Examine the following transactions and identify those that create revenues for Jade Services, a company owned by Mia Jade. Prepare general journal entries to record those revenue transactions and explain why the other transactions did not create revenues. a. Mia Jade invests $38,250 cash in the company. b. The company provided $1,350 of services on […]

“In my opinion, we ought to stop making our own drums and accept that outside supplier’s offer”, said Ahmad, managing director of Mega Forwarding. “At a price of RM16 per drum, we would be paying RM5.40 less than it costs to manufacture the drum in our own plant. Since we use 60,000 drums a year,

Invested $20000 cash in a business .Purchased rainbow golf land for $15000 cash. The price consists of land $12000, shed $ 2,000, and equipment $1000.(make one compound entry)Paid advertising experience of $900.Paid cash $600 for a one year insurance policy .Purchased golf discs and other equipment for $1,050 from stevenson company payable in 30days.Received $1100

A retail company has been reviewing the adequacy of its stock control systems and has identified three products for investigation. The relevant details for the three products are set out below: The management accountant has provided you with the following additional information: i) The gross margin of products A, B and C are 42, 46

Tax Return Problems – formerly Appendix CCorporate Tax Return Problem 1Required: Complete Alvin’s Music Inc.’s (AMI) 2019 Form 1120, Schedule D, and Schedule G (if applicable) using the information provided below. Neither Form 4562 for depreciation nor Form 4797 for the sale of the equipment is required. Include the amount of tax depreciation and the

sathre corporation is an oil well service company that measures its output by the number of wells serviced. The company has provided the following fixed and variable cost estimates that it uses for bu

Benchmark – Researching Audit Issues Case StudyReview the following case and complete the assignment: Springer & Jones, CPAs, LLP, is currently auditing Worldwide Electronics Inc., which manufactures electronic equipment utilized around the world. The audit client purchases in bulk large quantities of various inventories of stock material to produce various specialized parts used in electronic

Use the Balanced Scorecard Template to: Create at least 3 measurable project objectives for each quadrant of the scorecard based on your analysis. Determine targets, timelines, and metrics for each objective. Explain the following in 350-525 words on the Balanced Score Card Template: Why these objectives are appropriate for the project. Why these metrics and

During Heaton Company’s first two years of operations, it reported absorption costing netoperating income as follows: 10Year 1 Year 2Sales (@ $25 per unit). . . . . . . . . . . . . . . . . $1,000,000 $1,250,000Cost of goods sold (@ $18 per unit). . . . . .$ 7,20,000

Potz and Pans, a small gift shop, has current assets of $45,000 (including inventory valued at $30,000) and $9,000 in current liabilities. WannaBees, a specialty clothing store, has current assets of $150,000 (including inventory valued at $125,000) and $85,000 in current liabilities. Both businesses have applied for loans.1. Calculate the current ratio for each company.