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1 equipment acquired at a cost of 180000 has an estimated residual value of 10000 has an estimated useful life of 40000
a warehouse with a cost of 500000 has an estimated residual value of 120000 has an estimated useful life of 40 years
equipment was acquired at the beginning of the year at a cost of 91000 the equipment was depreciated using the
computing the current and debt ratios heart of texas telecom has these account balances at december 31 2012note payable
preparing a post-closing trial balance after closing its accounts at july 31 2012 goodrow electric company had the
classifying assets and liabilities as current or long-term jet fast printing reported the followingbuildings4200service
l konrath company is considering extending credit to d hawk company l konrath company estimated that sales to d hawk
suppose gregs tunes inc has the following inventory records for july 2013 operating expense for july was
journalizing periodic transactions assume that the following transactions occurred between springfield medical supply
perpetual inventory record-fifo mountain cycles uses the fifo inventory method mountain started august with 12 bicycles
1 why is the revenue recognition principle important2 what are the three basic forms of business organization3 identify
journalizing purchase and sale transactions-perpetual system the following transactions occurred between east
journalizing purchase and sale transactions-perpetual inventory consider the following transactions that occurred in
cost of goods sold in a periodic system delta electric co uses the periodic inventory system delta reported the
journalizing periodic transactions assume that the following transactions occurred between brighton medical supply and
journalizing adjusting entries and analyzing their effect on the income statement the following data at january 31 2013
using adjusting journal entries and computing financial statement amounts the adjusted trial balances of superior
journalizing periodic transactions on april 30 fire amp ice jewelers purchased inventory of 7200 on account from ruby
1 a total assets of caldwell company equal 40000 and its equity is 10000 what is the amount of its liabilitiesb total
journalizing closing entries-perpetual inventory rockwell rv center incs accounting records include the following
journalizing sales transactions-perpetual inventory suppose piranhacom sells 2500 books on account for 15 each cost of
calculating gross profit percentage and inventory turnover to evaluate a business lanwan software inc earned sales
1 identify the four financial statements of a business2 what information is reported in an income statement3 why does
lena gold began a professional practice on june 1 and plans to prepare financial statements at the end of each month
1 the following is selected financial information for affiliated company as of december 31 2011 liabilities 34000