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On September 1, Knack Company signed a $50,000, 90-day, 5% note payable with Cen
On September 1, Knack Company signed a $50,000, 90-day, 5% note payable with Central Savings Bank. What is the journal entry that should be recorded by Knack upon maturity of the …
On September 1, Miners Inc. signed a $150,000, 90-day discounted note at the Han
On September 1, Miners Inc. signed a $150,000, 90-day discounted note at the Hank. The discount rate 10%, and the note was paid on November 30. Journalize the entries for Septembe…
On September 1, Nixa Office Supply had an inventory of 30 calculators at a cost
On September 1, Nixa Office Supply had an inventory of 30 calculators at a cost of $18 each. The company uses a perpetual inventory system. During September, the following transac…
On September 1, Nixa Office Supply had an inventory of 35 calculators at a cost
On September 1, Nixa Office Supply had an inventory of 35 calculators at a cost of $16 each. The company uses a perpetual inventory system. During September the follow transaction…
On September 1, Nixa Office Supply had an inventory of 35 calculators at a cost
On September 1, Nixa Office Supply had an inventory of 35 calculators at a cost of $16 each. The company uses a perpetual inventory system. During September, the following transac…
On September 1, Northgate paid $18,000 to Evans Management Company for 12 months
On September 1, Northgate paid $18,000 to Evans Management Company for 12 months of rent beginning on September 1. The appropriate journal entry was made to record this transactio…
On September 1, Pat Hopkins established On a Cloud Corporation (OCC) as a provid
On September 1, Pat Hopkins established On a Cloud Corporation (OCC) as a provider of cloud computing services. Pat contributed $15,000 for 1,500 shares of OCC. On September 8, OC…
On September 1, Weiss Company has 200,000 shares of $15 par value ($159 market v
On September 1, Weiss Company has 200,000 shares of $15 par value ($159 market value) common stock that are issued and outstanding. Its balance sheet on that date shows the follow…
On September 1, Year 1, Rodriguez Company sells inventory costing $240,250 for $
On September 1, Year 1, Rodriguez Company sells inventory costing $240,250 for $775,000. The sales agreement states that the buyer will pay $150,000 down and 25 equal monthly inst…
On September 1, Ziegler Corporation had 50,000 shares of $5 par value common sto
On September 1, Ziegler Corporation had 50,000 shares of $5 par value common stock, and $1,500,000 on retained earnings. On that date, when the market price of the stock is $15 pe…
On September 1, Ziegler Corporation had 68,000 shares of $5 par value common sto
On September 1, Ziegler Corporation had 68,000 shares of $5 par value common stock, and $204,000 of retained earnings. On that date, when the market price of the stock is $15 per …
On September 1, Ziegler Corporation had 71,000 shares of $5 par value common sto
On September 1, Ziegler Corporation had 71,000 shares of $5 par value common stock, and $213,000 of retained earnings. On that date, when the market price of the stock is $15 per …
On September 1, a company established a petty cash fund of $200. On September 10
On September 1, a company established a petty cash fund of $200. On September 10, the petty cash fund was replenished when there was $32 remaining and there were petty cash receip…
On September 1, a company purchased a vehicle for $53,000 with a residual value
On September 1, a company purchased a vehicle for $53,000 with a residual value of $3,000. The estimated useful life is 10 years and the company uses the straight-line method. Wha…
On September 1, a company purchased a vehicle for $93,000 with a residual value
On September 1, a company purchased a vehicle for $93,000 with a residual value of $7,000. The estimated useful life is 8 years and the company uses the straight-line method. What…
On September 1, a firm grants credit with terms of 2/10 net 30. The creditor: re
On September 1, a firm grants credit with terms of 2/10 net 30. The creditor: receives a discount of 2 percent when payment is made within 10 days. receives a discount of 2 percen…
On September 1, booked the race track for a private organization that will use t
On September 1, booked the race track for a private organization that will use the track one day per month for $2,000 each time, to be paid in the following month. The organizatio…
On September 1, of the current year, Samuel, a cash-basis taxpayer, sells his fa
On September 1, of the current year, Samuel, a cash-basis taxpayer, sells his farm to Edward, also a cash-basis taxpayer, for $100,000. James' basis in the farm is $65,000. The re…
On September 1, the beginning of its fiscal year, Burke Wholesale Company Ltd. h
On September 1, the beginning of its fiscal year, Burke Wholesale Company Ltd. had an inventory of 99 calculators at a cost of $21 each. The company uses a perpetual inventory sys…
On September 1,Ziegler Corporation had 62.000 shares of $5 par value common stoc
On September 1,Ziegler Corporation had 62.000 shares of $5 par value common stock, and $186,000 of retained earnings On that date, when the market price of the stock is $15 per sh…
On September 1.2016. Jacob Furniture Mart enters into a tentative agreement to s
On September 1.2016. Jacob Furniture Mart enters into a tentative agreement to sell the assets of its office equipment division. This division qualifies as a component of the enti…
On September 10, 2010, Jenks Co. incurred the following costs for one of its pri
On September 10, 2010, Jenks Co. incurred the following costs for one of its printing presses: Purchase of attachment $55,000 Installation of attachment 5,000 Replacement parts fo…
On September 11, 2001, terrorists flew two hijacked airplanes into the World Tra
On September 11, 2001, terrorists flew two hijacked airplanes into the World Trade Center (WTC) in lower Manhattan in New York City (NYC), destroying both towers of the WTC. As of…
On September 11, 2001, terrorists flew two hijacked airplanes into the World Tra
On September 11, 2001, terrorists flew two hijacked airplanes into the World Trade Center (WTC) in lower Manhattan in New York City (NYC), destroying both towers of the WTC. As of…
On September 11, 2014, Home Store sells a mower for $530 with a one-year warrant
On September 11, 2014, Home Store sells a mower for $530 with a one-year warranty that covers parts. Warranty expense is estimated at 7% of sales. On July 24, 2015, the mower is b…
On September 11, 2015 at precisely 1:00 a.m., the Metropolitan Opera House in Ne
On September 11, 2015 at precisely 1:00 a.m., the Metropolitan Opera House in New York City was almost completely destroyed by a bomb secretly placed in a box of fake mustaches, b…
On September 11, 2016, Home Store sells a mower for $530 with a one-year warrant
On September 11, 2016, Home Store sells a mower for $530 with a one-year warranty that covers parts. Warranty expense is estimated at 7% of sales. On July 24, 2017, the mower is b…
On September 12, 2002, national television showcased Tyco International’s former
On September 12, 2002, national television showcased Tyco International’s former chief executive officer (CEO) L. Dennis Kozlowski and former chief financial officer (CFO) Mark H.…
On September 12, 3,600 shares of Aspen Company were acquired at a price of $57 p
On September 12, 3,600 shares of Aspen Company were acquired at a price of $57 per share plus a $180 brokerage commission. On October 15, a $1.2-per-share dividend was received on…
On September 12, Cheyenne Company agreed to an exchange of assets with another c
On September 12, Cheyenne Company agreed to an exchange of assets with another company. Cheyenne gave up a machine with an original cost of $50,100. $30,500 in accumulated depreci…
On September 12, Jody Jansen went to Sunshine Bank to borrow $2,100 at 6% intere
On September 12, Jody Jansen went to Sunshine Bank to borrow $2,100 at 6% interest. Jody plans to repay the loan on January 27. Assume the loan is on ordinary interest. (Use Days …
On September 12, Jody Jansen went to Sunshine Bank to borrow $2,200 at 7% intere
On September 12, Jody Jansen went to Sunshine Bank to borrow $2,200 at 7% interest. Jody plans to repay the loan on January 27. Kelly O’Brien met Jody Jansen at Sunshine Bank and …
On September 12, Jody Jansen went to Sunshine Bank to borrow $4,300 at 9% intere
On September 12, Jody Jansen went to Sunshine Bank to borrow $4,300 at 9% interest. Jody plans to repay the loan on January 27. Assume the loan is on ordinary interest. (Use Days …
On September 12, Vander Company, Inc. sold merchandise in the amount of $5,800 t
On September 12, Vander Company, Inc. sold merchandise in the amount of $5,800 to Jepson Company, with credit terms of 2/10, n/30. The cost of the items sold is $4,000. Vander use…
On September 12, Vander Company, Inc. sold merchandise in the amount of $5,800 t
On September 12, Vander Company, Inc. sold merchandise in the amount of $5,800 to Jepson Company on credit with terms of 2/10, n/30. The cost of the items sold is $4,000. Vander u…
On September 12, Vander Company, Inc. sold merchandise in the amount of $5,800 t
On September 12, Vander Company, Inc. sold merchandise in the amount of $5,800 to Jepson Company on credit with terms of 2/10, n/30. The cost of the items sold is $4,000. Vander u…
On September 13, 2009, the S&P 500 Index futures settlement price was 1016.70 fo
On September 13, 2009, the S&P 500 Index futures settlement price was 1016.70 for December 2009 delivery contract. The actual S&P 500 index (spot market) was closed at 100…
On September 14th, 20x8, Mario Ltd. purchased equipment costing $46952. The comp
On September 14th, 20x8, Mario Ltd. purchased equipment costing $46952. The company paid a portion in cash and signed a note payable for the remaining amount. Mario Ltd. also purc…
On September 15, 2008, financial services firm Lehman Brothers filed for bankrup
On September 15, 2008, financial services firm Lehman Brothers filed for bankruptcy with the U.S. Bankruptcy Court in the Southern District of New York. 95 That action–the largest…
On September 15, 2013 the Scottie Company board of directors declared a 10% stoc
On September 15, 2013 the Scottie Company board of directors declared a 10% stock dividend on common shares. The shares are to be distributed on October 10, 2013 to shareholders o…
On September 15, 2016, the Scottie Company board of directors declared a 10% sto
On September 15, 2016, the Scottie Company board of directors declared a 10% stock dividend on common shares. The shares are to be distributed on October 10, 2016, to shareholders…
On September 15, 2016, the Scottie Company board of directors declared a 10% sto
On September 15, 2016, the Scottie Company board of directors declared a 10% stock dividend on common shares. The shares are to be distributed on October 10, 2016, to shareholders…
On September 15, 2017, Cullumber Camping Limited, the lessee, entered into a 20-
On September 15, 2017, Cullumber Camping Limited, the lessee, entered into a 20-year lease with Sullivan Corp. to rent a parcel of land at a rate of $30,480 per year. Both Cullumb…
On September 15,20X2, Wall Company , a U.S. firm, purchased a piece of equipment
On September 15,20X2, Wall Company , a U.S. firm, purchased a piece of equipment from a foreign firm for 500,000 in foreign currency. Payment for the equipment was to be made in f…
On September 17, 2018, Ziltech, Inc., entered into an agreement to sell one of i
On September 17, 2018, Ziltech, Inc., entered into an agreement to sell one of its divisions that qualifies as a component of the entity according to generally accepted accounting…
On September 18, 2003, huricane Isabel struck several days prior to reaching lan
On September 18, 2003, huricane Isabel struck several days prior to reaching land the National Hurricane Center had been predicting the hurricane would come on shore between Cape …
On September 18, 2003, hurricane Isabel struck the North Carolina Coast, causing
On September 18, 2003, hurricane Isabel struck the North Carolina Coast, causing extensive damage. For several days prior to reaching land the National Hurricane Center had been p…
On September 18, 2003, hurricane Isabel struck the North Carolina Coast, causing
On September 18, 2003, hurricane Isabel struck the North Carolina Coast, causing extensive damage. For several days prior to reaching land the National Hurricane Center had been p…
On September 18, 2003, hurricane Isabel struck the North Carolina Coast, causing
On September 18, 2003, hurricane Isabel struck the North Carolina Coast, causing extensive damage. For several days prior to reaching land the National Hurricane Center had been p…
On September 18, 2003, hurricane Isabel struck the North Carolina Coast, causing
On September 18, 2003, hurricane Isabel struck the North Carolina Coast, causing extensive damage. For several days prior to reaching land the National Hurricane Center had been p…