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On July 1, year 5, Harrison, Inc., had the following summarized balance sheet wi
On July 1, year 5, Harrison, Inc., had the following summarized balance sheet with the book values and fair values shown: On that date, New Market, Inc. acquired 100% of Harrison'…
On July 1,2012, Maui Blends, Inc. issued $7,700,000 of 7-year, 11% bonds at a ma
On July 1,2012, Maui Blends, Inc. issued $7,700,000 of 7-year, 11% bonds at a market (effective) interest rate of 10%, receiving cash of $8,081,096. Interest on the bonds is payab…
On July 1,2017, Cullumber Company pays $ 17,000 to Crane Company for a 2-year in
On July 1,2017, Cullumber Company pays $ 17,000 to Crane Company for a 2-year insurance contract. Both companies have fiscal years ending December 31 Journalize the entry on July …
On July 1,2017, Ed Wynne signed an agreement to operate as a franchisee of Kwik
On July 1,2017, Ed Wynne signed an agreement to operate as a franchisee of Kwik Foods, Inc.. for an initial franchise fee of $ 900000. Of this amount, $ 300000 was paid when the a…
On July 1,2017, Pharoah Company pays $24,000 to Crane Company for a 1-year insur
On July 1,2017, Pharoah Company pays $24,000 to Crane Company for a 1-year insurance contract. Both companies have fiscal years ending December 31. For Pharoah Company. journalize…
On July 1,2019, Tim Stein established his own accounting practice. Selected tran
On July 1,2019, Tim Stein established his own accounting practice. Selected transactions for the first few days of July follow. DAr TRANSACTIONS July 1 Signed a lease for an offic…
On July 10, 1908, liquid helium was prepared for the first time in the laborator
On July 10, 1908, liquid helium was prepared for the first time in the laboratory of Heike Kamerlingh Onnes in Leiden, Netherlands. We now know that boiling point for helium is 4.…
On July 10, 2016, Johnson Corporation signed a purchase commitment to purchase i
On July 10, 2016, Johnson Corporation signed a purchase commitment to purchase inventory for $290,000 on or before February 15, 2017. The company's fiscal year-end is December 31.…
On July 10, 2016, Johnson Corporation signed a purchase commitment to purchase i
On July 10, 2016, Johnson Corporation signed a purchase commitment to purchase inventory for $310,000 on or before February 15, 2017. The company's fiscal year-end is December 31.…
On July 10, 2016. Johnson Corporation signed a purchase commitment to purchase i
On July 10, 2016. Johnson Corporation signed a purchase commitment to purchase inventory for $210,000 on or before February 15, 2017. The company's fiscal year-end is December 31.…
On July 10, 2018, Johnson Corporation signed a purchase commitment to purchase i
On July 10, 2018, Johnson Corporation signed a purchase commitment to purchase inventory for $390,000 on or before February 15, 2019. The company's fiscal year-end is December 31.…
On July 10, 2018, Johnson Corporation signed a purchase commitment to purchase i
On July 10, 2018, Johnson Corporation signed a purchase commitment to purchase inventory for $202,000 on or before February 15, 2019. The company's fiscal year-end is December 31.…
On July 11, American Lift Corporation, a wholesaler of hydraulic lifts, acquired
On July 11, American Lift Corporation, a wholesaler of hydraulic lifts, acquired land in exchange for 7,400 shares of $5 par common stock with a current market price of $35. Journ…
On July 12, 2011, Fred City ordered a new computer at an anticipated cost of $11
On July 12, 2011, Fred City ordered a new computer at an anticipated cost of $114,400. The computer was received on July 16 with an actual cost of $116,220. Payment was subsequent…
On July 12th 2010 One of our Client\'s cash book showed a debit balance of $4,00
On July 12th 2010 One of our Client's cash book showed a debit balance of $4,000.00. His bank statement showed a balance of $4,270.00. On comparison the following were found: * ch…
On July 12th, Williams Company accepted delivery of $35,000 of merchandise and r
On July 12th, Williams Company accepted delivery of $35,000 of merchandise and received an invoice dated May 11, with terms of 3/10, n/30, FOB, Garner Company's factory. Garner's …
On July 13, 1993, Gian Luigi Ferri entered the offices of a law firm against whi
On July 13, 1993, Gian Luigi Ferri entered the offices of a law firm against which he had a grudge. Using two semiautomatic assault weapons (TEC-9 and TEC-DC9) manufactured and di…
On July 14, 1991, a train derailment resulted in the spill in approximately 13,0
On July 14, 1991, a train derailment resulted in the spill in approximately 13,000 gal of the soil fumigant sodium metham (Vapam) to the Sacramento River, 70 km upstream from Shas…
On July 15, 2011, the Nixon Car Company purchased 1,000 tires from the Harwell C
On July 15, 2011, the Nixon Car Company purchased 1,000 tires from the Harwell Company for $50 each. The terms of the sale were 2/10, n/30. Nixon uses a periodic inventory system …
On July 15, 2011, the city of Higgins Lake issued tax-supported term bonds havin
On July 15, 2011, the city of Higgins Lake issued tax-supported term bonds having a face value of $10,000,000 and maturing in 20 years. The bonds are dated July 15, 2011, and pay …
On July 15, 2016, Cottonwood Industries sold a patent and equipment to Roquemore
On July 15, 2016, Cottonwood Industries sold a patent and equipment to Roquemore Corporation for $750,000 and $325,000, respectively. The book value of the patent and equipment on…
On July 15, 2016, Cottonwood Industries sold a patent and equipment to Roquemore
On July 15, 2016, Cottonwood Industries sold a patent and equipment to Roquemore Corporation for $880,000 and $390,000, respectively. The book value of the patent and equipment on…
On July 15, 2016, Cottonwood Industries sold a patent and equipment to Roquemore
On July 15, 2016, Cottonwood Industries sold a patent and equipment to Roquemore Corporation for $800,000 and $350,000, respectively. The book value of the patent and equipment on…
On July 15, 2016, M.W. Morgan Distribution sold land for $42.5 million that it h
On July 15, 2016, M.W. Morgan Distribution sold land for $42.5 million that it had purchased in 2011 for $31.0 million. What would be the amount(s) related to the sale that Morgan…
On July 15, 2016, M.W. Morgan Distribution sold land for $55.5 million that it h
On July 15, 2016, M.W. Morgan Distribution sold land for $55.5 million that it had purchased in 2011 for $40.0 million. What would be the amount(s) related to the sale that Morgan…
On July 15, 2016, Ortiz & Co. signed a contract to provide EverFresh Bakery with
On July 15, 2016, Ortiz & Co. signed a contract to provide EverFresh Bakery with an ingredient-weighing system for a price of $94,800. The system included finely tuned scales …
On July 15, 2016, Ortiz & Co. signed a contract to provide EverFresh Bakery with
On July 15, 2016, Ortiz & Co. signed a contract to provide EverFresh Bakery with an ingredient-weighing system for a price of $96,000. The system included finely tuned scales …
On July 15, 2016, Ortiz & Co. signed a contract to provide EverFresh Bakery with
On July 15, 2016, Ortiz & Co. signed a contract to provide EverFresh Bakery with an ingredient-weighing system for a price of $96,000. The system included finely tuned scales …
On July 15, 2016, Ortiz & Co. signed a contract to provide EverFresh Bakery with
On July 15, 2016, Ortiz & Co. signed a contract to provide EverFresh Bakery with an ingredient-weighing system for a price of $90,000. The system included finely tuned scales …
On July 15, 2016, the Nixon Car Company purchased 1,000 tires from the Harwell C
On July 15, 2016, the Nixon Car Company purchased 1,000 tires from the Harwell Company for $50 each. The terms of the sale were 2/10, n/30. Nixon uses a periodic inventory system …
On July 15, 2018, Ortiz & Co. signed a contract to provide EverFresh Bakery with
On July 15, 2018, Ortiz & Co. signed a contract to provide EverFresh Bakery with an ingredient-weighing system for a price of $90,000. The system included finely tuned scales …
On July 15, 2018, Ortiz & Co. signed a contract to provide EverFresh Bakery with
On July 15, 2018, Ortiz & Co. signed a contract to provide EverFresh Bakery with an ingredient-weighing system for a price of $88,800. The system included finely tuned scales …
On July 15, 2018, Ortiz & Co. signed a contract to provide EverFresh Bakery with
On July 15, 2018, Ortiz & Co. signed a contract to provide EverFresh Bakery with an ingredient-weighing system for a price of $92,400. The system included finely tuned scales …
On July 15, 2018, the Nixon Car Company purchased 2,000 tires from the Harwell C
On July 15, 2018, the Nixon Car Company purchased 2,000 tires from the Harwell Company for $40 each. The terms of the sale were 3/10, n/30. Nixon uses a periodic inventory system …
On July 15, 2018, the Nixon Car Company purchased 2,100 tires from the Harwell C
On July 15, 2018, the Nixon Car Company purchased 2,100 tires from the Harwell Company for $40 each. The terms of the sale were 3/10, n/30. Nixon uses a periodic inventory system …
On July 17, 2010, Tim McGraw borrowed $42,000 from his grandfatherto open a clot
On July 17, 2010, Tim McGraw borrowed $42,000 from his grandfatherto open a clothing store. Starting July 17, 2011, Tim has to make10 equal annual payments of $6,500 each to repay…
On July 18 of year 1 Javier purchased a building, including the land it was on,
On July 18 of year 1 Javier purchased a building, including the land it was on, to assemble his new equipment. The total cost of the purchase was $1,595,500; $463,000 was allocate…
On July 18, 2014 Eastside Commercial Bank, Conyers, Georgia, was closed. Referri
On July 18, 2014 Eastside Commercial Bank, Conyers, Georgia, was closed. Referring to the FDIC press releas: (a) What happened to the deposits and depositors? (b) As of March 31, …
On July 1st, Hartford Construction purchases a bulldozer for $330,000. The equip
On July 1st, Hartford Construction purchases a bulldozer for $330,000. The equipment has a 9 year life with a residual value of $15,000. Hartford uses units-of-production method d…
On July 2, 2012, Seott purchased a commercial building. The cost basis assingned
On July 2, 2012, Seott purchased a commercial building. The cost basis assingned to the building is $600,000. Seott also owns a residential apartment building he purchased on June…
On July 20, 2011, Google celebrated the 189th birthday of Gregor Mendel with one
On July 20, 2011, Google celebrated the 189th birthday of Gregor Mendel with one of its famous Google Doodles. Here's the announcement, in the form of a tweet: @google We celebrat…
On July 20, 2014, Kelli purchased office equipment at a cost of $12,000. Kelli m
On July 20, 2014, Kelli purchased office equipment at a cost of $12,000. Kelli makes the election to expense for 2014. She is self-employed as an attorney and in 2014, her busines…
On July 23 of the current year, Dakota Mining Co. pays $4,715,000 for land estim
On July 23 of the current year, Dakota Mining Co. pays $4,715,000 for land estimated to contain 5,125,000 tons of recoverable ore. It installs machinery costing $410,000 that has …
On July 23 of the current year, Dakota Mining Co. pays $4,836,000 for land estim
On July 23 of the current year, Dakota Mining Co. pays $4,836,000 for land estimated to contain 7,800,000 tons of recoverable ore. It installs machinery costing $390,000 that has …
On July 23 of the current year, Dakota Mining Co. pays $4,836,000 for land estim
On July 23 of the current year, Dakota Mining Co. pays $4,836,000 for land estimated to contain 7,800,000 tons of recoverable ore. It installs machinery costing $390,000 that has …
On July 23 of the current year, Dakota Mining Co. pays $5,719,680 for land estim
On July 23 of the current year, Dakota Mining Co. pays $5,719,680 for land estimated to contain 7,944,000 tons of recoverable ore. It installs machinery costing $714,960 that has …
On July 23 of the current year, Dakota Mining Co. pays $5,719,680 for land estim
On July 23 of the current year, Dakota Mining Co. pays $5,719,680 for land estimated to contain 7,944,000 tons of recoverable ore. It installs machinery costing $714,960 that has …
On July 23 of the current year, Dakota Mining Co. pays $5,719,680 for land estim
On July 23 of the current year, Dakota Mining Co. pays $5,719,680 for land estimated to contain 7,944,000 tons of recoverable ore. It installs machinery costing $714,960 that has …
On July 23 of the current year, Dakota Mining Co. pays $5,719,680 for land estim
On July 23 of the current year, Dakota Mining Co. pays $5,719,680 for land estimated to contain 7,944,000 tons of recoverable ore. It installs machinery costing $714,960 that has …
On July 23 of the current year, Dakota Mining Co. pays $6,355,200 for land estim
On July 23 of the current year, Dakota Mining Co. pays $6,355,200 for land estimated to contain 7,944,000 tons of recoverable ore. It installs machinery costing $1,588,800 that ha…