On july 1, 2018, ellsbury inc. entered into a contract to deliver one of its specialty machines to kickapoo landscaping co. the contract requires kickapoo to pay the contract price of $3,000 in advance on july 15, 2018. kickapoo pays ellsbury on july 15, 2018, and ellsbury delivers the machine (with cost of $1,900) on july 31, 2018. instructions(a) prepare the journal entry on july 1, 2018, for ellsbury.(b) prepare the journal entry on july 15, 2018, for ellsbury.(c) prepare the journal entry on july 31, 2018, for ellsbury.
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Selected data for stickβs design are given as of december 31, year 1 and year 2 (rounded to the nearest hundredth). year 2 year 1 net credit sales $25,000 $30,000 cost of goods sold 16,000 18,000 net income 2,000 2,800 cash 5,000 900 accounts receivable 3,000 2,000 inventory 2,000 3,600 current liabilities 6,000 5,000 compute the following: 1. current ratio for year 2 2. acid-test ratio for year 2 3. accounts receivable turnover for year 2 4. average collection period for year 2 5. inventory turnover for year 2
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Alinguist had a gross income of 53,350 last year. if 17.9% of his income got witheld for federal income tax, how much of the linguist's pay got witheld for federal income tax last year?
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On july 1, 2018, ellsbury inc. entered into a contract to deliver one of its specialty machines to k...
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