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Robert attended a management seminar (related to his business) in Orlando for 5 days. The first 4 days were spent attending the seminar and the last day was spent sightseeing. In connection with the...

Can someone please tell me how to work this problem?

On December 31, 2004 Eller Corporation sold for $50,000 an old machine having an original cost of $90,000 and a book value of $40,000. The...

Sorry, it was a typo, the amount in the question was supposed to be $18,800 not $18,000.
Thank you for all of your help! You have helped me a lot!

What is the journal entry for this under the periodic inventory system:

Sold goods on account for $21,000 and made cash sales of $18,000.

This is what I think it is. Is this correct or is there...

Can someone please help me with this journal entry:

The company declared and distributed cash dividend totaling $6,000 to its shareholders.

I think the journal entry is this, am I right?
...

Can someone please help me with this journal entry:

Borrowed $15,000 from the bank by issuing a 12-month note. Interest accrues on the note at the rate of 12% annually, or 1% per month. Interest...

Can someone please help me write these journal entries for a company using the periodic inventory system? Thanks

Purchased $19,000 worth of inventory on account.

Sold goods on account for...