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On december 31, 2020, extreme fitness has adjusted balances of $800,000 in accounts receivable and $55,000 in allowance for doubtful accounts
Minta corporation, is a leading manufacturer of sports apparel, shoes, and equipment The company's 2020 financial statements contain the following information (\$ in millions) Assume that all sales are made on a credit basis What is the amount of gross (total) accounts receivable due from customers at the end of 2020 and 2019
At december 31, 2020, besler corporation had a projected benefit obligation of $560,000, plan assets of $322,000, and prior service cost of $127,000 in accumulated other comprehensive income Determine the pension asset/liability at december 31, 2020. On january 1, 2020, parent company acquired 70 percent of the outstanding voting stock of subsidiary, inc., for a total of $805,000 in cash and other consideration. On march 25,2020 , barr returned 7 tool sets and received a credit to its account
(a) your answer is correct
Prepare journal entries for crane to record (1) the sale on march 10, 2020, (2) the return on march 25, 2020, and (3) any adjusting entries required on march 31, 2020 (when crane prepares financial statements). For each of the three
