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Journal entry and adjusting entry
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Hello: I am new to this site. I am coming across some difficulty with my assignment. If someone can please help me:confused: 1. On may 1st, there was a rent payment for may and June for 4500. THEN 2. I have an adjusting entry for a $1000 of unearned rent. Here is the confusing part to...
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Company A owned 51% of the voting common stock of B Company . Company A’s interest was acquired several years ago on the date that the subsidiary was formed. Consequently, no goodwill or other allocation was recorded in connection with the purchase price. On January 1, 2005, Company B sold...
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Here I have a question regarding journal entries. For the month of December 1st. There is a transaction where a company has paid rent for the month of December and January for $2500. Do I put an entry for a debit of rent expense for 2500 and a credit for cash for 2500? I am confused to what I...
Journal entry
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One more question: If someone contributes, say $70,000 dollars in cash and land worth $130,000 to open a new business how would that look as a journal entry? Would the land and cash transactions need to be separate? Ex.: Debit to Capital 200,000 Credit to Assets 200,000 ... View more questions Search
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