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on december 1 of the current year jordan inc assigns 125000 of its accounts receivable to mclaughlin company for cash
refer to re7-6 on april 23 year 2 mckinney amp co receives a check from mangold corporation for 8500prepare the journal
questionprimary task response within the discussion board area write 300-500 words that respond to the following
on december 1 newton enterprises sells 100000 of accounts receivable to a factor receives 85 of the value of the
kaseys cake shop made 20000 in sales of wedding cakes in july all of these sales were on bank credit cardsthe credit
on june 1 phillips corporation discounts a 15000 note from a customer at its bank the note has a maturity value of
at the end of april meyer company had a 7890 balance in its cash account while its bank statement for april showed an
on december 8 2010 lynch incorporated sold 9000 of merchandise with terms 210 neom on december 18 2010 collections were
at january 1 2010 the credit balance in the allowance for doubtful accounts of the master company was 400000 for 2010
on december 11 2010 the hooper bank loans a customer 12000 on a 60 day 12 noterequiredprepare the journal entries
in 2011 three years after it began operations the pearce corporation decided to change from the direct write off method
the june 30 2009 balance sheet of the upham company included the following informationthe company is contingently
the 2011 audit of the accounting records of the lane company discloses the following informationnbsprequired1
from inception of operations to december 31 2009 harris corporation provided for uncollectible accounts receivable
wolverine world wide inc prides itself as being the worlds leading marketer of u s branded non-athletic footwear the
the december 31 2009 balance sheet of the blackmon corporation disclosed the following information relating to its
the following summarized data were provided by the records of mystery incorporated for the year ended december
the gap inc is a specialty retailer that operates stores selling clothes under the trade names gap banana republic and
cycle wholesaling sells merchandise on credit terms of 210 n30 a sale for 800 cost of goods sold of 500 was made to
on december 31 2010 carme company had significant amounts of accounts receivable as a result of credit sales to its
the following transactions were selected from among those completed by bears retail storenov 20 sold two items of
list the acceptable cost flow assumptions under ifrs be sure to explain the reasoning as to why ifrs find certain cost
the following transactions were selected from the records of evergreen companyjuly 12 sold merchandise to wally butler
on december 31 pitts manufacturing company reports the following assetsnbspwhat is the total amount of pitts
on january 1 pope enterprises inventory was 550000 pope made 880000 of net purchases during the yearon its year end