In preparing a company's statement of cash flows using the indirect method, the following information is available:

On December 3, the Celtics sold a six-game pack of advance tickets for $3,060 cash. On December 20, the Celtics played the first game of the six-game pack (this represented one-sixth of the advance ticket sales). Record the entry for the December 20 transaction:

In preparing a company's statement of cash flows using the indirect method, the following information is available:

Stark Company's most recent balance sheet reported total assets of $2,100,000, total liabilities of $700,000, and total equity of $1,400,000. Its debt-to-equity ratio is:

Merchant Company purchased land for a building site. The costs associated with the property were:

What is the total recorded cost of the land?

Trey Morgan is an employee who is paid monthly. For the month of January of the current year, he earned a total of $4,840. The Federal Insurance Contributions Act (FICA) tax for social security is 6.2% of the first $137.700 earned each calendar year, and the Federal Insurance Contributions Act (FICA) tax rate for Medicare is 1.45% of all earnings for both the employee and the employer. The amount of federal income tax withheld from his earnings was $710.70. What is the total amount of taxes withheld from the Trey’s earnings?

Martin Company purchases a machine at the beginning of the year at a cost of $62,000. The machine is depreciated using the straight-line method. The machine’s useful life is estimated to be 4 years with a $5,000 salvage value. The book value of the machine at the end of year 4 is:

On December 1, Victoria Company signed a 90-day, 4% note payable, with a face value of $15,000. What amount of interest expense is accrued at December 31 on the note?

Note: Use 360 days a year.

A company purchased $129,000 of 6% bonds on May 1 at par value. The bonds pay interest on March 1 and September 1. The amount of interest accrued on December 31 (the company's year-end) would be:

A company paid $44,800 to acquire 9% bonds with a $47,000 maturity value. The company intends to hold the bonds to maturity. The cash proceeds the company will receive when the bonds mature equal: