If a company reports on a cash basis and received a deposit from a customer in one year, but it .... ... read on

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On July 1, we sold $735 worth of goods to Lennon Goods plus $53.50 worth of sales tax with payment .... ... read on

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What are the journal entries to book $1,000,000 in common stock that is newly issued? ... read on

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Do transferred-in costs include beginning inventories? ... read on

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If I buy land for 22,000 and have 18,000 in assets, what happens to my books? How do I .... ... read on

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What is the proper way to take an asset off the books? ... read on

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In the general ledger, how do I treat employees who are also customers? ... read on

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In posting to the income statement, how would I handle the entry that states (loss from expropriation of overseas plant .... ... read on

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How do you make a short journal entry to close the Fees Earned: $100 and Rent Revenue: $25 accounts on .... ... read on

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How do I record when I receive a check for a job we did? Would I debit our cash and .... ... read on

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