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7. Acceptance letter You have been asked to speak on "Ethics in the Office" at the next meeting of the International Association of Administrative Profession- als (IAAP). Write a letter to the president of the local chapter of IAAP, Ms.Janet Wolfly, Griffin Corporation, 4832 Gold Mountain Road, Hurst, TX 76053-4832, accepting the invitation. Use the direct approach for this good news letter. Give her the title of your presentation and mention any special equipment you will need, the number of...
Santa Fe Retailing purchased merchandise “as is” (with no returns) from Mesa Wholesalers with credit terms of 3/10, n/60 and an invoice price of $18,400. The merchandise had cost Mesa $12,549. Assume that both buyer and seller use a perpetual inventory system and the gross method. 1. Prepare entries that the buyer records for the (a) purchase, (b) cash payment within the discount period, and (c) cash payment after the discount period.2. Prepare entries that the seller records for the (a) sale, (b) cash collection within the discount period, and (c) cash collection after the...
THIS IS FOR ELEMENTARY ACCOUNTING, NOT financial accouting !!!!! Transactions Record the following transactions using the Accounting Equation Transaction 1. Purchased supplies for $750.00 on account. Transaction 2. Provided services of $8,000.00 to patients on account. Transaction 3. Paid a premium of $3,000.00 for a 3 year insurance policy. Transaction 4. Prepaid insurance expired $1,000.00. Transaction 5. Received $2,000.00 in advance of services yet to be performed. Transaction 6. Supplies used up $500.00. Transaction 7. Sold merchandise on account $20,000.00...
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