Prepare the journal entries to record the following transactions on Novak Corp.’s books using a perpetual inventory system. (If no entry is required, write "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.)
a) On March 2, Novak Corp. sold $887,400 of merchandise to Sarasota Company, terms 2/10, n/30. The cost of the merchandise sold was $571,700.
b) On March 6, Sarasota Company returned $103,200 of the merchandise purchased on March 2. The cost of the merchandise returned was $62,500.
c) On March 12, Novak Corp. received the balance due from Sarasota Company.

Problem 9-5. net present value and taxes [lo 1, 2] penguin productions is evaluating a film project. the president of penguin estimates that the film will cost $20,000,000 to produce. in its first year, the film is expected to generate $16,500,000 in net revenue, after which the film will be released to video. video is expected to generate $10,000,000 in net revenue in its first year, $2,500,000 in its second year, and $1,000,000 in its third year. for tax purposes, amortization of the cost of the film will be $12,000,000 in year 1 and $8,000,000 in year 2. the company’s tax rate is 35 percent, and the company requires a 12 percent rate of return on its films. required what is the net present value of the film project? to simplify, assume that all outlays to produce the film occur at time 0. should the company produce the film?

On january 2, 2018, bering co. disposes of a machine costing $34,100 with accumulated depreciation of $18,369. prepare the entries to record the disposal under each of the following separate assumptions. exercise 8-24a part 2 2. the machine is traded in for a newer machine having a $50,600 cash price. a $16,238 trade-in allowance is received, and the balance is paid in cash. assume the asset exchange has commercial substance.

To : of $25 up to 35 2 35 up to 45 5 45 up to 55 7 55 up to 65 20 65 up to 75 16 is$25 up to $35 ?