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Accounting TreeHold Corp. designs and builds custom harvesting equipment for logging companies across Canada. The company, which is publicly traded, has a May 31 year
Accounting
TreeHold Corp. designs and builds custom harvesting equipment for logging companies across Canada. The company, which is publicly traded, has a May 31 year end. On February 18, 2020, TreeHold signed a contract with Coastal Harvesting Ltd. to design and build 25 custom harvesters that can harvest wood at the steep grades found along much of the Pacific coast timber stands included in Coastals harvesting leases. The following events took place in 2020 in relation to the contract:
LIST OF ACCOUNTS THAT CAN BE USED IN THE EMPTY BOXES:
- Accounts Receivable
- Administration Expenses
- Advertising Expense
- Architectural Activities
- Cash
- Cost of Goods Sold
- Depreciation Expense
- Distribution Expenses
- Dividend Revenue
- Engineering Expenses
- Financing Expenses
- Income Tax Expense
- Insurance Expense
- Interest Expense
- Interest Revenue
- Inventory
- No Entry
- Other Expenses
- Refund Liability
- Rent Expense
- Rent Revenue
- Research and Development Expenses
- Sales and Marketing Expenses
- Sales Revenue
- Selling Expenses
- Service Revenue
- Subscription Revenue
- Supplies Expense
- Unearned Revenue
- Utilities Expense
- Wages Expense
- Warranty Expense
- Warranty Liability
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