Journalize the transactions of lambert engineering. include an explanation with each journal entry. use the following accounts: cash; accounts receivable; office supplies; equipment; accounts payable; notes payable; common stock; dividends; service revenue; utilities expense. (record debits first, then credits. select the explanation on the last line of the journal entry table.) july 2: received $18,000 contribution from bobby lambert in exchange for common stock. july 4: paid utilities expense of $380. july 5: purchased equipment on account, $1,700. july 10: performed services for a client on account $2,500. july 12: borrowed $7,600 cash, signing a notes payable. july 19: cash dividends of $650 were paid to stockholders. july 21: purchased office supplies for $870 and paid cash. july 27: paid the liability from july 5.

The government often provides goods that are nonrivalrous and nonexclusive to overcome which market failure

Minneapolis federal reserve bank economist edward prescott estimates the elasticity of the u. s. labor supply to be 3. given this elasticity, what would be the impact of funding the social security program with tax increases on the number of hours worked and on the amount of taxes collected to fund social security?

Neveready flashlights inc. needs $317,000 to take a cash discount of 3/15, net 70. a banker will loan the money for 55 days at an interest cost of $13,200. a. what is the effective rate on the bank loan? (use a 360-day year. do not round intermediate calculations. input your answer as a percent rounded to 2 decimal places.) b. how much would it cost (in percentage terms) if the firm did not take the cash discount but paid the bill in 70 days instead of 15 days? (use a 360-day year. do not round intermediate calculations. input your answer as a percent rounded to 2 decimal places.) c. should the firm borrow the money to take the discount? no yes d. if the banker requires a 20 percent compensating balance, how much must the firm borrow to end up with the $317,000? e-1. what would be the effective interest rate in part d if the interest charge for 55 days were $7,200?