How do I convert information from cash flow statements to Balance sheet? I am completely lost with this question and have been going over my text. Can anyone explain the process I should be taking and how to apply it. Thanks in advance Prepare a balance sheet and statement of changes of Owner’s...

Small business: What to do with unpaid late fees at the end of the year? Is it bad debt?

Need help with journal entries June 1: Cara made an investment in Byte of Accounting, Inc. by purchasing 2,580 shares of its common stock paying $42,900 in cash and by contributing computer equipment with a fair market value of $57,720. The par value of the common stock was $21 per share. ...

True or False The normal balance for the dividends account is debit, so it may be shown with assets or expenses on the trial balance

Hi there, my husband will be wiring from Greece $100.000 to $150.000 to my account in Los Angeles for a downpayment to purchase a home. Will the government tax us for it? Or for a home purchase it'll be tax free? Thank u Cc