I purchased a chair from a vendor for $2,500 in September 2009 and sold the chair to MEDIC for $3,500 in September 2009 In January 2010 MEDIC returned the chair. MEDIC did not want a refund only another brand of chair. I returned that chair to my vendor and got a full refund of $2,500. I...

Presently on unemployment - for all of 2012. Chose no withholding tax as option for weekly payout. My yearly expenses ( based on home mortgage / medical expenses etc.. ) greatly out way all income / tax payback about... When doing 2012 tax return do I have to state the amount of tax that would...

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. ...

Assume the balance in the lease payable account is now $75,000 after amortizing the final $95,000 payment on the $625,000 capital lease in question 1. If the acutal residual value and the guaranteed residual value are the same, record the return of the guaranteed residual value to the lessor by the...

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