When you are preparing journal entries
When you are preparing journal entries and the event is $4,000 in supplies were used, how do you record that as a debit and a credit? I assume that you would credit the $4,000 to supplies but what would you debit to make it balance?
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What is the amount of payments that must be made at end of each 8 years to accumulate a fund of $90,000 by the end of 8th year, if the fund earns 8% interest compounded annually.
Goal to create fund of $500,000 in 25 years, accumulating this by making equal deposits ending in 24 years What annual deposit will he make if the fund will earn 12% interest compounded annually?
Houston has a $27,600 debt that she wishes to repay 4 years from today; she has $19,553 that she intends to invest for 4 years. What rate of interest will she need to earn annually in order to accumulate enough to pay the debt?
Alexia Corporation was organized on January1, 2012. It is authorized to issue 10,000 shares of 8%, $100 par value preffered stock, and 500,000 shares of no par common stockwith a stated value of $2 per share.
Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of $103,000 and 3,700 estimated direct labor-hou
Explain how reported accounting numbers might affect an individual's perceptions and actions. Cite two examples. CA1-7 Some argue that having various organizations establish accounting principles is wasteful and inefficient.
Marian Mosely is the owner of Mosely Accounting Services. Which accounting principle requires Marian to keep her personal financial information separate from the financial information of Mosely Accounting Services?
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