Business, 31.10.2019 02:31, guzmangisselle
You are operating your accounting firm. your first client had the following transactions in april 20x7: borrowed $10,000 from the bank. purchased $2,250 of computer equipment for cash. paid $750 cash for this month’s rent. purchased $1,500 of office supplies on credit. it is expected that these supplies will last for 3 months. billed $500 to customers for services rendered during april. paid cash for the $1,500 balance owed to the vendor from transaction 4. collected $450 cash of the amount billed to the customer in transaction 5. sold one-half of the equipment purchased in transaction 2 for $1,125 in cash, with no gain or loss recognized on the sale. paid $1,000 of the principal from the loan in transaction 1, along with $50 in interest. required:
1. use the four steps in the accounting cycle to analyze business transactions, a) identifying transactions from source documents, b) analyzing transactions using the accounting equation, c) recording the journal entry and d) posting the entry to the ledger to complete the following:
2. prepare journal entries for each of the above transactions.
Answers: 2
Business, 22.06.2019 02:30, altstattlana
Ds unlimited has the following transactions during august. august 6 purchases 58 handheld game devices on account from gamegirl, inc., for $140 each, terms 2/10, n/60. august 7 pays $340 to sure shipping for freight charges associated with the august 6 purchase. august 10 returns to gamegirl three game devices that were defective. august 14 pays the full amount due to gamegirl. august 23 sells 38 game devices purchased on august 6 for $160 each to customers on account. the total cost of the 38 game devices sold is $5,448.51. required: record the transactions of ds unlimited, assuming the company uses a perpetual inventory system. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. round your answers to 2 decimal places.)
Answers: 2
Business, 22.06.2019 04:50, garrowe96
Problem 9-5. net present value and taxes [lo 1, 2] penguin productions is evaluating a film project. the president of penguin estimates that the film will cost $20,000,000 to produce. in its first year, the film is expected to generate $16,500,000 in net revenue, after which the film will be released to video. video is expected to generate $10,000,000 in net revenue in its first year, $2,500,000 in its second year, and $1,000,000 in its third year. for tax purposes, amortization of the cost of the film will be $12,000,000 in year 1 and $8,000,000 in year 2. the company’s tax rate is 35 percent, and the company requires a 12 percent rate of return on its films. required what is the net present value of the film project? to simplify, assume that all outlays to produce the film occur at time 0. should the company produce the film?
Answers: 2
Business, 22.06.2019 13:30, drippyc334
What do you recommend adam do to increase production in a business setting that does not seem to value high productivity?
Answers: 3
You are operating your accounting firm. your first client had the following transactions in april 20...
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