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On March 1. 2010. Manama Construction Company started to construct a latb buildi
On March 1. 2010. Manama Construction Company started to construct a latb building for University of Bahrain for a total contract price of $ 4.200,000. The lab building was to be …
On March 10, 2009, Global Solutions, Inc., purchased 5,000 shares of Superior Te
On March 10, 2009, Global Solutions, Inc., purchased 5,000 shares of Superior Technologies stock for $50 per share. The following information pertains to the price per share of Su…
On March 10, 2016, Lost World Company sells equipment that it purchased for $192
On March 10, 2016, Lost World Company sells equipment that it purchased for $192,000 on August 20, 2009. It was originally estimated that the equipment would have a life of 12 yea…
On March 10, 2016, Lost World Company sells equipment that it purchased for $408
On March 10, 2016, Lost World Company sells equipment that it purchased for $408,960 on August 20, 2009. It was originally estimated that the equipment would have a life of 12 yea…
On March 10, 2017, Steele Company sold to Barr Hardware 200 tool sets at a price
On March 10, 2017, Steele Company sold to Barr Hardware 200 tool sets at a price of $50 each (cost $30 per set) with terms of n/60, f.o.b. shipping point. Steele allows Barr to re…
On March 10, 2018, Alternative Energy Systems, Inc. spun off its tidal and wave
On March 10, 2018, Alternative Energy Systems, Inc. spun off its tidal and wave energy systems line of business in order to focus on its major revenue-generating businesses, solar…
On March 10, 2019, Novak Company sells equipment that it purchased for $222,720
On March 10, 2019, Novak Company sells equipment that it purchased for $222,720 on August 20, 2012. It was originally estimated that the equipment would have a life of 12 years an…
On March 10, 2019, Sweet Company sells equipment that it purchased for $220,800
On March 10, 2019, Sweet Company sells equipment that it purchased for $220,800 on August 20, 2012. It was originally estimated that the equipment would have a life of 12 years an…
On March 11, 2011, Japan was struck by a magnitude-8.9 earthquake off its northe
On March 11, 2011, Japan was struck by a magnitude-8.9 earthquake off its northeastern coast. This natural disaster halted production in many Japanese industries as many firms wer…
On March 11, 2011, Japan was struck by a magnitude-8.9 earthquake off its northe
On March 11, 2011, Japan was struck by a magnitude-8.9 earthquake off its northeastern coast. This natural disaster halted production in many Japanese industries as many firms wer…
On March 11, 20XX, the existing or current (spot) one-year, two-year, three-year
On March 11, 20XX, the existing or current (spot) one-year, two-year, three-year, and four-year zero-coupon Treasury security rates were as follows: Using the unbiased expectation…
On March 11, 20XX, the existing or current (spot) one-year, two-year, three-year
On March 11, 20XX, the existing or current (spot) one-year, two-year, three-year, and four-year zero-coupon Treasury security rates were as follows: Using the unbiased expectation…
On March 12, 1998 Samson, who was the sales manager for JunkCo, happened to see
On March 12, 1998 Samson, who was the sales manager for JunkCo, happened to see an advertisement for “Get the Point" a new presentation software program which generated various sl…
On March 12, 2009, a former chief of the New York Stock Exchange pled guilty to
On March 12, 2009, a former chief of the New York Stock Exchange pled guilty to one of the largest financial frauds in history. Bernie Madoff, founder of his own financial firm an…
On March 12, 2016, Kristen & Valentine, CPAs, completed the audit of the financi
On March 12, 2016, Kristen & Valentine, CPAs, completed the audit of the financial statements of Modern Museum, Inc., for the year ended December 31, 2015. Modern is a private…
On March 12, 2016, Kristen & Valentine, CPAs, completed the audit of the financi
On March 12, 2016, Kristen & Valentine, CPAs, completed the audit of the financial statements of Modern Museum, Inc., for the year ended December 31, 2015. Modern is a private…
On March 12, Klein Company sold merchandise in the amount of $7,800 to Babson Co
On March 12, Klein Company sold merchandise in the amount of $7,800 to Babson Company, with credit terms of 2/10, n/30. The cost of the items sold is $4,500. Klein uses the perpet…
On March 12, Klein Company sold merchandise in the amount of $7,800 to Babson Co
On March 12, Klein Company sold merchandise in the amount of $7,800 to Babson Company, with credit terms of 2/10, n/30. The cost of the items sold is $4,500. Klein uses the perpet…
On March 12, Klein Company, Inc. sold merchandise in the amount of $7,800 to Bab
On March 12, Klein Company, Inc. sold merchandise in the amount of $7,800 to Babson Company, with credit terms of 2/10, n/30. The cost of the items sold is $4,500. Klein uses the …
On March 12, Medical Waste Services provides services on account to Grace Hospit
On March 12, Medical Waste Services provides services on account to Grace Hospital for $9,900, terms 4/10, n/30. Grace does not pay for services until March 31, missing the 4% sal…
On March 15, 2011, Kent, CPA, issued an unqualified opinion on a client\'s audit
On March 15, 2011, Kent, CPA, issued an unqualified opinion on a client's audited financial statements for the year ended December 31, 2010. On May 4, 2011, Kent's internal inspec…
On March 15, 2016, New Age Company enters into a contract to build custom machin
On March 15, 2016, New Age Company enters into a contract to build custom machinery for Michaels Company. The contract specified a delivery date of May 1. The machinery was shippe…
On March 15, American Eagle declares a quarterly cash dividend of $0.060 per sha
On March 15, American Eagle declares a quarterly cash dividend of $0.060 per share payable on April 13 to all stockholders of record on March 30 Required: Record American Eagle's …
On March 15, Topi Company sells $14,000 of merchatidise to a customer. The sales
On March 15, Topi Company sells $14,000 of merchatidise to a customer. The sales tax rate is 9% and the customer pays with cash. What journal entry should the company make to reco…
On March 17, 20X4, Packer became a partner in Cats & Dogs Co., an already formed
On March 17, 20X4, Packer became a partner in Cats & Dogs Co., an already formed partnership. Packer does not have property to contribute and thus contributes services in exch…
On March 17, Sale Inc. sells 1,000 cell phones for $291, 000. The company offers
On March 17, Sale Inc. sells 1,000 cell phones for $291, 000. The company offers a warranty with the cell phones and estimates that 1% of the selling price will go to pay for warr…
On March 17,2016 you won $527.25 million in the Powerball Lottery. The Multi-Sta
On March 17,2016 you won $527.25 million in the Powerball Lottery. The Multi-State Lottery Association gave you the choice of 30 equal annual payments with the first payment of S …
On March 1st 2017 American Company purchased a one-million Euro CD when one Euro
On March 1st 2017 American Company purchased a one-million Euro CD when one Euro = one dollar. This 3 year 12% CD pays interest semi-annually to American Company on March 1st and …
On March 1st 2017 American Company purchased a one-million Euro CD when one Euro
On March 1st 2017 American Company purchased a one-million Euro CD when one Euro one dollar This 3 year 12% CD pays interest semi-annually to American Company on March 1st and Sep…
On March 1st you make plans to travel to Japan the following summer. The quote f
On March 1st you make plans to travel to Japan the following summer. The quote for the yen is $0.0200 per yen. Since it will be a short trip, you believe $1,000 in spending money …
On March 1·Klaus Corporation accepted a 60-day, 3%. S21.900 note receivable from
On March 1·Klaus Corporation accepted a 60-day, 3%. S21.900 note receivable from J. Silverthorn in exchange for his account receivable Read the requirements Requirement 1. Journal…
On March 2, 2008, Ross Corporation issued 4,000 shares of 6% cumulative $100 par
On March 2, 2008, Ross Corporation issued 4,000 shares of 6% cumulative $100 par value preferred stock for $434,000. Each preferred share carried one nondetachable stock warrant w…
On March 2, 2016, ACC 211 signed an agreement for a line of credit with the Bank
On March 2, 2016, ACC 211 signed an agreement for a line of credit with the Bank. Under the agreement, ACC 211 can borrow up to 50,000 at any time during the following year. ACC 2…
On March 2, 2016, ACC 211 signed an agreement for a line of credit with the UIS
On March 2, 2016, ACC 211 signed an agreement for a line of credit with the UIS Bank. Under the agreement, ACC 211 can borrow up to $50,000 at any time during the following year. …
On March 2, 2016, Wesley Company sold its 5-year, $1,000 face value, 8% bonds da
On March 2, 2016, Wesley Company sold its 5-year, $1,000 face value, 8% bonds dated March 2, 2016, at an effective annual interest rate (yield) of 10%. Interest is payable semiann…
On March 2, Kwang Company sold $988,000 of merchandise to Sensat Company, terms
On March 2, Kwang Company sold $988,000 of merchandise to Sensat Company, terms 2/10, n/30. The cost of the merchandise sold was $604,000. (Credit account titles are automatically…
On March 20, Garber\'s petty cash fund of $100 is replenished when the fund cont
On March 20, Garber's petty cash fund of $100 is replenished when the fund contains $22 in cash and receipts for postage $33, supplies $29, and travel expense $16. Prepare the jou…
On March 20, Phillip moved his business out of the old offices at 1103 Allium La
On March 20, Phillip moved his business out of the old offices at 1103 Allium Lane into a newly constructed and equipped office on Grove Street. Philip sold the old office buildin…
On March 20, the spot price for Saudi Light Crude Oil stands at $85.20 a barrel,
On March 20, the spot price for Saudi Light Crude Oil stands at $85.20 a barrel, while the August futures contract for Saudi Light Crude stands at $86.32 per barrel. Based upon th…
On March 23, 2015, the board of directors of Mycroft Company declared a quarterl
On March 23, 2015, the board of directors of Mycroft Company declared a quarterly cash dividend on its $1 par common stock of $0.50 per share, payable on May 10, 2015, to the shar…
On March 25th, 2018 Phillips Corporation purchased bonds of Atlas Corporation fo
On March 25th, 2018 Phillips Corporation purchased bonds of Atlas Corporation for $132 million and classified the securities as trading securities. On December 31st, 2018 these bo…
On March 26, 2016, John Rebel acquired a commercial building as a short term inv
On March 26, 2016, John Rebel acquired a commercial building as a short term investment. He paid $1,900,000 fort, of which $220,000 was the value of the land it was on. He plans t…
On March 28, 1979, the nuclear generating facility at Three Mile Island, Pennsyl
On March 28, 1979, the nuclear generating facility at Three Mile Island, Pennsylvania, began dis- charging radiation into the atmosphere. People exposed to even low levels of radi…
On March 28, 2008, Daniela Motor Financing (DMF), offered some securities for sa
On March 28, 2008, Daniela Motor Financing (DMF), offered some securities for sale to the public. Under the terms of the deal, DMF promised to repay the owner of one of these secu…
On March 28, 2008, Dover Motor Financing (DMF), offered some securities for sale
On March 28, 2008, Dover Motor Financing (DMF), offered some securities for sale to the public. Under the terms of the deal, DMF promised to repay the owner of one of these securi…
On March 28, 2008, Dover Motor Financing (DMF), offered some securities for sale
On March 28, 2008, Dover Motor Financing (DMF), offered some securities for sale to the public. Under the terms of the deal, DMF promised to repay the owner of one of these securi…
On March 3, Blue Spruce Corp. sells $738,400 of its receivables to National Fact
On March 3, Blue Spruce Corp. sells $738,400 of its receivables to National Factors Inc. National Factors Inc. assesses a service charge of its receivables to Western Factors Inc.…
On March 31 of the current year, a truck was purchased for $63,700. The truck ha
On March 31 of the current year, a truck was purchased for $63,700. The truck has an estimated residual value of $4,200 and is expected to be driven 100,000 miles over the next 5 …
On March 31, 2005, combinor company issued 100.000 shares of its S1 par common s
On March 31, 2005, combinor company issued 100.000 shares of its S1 par common stock (current fair value $5 a share) for the net assets of Combinee company Also on that date, Comb…
On March 31, 2007, Mike\'s Bike Shop had outstanding accounts receivable of $17,
On March 31, 2007, Mike's Bike Shop had outstanding accounts receivable of $17,500. Mike's sales are roughly evenly split between credit and cash sales, with the credit sales coll…