J1 Date Account Titles and Explanation Ref. Debit Credit 2014 Cash 101 20‚000 May. 1 Common stock 311 20‚000 (Issued shares of stock for cash) 3 Supplies 126 1‚500 Accounts Payable 201 1‚500 (Purchased supplies on account
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Mariah Carey’s Career Mariah Carey is an American singer‚ songwriter‚ record producer‚ and actress with an amazing career. She is one of the most popular pop singers of America. Mariah Carey was born in Long Island‚ New York‚ on March 27‚ 1969. Carey was born to Black and Hispanic father‚ Alfred Carey and Irish opera singer and voice coach mother Patricia Hickey. She has had more number one singles then Elvis and some people say she is the best singer ever. At the age of three she started singing
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Income | • New Accounts on the Income Statement o SALES – revenues collected from the sale of merchandise o COST OF MERCHANDISE SOLD – the purchase price plus incidentals of merchandise available for resale o GROSS PROFIT – Sales – COMS INCOME STATEMENT Gem City Music Income Statement For the Year Ended December 31‚ 20— Revenue from sales: Sales $189‚300
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William Carey A Missionary Who Transformed a Nation When Englishman William Carey (1761–1834) arrived in India in 1793‚ it marked a major milestone in the history of Christian missions and in the history of India. Carey established the Serampore Mission—the first modern Protestant mission in the non-English-speaking world—near Calcutta on January 10‚ 1800.1 From this base‚ he labored for nearly a quarter century to spread the gospel throughout the land. In the end his triumph was spectacular
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Differentiate among the current account‚ balance of trade and balance of payments. Current account is the net profits that a country gain from its export and imports of goods and services‚ earning from foreign investment also the included the profits from transfer of payments. Current account is important because it includes all international merchandise trade and service accounts‚ that is‚ accounts for the value of all merchandise and services imported and exported and all receipts and payments
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On September 1‚ the balance of the Accounts Receivable control account in the general ledger of Montgomery Company was $10‚960. The customers’ subsidiary ledger contained account balances as follows: Hurley $1‚440‚ Andino $2‚640‚ Fowler $2‚060 and Sogard $4‚820. At the end of September‚ the various journals contained the following information. Sales journal: Sales to Sogard $800‚ to Hurley $1‚260‚ to Giambi $1‚330‚ and to Fowler $1‚600. Cash receipts journal: Cash received from Fowler $1‚310‚ from
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identification no. 89-3456798) was formed ten years ago as a general partnership to custom tailor men’s clothing. Dapper-Dons is located at 123 Flamingo Drive in Miami‚ Florida 33131. Bob Dapper (Social Security No. 654-32-1098) manages the business and has a 40% capital and profits interest. His address is 709 Brumby Way‚ Miami‚ Florida 33131. Jeremy Dons (Social Security No. 354-12-6531) owns the remaining 60% interest but is not active in the business. His address is 807 9th Avenue‚ North Miami‚
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stated that when a Trial Balance balances‚ it means the accounts are free of errors. I disagree with the statement. There may still be errors even if the trial balance is balances. There are six types of errors. The first type of error is the “error of omission” and the word omission mean left out. Its mean that a transaction is not recorded in the books of original entry‚ which mean both the debit and credit effects of the transaction are not shown in the Trial Balance. For example‚ a transaction
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The transactions completed by Franklin Company during January‚ its first month of operations‚ are listed below. Assume that Franklin Company uses the following journals: Cash Receipts (CR)‚ Cash Payments (CP)‚ Revenue (R)‚ Purchases (P)‚ and General (G). Assume that it uses Accounts Receivable and Accounts Payable Subsidiary Ledgers as well as a General Ledger. Indicate by letters which journal would be used for each transaction. Also indicate if the entry requires a posting to a subsidiary ledger
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Mariah Carey is diva. Her hits have spanned two decades and have broken records long held by music heavyweights like the Beatles and one Elvis Presley. Her concerts have grown exponentially and she consistenly sells out venues across the globe. Her success has allowed her to throw millions and millions of dollars around as if it were petty cash. But she insists‚ she’s still just a girl from New York. Mariah grew up on Long Island‚ daughter to hard working parents. Her father Alfred Roy‚ half Venezuelan
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