Business, 26.12.2019 22:31 carrietaylor234
On the first day of the fiscal year, lisbon co. issued $1,000,000 of 10-year, 7% bonds for $1,050,000, with interest payable semiannually. orange inc. purchased the bonds on the issue date for the issue price. the journal entry to record the amortization of the premium (by the straight-line method) for the year by lisbon co. includes a debit to
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The retained earnings account has a credit balance of $24,650 before closing entries are made. if total revenues for the period are $77,700, total expenses are $56,900, and dividends are $13,050, what is the ending balance in the retained earnings account after all closing entries are made?
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On the first day of the fiscal year, lisbon co. issued $1,000,000 of 10-year, 7% bonds for $1,050,00...
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