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seropon [69]
2 years ago
6

The trial balance for Pioneer Advertising Inc. is shown below.

Business
1 answer:
Vladimir79 [104]2 years ago
7 0

Answer:

                 Adjusting Entries

<u>October 31, 2017</u>

Supplies expense Dr $1600 ($2300-$700)

Supplies Cr $1600

<u>October 31, 2017</u>

Insurance expense Dr $300

Prepaid insurance Cr $300

<u />

<u>October 31, 2017</u>

Depreciation expense Dr $80

Accumulated depreciation Cr $80

<u>October 31, 2017</u>

Unearned Service Revenue Dr $600

Service Revenue Cr $600

<u />

<u>October 31, 2017</u>

Accounts Receivable Dr $300

Service Revenue Cr $300

<u>October 31, 2017</u>

Interest Expense Dr $90

Interest payable Cr $90

<u>October 31, 2017</u>

Salaries and Wages Expense Dr $1200  

Salaries and Wages Payable Cr $1200

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Assume that a company sells customized sweatshirts for $15 per unit. It pays a sales commission of $5 per unit sold. The company
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Answer:

The  The number of sweatshirts the company would need to sell to earn a target profit of $1,710 is closest to <u>570</u> sweatshirts.

Explanation:

This can be calculated as follows:

Selling price per unit = $15

Total cost price per unit = Average unit cost + Sales commission per unit = $7 + $5 = $12

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2 years ago
Newell Rubbermaid Inc. manufactures and markets a broad array of office products, tools and hardware, and home products under a
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Income Taxes Using appropriate headings and subtotals prepare a multiple-step consolidated income statement.

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                Consolidated Income statement

                Particulars                                    Amount

Net Sales                                               $ 5,864. 6

Less: Expenses                                      

Cost of Products sold                         = $ 3,6594.4

           Gross Profit                               = $2,205.2

Less: Operating expenses                            

Selling general, and administrative expenses    $ 1,515.3

Other expenses                                                     $ 432.7

          Operating Income                                   = $ 275

Less: Non-operating expenses

Interest and other non-operating expenses   $ 104.7

 Income before Taxes                                   = 152.5

Less: Income Tax expense                            $ 17.9

 Income after Taxes                                   = $134.6

Less: Loss on sale of Discontinued Operations

(net of income taxes)                                            $9.4

          Net Income                                                   $ 125.2

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Why is it often difficult for a firm to match its strategy to hr deliverables??
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Answer:

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