Equipment was purchased on January 1, 2017 for a cost of $240,000. On January 1, 2018, the balance of accumulated depreciation was $48,000. Six months later on July 1, 2018, the company decided to sell the equipment when the balance of accumulated depreciation was $72,000. The equipment sold at a price of $170,000. The journal entry to record this sale would

Thomas LLC has the following accounting records in 2021:                                  Sales revenue          26,250      Beginning Inventory          10,888      Purchases          11,008      Ending Inventory (at weighted average cost)          10,269                                     Thomas earned a gross profit and experienced a gross margin percent, respectively, of:                            

Cash and cash equivalents include:  

On a bank reconciliation, which of the following would be deducted from the balance per book?

A company has net credit sales of $5,000,000, cost of goods sold of $3,890,000, a beginning balance of net receivables of $1,245,000, and an ending balance of net receivables of $1,417,000. What is the company’s Days’ Sales Outstanding (rounded)?  

Which of the following are responsible for 80% of the increase in meat and egg bird performance over the past 50+ years in the US poultry industry?

In 2020, it is expected that the US alone will produce 9 [answer1] broilers and 9 [answer2] dozen eggs. 

Table egg farms make up less than 5% of the poultry farms in the US.

Muscle myopathies in the poultry industry are not a concern since they happen infrequently and do not cost the industry much in production and sales. 

Which of the following are responsible for 80% of the increase in meat and egg bird performance over the past 50+ years in the US poultry industry?