On april 1, marin inc. began operations. the following transactions were completed during the month. 1. issued common stock for $18,700 cash. 2. obtained a bank loan for $5,500 by issuing a note payable. 3. paid $8,600 cash to buy equipment. 4. paid $900 cash for april office rent. 5. paid $1,150 for supplies. 6. purchased $470 of advertising in the daily herald, on account. 7. performed services for $14,000: cash of $1,560 was received from customers, and the balance of $12,440 was billed to customers on account. 8. paid $310 dividend to stockholders. 9. paid the utility bill for the month, $1,560. 10. paid daily herald the amount due in transaction (6). 11. paid $30 of interest on the bank loan obtained in transaction (2). 12. paid employees’ salaries, $4,990. 13. received $9,360 cash from customers billed in transaction (7). 14. paid income tax, $1,170. jurnalize the transactions.

Luc do purchased stocks for $6,000. he paid $4,000 in cash and borrowed $2,000 from the brokerage firm. he bought 100 shares at $60.00 per share ($6,000 total). the loan has an annual interest rate of 8 percent. six months later, luc do sold the stock for $65 per share. he paid a commission of $120 and repaid the loan. his net profit was how much? pls

Fred smithers, a recent college graduate decided to open his own portable juice bar, smithers smoothies, to wheel around newport beach. you, a trusted friend of fred, are a business major that has also recently graduated and agreed to handle the books for a while to get some practical experience and have a favor that you can ask of fred in the future. given the following five transactions concerning the new venture, prepare the necessary journal entries for the transactions, post the journal entries to appropriate t accounts and prepare a trial balance as of the end of the month in order to answer to the necessary may 2: fred invests $12,000 of his own money to start the new company. this money was obtained from a part-time job working at a legal firm while he was in school. may 3: fred spent $5,100 cash to purchase a refrigerated trailer that he can pull behind his car and set up at the beach. under your advice, fred agrees to place the new asset under an account called "equipment." may 6: fred bought $640 of supplies on account from the flav-o-rite confectioners company. because they will last longer than a single accounting period fred agrees to record them as, "supplies" as per your suggestion. may 13: fred sat on the beach for six hours without a single sale and was feeling very down. right before he left, however, a plumber escorting his family reunion along the beach stopped by his stand and bought $800 worth of smoothies for the entire family. under your advice, fred agrees to call this cash revenue, "sales." may 15: excited about his new venture, fred withdraws $350 from the company to take his girlfriend out to dinner. what would be the balance in the cash account at the end of the period following the posting of all the transactions?

In the united states, one worker can produce 10 tons of steel per day or 20 tons of chemicals per day. in the united kingdom, one worker can produce 5 tons of steel per day or 15 tons of chemicals per day. the united kingdom has a comparative advantage in the production of: