Apple inc. is the number one online music retailer through its itunes music store. apple sells itunes gift cards in $15, $25, and $50 increments. assume apple sells $19.3 million in itunes gift cards in november, and customers redeem $12.3 million of the gift cards in december. and customers redeem $12.7 million of the gift cards.

record the necessary entries in the journal entry worksheet below.

record the receipt of cash for gift cards.

record the revenue earned from redemption of gift cards.

what is the ending balance in the unearned revenue account?

Northington, inc. is preparing the company's statement of cash flows for the fiscal year just ended. using the following information, determine the amount of cash flows from operating activities using the indirect method: net income$182,000gain on the sale of equipment12,300proceeds from the sale of equipment92,300depreciation expense—equipment50,000payment of bonds at maturity100,000purchase of land200,000issuance of common stock300,000increase in merchandise inventory35,400decrease in accounts receivable28,800increase in accounts payable23,700payment of cash dividends32,000 $189,400.$332,200.$236,800.$261,400 .$186,800.

Which of the following best explains why large companies pay less for goods from wholesalers? a. large companies are able to pay for the goods they purchase in cash. b. large companies are able to increase the efficiency of wholesale production. c. large companies can buy all or most of a wholesaler's stock. d. large companies have better-paid employees who are better negotiators.

True or false payroll withholding includes income tax, social security tax, medicare tax as well as money you deduct for your retirement fund.