(SOLVED) On December 31 Frank Voris Company correctly

made an adjusting
On December 31 Frank Voris Company correctly made an adjusting On December 31, Frank
Voris Company correctly made an adjusting entry to recognize $2,000 of accrued salaries and
wages payable. On January 8 of the next year, total salaries and wages of $3,400 were paid.
Assuming the correct reversing entry […]

On December 31 it was estimated that goodwill of 4 000 000 On December 31, it was estimated
that goodwill of $4,000,000 was impaired. In addition, a patent with an estimated useful
economic life of 15 years was acquired for $900,000 on August 1. Required: A. Journalize the
adjusting entry […]

Oleke Manufacturing received 800 in advance on January 1 from Oleke Manufacturing received
$800 in advance on January 1 from Zinger Company for services to be performed over the next
3 months. If the $800 received from Zinger Company was placed into the Unearned Revenue
account, and Oleke had completed […]

On April 15 2017 construction bids were opened and analyzed On April 15, 2017, construction
bids were opened and analyzed. A bid of $2,100,000 was accepted, and the contract was
awarded for the Elm Street Project. The contract provided for a retained percentage of 5
percent from each progress payment, […]

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On a test of motor coordination the population of average On a test of motor coordination, the
population of average bowlers has a mean score of 24, with a standard deviation of 6. A
random sample of 30 bowlers at Fred’s Bowling Alley has a sample mean of 26. A […]

On a recent holiday evening a sample of 500 drivers On a recent holiday evening, a sample of
500 drivers was stopped by the police. Three hundred were under 30 years of age. A total of
250 were under the influence of alcohol. Of the drivers under 30 years of […]

Ogilvie Corp issued 12 000 shares of no par stock for 40 Ogilvie Corp. issued 12,000 shares of
no-par stock for $40 per share. Ogilvie was authorized to issue 35,000 shares. What effect will
this event have on the company’s financial statements? A. Increase assets by $1,400,000,
increase equity by […]

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