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Accounting
Page 5
Questions (2,385)
On April 1, 10,000 shares of $5 par common stock were issued at $22, and on April 7, 5,000 shares of $50 par preferred stock
3 answers
asked by
Ant
736 views
The cash payments journal used in this problem has only three special amount columns. Under what circumstances would you
4 answers
asked by
Jady
1,325 views
Molly Ellen, bookkeeper for Keystone Company, forgot to send in the payroll taxes due on April 20. She sent the payment November
3 answers
asked by
Ekanki
925 views
Ag Silver Mining, Inc. has $500,000 of earnings before interest and taxes at the year end. Interest expenses for the year were
2 answers
asked by
Vanessa
566 views
Carlton company had assetsof $280,000 & liabilities of $120,000 at the beginning of the year and assets of $400,000 &
4 answers
asked by
Monica
1,755 views
How does lowering your estimated direct labor hours increase your net operating income at the end of the fiscal year?
3 answers
asked by
Jim
658 views
Indicate whether a debit or credit decreases the normal balance of each of the following accounts.
Office Supplies- debit Repair
3 answers
asked by
Kim
6,766 views
The following errors were detected in the books of Shreay Ltd. while preparing the final accounts:(i) A Cheque received for ~
1 answer
asked by
kumar
219 views
problem: the transactions for the month of june. use markup on sales of 20% for profit. june 1 purchased merchandise from ariva
4 answers
asked by
Oyew
404 views
Assume that all of thurmond company’s sales are credit sales. it has been the practice of thurmond company to provide for
3 answers
asked by
Sabrina
342 views
DEBTORS ALLOWANCE
5 answers
asked by
KWANELE NGCOBO
170 views
A company that uses the perpetual inventory system purchased $8,500 on September 25. Terms of the purchase were 2/10, n/30. The
3 answers
asked by
Olga
1,033 views
JKL Company purchased a car for $21,000 on January 1, 2016. The vehicle is estimated to have a useful life of 10 years, at which
4 answers
asked by
jashan
1,424 views
John’s Bikes uses the retail inventory method. Sales at retail were $120,000.00. Net purchases were $68,000.00 at cost and
3 answers
asked by
Murph
1,840 views
what would be the basis for the following journal entry if it appears on Travis Company records? Travis uses the allowance
3 answers
asked by
NeNe
746 views
A company operates an arcade place where customers put money into game membership cards and they also accumulate points for
3 answers
asked by
Mark
462 views
Please help me to get the answers for these questions in order to help my niece for their assignment answers correctly. thanks
An
3 answers
asked by
jessie
528 views
Usher Sports Shop had cash flows from investing activities of −$4,454,000 and cash flows from financing activities of
3 answers
asked anonymously
56 views
Invested $19,000cash in the business along with $6,000 of office equipment. How would this journal entry be posted to the
2 answers
asked by
Maria
538 views
Accounting is actually an easy subject for most people to understand because almost everyone is exposed to basic accounting
4 answers
asked by
Tim
625 views
The Supplies account had a balance of $4,800 at the beginning of the month and $6,400 at the end of the month. The cost of
3 answers
asked by
chantel
1,087 views
Johan"s plant nursery pays the salaries of it's two employees how will this transaction affect the accounting equation
2 answers
asked by
shirley johnson
665 views
• Bill wants the entry in Column G to remind him of expenses that require receipts for the accountant. Tell Bill what to put
5 answers
asked by
Jenna
2,512 views
XO company sold merchandise on account to Brandy company, $14000 , terms FOB shipping point, 2/10, n/30. XO company paid
3 answers
asked by
Miaa
551 views
City Cellular purchased $28,900 in cell phones on April 25. The terms of sale were 4/20, 3/30, n/60. Freight terms were F.O.B.
3 answers
asked by
Kim
536 views
What is the closing entry to allocate a net income of $48,000 to Sara, Ellen, and Mary? Respective capital balances are $30,000,
3 answers
asked by
Bryan
807 views
True Value received an invoice dated 4/28/12. The invoice had a $5,700 balance that included $600 freight. Terms were 5/10,
3 answers
asked by
Mandy
1,193 views
acacia company had inventory of 100,000 on December 31, 2012. other information is as follows:
purchases $1,500,000 sales
1 answer
asked by
keri
465 views
The Empire Carpet Company orders merchandise for $17,700, including $550 in shipping charges, from Mohawk Carpet Mills on May 4.
1 answer
asked by
Lorzetta krement
436 views
During the month of December 20-1, TJ's Specialty Shop engaged in the following transactions:
Dec. 1 Sold merchandise on account
3 answers
asked by
cas
1,410 views
The Divine Merchandising Corporation began March operations with merchandise inventory of 6 units, each of which cost $27.
3 answers
asked by
Kai
662 views
Part 1 :
Store equipment is purchased on January 1, 2002 at a cost of $14,000 and $1,000 was spent on its installation. The
3 answers
asked by
elle
784 views
Payment of a telephone bill represents an increase in a/an:
A. Asset B. Expense C. Liability D. Revenue My answer:B. I'm I
2 answers
asked by
NeNe
1,136 views
The business was started on April 1st.
I have the following events that happened: what accounts should I debit and credit? 1.
2 answers
asked by
Jacob
512 views
The Bags and Luggage Company had the following account balances as of January 1:
Direct Materials Inventory $ 8,700 Work in
3 answers
asked by
alexis
676 views
If a company erroneously records a $500 deposit as $50 in its records, which of the following must occur when reconciling its
3 answers
asked by
Anton
1,098 views
Hello,
I really don't know where to begin Travis Fortney, an architect, opened an office on April 1, 2010. During the month, he
3 answers
asked by
Ann Marie Moiten
656 views
A proprietor makes a cash withdrawal from the proprietorship. How does this affect the accounting equation? (Points : 1)
This has
3 answers
asked by
bernagene
960 views
On December 1, Nautilus corporation borrowed $90,000 from a bank and signed a 10%, 90-day note payable in the amount of $90,000.
3 answers
asked by
herman
514 views
O' Hara Company began operations on December 1, 2011. Presented below is selected information related to O' Hara Company at
4 answers
asked by
ummu
1,626 views
Endra, Cogley, and Mei share income and loss in a 3:2:1 ratio (in ratio form: Kendra, 3/6; Cogley, 2/6; and Mei, 1/6). The
3 answers
asked anonymously
45 views
your firm, which is on accrual basis has a 100,000 mon-fri weekly payroll, and friday is payday. if the year ends on a Tuesday,
1 answer
asked by
Anjelica
466 views
Tamara company purchased a machine on january 1, 2002. Annual depreciation is $800. At december 31 2004, the balance in the
1 answer
asked by
Salee
463 views
Need help with this bank reconciliation...this is actually for a job and I am forgetting everything about accounting because I
2 answers
asked by
Tiffany
803 views
A company that uses perpetual inventory system made the following cash purchases and sales:
January 1 Purchased 100 units at $10
3 answers
asked by
pj
1,058 views
On May 31, 2011, James Logan Company had a cash balance per books of $6,781.50. The bank statement from Farmers State Bank on
3 answers
asked by
vivian
1,182 views
The City of Shiloh sold a used police car. The police car had a historical cost of $17,000, a fair value of $12,000, and was
3 answers
asked by
ildiko
444 views
The Torrey Pine Corporation's purchases from suppliers in a quarter are equal to 75 percent of the next quarter's forecast
3 answers
asked by
Mike
1,120 views
At October 31, Nathan Company made an accrued expense adjusting entry of $1,400for salaries. Prepare the reversing entry on
2 answers
asked by
Sally
616 views
At October 31, Nathan Company made an accrued expense adjusting entry of $1,400
for salaries.
1 answer
asked by
Anonymous
454 views
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