Journalize the following selected transactions for october 20y2 in a two-column journal. journal entry explanations may be omitted. if an amount box does not require an entry, leave it blank. oct. 1. paid rent for the month, $2,500. 4. paid advertising expense, $1,000. 5. paid cash for supplies, $1,800. 6. purchased office equipment on account, $11,500. 12. received cash from customers on account, $7,500. 20. paid creditor on account, $2,700. 27. paid cash for miscellaneous expenses, $700. 30. paid telephone bill for the month, $475. 31. fees earned and billed to customers for the month, $42,400. 31. paid electricity bill for the month, $900. 31. paid dividends, $1,500.

In most states, a licensee must provide a(n) of any existing agency relationships to all parties

Nichols inc. manufactures remote controls. currently the company uses a plantminuswide rate for allocating manufacturing overhead. the plant manager is considering switchingminusover to abc costing system and has asked the accounting department to identify the primary production activities and their cost drivers which are as follows: activities cost driver allocation rate material handling number of parts $5 per part assembly labor hours $20 per hour inspection time at inspection station $10 per minute the current traditional cost method allocates overhead based on direct manufacturing labor hours using a rate of $20 per labor hour. what are the indirect manufacturing costs per remote control assuming an method is used and a batch of 10 remote controls are produced? the batch requires 100 parts, 5 direct manufacturing labor hours, and 3 minutes of inspection time.

Laws corporation is considering the purchase of a machine costing $16,000. estimated cash savings from using the new machine are $4,120 per year. the machine will have no salvage value at the end of its useful life of six years and the required rate of return for laws corporation is 12%. the machine's internal rate of return is closest to (ignore income taxes) (a) 12% (b) 14% (c) 16% (d) 18%