What is the journal entry to record the sale
Addison Inc. made a 20,000 sale on account with the following terms: 2/10, n/30. If the company uses the net method to record sales made on credit, what is the journal entry to record the sale?
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Total cash dividends of $8,000 were declared and paid. Therefore, the total amount received for the capital stock issued by the company was?
For August McGuire manufactering estimated sales revenue at $200,000. It pays sales comissions that are 4% of sales. The sales managers salary is $95,000, estimated shipping expenses total 1% of sales.
The articles of partnership for A-B partnership provide for a salary allowance of $5,000 per month for partner B, with the balance of net income to be divided equally.
DCL Industries purchased a supply of mechanical components from E Corporation on November 1, 2011. In payment for the $48,000 purchase, DCL issued a 1-year installment note to be paid in equal monthly payments at the end of each month.
On January 1, 2013, Bishop Company issued 10% bonds dated January 1, 2013, with a face amount of $20 million. The bonds mature in 2022 (10 years).
Based on this information, what type of adjusting entries does the Ritz Manor have? How are the amounts of these adjustments determined?
In the first half of the year $4,120,000 was collected for the County General Fund, $3,456,000 for the Town and $4,608,000 for the School District.
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