Dominic Company borrowed $26,000 by signing a 180-day promissory note at 6%. The total to be paid at maturity of the note is:

Calabrese Company reported the following purchases and sales of its only product. Calabrese uses a perpetual inventory system. Determine the cost assigned to cost of goods sold using LIFO.   Date Activities Units Acquired at Cost Units Sold at Retail May 1 Beginning Inventory 180 units @ $13   May 5 Purchase 235 units @ $15   May 10 Sales   155 units @ $23 May 15 Purchase 115 units @ $16   May 24 Sales   105 units @ $24

Feston Company purchased $1,800 of merchandise on July 5 with terms 2/10, n/30. On July 7, it returned $200 worth of merchandise. On July 28, it paid the full amount due. Assuming Feston uses a perpetual inventory system, the correct journal entry to record the merchandise return on July 7 is:

On November 1, Witt Company signed a 120-day, 10% note payable, with a face value of $21,000. Witt made the appropriate year-end accrual. What is the journal entry as of March 1 to record the payment? Note: Use 360 days a year.

David Baldwin is an employee who is paid monthly. For the month of January of the current year, he earned a total of $4,540. The FICA tax for social security is 6.2% of the first $160,200 earned each calendar year, and the FICA tax rate for Medicare is 1.45% of all earnings for both the employee and the employer. The amount of federal income tax withheld from his earnings was $680.70. His net pay for the month is:

Geraci’s accepts all major bank credit cards, including those issued by Parkway Bank (PB), which assesses a 3.0% charge on sales for using its card. On June 28, Geraci’s had $6,000 in Parkway Bank (PB) Card credit sales. What entry should Geraci’s make on June 28 to record the deposit?

On September 15, Oakton Company sold merchandise in the amount of $7,800 to Dempster Company, with credit terms of 2/10, n/30. The cost of the items sold is $4,500. Oakton uses the perpetual inventory system. The journal entry or entries Oakton will make on September 15 is:

A company discarded an old computer system originally purchased for $8,950. The accumulated depreciation was $6,250. The company should recognize a(an):

Bullseye Company purchased property for $100,000. The property included a building, a parking lot, and land. The building was appraised at $59,500; the land at $47,000, and the parking lot at $18,500. Land should be recorded in the accounting records with an allocated cost of:

Increases in equity that result from providing products or services to customers are called: