What adjusting entry would the company record on june
Mama's Pizza Shoppe borrowed $8,200 at 12% interest on May 1, 2011, with principal and interest due on October 31, 2012. The company's fiscal year ends June 30, 2011. What adjusting entry would the company record on June 30, 2011?
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On January 1, 2011, Trillini Corporation issued $3,000,000 of 10-year, 8% convertible debentures at 102. Interest is to be paid semiannually on June 30 and December 31.
Budgeted variable overhead for the year is $120,000. Expected activity is 20,000 standard direct labor hours. The actual hours worked were 18,000 and the standard hours allowed for actual production were 19,500. The variable overhead efficiency v
Johnson Inc. is a job-order manufacturing company that uses a predetermined overhead rate based on direct labor hours to apply overhead to individual jobs.
Peggy's Pillows produces and sells a decorative pillow for $75.00 per unit. In the first month of operation, 2,000 units were produced and 1,750 units were sold.
Mama's Pizza Shoppe borrowed $8,200 at 12% interest on May 1, 2011, with principal and interest due on October 31, 2012. The company's fiscal year ends June 30, 2011.
Denny company produces sporting equipment. In 2009, the first year of operations, Denny produced 20,000 units and sold 15,000 units. In 2010, the production and sales results were exactly reversed.
Yummy Foods purchased a two-year fire and extended coverage insurance policy on August 1, 2011, and charged the $2,760 premium to Insurance expense. At its December 31, 2011, year-end, Yummy Foods would record which of the following adjusting entr
Cal Farms reported supplies expense of $1,600,000 this year. The supplies account decreased by $280,000 during the year to an ending balance of $330,000.
Instructions: Using the following data, complete the requirements given below. When you are given amounts to assume as the answers to previous requirements.
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