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On July 7, 2015. Hidden camera enterprises performed cash services of 1, 700. Th
On July 7, 2015. Hidden camera enterprises performed cash services of 1, 700. The this transaction would include accredit to Accounts payable of $1,700. A debit service revenue of…
On July 8 , a woman was given an antibiotic for presumptive sinusitis . However,
On July 8 , a woman was given an antibiotic for presumptive sinusitis . However, her condition worsened, and she was unable to eat for 4 Ayanna because of severe pain and tightnes…
On July 8 th , a woman was given an antibiotic for presumptive sinusitis. Howeve
On July 8th, a woman was given an antibiotic for presumptive sinusitis. However, her condition worsened, and she was unable to eat for 4 days because of severe pain and tightness …
On July 8, Compusoft receives $350,000 from a customer toward a cash sale of $1.
On July 8, Compusoft receives $350,000 from a customer toward a cash sale of $1.00 million for customized computer equipment to be completed on August 1. The remaining $650,000 pa…
On July 8, Ray Inc. sold 100 printers to Office Rental Company at $600 each and
On July 8, Ray Inc. sold 100 printers to Office Rental Company at $600 each and offered a 2% discount for payment within 10 days. On July 15, Office Rental Company paid the full a…
On July 8, a woman is given an antiobiotic for what she presumed to be a sinus i
On July 8, a woman is given an antiobiotic for what she presumed to be a sinus infection. Despite taking the antibiotics, her condition worsened and she was unable to eat for 4 da…
On July 8, a woman was given an antibiotic for presumptive sinusitis. However,he
On July 8, a woman was given an antibiotic for presumptive sinusitis. However,her condition worsened, and she was unable to eat for 4 days because of severe pain and tightness of …
On July 8th, a woman was given an antibiotic for presumptive sinusitis. However,
On July 8th, a woman was given an antibiotic for presumptive sinusitis. However, her condition worsened, and she was unable to eat for 4 days because of severe pain and tightness …
On July 9, Mifflin Company receives a $9,500, 90-day, 12% note from customer Pay
On July 9, Mifflin Company receives a $9,500, 90-day, 12% note from customer Payton Summers as payment on account. What entry should be made on July 9 to record receipt of the not…
On July, 1, 20x8, Venable Company sold $300,000 worth of merchandise (costing $2
On July, 1, 20x8, Venable Company sold $300,000 worth of merchandise (costing $200,000) on account. Collections of $75,000 are scheduled for October 1, 20x8, and January 1, April …
On June 1 , 2016, Raiders Universal issued 8% bonds dated June 1, 2016, with a f
On June 1 , 2016, Raiders Universal issued 8% bonds dated June 1, 2016, with a face amount of $400,000. The bonds mature on June 1, 2020 (4 years). For bonds of similar risk and m…
On June 1 of the current tax year Elisha and Ezra (who are equal partners) contr
On June 1 of the current tax year Elisha and Ezra (who are equal partners) contribute property to form the Double E Partnership. Elisha contributes cash of $456,480. Ezra contribu…
On June 1 of the current tax year Elisha and Ezra (who are equal partners) contr
On June 1 of the current tax year Elisha and Ezra (who are equal partners) contribute property to form the Double E Partnership. Elisha contributes cash of $456,480. Ezra contribu…
On June 1 of the current year, Maria Edsall established a business to manage ren
On June 1 of the current year, Maria Edsall established a business to manage rental property. She completed the following transactions during June: Opened a business bank account …
On June 1 of the current year, Maria Edsall established a business to manage ren
On June 1 of the current year, Maria Edsall established a business to manage rental property. She completed the following transactions during June a. Opened a business bank accoun…
On June 1 the MARINO Company had a $78,000 debit balance in Accounts Receivable
On June 1 the MARINO Company had a $78,000 debit balance in Accounts Receivable and a $6,800 credit balance in the allowance for uncollectible accounts (also know as allowance for…
On June 1, 2009, Everly Bottle Company sold $1,000,000 in long-term bonds for $8
On June 1, 2009, Everly Bottle Company sold $1,000,000 in long-term bonds for $877600. Thebonds will mature in 10 years and have a stated interest rate of 8% and a yield rate of 1…
On June 1, 2009, Kevin Schmidt and David Cohen form a partnership. Schmidt agree
On June 1, 2009, Kevin Schmidt and David Cohen form a partnership. Schmidt agrees to invest $12,000 cash and merchandise inventory valued at $32,000. Cohen invests certain busines…
On June 1, 2009, National Equipment Rental leased equipment to the Glendale Comm
On June 1, 2009, National Equipment Rental leased equipment to the Glendale Community Club and Craig Legal Services. Glendale signed a lease indicating the club would rent portabl…
On June 1, 2011, Skylark Enterprises (not a corporation) acquired a retail store
On June 1, 2011, Skylark Enterprises (not a corporation) acquired a retail store building for $500,000 (with $100,000 being allocated to the land). The store building was 39-year …
On June 1, 2013, Blue Co. distributed to its common stockholders 150,000 outstan
On June 1, 2013, Blue Co. distributed to its common stockholders 150,000 outstanding common shares of its investment in Red, Inc., an unrelated party. The carrying amount on Blue'…
On June 1, 2013, Blue Co. distributed to its common stockholders 270,000 outstan
On June 1, 2013, Blue Co. distributed to its common stockholders 270,000 outstanding common shares of its investment in Red, Inc., an unrelated party. The carrying amount on Blue'…
On June 1, 2013, Mario entered into a contract to sell real estate for $1 millio
On June 1, 2013, Mario entered into a contract to sell real estate for $1 million (adjusted basis $200,000). The sale was conditioned on a rezoning of the property for commercial …
On June 1, 2013, Mario entered into a contract to sell real estate for $1 millio
On June 1, 2013, Mario entered into a contract to sell real estate for $1 million (adjusted basis $200,000). The sale was conditioned on a rezoning of the property for commercial …
On June 1, 2013, Vision Corporation consigned 150 TVs, costing $1,000 each, to F
On June 1, 2013, Vision Corporation consigned 150 TVs, costing $1,000 each, to Future Electronics. The cost of shipping the TVs amounted to $3,000 and was paid by Vision Corporati…
On June 1, 2014, Flippy-Floppy purchased a manufacturing machine for $864,000. T
On June 1, 2014, Flippy-Floppy purchased a manufacturing machine for $864,000. The machine has an eight-year estimated life and a $44,000 estimated salvage value. Flippy-Floppy ex…
On June 1, 2014, Mayberry Imports purchased bonds on the open market, paying $92
On June 1, 2014, Mayberry Imports purchased bonds on the open market, paying $92,994. The bonds had a face value of $100,000, a stated annual interest rate of 4 percent, and a rem…
On June 1, 2014, Yang Corp. loaned Gant $400,000 on a 12% note, payable in five
On June 1, 2014, Yang Corp. loaned Gant $400,000 on a 12% note, payable in five annual installments of $80,000 beginning January 2, 2015. In connection with this loan, Gant was re…
On June 1, 2015, Cheyenne Company and Ayayai Company merged to form Pina Inc. A
On June 1, 2015, Cheyenne Company and Ayayai Company merged to form Pina Inc. A total of 769,000 shares were issued to complete the merger. The new corporation reports on a calend…
On June 1, 2015, Perry Corp. issued $4,000,000, 9%, 5-year bonds at face value.
On June 1, 2015, Perry Corp. issued $4,000,000, 9%, 5-year bonds at face value. The bonds were dated June 1, 2015, and pay interest semiannually on June 1 and December 1. Financia…
On June 1, 2015, Splish Company and Blossom Company merged to form Blue Inc. A t
On June 1, 2015, Splish Company and Blossom Company merged to form Blue Inc. A total of 837,000 shares were issued to complete the merger. The new corporation reports on a calenda…
On June 1, 2015, Waterway Company and Wildhorse Company merged to form Sheffield
On June 1, 2015, Waterway Company and Wildhorse Company merged to form Sheffield Inc. A total of 802,000 shares were issued to complete the merger. The new corporation reports on …
On June 1, 2015, the Crocus Company began construction of a new manufacturing pl
On June 1, 2015, the Crocus Company began construction of a new manufacturing plant. The plant was completed on October 31, 2016. Expenditures on the project were as follows ($ in…
On June 1, 2016, Blue Co. distributed to its common stockholders 180,000 outstan
On June 1, 2016, Blue Co. distributed to its common stockholders 180,000 outstanding common shares of its investment in Red, Inc., an unrelated party. The book value on Blue’s boo…
On June 1, 2016, Emmet Property Management entered into a 2-year contract to ove
On June 1, 2016, Emmet Property Management entered into a 2-year contract to oversee leasing and maintenance for an apartment building. The contract starts on July 1, 2016. Under …
On June 1, 2017, ABC Corporation approached 123 Corporation about buying a parce
On June 1, 2017, ABC Corporation approached 123 Corporation about buying a parcel of undeveloped land. 123 Corp was asking $240,000 for the land and ABC saw that there was some fl…
On June 1, 2017, ABC Corporation approached 123 Corporation about buying a parce
On June 1, 2017, ABC Corporation approached 123 Corporation about buying a parcel of undeveloped land. 123 Corp was asking $240,000 for the land and ABC saw that there was some fl…
On June 1, 2017, Micro Corp. received an order for parts from a Mexican customer
On June 1, 2017, Micro Corp. received an order for parts from a Mexican customer at a price of 1,000,000 Mexican pesos with a delivery date of July 31, 2017. On June 1, when the U…
On June 1, 2017, W Corp. issued $3,000,000, 9%, 5-year bonds at face value. They
On June 1, 2017, W Corp. issued $3,000,000, 9%, 5-year bonds at face value. They were dated June 1, 2017, and pay interest annually on June 1. Financial statements are prepared …
On June 1, 2017, a cheque in the amount of $5,160 was issued for a two-year subs
On June 1, 2017, a cheque in the amount of $5,160 was issued for a two-year subscription to a trade publication starting on June 1, 2017. The amount was charged to Operating Expen…
On June 1, 2019, Concord Company purchased the following machine for use in its
On June 1, 2019, Concord Company purchased the following machine for use in its production process. The cash price of this machine was $37,500. Related expenditures included: sale…
On June 1, 2019, Concord Company purchased the following machine for use in its
On June 1, 2019, Concord Company purchased the following machine for use in its production process. The cash price of this machine was $37,500. Related expenditures included: sale…
On June 1, 2019, Jenna Davis opened the Leadership Coaching Agency. DATE TRANSAC
On June 1, 2019, Jenna Davis opened the Leadership Coaching Agency. DATE TRANSACTION June Jenna Davis invested $40,000 cash to start the business 2 Issued Check 201 for $2,000 to …
On June 1, 2019, Kris Storey established an interior decorating business, Eco-Ce
On June 1, 2019, Kris Storey established an interior decorating business, Eco-Centric Designs. During the month, Kris completed the following transactions related to the business:…
On June 1, 2019, Kris Storey established an interior decorating business, Eco-Ce
On June 1, 2019, Kris Storey established an interior decorating business, Eco-Centric Designs. During the month, Kris completed the following transactions related to the business.…
On June 1, Addidas Co. sold 15,000 yearly subscriptions of its monthly magazine
On June 1, Addidas Co. sold 15,000 yearly subscriptions of its monthly magazine to customers for $22.00 each. Customers received their first subscription of the magazine July 1. P…
On June 1, Alexander Corporation sold goods to a forcign customer at a price of
On June 1, Alexander Corporation sold goods to a forcign customer at a price of 1,000,000 pesos. It will receive payment in three months on September 1. On June I, Alexander acqui…
On June 1, Alexander Corporation sold goods to a foreign customer at a price of
On June 1, Alexander Corporation sold goods to a foreign customer at a price of 1,030,000 pesos and will receive payment in three months on September 1. On June 1, Alexander acqui…
On June 1, Chetney Company Ltd. borrows $78,000 from First Bank on a 6-month, $7
On June 1, Chetney Company Ltd. borrows $78,000 from First Bank on a 6-month, $78,000, 8% note. The note matures on December 1. (a) Prepare the entry on June 1. (Credit account ti…
On June 1, Cindy Godfrey started Divine Designs Co., a company that provides cra
On June 1, Cindy Godfrey started Divine Designs Co., a company that provides craft opportunities, by investing $11,210 cash in the business. Following are the assets and liabiliti…