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consider the following transactions for rural beginnings2011dec 6 received a 4000 90-day 9 note on account from am
consider these transactionsa espinosa restaurant accepted a visa card in payment of a 100 lunch bill the bank charges a
company g received a bank statement at the end of the month the statement contained the followingending balance
determine proper cash balance francis equipment co closes its books regularly on december 31 but at the end of 2010 it
calypso company issued a note receivable to kearny companya who is the payee b what is the title of the account used by
determine ending accounts receivable your accounts receivable clerk mary herman to whom you pay a salary of 1500 per
baucom company accepted credit cards in payment for 6850 of merchandise sold during march 2012 the credit card company
determining cash balance the controller for weinstein co is attempting to determine the amount of cash and cash
assume that on july 1 2010 big corp loaned little corp 12000 for a period of one year at 6 percent interest what amount
addams family importers sold goods to acme decorators for 20000 on november 1 2008 accepting acmes 20000 6-month 6 note
determine the maturity date interest at maturity and maturity value for a 90-day 10 percent 36000 note from archer
a business borrows 1000 giving a note that requires repayment of the amount borrowed in two payments of 600 each one at
during 2011 gonzales electronics incorporated recorded credit sales of 790000 based on prior experience it estimates a
deana moran is the owner of first delivery service recently deana paid interest of 3600 on a personal loan of 60000
graff company has cash of 40000 net accounts receivable of 90000 and net sales of 720000 last years net accounts
what interest rates should be used in determining the amount of interest to be capitalized how should the amount of
previn brothers inc purchased land at a price of 27000 closing costs were 1400 an old building was removed at a cost of
compute interest and find the maturity date for the following
new machinery which replaced a number of employees was installed and put in operation in the last month of the fiscal
compute the amount of cash and cash equivalent on car wash companys balance sheet if on the balance sheet date it has
computing bad debt expense using aging analysisgarys dairy uses the aging approach to estimate bad debt expense the
discuss the basic accounting problem that arises in handling each of the following situationsa assets purchased by
computing and interpreting the gross profit percentagenet sales for the period was 45000 and cost of sales was 28000
acquisition costs of realty the expenditures and receipts below and on the next page are related to land land
horton corporation is preparing a bank reconciliation and has identified the following potential reconciling items for