Business, 14.02.2020 03:50, lanakay2006
After several months of planning, Denise Murphy started a structural lab-test business for the civil engineering and construction industries called BreakToMeasure. The following events occurred during its first month:On May 1, Murphy started the firm, investing $3,000 cash and $15,000 of equipment. On May 2, BreakToMeasure paid $600 cash for furniture for the shop. On May 3, BreakToMeasure paid $500 cash to rent space in a strip mall for May. On May 4, it obtained $1,200 of equipment for the shop and received an invoice for this purchase. On May 5, BreakToMeasure opened for business. Cash received from services provided in the first week and a half of business (ended May 15) is $825.On May 15, it provided $100 of lab-test services on account (IE: it issued the customer an invoice).On May 17, it received a $100 check for services previously rendered on account. On May 17, it paid $125 cash to an assistant for working during the grand opening. Cash received from services provided during the second half of May is $930.On May 31, it paid a $400 on the invoice it received on May 4.On May 31, it paid $900 cash dividends to Murphy. Required:1. Prepare an Income Statement for the month of May.2. Prepare a direct method Cash Flow Statement for the month.3. Prepare an Owners Equity Statement for the month.
Answers: 2
Business, 22.06.2019 01:50, mattstudy305
Which statement below best describes george waring's approach to solving the problems of water-borne illness? a. waring is going with his "gut," because he believes that instincts and emotions are the best guides for action. b. waring efficiently and thoroughly lays out the case for why the problems are too large and overwhelming to be solved: people should just move out of cities back to their farms. c. waring has gathered the testimonies of people who live in densely populated areas in order to learn how they themselves have solved their problems. d. waring exhibits the industrial age's increased respect for and reliance on science and the scientific method.
Answers: 1
Business, 22.06.2019 10:30, natajaeecarr
Jack manufacturing company had beginning work in process inventory of $8,000. during the period, jack transferred $34,000 of raw materials to work in process. labor costs amounted to $41,000 and overhead amounted to $36,000. if the ending balance in work in process inventory was $12,000, what was the amount transferred to finished goods inventory?
Answers: 2
After several months of planning, Denise Murphy started a structural lab-test business for the civil...
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