Explore the 1,000’s of tax questions answered by professionals.

In the general ledger, how do I treat employees who are also customers? ... read on

In posting to the income statement, how would I handle the entry that states (loss from expropriation of overseas plant .... ... read on

How do you make a short journal entry to close the Fees Earned: $100 and Rent Revenue: $25 accounts on .... ... read on

How do I record when I receive a check for a job we did? Would I debit our cash and .... ... read on

When a client takes advantage of prompt pay 2% cash discount, how is it shown in a T-account? Also, .... ... read on

An owner brought a new car that he financed $13,000 with a 12% interest rate and put down a payment .... ... read on

How do I book a journal entry for direct labor cost incurred $49,000 and indirect labor cost incurred $21,000? ... read on

How do you record a retired bond on the company's financial statements? ... read on

If I purchased supplies and did not use them all and need to record the value of the leftover supplies .... ... read on

A company sells equipment with a carrying value of $10,000 for $7,000. Where and for what amounts would this .... ... read on