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Prepare journal entries to record (a) issuance of the note, (b) accrual of interest at the end of 2017, and (c) payment of the note at maturity. (Assume no reversing entries are made.) Lenny Florita, an unmarried employee, works 50 hours in the week ended January 12.
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Following are Nintendo’s revenue and expense accounts for a recent March 31 fiscal year-end (yen in millions). (Enter answers in millions.) Prepare the company’s closing entries for its revenues and its expenses. Q6. Use the following information to compute profit margin for each separate company a through e .
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Note: Answer for a has two entries 30% of (i) the $6,000 adjustment for Fees Earned has been earned but not billed, and (ii) the other 70% has been earned by performing services that were paid for in advance. Q4. The following is the adjusted trial balance of Wilson Trucking Company.
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