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ashley wells contributed a patent accounts receivable and 15000 cash to a partnershipthe patent had a book value of
transactions for marlin company for the month of june are presented below identify the accounts to be debited and
donna ahern is the owner and operator of omega a motivational consulting business at the end of its accounting period
on may 10 rose company sold merchandise for 4000 and accepted the customers first business bank mastercard at the end
on january 10 kristin pitt uses her stampfer co credit card to purchase merchandise from stampfer co for 1700 on
as of december 31 2010 thomas company had total assets of 156000 total liabilities of 85600 and common stock of 52400
there are many situations in business where it is difficult to determine the proper period in which to record revenue
conway shelton contributed land inventory and 58000 cash to a partnership the land had a book value of 40000 and a
components of the accounting equationrequiredthe following three requirements are independent of each othera michaels
on october 5 longhini company buys merchandise on account from okern company the selling price of the goods is 5000 and
howard paulson is considering investing in stevenson pet food company stevensons net income increased considerably
identify the accounts that are added to or deducted from purchases to determine the cost of goods purchased under a
consider the following accounting terms and definitionsterms1 accounting equation2 asset3 balance sheet4 expense5
rai company has always provided its customers with payment terms of 110 n30 members of its sale force have commented
as the end of agnew companys fiscal yearend approached it became clear that the company had considerable excess
describe how transactions of lucent technologies inc would affect the three elements of the accounting equationa
describe how the following business transactions affect the three elements of the accounting equationa invested cash in
a explain the income measurement process in a merchandising companyb how does income measurement differ between a
a company makes a credit sale of 750 on june 13 terms 210 n30 on which it grants a return of 50 on june 16 what amount
magilke industries acquired equipment this year to be used in its operations the equipment was delivered by the
sally kist owns linen kist fabrics sally asks you to explain how she should treat the reconciling items when
daryl wallin is the owner and operator of pima llc a motivational consulting businessat the end of its accounting
be7-17 assume that toni braxton company has recently fallen into financial difficulties by reviewing all available
davies buys and sells goods on cash and credit terms the following is a list of her transactions for april 20101
selected transactions for evergreen lawn care company are listed below1 sold common stock for cash to start business2