American chip corporation’s reporting year-end is december 31. the following is a partial adjusted trial balance as of december 31, 2021. account title debits credits retained earnings 81,000 sales revenue 760,000 interest revenue 3,500 cost of goods sold 425,000 salaries expense 110,000 rent expense 16,000 depreciation expense 31,000 interest expense 5,100 insurance expense 6,100 required: prepare the necessary closing entries at december 31, 2021. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)
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Business, 21.06.2019 15:30
Jen heard that the bank where she kept her money was going to close for good. jen said she wasn't worried
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Business, 21.06.2019 15:50
Which one of the following is never part of recording the requisition and issuance of raw materials in a job order cost system? debit finished goods inventory debit manufacturing overhead credit raw materials inventory debit work in process
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Business, 22.06.2019 19:50
Which of the following would create the most money? the initial deposit is $6,500 and the required reserve ratio is 20 percent. the initial deposit is $3,000 and the required reserve ratio is 10 percent. the initial deposit is $7,500 and the required reserve ratio is 25 percent. the initial deposit is $4,500 and the required reserve ratio is 15 percent.
Answers: 1
Business, 22.06.2019 21:40
Western electric has 32,000 shares of common stock outstanding at a price per share of $79 and a rate of return of 13.00 percent. the firm has 7,300 shares of 7.80 percent preferred stock outstanding at a price of $95.00 per share. the preferred stock has a par value of $100. the outstanding debt has a total face value of $404,000 and currently sells for 111 percent of face. the yield to maturity on the debt is 8.08 percent. what is the firm's weighted average cost of capital if the tax rate is 39 percent?
Answers: 2
American chip corporation’s reporting year-end is december 31. the following is a partial adjusted t...
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