Survey Of Accounting
Survey Of Accounting
4th Edition
ISBN: 9780077862374
Author: Edmonds, Thomas P.
Publisher: Mcgraw-hill Education,
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Chapter 4, Problem 3ATC

a.

To determine

Explain the manner in which the company defines the cash equivalents.

b.

To determine

Indicate the names of the reports in which the management has clearly acknowledged its responsibility for the company’s financial reporting and internal controls and to identify the pages in which they are located.

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On December 31, 2023, Blossom Company sells production equipment to Wildhorse Inc. for $54,100. Blossom includes a one-year| assurance warranty service with the sale of all its equipment. The customer receives and pays for the equipment on December 31. 2023. Blossom estimates the prices to be $50,000 for the equipment and $4,100 for the cost of warranty.wrenare a cinoecomnounc ourna entwy torecor nis rancacon on eremner s1. هnorم an rحمte مocotبهمه co0 Prepare a single compound journal entry to record this transaction on December 31, 2023. Ignore any related cost of goods sold entry. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries.)  I currently have these 2 correct: Cash 54100   need help need help need help Warranty Liability    4100 need help need help need help show work on how…
Give me the answer in a clear organized table please. Thank you!
Give me the answer in a clear organized table please. Thank you!
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