| | Final Project ACC-101 | | Comprehensive Problem 2 Guitar Universe‚ Inc. P388 GUITAR UNIVERSER‚ INC. | Trial Balance | December 31‚2009 | Cash | $45‚000 | | Marketable securities | $25‚000 | | Accounts receivable | $125‚000 | | Allowance for doubtful accounts | | $5‚000 | Merchandise inventory | $250‚000 | | Office Supplies | $1‚200 | | Prepaid insurance | $6‚600 | | Building and fixtures | $1‚791‚000 | | Accumulated depreciation |
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Financial Report ACC290 March 22‚ 2012 Financial Report for Office Depot‚ Inc. During In the year 2011‚ in the financial report ending December 31‚ 2011‚ Office Depot Incorporated reported a decrease in the accounts payable of the company; showing that the amounts went from 1‚080‚276 on December 25‚ 2010 down to 993.636 on December 31‚ 2011. The amount shown previously are in USD currency and in thousands‚ unless otherwise is specified in the financial statement. Some of the previous
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Panera Bread Company 2012 Annual Report to Stockholders April 18‚ 2013 Dear Stockholder‚ For years now‚ you have heard us say that the real test of a company is its ability to generate shareholder value over the long-term. With that said‚ we realize that a management team’s credibility is built by delivering results year-over-year‚ quarter-by-quarter. Thus‚ we are pleased to report that 2012 was another extraordinary year for Panera. We’re proud to have exceeded our earnings targets in
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Sporting Goods $5‚000 for additional recreational equipment. (f) December 31‚ 20XX—Received fees from parents in the amount of $40‚000. (g) December 31‚ 20XX—To account for $1‚750 in fees from parents earned in the first six months of operations‚ but collected in the second six months. (h) December 31‚ 20XX—To account for $3‚000 in parent fees earned in the second six months of operations‚ but not yet collected. (i) December 31‚ 20XX—To account for expenses (John’s Deli) in the amount of $1
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Problem no.1 In connection with the audit of the PAKYO COMPANY for the year ended December 31‚ 2010 you are called upon to verify the accounts payable transactions. You find that the company does not make use of a voucher register but enters all merchandise purchases in a Purchases Journal‚ from which posting are made to a subsidiary accounts payable ledger. The subsidiary ledger balance of P1‚500‚000 as of December 31‚ 2010 agrees with the accounts payable balance in the company’s general ledger
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Chapter 05 Consolidation of Less-than-Wholly Owned Subsidiaries Multiple Choice Questions Bristle Corporation acquired 75 percent of Silver Corporation’s common stock on December 31‚ 2008‚ for $300‚000. The fair value of the noncontrolling interest at that date was determined to be $100‚000. Silver’s balance sheet immediately before the combination reflected the following balances: A careful review of the fair value of Silver’s assets and liabilities indicated that inventory‚ land
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available for reconciling the Bank Statement of Texaco Company on December 31‚ 2000. (1) Cash account in ledger on 31 December should a balance of tk 12‚761.96. The Bank Statement on the same day indicated a balance of tk 9‚734.70. (2) Cash receipts of 31 December worth tk5.846.220 has been mailed to the bank on that date but did not appear among the deposits in the bank statement. (3) The paid cheque returned with the December Bank Statement disclosed two errors in the company‚ cash records cheque
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Steven Berg Hist139 mw 09/15/2014 The Darr Mine Explosion of December 19‚ 1907 1907 was the worst year in the history of America for coal miner; over 3‚200 men lost their lives. Coal fueled the Industrial Age‚ and Pennsylvania produced the majority of it; producing over 100 million tons. Sadly‚ it also made the lives of coal miners and their families very hard. Miners were usually immigrant men and boys. The month of December saw three major explosions rock Pennsylvania and West Virginia.
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ahead. Part A: Case Question 20 marks Brushstroke Art Studio Company provides quality instruction to aspiring artists. The Business adjusts its accounts monthly‚ but performs closing entries annually on December 31. Given below is the studio’s unadjusted trial balance dated December 31‚ 2011. Brushstroke Art Studio Company | Unadjusted
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purchased locally by branch 40‚000 Inventory‚ December 31 of which P 7‚000 are of local purchase 28‚000 Net sales for the month 180‚000 How much was the branch inventory at cost and the gross profit of the branch as far as the home office is concerned? 3. On December 31‚ 2012‚ the Investment in Branch account on the home office’s books has a balance of P 102‚000. In analyzing the activity in each of these accounts for December‚ you find the following differences: 1. A P
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