Kendall corporation designs and manufactures sports cars. during the course of its business, kendall generates substantialreceivables from its customers. on july 1, 2017. to improve its cash flow, kendall establishes a securitization entity (se) and(1) transfers without recourse $20.5 million of its receivables to the se and (2) surrenders control over these receivables. the se then sells securities backed by the cash flows associated with kendall’s receivables. because the se is separatefrom kendall. and the receivables are diversified across hundreds of customers, investors are willing to pay $24 million forthe securities. the se then transfers the 524 million to kendall corporation. required: 1. prepare kendall’s entry to record the securitization as a sale.2 show how your answer to requirement 1 would change if control over the receivables is not surrendered at the time ofthe transfer (i. e.. an agreement exists whereby kendall would be forced to absorb significant losses associated with these’s receivables).

Abroker showed one of his own listings to a buyer he was representing. the buyer decided to make an offer on the property, which was accepted. at no point did the broker disclose his dual agency status. the broker may be:

Sheldon has the following year-end account balances: accounts receivable, $5,000; supplies, $12,000; equipment, $18,000; accounts payable, $17,000; stockholders’ equity, $43,000. the cash account balance was not available at year-end. given the account balances listed, the balance in the cash account should be?

The following account balances at the beginning of january were selected from the general ledger of fresh bagel manufacturing​ company: work in process inventory ​$0 raw materials inventory $ 29 comma 000 finished goods inventory $ 40 comma 900 additional​ data: 1. actual manufacturing overhead for january amounted to $ 62 comma 600. 2. total direct labor cost for january was $ 63 comma 600. 3. the predetermined manufacturing overhead rate is based on direct labor cost. the budget for the year called for $ 255 comma 000 of direct labor cost and $ 382 comma 500 of manufacturing overhead costs. 4. the only job unfinished on january 31 was job no.​ 151, for which total direct labor charges were $ 5 comma 700 ​(1 comma 000 direct labor​ hours) and total direct material charges were $ 14 comma 400. 5. cost of direct materials placed in production during january totaled $ 123 comma 300. there were no indirect material requisitions during january. 6. january 31 balance in raw materials inventory was $ 35 comma 200. 7. finished goods inventory balance on january 31 was $ 35 comma 400. what is the cost of goods manufactured for​ january