Harwell company manufactures automobile tires. on july 15, 2018, the company sold 1,000 tires to the nixon car company for $50 each. the terms of the sale were 2/10, n/30. harwell uses the gross method of accounting for cash discounts.

required:
1. prepare the journal entries to record the sale on july 15 (ignore cost of goods) and collection on july 23, 2018.
2. prepare the journal entries to record the sale on july 15 (ignore cost of goods) and collection on august 15, 2018.
record the sale of 1,000 tires for $50 each with a term of 2/10, n/30 under the gross method of accounting for cash discounts.

Bridgeport company began operations at the beginning of 2018. the following information pertains to this company. 1. pretax financial income for 2018 is $115,000. 2. the tax rate enacted for 2018 and future years is 40%. 3. differences between the 2018 income statement and tax return are listed below: (a) warranty expense accrued for financial reporting purposes amounts to $7,500. warranty deductions per the tax return amount to $2,200. (b) gross profit on construction contracts using the percentage-of-completion method per books amounts to $94,700. gross profit on construction contracts for tax purposes amounts to $67,100. (c) depreciation of property, plant, and equipment for financial reporting purposes amounts to $61,800. depreciation of these assets amounts to $75,700 for the tax return. (d) a $3,600 fine paid for violation of pollution laws was deducted in computing pretax financial income. (e) interest revenue recognized on an investment in tax-exempt municipal bonds amounts to $1,500. 4. taxable income is expected for the next few years. (assume (a) is short-term in nature; assume (b) and (c) are long-term in nature.) (a) prepare the reconciliation schedule for 2017 and future years. (b) prepare the journal entry to record income tax expense for 2017. (c) prepare the income tax expense section of the income statement beginning with “income before income taxes.” (d) determine how the deferred taxes will appear on the balance sheet at the end of 2017.

Stock market crashes happen when the value of most of the stocks in the stock market increase at the same time. question 10 options: true false

What are the positive environmental trends seen today? many industries are taking measures to reduce the use( _gold,carbon dioxide,ozone_) of -depleting substances and are turning to(_scarce,renewable,non-recyclable_) energy sources though they may seem expensive. choose one of those 3 option to fill the