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  1. Question: Book Balance

    by jtraver79
    Answers
    3
    Views
    820

    Find the book balance Bank statement August 31...

    Find the book balance

    Bank statement August 31 $24,500
    Book Balance (before adjustments)
    Outstanding Checks $2,700
    NSF Checks ...
  2. Question: Book Balance

    by jtraver79
    Answers
    3
    Views
    820

    Book Balance

    How do I calculate book balance, I can't find it anywhere
  3. Answers
    1
    Views
    879

    Weighted average

    I am having trouble figuring out the weighted average cost inventory method, do you know an easier way of calculating it. I have tried doing it from what the book says but keep falling short in the...
  4. Question: Current Ratio

    by jtraver79
    Answers
    3
    Views
    782

    Supplies Expense

    M Corp had $1800 of supplies on hand and January 1, 20X7, supplies with a cost of $7000 were purchased. At December 31, 20X7, he actual supplies on hand amounts of $2300. After the adjustments are...
  5. Question: Current Ratio

    by jtraver79
    Answers
    3
    Views
    782

    Current Ratio

    Cash 25,000
    Accounts Payable 14,000
    Accounts receivable 27,000
    Notes payable due within one year 24,000
    Merchandise Inventory 24,000
    Land 40,000
    Notes Payable Due Beyond one year ...
  6. Question: Profit margin

    by jtraver79
    Answers
    7
    Views
    1,188

    Profit margin

    Income tax Expense 139,200
    Sales 1,348,000
    Selling Expense 383,100
    Interest Expense 5,800
    General and Administrative Expense 369,990
    Earnings Per share $2.97
    Stockholders Equity ...
  7. Question: Profit margin

    by jtraver79
    Answers
    7
    Views
    1,188

    Closing an account

    Which if the following entries closes a temporary account?

    A. $200 Debit, Dividends; $ 200 Credit, Retained earnings

    B. $400 Debit, Income Summary; $400 credit, Rent expense

    C. $1600 Debit,...
  8. Question: Profit margin

    by jtraver79
    Answers
    7
    Views
    1,188

    Wage Expense

    Industrial activities operates 5 days per week with a daily payroll of $4000. Employees are paid every Saturday for the workweek just completed (Monday through Friday) The last day of the month is...
  9. Question: Profit margin

    by jtraver79
    Answers
    7
    Views
    1,188

    Profit margin

    Income tax expense $139,200
    Sales $1,348,000
    Selling Expense $383,100
    Interest Expense $5,800
    General and Administrative Expense $369,990
    Earnings per share $2.97...
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