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V2.cengagenow.com Dashboard CengageNOWV2 Online teaching and learning resource from ce Book Show Me How Calculator Print...

a.

AccountDrCrRemarks
Cash $4,820 Since Cash was credited wrongly before instead of debit, we are debiting Cash at ($2,410 x 2)
Accounts Receivable $2,410 As cash was received on account
Fees Earned $2,410 Effectively to reverse the previous wrong debit made to Fees earned account

b.

AccountDrCrRemarks
Accounts Payable $790 Reversal of original entry
Supplies Expense $790 Reversal of original entry
Supplies Expense $790 Correct Entry
Cash $790 Correct Entry

Note: As easy method to remember when making cash entries is: "Debit what comes in, Credit what goes out". This simple method helps to easily identify the debit and credit to be made in a cash entry.

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Intermediate Accounting + Cengagenow V2, 2 Terms - 12 Months Access Card

Description

Your students save money by purchasing this bundle which includes Wahlen/Jones/Pagach's Intermediate Accounting: Reporting and Analysis, 2017 Update, 2nd Edition, and access to CengageNOWÂv2. With its engaging learning and assessment tools, CengageNOWÂv2 supports the entire student workflow, from motivation to mastery. For instructors, CengageNOW provides control and customization with the opportunity to tailor the learning experience to improve outcomes.
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Product details

  • Mixed media product
  • 26 May 2016
  • CENGAGE LEARNING
  • South-Western Pub
  • English
  • Updated
  • 1337368423
  • 9781337368421

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V2.cengagenow.com Course Homepage-79574.201940 CengageNOWv2 | Online teaching and learning resource from Cengage Le Calculator Print Item Equivalent Units of Production: Average Cost Method The Converting Department of Tender Soft Tissue Company uses the average cost method and had 3,800 units in work in process that were 70% complete at the beginning of the period. During the period, 47,900 units were completed and transferred to the Packing Department. There were 2,100 units in process that were 20% complete at the end of the period. a. Determine the number of whole units to be accounted for and to be assigned costs for the period. units b. Determine the number of equivalent units of production for the period. units

V2.cengagenow.com Course Homepage-79574.201940 CengageNOWv2 | Online teaching and learning resource from Cengage Le Calculator Print Item Equivalent Units of Production: Average Cost Method The Converting Department of Tender Soft Tissue Company uses the average cost method and had 3,800 units in work in process that were 70% complete at the beginning of the period. During the period, 47,900 units were completed and transferred to the Packing Department. There were 2,100 units in process that were 20% complete at the end of the period. a. Determine the number of whole units to be accounted for and to be assigned costs for the period. units b. Determine the number of equivalent units of production for the period. units

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