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Mekhanik [1.2K]
3 years ago
12

A physical inventory of Liverpool Company taken at December 31 reveals the following.

Business
1 answer:
zubka84 [21]3 years ago
8 0

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

Download xlsx
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I need help with this question if someone could please help me.
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Zach is a salesperson at a large medical supply company. the company wants zach to learn to manage multiple departments, so it o
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Answer: Payment for Knowledge

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Due to the continuous updates and improvement  in the world technology relating to  businesses,  Most Organisations are willing to pay for training   thier employees  off the job so to cope up with those changes, improve the  working conditions, and enhance their knowledge.

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During 2019, Stephie worked full-time while her spouse, Tom, attended college for 8 months during the year. The couple has two c
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The credit for child and dependent care expenses that Stephie and Tom can claim for 2019 is $6,000.

<h3>What is the credit for child and dependent care expenses?</h3>

The credit for child and dependent care expenses claimable on the federal income tax return is $3,000 per child for 2019.

For two qualifying children, the maximum credit for child and dependent care expenses that the couple who are filing jointly can claim is $6,000 ($3,000 x 2).

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2 years ago
On February 1st, your accrual based company incurs $500.00 for services. On February 25th, your company pays $300.00 towards the
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                                              Debit                Credit

Feb 1
Services                                500
           Accounts Payable                               500

Feb 25
Accounts Payable               300
          Cash                                                      300

March 5
Accounts Payable               200
          Cash                                                      200

The entries made in March 5th zeroed out the Accounts Payable on the Services bought on account last February 1st.
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