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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
1. Prepare all required adjusting journal entries2. Prepare an adjusted trial balance3. prepare a complete set of financial statements for the year ended december 31, 2013, in good form
Additional info:Jacobson companies policy is to prepare financial statements annually and therefore adjusting entries are only done at year-end, December 31.
The short-term note payable for $50,000 was issued on November 1, 2013 and matures on September 30, 2014. The terms of the note call for interest of 6% payable a maturity. As of December 31, no interest has been accrued in Jacobson Company's accounting records.
The bonds payable were issued at a discount on July 1, 2010 and mature on June 30, 2020. Interest is paid semiannually every June 30 and December 31. All interest payments have been made on the designated date.
The buildings are depreciated on a straight-line basis. The Company's
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