On January 1, 2019, the ledger of Accardo Company contains the following liability accounts.

The following are selected transactions of Blanco Company. Blanco prepares financial statements quarterly.

Mann Hardware has four employees who are paid on an hourly basis plus time-and-a-half for all hours worked in excess of 40 a week. Payrolll data for the week ended March 15, 2019, are presented below.

The following payroll liability accouns are included in the ledger of Harmon Company on January 1, 2019


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For the year ended December 31, 2019, Denkinger Electrical Repair Company reports the following summary payroll data.


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C.S. Lewis Company had the following transactions involving notes payable.


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On June 1, Merando Company borrows $90,000 from First Bank on a 6-month, $90,000, 8% note


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In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales.


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Moreno Company publishes a monthly sports magazine, Fishing Preview, Subscriptions to the magazine cost $20 per year. During November 2019, Moreno sells 15,000 subscriptions beginning with the December issue, Moreno prepares financial statements quarterly and recognizes subscription revenue at the end of the quarter. The company uses the accounts Unearned Subscription Revenue and Subscription Revenue.


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Betancourt Company sells automaticcan openers under a 75-day warranty for defective merchandise, Based on past experience, Betancourt estimates that 3% of the units sold will become defective during the warranty period, Management estimates that the average cost of replacing or repairing a defective unit is $15. The units sold and units defective that occurred during the last 2 months of 2019 are as follows.


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