the 'Capital stock at the end of the year' with the following information? Revenues: $375,000 Expenses: $297,000 Net Income: $78,000 Retained earnings at the beginning of the year: 0 Retained earnings at the end of the year: $68,000 Liabilities at ...
Friday, January 7, 2011 at 9:02pm

accounting
You have been asked to speak at a career fair for high school students in your home town. Specifically, you are making a presentation about your role as an accountant. Describe for the students the primary objectives of accounting. Explain the basic terminology of the ...
Friday, January 7, 2011 at 5:28pm

accounting
local school system asks you to submit a proposal to do preemployment physicals for 60 bus drivers. What financial or accounting information do you need to submit the proposal?
Thursday, January 6, 2011 at 9:21pm

Intermediate Accounting 305
You have just been hired as a consultant to Tangier Industries, a newly formed company. The company president, John Meeks, is seeking your advice as to the appropriate inventory method Tangier should use to value its inventory and cost of goods sold. Mr. Meeks has narrowed the...
Wednesday, January 5, 2011 at 12:19pm

accounting
Case 1 (8 marks) Bona Bonjela works as a bricklayer and earns $45,500 per annum. His wife, Leslie, has a part-time job in which she earns $18,500 per annum. Leslie has been left an inheritance of $300,000 by her aunty. If this money is invested in a bank deposit, it will ...
Wednesday, January 5, 2011 at 2:48am

accounting
I'm stumped in reference to figuring the answer for the following question. If anyone can help I would be so thankful. The question is as follows: A county fire department receives property tax revenue on a 55% (December), 40% (April), 5% (June) basis. The uncollectible ...
Sunday, January 2, 2011 at 8:53pm

Accounting
Write a memorandum addressed to Irving Backbreaker, the CEO of Delorean Inc., a local carmaker, that addresses the issues you face with turning around Delorean Inc., which is on the brink of bankruptcy. Limit your discussion to identifying issues you see, your next step(s) and...
Sunday, January 2, 2011 at 10:57am

accounting
What is a permanent journal entry?
Wednesday, December 29, 2010 at 6:37pm

Advanced Accounting
The following data are taken from the statement of affairs of the Monroe Company. (Assume that the realizable values of assets are accurate.)
Wednesday, December 29, 2010 at 1:23am

everest
The temporary owners equity are closed because they apply to only one accounting period?
Monday, December 20, 2010 at 10:53am

accounting
Canine Company produces and sells dog treats for discriminating pet owners. The unit selling price is $10, unit variable costs are $7, and total fixed costs are $3,300. What are breakeven sales?
Sunday, December 19, 2010 at 11:14pm

accounting
Please help me. acc225 Internal control recommendations •Complete Exercise 8-1 What internal control procedures would you recommend in each of the following situations? 1. A concession company has one employee who sells T-shirts and sunglasses at the beach. Each day, the ...
Sunday, December 19, 2010 at 9:18pm

Accounting
Partial balance sheets for ABC Company and additional information are provided below. ABC Company, Partial Balance Sheets, As of December 31 2009 2008 Equipment $100,000 $75,000 Accumulated depreciation (25,000) (20,000) Common stock, $5 par 180,000 100,000 Paid in capital 20,...
Friday, December 17, 2010 at 12:52am

accounting
as an alternative to the old machine, the company can rent a new one. it will cost 5,000$ a year. in analysing the cost-volume behaviour the rental is what kind of cost?
Tuesday, December 14, 2010 at 4:21am

Cost accounting
each bill 1500 hours per year and receive pay of $100,000 each. Four paralegal work for the firm and each receives pay of $40,000 and works 2,000 hours per year. Overhead of $396,000 is anticipated, of which $300,000 is attorney support, and the rest is paralegal support. ...
Monday, December 13, 2010 at 10:55am

accounting
Houser Appliances accounts for all sales of its merchandise on the installment basis. Following is the unadjusted trial balance at 12/31/12. Cash $45,000 Installment accounts receivable—2010 20,000 Installment accounts receivable—2011 50,000 Installment accounts ...
Saturday, December 11, 2010 at 2:51am

accounting
Perez Company began operations in 2009. Since then, it has reported the following gains and losses for its investments in trading securities on the income statement: 2009 2010 2011 Gains (losses) from sale of trading securities $ 15,000 $(20,000) $ 14,000 Unrealized holding ...
Saturday, December 11, 2010 at 2:50am

Intermediate Accounting
Prepare all the necessary journal entries to record the following transactions: 1. Sale of a 20 year convertible bond (dated March 1, 2001) with a face value of $1,000,000, interest rate 5%. The bonds were sold 4 months later on June 30, 2001 at 98 plus accrued interest of $16...
Saturday, December 11, 2010 at 2:49am

Intermediate Accounting
Total contract price $100,000 Actual costs during 2006 20,000 Estimated remaining costs 40,000 Billed to customer during 2006 30,000 Received from customer during 2006 10,000 16. Under the completed contract method, how much should Hickam recognize as gross profit for 2006? a...
Saturday, December 11, 2010 at 2:47am

Intermediate Accounting
During 2009 Bradley Corporation issued for $110 per share, 5,000 share of $100 par value convertible preferred stock. One share of preferred stock can be converted into three shares of Bradley’s $25 par value common stock at the option of the preferred stockholder. On ...
Saturday, December 11, 2010 at 2:44am

Intermediate Accounting
Wolf Company issued 1,000 of its $1,000 face amount, 20-year bonds on June 30, 2010, for $1,020,000. Each bond carries five detachable stock purchase warrants, each of which entitles the holder to purchase for $60 one share of Wolf’s common stock. On June 30, 2010, the ...
Saturday, December 11, 2010 at 2:44am

Intermediate Accounting
Information relating to the capital structure of Parke Corporation is as follows: ` December 31 2008 2009 Outstanding shares of: Common stock 90,000 90,000 Preferred stock, convertible into 30,000 shares of common 30,000 30,000 10% convertible bonds, convertible into 20,000 ...
Saturday, December 11, 2010 at 2:43am

Intermediate Accounting
On January 4, 2002, Wynn, Inc., bought 15% of Parr Corporation’s common stock for $60,000. Wynn appropriately accounts for this investment by the cost method. The following data concerning Parr are available for the years ended December 31, 2002 and 2003: 2002 2003 Net ...
Saturday, December 11, 2010 at 2:43am

Intermediate Accounting
Burr Corporation began operations on January 1, 2007, and at December 31, 2007, Burr had the following investment portfolio of marketable equity securities: In current assets In noncurrent assets Aggregate cost $185,000 $275,000 Aggregate market value 150,000 225,000 Net ...
Saturday, December 11, 2010 at 2:43am

Intermediate Accounting
Island Builders, Inc., has consistently used the percentage-of-completion method of accounting for construction type contracts. During 2004 Island Builders started work on a $9,000,000 fixed-price construction contract that was completed in 2006, Island Builders’ ...
Saturday, December 11, 2010 at 2:41am

Intermediate Accounting
On February 24, 2006, Bart Company purchased 2,000 shares of Winn Corporation’s newly issued 6% cumulative $75 par preferred stock for $152,000. Each share carried one detachable stock warrant entitling the holder to acquire at $10, one share of Winn no-par common stock. ...
Saturday, December 11, 2010 at 2:41am

Intermediate accounting
Rosson Corporation, which began business on January 1, 2008, appropriately uses the installment sales method of accounting for income tax reporting purposes. The following data are available for 2008: Installment accounts receivable, 12/31/2008 $200,000 Installment sales for ...
Saturday, December 11, 2010 at 2:39am

cost accounting
fixed cost relating to staging a concert are 350,000. variable cost per patron are $5.00. the selling price for a tickets $25.00. The blue Saints band has sold 23,000 tickets so far. How many ticket does the Blue Saints band need to sell to achieve net income of $75,000.
Friday, December 10, 2010 at 3:53pm

cost accounting
market a new product for 2.00 a unit. fixed costs to manufacture this product are 100,000. the contribution margin is 40 percent. how many units must be sold to realize net income of 100,00 from this product?
Friday, December 10, 2010 at 3:39pm

cost accounting
it a medium-size manufacturer of bicycles. during the year a new line call "Radical" was made available to Frank customers. The break-even point for sales of Radical is 250,000 with a contrbution margin ratio of 40 percent. Assuming that the profit for the radical ...
Friday, December 10, 2010 at 3:30pm

Cost accounting
The company is planning to sell product z for $10 a unit. Variable costs are $6 a unit and fixed cost are $100,000. What must total sales be to break even?
Friday, December 10, 2010 at 3:21pm

accounting
This is the question: "Use page 3 of the journal. Jornalize and post the adjusting entries." Can you tell me how to do that?
Friday, December 10, 2010 at 12:51pm

accounting
which of the following is never considered in incremental analysis? a. incremental revenue b.sunk cost c.incremental profit d. differential costs
Thursday, December 9, 2010 at 9:39pm

accounting
Does the flexible budget term mean A series of budgets for varying rates of activity?
Tuesday, December 7, 2010 at 4:56pm

Strayer University
what would you think of a company's ethics if it changed accounting methods every year? what accounting principle would changing methods every year violate? who can be harmed when a company changes its accounting methods too often? How?
Monday, December 6, 2010 at 9:17pm

accounting
Howell Corporation purchased $350,000 of its bonds on June 30, 2010, at 102 and immediately retired them The carrying value of the bonds on the retirement date was $339,500. The bonds pay semiannual interest and the interest payment due on June 30, 2010, has been made and ...
Sunday, December 5, 2010 at 6:13pm

Accounting Specialized Journals
In store credit customer makes purchase on account for $50.00, invoice #18. What do the enteries look like using specialized journals, general ledger and subsidiary ledger sheets please?
Sunday, December 5, 2010 at 4:20pm

Accounting Specialized Journals
Store owner makes a $80.00 purchase, goods for resale, and uses check $143. Using Specialized journals, general ledger and subsidiary account, what is the correct posting please.
Sunday, December 5, 2010 at 4:16pm

Accounting Specialized Journals
what does customer pays $150.00 toward account at store. What does that look like using specialized journals, general ledger and subsidiary ledgers please
Sunday, December 5, 2010 at 4:13pm

Accounting Specialized Journals
how to use specialized journals, general ledger, and subsidiary ledger sheets to ... business owner purchased $200 product on account to be resold...what does that correctly look like, please?
Sunday, December 5, 2010 at 4:08pm

accounting
What benefits do you see for the U.S. economy in tax-sparing credits? Should it be expanded or reduced? Why or why not? The North American Free Trade Agreement (NAFTA) has tax consequences. Discuss the costs and benefits as you see them for the U.S. from NAFTA.
Sunday, December 5, 2010 at 2:00pm

accounting
Calculate the rate of depreciation for the asset with the help of given data.? Cost of the asset Rs1,20,000 Residual value Rs40,000 Expected life 5 years
Sunday, December 5, 2010 at 1:15pm

Accounting
For each of the journal entries, prepare an explanation of the business event that is being represented
Monday, November 29, 2010 at 11:38pm

Managerial Accounting
• Calculate the annual break-even point in dollar sales and in unit sales for Shop 48. • Prepare a CVP graph showing cost and revenue data for Shop 48 from zero shoes up to 17,000 pairs of shoes sold each year. Clearly indicate the break-even point on the graph. &#...
Monday, November 29, 2010 at 4:37pm

Managerial Accounting
The Fashion Shoe Company operates a chain of women’s shoe shops around the country. The shops carry many styles of shoes that are all sold at the same price. Sales personnel in the shops are paid a substantial commission on each pair of shoes sold (in addition to a small ...
Monday, November 29, 2010 at 4:36pm

financial accounting and reporting
january 01,2007 Mr.A started a business with cash Rs.3000,000 Bank RS.4000,000, Building Rs.3000,000,Laptop Rs.80,000, Desktop computers Rs.50,000,Fax machine Rs.100,000,Simple calculators Rs.5,000, Financial calculators Rs.10,000, Printer Rs.35,000, Scanner Rs.15000,Cars Rs.1...
Monday, November 29, 2010 at 8:21am

accounting
John's specialty store uses a perpetual inveentory system. the following are some inventory transaction for the month of may 2009. John's purchased merchandise on account for $5,000. FREIGHT CHARGE OF $300 WERE PAID IN CASH. JOHN'S RETURNED SOME OF THE MERCHANDISE ...
Sunday, November 28, 2010 at 7:03pm

math 12
From 85 Records at D.S. Collegiate, the following data was collected: 12 studied Sociology, Economics and Accounting, 27 studied sociology and accounting, 20 studied economics and accounting, 21 studied economics and sociology, 36 studied sociology, 36 studied economics and 58...
Sunday, November 28, 2010 at 10:44am

Math
I need Help in the study unit for pennfoster on The Accounting Equation please!!!!!!!!!!! THANK YOU
Friday, November 26, 2010 at 8:45am

accounting
Alik Amal is a bar in Panama City, Florida. In April 2008, rowdy spring break guests damaged a jukebox that had been purchased in 1995 for $800. The jukebox had a useful life o1 ten years, with an estimated salvage value of $75. Alik AmaI decided to scrap the jukebox after the...
Tuesday, November 23, 2010 at 11:28pm

accounting
Glenmore Corp. purchased a fax machine at the beginning of 2007. The fmx machine cost s1,000 and is expected to last live years Its salvage value is expedted to be $50. It Glenmmore uses straight-line depreciabon, what will the fax mactiines net book value be at the end of 2008?
Monday, November 22, 2010 at 7:26pm

accounting I
For the following entry, should I journalize that entry on the purchased date or on Oct. 1st? Sept 29, 2009 Purchased a one-year public liability insurance policy for $5,000. The policy becomes effective at 12:01 a.m. October 1, 2009.
Sunday, November 21, 2010 at 5:02pm

accounting I
I have to journalize the following entry for Sir-Rents-A-Lot: Sept 29, 2009 A child was slightly injured when he fell off of the front-end loader that was rented to Landscrapers Inc. The child is the only son of a lawyer and an orthopedic surgeon. They have filed a lawsuit at...
Sunday, November 21, 2010 at 4:59pm

accounting I
What would be the journal entry to record: Sept 28, 2009 A dividend was declared, which they intend to pay at $0.10 per share by the end of the year. The company has 25,000 shares of capital stock
Sunday, November 21, 2010 at 4:55pm

Tax Accounting
Jim and Kay Bridges contributed to the support of their two children, Samantha and Amanda, and Jim's widowed parent, Carl. For 2009, Samantha, a 19 year old full time college student, earned $4,500 as a baby-sitter. Amanda, a 23 year old bank teller, earned $12,000. Carl ...
Friday, November 19, 2010 at 7:35pm

Tax Accounting
deduction for AGI Toby, a calendar year tax payer, was employed and resided in NY. On February 2, 2009, Toby was permanently transferred to Florida by his new employer. Toby worked full time for the entire year. In 2009 Toby had the following unreimbursed expenses for moving. ...
Friday, November 19, 2010 at 7:33pm

Accounting II
What would be the journal entry to record ten $2,000, 6%, 10 year bonds at 96 on January 1st?
Friday, November 19, 2010 at 7:28pm

mis
Choose one of the following basic business processes: inventory management, operations and manufacturing, HR management, or accounting/financial management. Use the Internet to identify three vendors that license a product to support that process. Compare offerings from the ...
Friday, November 19, 2010 at 2:31am

Accounting
On June 1, Melendez Company borrows $90,000 from First Bank on a 6-month, $90,000, 12% note. Instructions (a) Prepare the entry on June 1. (b) Prepare the adjusting entry on June 30. (c) Prepare the entry at maturity (December 1), assuming monthly adjusting entries have been ...
Thursday, November 18, 2010 at 1:57pm

accounting -annual amount
The exhaust-gas temperature leaving a continuously operating furnace is 260°C, and a proposal is being considered to install a heat exchanger in the exhaust-gas stream to generate low-pressure steam at 105°C. the question to be investigate is whether it is economical ...
Thursday, November 18, 2010 at 1:19pm

accounting -annual amount
The exhaust-gas temperature leaving a continuously operating furnace is 260°C, and a proposal is being considered to install a heat exchanger in the exhaust-gas stream to generate low-pressure steam at 105°C. the question to be investigate is whether it is economical ...
Thursday, November 18, 2010 at 1:13pm

accounting
The following financial data were taken from the annual financial statements of Smith corporation: 2007 2008 2009 Current assets $450,000 $400,000 $500,000 Current liabilities $390,000 $300,000 $340,000 Sales $1,450,000 $1,500,000 $1,400,000 Cost of goods sold $1,180,000 $1,...
Thursday, November 18, 2010 at 12:30pm

accounting
a partial balance sheet and income statement for King Corproation follow: KING CORPORATION Partial Balance Sheet December 31,2009 Assets Current assets: Cash $33,493 Marketable securities $215,147 Trade receivables, less allowance of $6,000 $255,000 Inventories, LIFO $523,000 ...
Thursday, November 18, 2010 at 12:29pm

Accounting
Need help with this bank reconciliation...this is actually for a job and I am forgetting everything about accounting because I am nervous. BANK RECONCILATION ========================================​====== On Aug 14th, One of our Partner's ( Compuville ) cash book ...
Wednesday, November 17, 2010 at 12:53pm

Financial and managerial accounting
1. Use the following data for questions 1 and 2.On March 12, 2005, Trio, Inc. acquired melting equipment for $37,000. The estimated life of the equipment is 7 years, with an estimated residual value of $9,000.Refer to above data. In its financial statements, Trio uses straight...
Wednesday, November 17, 2010 at 11:36am

Financial and managerial accounting
1. Use the following data for questions 1 and 2.On March 12, 2005, Trio, Inc. acquired melting equipment for $37,000. The estimated life of the equipment is 7 years, with an estimated residual value of $9,000.Refer to above data. In its financial statements, Trio uses ...
Wednesday, November 17, 2010 at 7:32am

accounting
Why is it important for an professional accoutant to understand the ethical trends discussed in this chapter? pg.25 question 14 Acc/260
Tuesday, November 16, 2010 at 11:25pm

Accounting
How do I calculate the future value of the following? $5,000 compounded annually at 12% for 2 years $5,000 compounded semiannually at 12% for 2 years $5,000 compounded quarterly at 12% for 2 years $5,000 compounded monthly at 12% for 2 years
Tuesday, November 16, 2010 at 8:00pm

Accounting
A credit saleof $800.00 is made on April 25th, terms 2/10, n/30, on which return of $50.00 is granted on April 28th. What amount is recieved as payment in full on May 4th?
Tuesday, November 16, 2010 at 7:49pm

Accounting-Journal Entry
Sales for the month were $650,000, 85% of sales were on account. Gross margin is 40% of sales.
Tuesday, November 16, 2010 at 7:04pm

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