Storm concert promotions valle home builders actual indirect materials costs $ 22,000 $ 12,500 actual indirect labor costs 46,000 46,500 other overhead costs 17,000 47,000 overhead applied 88,200 105,200 storm concert promotions determine whether overhead is overapplied or underapplied. prepare the journal entry to allocate (close) overapplied or underapplied overhead to cost of goods sold. valle home builders determine whether overhead is overapplied or underapplied. prepare the journal entry to allocate (close) overapplied or underapplied overhead to cost of goods sold.

Following are the transactions for valdez services. the company paid $2,000 cash for payment on a 6-month-old account payable for office supplies. the company paid $1,200 cash for the just completed two-week salary of the receptionist. the company paid $39,000 cash for equipment purchased. the company paid $800 cash for this month’s utilities. the company paid $4,500 cash in dividends to the owner (sole shareholder). examine the above transactions and identify those that create expenses for valdez services. prepare general journal entries to record those transactions that created expenses in the above given order.

Lincoln company has an accounting policy for internal reporting purposes whereby the costs of any research and development projects that are over 70 percent likely to succeed are capitalized and then depreciated over a five-year period with a full year of depreciation in the year of capitalization. in the current year, $400,000 was spent on project one, and it was 55 percent likely to succeed, $600,000 was spent on project two, and it was 65 percent likely to succeed, and $900,000 was spent on project three, and it was 75 percent likely to succeed. in converting the internal financial statements to external financial statements, by how much will net income for the current year have to be reduced? a. $180,000b. $380,000c. $720,000d. $900,000

What are six resources for you decide which type of business to start and how to start it?