Micro chip computers
please see attached project description,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
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When a company gives a cash refund on returned merchandise, why doesn't it just reduce Sales Revenue instead of using a contra-revenue account?
Pargo Company budgeted selling expenses of $30,000 in January, $35,000 in February, and $40,000 in March. Actual selling expenses were $31,000 in January, $34,500 in February, and $47,000 in March.
A company was founded in 2010. It acquired $30,000 cash by issuing stock to investors and an additional $20,000 cash by borrowing from creditors.
On Sept. 25, 2010 a hurricane destroyed the work in process inventory of Biloxi Corporation. At the time, the company was in the process of manufacturing two custom jobs (B325 and Q428).
Micro chip computers, please see attached project description,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
Machine A The cash price of this machine was $38,000. Related expenditures included: sales tax $1,700, shipping costs $150, insurance during shipping $80, installation and testing costs $70.
Jarmon Airlines is a small airline that ocasionally carries overload shipments for the overnight company Never-Fail Inc. Never-Fail is a multimillion-dollar company started by Peter Never immediately after he failed to finish his first accounting
Guyer Company publishes a monthly sports magazine, Fishing Preview. Subscriptions to the magazine cost $20 per year. During November 2012, Guyer sells 12,000 subscriptions beginning with the December issue.
Spring Manufacturing Company makes tents that it sells directly to camping enthusiants through a mail-order marketing program. The company pays a quality control expert $108,000.
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