Prepare transaction and record the payment in journal
Receive Brokerage advice from Edwards Jones for purchase of 500 shares of Microsoft at $49.20 per share plus $400 broker's commission. Prepare transaction and record the payment in journal and ledgers.
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You are a senior manager at Entergy Corporation. All senior managers and the board of directors are scheduled to meet next week to discuss some questionable manipulations of earnings that were found by the outside independent auditors.
The assets were sold for $260,000, and the liabilities were paid. Mandy has no other assets and will not be able to cover any deficits in her Capital account.How will the ending cash balance be distributed to the partners?
Fancy Furniture produced a batch of 2,000 coffee tables at a cost of $355,000. It was discovered that the entire batch was finished improperly.
The Nazareth Company's mixing department incurred conversions costs of $650,820 during January, after recording a beginning Work in Process inventory of $30,430 for conversion costs.
Department Alpha had no beginning inventory. The department added direct materials of $100,000 and conversion costs of $150,000 during the month of July. Materials are added at the beginning of the process.
An investor sells short 200 shares of stock at $15 per share. The initial margin requirement is 60%. The investor earns no interest on funds in the margin account and no dividends are paid.
Ranger Glass Company manufactures glass for French doors. At the start of May, 2,000 units were in-process. During May, 11,000 units were completed and 3,000.
Compute the equivalent units of production for the first department for April, assuming the company uses the weighted-average method of accounting for units and costs.
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