The following information pertains to kingbird solar panels, inc.
july
1 sold $120,000 of solar panels to blossom company with terms 2/15, n/30. kingbird uses the gross method to record cash discounts. kingbird estimates allowances of $1,500 will be honored on this sale.
12 sold $80,000 of solar panels to ayayai corp. with terms of 3/10, n/60. kingbird expects no allowances related to this sale.
18 ayayai corp. paid kingbird for its july 12 purchase.
20 blossom calls to indicate that the panels purchased on july 1 work well, but the color is not quite right. kingbird grants a credit of $2,000 as compensation.
29 blossom company paid kingbird for its july 1 purchase.
31 kingbird expects allowances of $4,380 to be grated in the future related to solar panel sales in july.
prepare the necessary journal entries for kingbird.

Actual usage for the year by the marketing department was 70,000 copies and by the operations department was 330,000 copies. if a dual-rate cost-allocation method is used, what amount of copying facility costs will be budgeted for the operations department?

Which of the following is an example of a production quota? a. the government sets an upper limit on the quantity that each dairy farmer can produce. b. the government sets a price floor in the market for dairy products. c. the government sets a lower limit on the quantity that each dairy farmer can produce. d. the government guarantees to buy a specified quantity of dairy products from farmers.

Nell and kirby are in the process of negotiating their divorce agreement. what should be the tax consequences to nell and kirby if the following, considered individually, became part of the agreement? a. in consideration for her one-half interest in their personal residence, kirby will transfer to nell stock with a value of $200,000 and $50,000 of cash. kirby's cost of the stock was $150,000, and the value of the personal residence is $500,000. they purchased the residence three years ago for $300,000.nell's basis for the stock is $ xkirby's basis in the house is $ xb. nell will receive $1,000 per month for 120 months. if she dies before receiving all 120 payments, the remaining payments will be made to her estate.the payments (qualify, do not qualify) as alimony and are (included in, excluded from) nell's gross income as they are received.c. nell is to have custody of their 12-year-old son, bobby. she is to receive $1,200 per month until bobby (1) dies or (2) attains age 21 (whichever occurs first). after either of these events occurs, nell will receive only $300 per month for the remainder of her life.$ x per month is alimony that is (included in, excluded from) nell's gross income, and the remaining $ x per month is considered (child support, property settlement) and is (nontaxable, taxable) to nell.