Balen and alanys tanjoy are married filing-jointly taxpayers both 61 years of age and semi-retired. alanys earns wages of $32,000 as a part-time school librarian and balen sharpens knives as a hobby and their 2018 agi is $49,700. their tax liability before any credit is $3,235. neither tanjoy is active in any other income deferral plans. because the tanjoys have limited financial needs, they also made an ira contribution of $10,000 ($5,000 each) trying to get ready for retirement. use the form 8880 to determine the tanjoy’s saver’s credit. enter all amounts as positive numbers.

When an interest-bearing note comes due and is uncollectible, the journal entry includes debitingaccounts receivable and crediting notes receivable and interest revenue.accounts receivable and crediting interest revenue.notes receivable and crediting accounts receivable and interest revenue.notes receivable and crediting accounts receivable.

What would not cause duff beer’s production possibilities curve to expand in the short run? a. improved manufacturing technology b. additional resources c. increased demand

The following cost and inventory data are taken from the accounting records of mason company for the year just completed: costs incurred: direct labor cost $ 90,000 purchases of raw materials $ 134,000 manufacturing overhead $ 205,000 advertising expense $ 45,000 sales salaries $ 101,000 depreciation, office equipment $ 225,000 beginning of the year end of the year inventories: raw materials $ 8,100 $ 10,300 work in process $ 5,900 $ 21,000 finished goods $ 77,000 $ 25,800 required: 1. prepare a schedule of cost of goods manufactured. 2. prepare the cost of goods sold section of mason company’s income statement for the year.