ACC 304 Week 7 Chapter 13 Homework
b. Acquisition of R & D equipment for use on a current project only c. Cost of marketing research for a new product
d. Engineering activity required to advance the design of a product to the manufacturing stage
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ACC 304 Week 7 Chapter 13 Homework
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ACC 304 Week 7 Chapter 13 Homework
1) Takemoto Corporation borrowed $ 64,850 on November 1, 2014, by signing a $ 68,450, 3-month, zero-interest-bearing note. Prepare Takemoto’ s November 1, 2014, entry; the December 31, 2014, annual adjusting entry; and the February 1, 2015, entry.( If no entry is required, select " No Entry " for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
2) Kasten Inc. provides paid vacations to its employees. At December 31, 2014, 36 employees have each earned 2 weeks of vacation time. The employees’ average salary is $ 513 per week. Prepare Kasten’ s December 31, 2014, adjusting entry.( If no entry is required, select " No Entry " for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)