Mijka Company was started on January 1, 2018. During 2018, the company experienced the following three accounting events: (1) earned cash revenues of $32,800, (2) paid cash expenses of $14,600, and (3) paid a $2,900 cash dividend to its stockholders.
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On january 1st, 2014, brenner company purchased at face value, a $1,000, 6% bond that pays interest on january 1st and july 1st. brenner company has a calendar year end. the entry for the receipt of interest on july 1st, 2014, is
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April 30 May 31 Inventories Raw materials $ 49,000 $ 43,000 Work in process 9,900 21,000 Finished goods 52,000 34,000 Activities and information for May Raw materials purchases (paid with cash) 193,000 Factory payroll (paid with cash) 300,000
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