Write the journal entry that records the purchase
On February 5, land, building and equipment were purchased for a total amount of $1,220,000. The assessed values of these purchases were, Land - $793,000; Building - $305,000; Equipment - $427,000. Write the journal entry that records the purchase.
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Hear bird songs and feel rain and sunshine on your skin. Watch the sun rise and set, and notice how the shadows change. What's wrong with the world and its people?
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Foyert Corp. requires a minimum $7,500 cash balance. If necessary, loans are taken to meet this requirement at a cost of 2% interest per month (paid monthly).
On February 5, land, building and equipment were purchased for a total amount of $1,220,000. The assessed values of these purchases were, Land - $793,000; Building - $305,000; Equipment - $427,000.
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Assuming that a company has $365 million in annual sales, and a gross margin of 20%, how much investment will each additional day of sales in accounts receivable require?
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