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On December 1, Year 1, Bradley Corporation incurs a 15-year $270,000 mortgage li
On December 1, Year 1, Bradley Corporation incurs a 15-year $270,000 mortgage liability in conjunction with the acquisition of an office building. This mortgage is payable in mont…
On December 1, Year 1, John and Patty Driver formed a corporation called Susqueh
On December 1, Year 1, John and Patty Driver formed a corporation called Susquehanna Equipment Rentals. The new corporation was able to begin operations immediately by purchasing …
On December 1, Year 1, John and Patty Driver formed a corporation called Susqueh
On December 1, Year 1, John and Patty Driver formed a corporation called Susquehanna Equipment Rentals. The new corporation was able to begin operations immediately by purchasing …
On December 1, Year 1, John and Patty Driver formed a corporation called Susqueh
On December 1, Year 1, John and Patty Driver formed a corporation called Susquehanna Equipment Rentals. The new corporation was able to begin operations immediately by purchasing …
On December 1, Year 1, John and Patty Driver formed a corporation called Susqueh
On December 1, Year 1, John and Patty Driver formed a corporation called Susquehanna Equipment Rentals. The new corporation was able to begin operations immediately by purchasing …
On December 1, the Law Office of Blair & Bondurant, sent Shantrel a letter, via
On December 1, the Law Office of Blair & Bondurant, sent Shantrel a letter, via overnight delivery, offering to employ her to review oil and gas related documents related to a…
On December 12, 2014, Customer purchased two pieces of equipment for $105. Selle
On December 12, 2014, Customer purchased two pieces of equipment for $105. Seller delivered Item A on December 13 but doesn’t expect to deliver Item B until the following February…
On December 12, 2016, an investment costing $75,000 was sold for $90,000. The to
On December 12, 2016, an investment costing $75,000 was sold for $90,000. The total of the sale proceeds was credited to the investment account. Required: 1. Prepare the journal e…
On December 12, 2018, an equity investment costing $80,000 was sold for $100,000
On December 12, 2018, an equity investment costing $80,000 was sold for $100,000. The investment was carried in the balance sheet at $75,000, and was accounted for under the equit…
On December 15, 2016 Ralph gave his daughter, Barbara, stock that had an adjuste
On December 15, 2016 Ralph gave his daughter, Barbara, stock that had an adjusted basis to Ralph of $8,000 and a fair market value on the date of the transfer of $6,000). Ralph pa…
On December 15, 2016, Rigsby Sales Co. Sold a tract of land that cost $3,600,000
On December 15, 2016, Rigsby Sales Co. Sold a tract of land that cost $3,600,000 for $5,000,000. Rigsby appropriately uses the installment sales method of accounting for this tran…
On December 15, 2018, Rigsby Sales Co. sold a tract of land that cost $3,700,000
On December 15, 2018, Rigsby Sales Co. sold a tract of land that cost $3,700,000 for $5,000,000. Rigsby appropriately uses the installment sales method of accounting for this tran…
On December 15, 20X1, a corporation accepted delivery of goods for resale which
On December 15, 20X1, a corporation accepted delivery of goods for resale which it purchased on credit. As of December 31, the company had not recorded the transaction, sold the m…
On December 16, 2015, B. Darwin Company recieved $3,600 from S. Dee Company for
On December 16, 2015, B. Darwin Company recieved $3,600 from S. Dee Company for rent of an office owned by B. Darwin Company. The payment covers the period from December 16, 2015 …
On December 17, 2010, Kelly%u2019s business office safe is burglarized. The thef
On December 17, 2010, Kelly%u2019s business office safe is burglarized. The theft is discovered a few days after the burglary. $3,000 cash from the cash registers is stolen. A dia…
On December 17, 2010, Kellys business office safe is burglarized. The theft is d
On December 17, 2010, Kellys business office safe is burglarized. The theft is discovered a few days after the burglary. $3,000 cash from the cash registers is stolen. A diamond n…
On December 17, 2010, Kellys business office safe is burglarized. The theft is d
On December 17, 2010, Kellys business office safe is burglarized. The theft is discovered a few days after the burglary. $3,000 cash from the cash registers is stolen. A diamond n…
On December 18, 2017, Stephanie Corporation acquired 100 percent of a Swiss comp
On December 18, 2017, Stephanie Corporation acquired 100 percent of a Swiss company for 4.0 million Swiss francs (CHF), which is indicative of book and fair value. At the acquisit…
On December 18, Intel receives $243,000 from a customer toward a cash sale of $2
On December 18, Intel receives $243,000 from a customer toward a cash sale of $2.43 million for computer chips to be completed on January 23. The computer chips had a total produc…
On December 1\" organization had a beginning retained earnings balance of $320,0
On December 1" organization had a beginning retained earnings balance of $320,000 on December 1st. Lastly, on December 31, 20 common stock , 2017, James Corporation had common sto…
On December 2, 2018, Eshares, Inc. purchases land. In payment for the land. Esha
On December 2, 2018, Eshares, Inc. purchases land. In payment for the land. Eshares. Inc. issues 10,000 shares of common stock with $10 00 par value. The land has been appraised a…
On December 2, AA Crystal, a manufacturer of crystal products, mailed to Jenny B
On December 2, AA Crystal, a manufacturer of crystal products, mailed to Jenny Baker a letter stating that AA would sell to Baker 50 crystal “A” candlestick holders at $100 per an…
On December 2, a customer signs a contract to buy an equipment and service plan
On December 2, a customer signs a contract to buy an equipment and service plan bundle with cash. The equipment normally sells for $210 and is bundled with an 18-month service pla…
On December 2, a customer signs a contract to buy an equipment and service plan
On December 2, a customer signs a contract to buy an equipment and service plan bundle with cash. The equipment normally sells for $210 and is bundled with an 18-month service pla…
On December 2, a customer signs a contract to buy an equipment and service plan
On December 2, a customer signs a contract to buy an equipment and service plan bundle with cash. The equipment normally sells for $210 and is bundled with an 18-month service pla…
On December 20, 1994 the Nippon Telegraph & Telephone Corporation (NTT) issued ¥
On December 20, 1994 the Nippon Telegraph & Telephone Corporation (NTT) issued ¥1 billion of 10-year debentures due December 20, 2004. The debentures carried a 4 3/4% coupon. …
On December 20, 2013, Jamesway received a $4,100 payment from a customer for ser
On December 20, 2013, Jamesway received a $4,100 payment from a customer for services to be rendered early in 2014. Service revenue was credited. On December 1, 2013, the company …
On December 20, 2015, Jim Cash, one of two partners, contributed inventory with
On December 20, 2015, Jim Cash, one of two partners, contributed inventory with a basis to him of $15,000 and a fair market value of $10,000 to the partnership of which he was a m…
On December 20, 2017, Butanta Company (a U.S. company headquartered in Miami, Fl
On December 20, 2017, Butanta Company (a U.S. company headquartered in Miami, Florida) sold parts to a foreign customer at a price of 90,000 ostras. Payment is received on January…
On December 21, 2012, Zurich Company provided you with the following information
On December 21, 2012, Zurich Company provided you with the following information regarding its trading securities. December 31, 2012 Investments (Trading) Cost Fair Value Unrealiz…
On December 21, 2017, Nash Company provided you with the following information r
On December 21, 2017, Nash Company provided you with the following information regarding its equity investments. December 31, 2017 Investments (Trading) Cost Fair Value Unrealized…
On December 21, 2017, Pearl Company provided you with the following information
On December 21, 2017, Pearl Company provided you with the following information regarding its equity investments. December 31, 2017 Investments (Trading) Cost Fair Value Unrealize…
On December 21, 2017, Stellar Company provided you with the following informatio
On December 21, 2017, Stellar Company provided you with the following information regarding its equity investments. December 31, 2017 Investments (Trading) Cost Fair Value Unreali…
On December 21, 2017, Waterway Company provided you with the following informati
On December 21, 2017, Waterway Company provided you with the following information regarding its equity investments. December 31, 2017 Investments (Trading) Cost Fair Value Unreal…
On December 21, 2018, Cuppie Cakes finished a large catering service and accepte
On December 21, 2018, Cuppie Cakes finished a large catering service and accepted in exchange a promissory note with a face value of $800,000, a due date of December 31, 2021, and…
On December 21, a company borrowed $100,000 from its bank. The loan has an annua
On December 21, a company borrowed $100,000 from its bank. The loan has an annual interest rate of 10%. The first payment on the loam will be due on January 21. The company's acco…
On December 22, 2015, Jim Cash, one of two partners, contributed inventory with
On December 22, 2015, Jim Cash, one of two partners, contributed inventory with a basis to him of $15,000 and a fair market value of $30,000 to the partnership of which he was a m…
On December 26, 2004, an earthquake reaching 9.1 on the Richter scale triggered
On December 26, 2004, an earthquake reaching 9.1 on the Richter scale triggered a series of devastating tsunamis off the coast of Indonesia. They spread throughout the Indian Ocea…
On December 26, 2004, an earthquake reaching 9.1 on the Richter scale triggered
On December 26, 2004, an earthquake reaching 9.1 on the Richter scale triggered a series of devastating tsunamis off the coast of Indonesia. They spread throughout the Indian Ocea…
On December 27, 2010, Glade Company was authorized to issue 250,000 shares of va
On December 27, 2010, Glade Company was authorized to issue 250,000 shares of valu lize stock ces for cash, s (organization and property; 2011 e resulting sheet (Lo.s) Ja. 14 Issu…
On December 27, 2014, Dave Alexander Company purchased the following three equit
On December 27, 2014, Dave Alexander Company purchased the following three equity securities for a trading portfolio: On December 31, 2014, the three securities were still held an…
On December 27, 2014, Dave Alexander Company purchased the following three equit
On December 27, 2014, Dave Alexander Company purchased the following three equity securities for a trading portfolio: On December 31, 2014, the three securities were still held an…
On December 28, 2012 Piedmont Supply Co. ships $155,000 of merchandise by common
On December 28, 2012 Piedmont Supply Co. ships $155,000 of merchandise by common carrier to the Maxwell Company. The terms of the sale are 3/15, n/45, FOB destination. It takes 5 …
On December 28, 2014, Avalon Co. purchased merchandise inventory from Normandy C
On December 28, 2014, Avalon Co. purchased merchandise inventory from Normandy Co. at an invoice price of $35,600 with terms of 2/15/,n/30, F.O.B, shipping point. Normandy prepaid…
On December 28, 2016, Videotech Corporation (VTC) purchased 10 units of a new sa
On December 28, 2016, Videotech Corporation (VTC) purchased 10 units of a new satelite uplink from Tristar Communications for $25,000 each. The terms of each sale were 1/10, n/30.…
On December 28, 2016, Videotech Corporation (VTC) purchased 15 units of a new sa
On December 28, 2016, Videotech Corporation (VTC) purchased 15 units of a new satellite uplink system from Tristar Communications for $26,000 each. The terms of each sale were 1/1…
On December 28, 2018, Videotech Corporation (VTC) purchased 12 units of a new sa
On December 28, 2018, Videotech Corporation (VTC) purchased 12 units of a new satellite uplink system from Tristar Communications for $27,000 each. The terms of each sale were 1/1…
On December 28, 2018, Videotech Corporation (VTC) purchased 15 units of a new sa
On December 28, 2018, Videotech Corporation (VTC) purchased 15 units of a new satellite uplink system from Tristar Communications for $28,000 each. The terms of each sale were 1/1…
On December 28, 2018, Videotech Corporation (VTC) purchased 15 units of a new sa
On December 28, 2018, Videotech Corporation (VTC) purchased 15 units of a new satellite uplink system from Tristar Communications for $28,000 each. The terms of each sale were 1/1…
On December 28, 20X4, Cockscomb, Inc. purchased inventory in anticipation of sta
On December 28, 20X4, Cockscomb, Inc. purchased inventory in anticipation of starting business on January 1, 20X5, the first day of its fiscal year. The inventory has a value of $…