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Posted by on Monday, November 29, 2010 at 11:38pm.

For each of the journal entries, prepare an explanation of the business event that is being represented

  • Accounting - , Tuesday, November 30, 2010 at 3:12am

    An inventory of supplies found $990 on hand. this is an adjusting entry. what accounts are affectes....please help

  • Accounting - , Tuesday, November 30, 2010 at 9:07am

    Mabel, Loretta and Margaret are equal parters in a local resturant. The resturant reports the following items for the current year.
    Revenue-600,000
    Business expenses-310,000
    Investment expenses-150,000
    short-term capital gains-157,000
    short-term capital losses-213,000
    Each partner receives a schedule K-1 with one third of the preceeding items reported to her. How must each individual report these results on her form 1040?

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