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property taxes payable-annual adjustmentslexington builders owns property in kaneland county lexingtons 2013 property
interest receivableon june 1 2014 microtel enterprises lends 60000 to maxidriver inc the loan will be repaid in 60 days
interest payable-quarterly adjustmentsglendive takes out a 12 90-day 100000 loan with second state bank on march 1 2014
wages payabledenton corporation employs 50 workers in its plant each employee is paid 10 per hour and works seven hours
concert tickets sold in advancerock n roll produces an outdoor concert festival that runs from june 28 2014 through
subscriptionshorse country living publishes a monthly magazine for which a 12-month subscription costs 30 all
working backward depreciationpolk corp purchased new store fixtures for 55000 on january 31 2012 polk depreciates
depreciationon july 1 2014 dexter corp buys a computer system for 260000 in cash assume that the computer is expected
working backward prepaid insuranceon december 31 2014 baxter company reported 8000 in prepaid insurance on its balance
prepaid rent-quarterly adjustmentson september 1 northhampton industries signed a six-month lease for office space
office suppliessomerville corp purchases office supplies once a month and prepares monthly financial state- ments the
accruals and deferralsfor the following situations indicate whether each involves a deferred expense de a deferred
comparing the income statement and the statement of cash flowson january 1 campus internet connection opened for
closing entriesroyston realty reported the following accounts on its income statementcommissions earned54000travel and
preparation of a statement of retained earnings fromnbsp closing entriesfisher corporation reported a retained earnings
trial balancethe following account titles arranged in alphabetical order are from the records of hadley realty
rent receivablehudson corp has extra space in its warehouse and agrees to rent it out to stillwater company at the rate
interest payablebillings company takes out a 12 90-day 100000 loan with first national bank on march 1 2014required1
costs and expensesthe following costs are incurred by a retailer1 point-of-sale systems in a retail store2
redemption of bondsreynolds corporation issued 75000 face value bonds at a discount of 2500 the bonds contain a call