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But if follow the above question, you are not left with 2 months, but have to pay more for 10 months, How you will do that. Also can you please check in the above question if the procedure is right...

I did tried to solve this question, and prepared journal entries for it. But my Retained Earning is different than the provided answer for this question. Can you please let me know what mistake I...

I have the same question and did this with the same way, but my data is little different. BUT CONFUSED AND DON'T KNOW IF IT IS RIGHT WAY TO DO IT OR NOT. Please check it and let us know if we are at...

I was trying to solve a question, but was little confused with this. The question is
On March 1, 2010, a company paid a $20,000 premium on a 25 month insurance policy for coverage beginning on...

Thanks for your help, but I am also confused with Calculating the loss on disposal of truck. IT SHOULD BE EQUAL TO $2300, BUT MINE IS DIFFERENT. CAN YOU PLEASE EXPLAIN HOW I CAN DO THAT. THANKS AGAIN

I am really confused to calculate the Depriciation expense for Dec, 2008. The question is like this.
In 2007, Cost of truck is $22,000, estimated life year is 5 years, and salvage value is $2000....

I am really confused to calculate the Depriciation expense for Dec, 2008. The question is like this.
In 2007, Cost of truck is $22,000, estimated life year is 5 years, and salvage value is $2000....

:(:(During the last week of August, Oneida Company’s owner approaches the bank for an $102,000 loan to be made on September 2 and repaid on November 30 with annual interest of 17%, for an interest...

I figured out this problem. I was making mistake in supervision section. Well Thanks for you help

I tried to do this problem in the same way you told me, but got wrong answer.I need to explain this problem to somebody, So please help me to do this. I will be very thankful to you.Totaly :confused:...

How can we find the activity based cost?

How can I prepare the journal entry for this . I prepared but not sure whether it is right or not.
Dec. 31
Goreten announced that net income for the year is $1,633,800.
Dec. 31
Debit...

I just want to make sure that am I doing it right or not.. Tell me please
On June 30, 2008, Sharper Corporation's common stock is priced at $31 per share before any stock dividend or split, and the...

I did not understand it . Sorry, but it is true.Thank you

How can I find the retained earning after divedends. Give me an example to understand it and also how can I find the total stock holder equity.

How can I prepare the journal entries for issuance assuming the bonds are issued at (a) 97 and (b) 106?:confused:

:confused::confused::confused:Exercise 13-9: Dividends on common and cumulative preferred stock L.O. P4

York's outstanding stock consists of (a) 46,000 shares of cumulative 6.5% preferred stock...

I am sorry, You should tell me that you are new. Well thank you for your help

Date Account Title and Description PR Debit Credit
April 12 Account Receivable-Continental Company 5,460
Credit Card Expense 140
Cr. Sales 5,600
To record credit card sales...

Levine Company uses the perpatual systems and allows costomers to use two credit cards in charging purchases. With the omni Bank Card, Levine receives an immidiate credit to its accont when it...

Warner Company's year end unadjusted trial balance shows accounts recievable of $99,000 . Allowance for doubtful accounts of $600 (credit). And sales of $280,000. Uncollectables are estimated...

Identify the two events that cause a Petty Cash Account to be credited in a journal entry

[QUOTE=moonkhan;1302671]The following list includes selected permanent accounts and all of the temporary accounts from the December 31, 2008, unadjusted trail balance of a corporation.Journalize...

The following list includes selected permanent accounts and all of the temporary accounts from the December 31, 2008, unadjusted trail balance of a corporation.Journalize the adjusting entries...

Thank you for giving the answer of this question.

How can I prepare necessary adjusting journal entries (a) through (e) by using the following information from the Adjustments columns of a 10-column work sheet.

Interest recievable ...

Please help me to do this question. I am confused how I can creat financial statement of this question.

The following three separate situations require adjusting journal entries to prepare financial statements as of April 30. For each situation, present both the April 30 adjusting entry and the...

Identify whether a debit or credit yields the indicated change for each of the following accounts,
1.To decrease unearned Revenue
2. To increase Fees Earned
3. To increase Account Receivable