Canyon Company’s Assembly Department has the following production and manufacturing information for February: Units: 14,400 in beginning inventory that are 100 percent complete for materials and 24 percent for conversion. 21,700 units finished and transferred out. 7,550 units in ending inventory that are 100 percent complete for materials and 40 percent complete for conversion. Costs: Materials Conversion Beginning $ 7,350 $ 24,100 Current 16,000 54,700 Required: Calculate cost per equivalent unit using the weighted-average method. (Do not round your intermediate calculations. Round cost per Equivalent Unit to 5 decimal places.)

What is the difference between a public and a private corporation?

Ming chen began a professional practice on june 1 and plans to prepare financial statements at the end of each month. during june, ming chen (the owner) completed these transactions. a. owner invested $61,000 cash in the company along with equipment that had a $25,000 market value. b. the company paid $1,900 cash for rent of office space for the month. c. the company purchased $15,000 of additional equipment on credit (payment due within 30 days). d. the company completed work for a client and immediately collected the $2,100 cash earned. e. the company completed work for a client and sent a bill for $7,000 to be received within 30 days. f. the company purchased additional equipment for $5,500 cash. g. the company paid an assistant $3,000 cash as wages for the month. h. the company collected $5,200 cash as a partial payment for the amount owed by the client in transaction e. i. the company paid $15,000 cash to settle the liability created in transaction c. j. owner withdrew $1,500 cash from the company for personal use. required: enter the impact of each transaction on individual items of the accounting equation. (enter decreases to account balances with a minus sign.)

Acompany using the perpetual inventory system purchased inventory worth $540,000 on account with credit terms of 2/15, n/45. defective inventory of $40,000 was returned 2 days later, and the accounts were appropriately adjusted. if the company paid the invoice 20 days later, the journal entry to record the payment would be