The following events occurred for Johnson Company:
(a) Received investment of cash by organizers and distributed to them 1,080 shares of $1 par value common stock with a market price of $10 per share.
(b) Purchased $7,900 of equipment, paying $1,100 in cash and owing the rest on accounts payable to the manufacturer. Borrowed $13,000 cash from a bank.
(c) Loaned $500 to an employee who signed a note. Purchased $20,437 of land; paid $8,000 in cash and signed a mortgage note for the balance.
Required:
For each of the events (a) through (e), perform transaction analysis and indicate the account, amount, and direction of the effect (increase or decrease) on the accounting equation.
Answers: 3
Business, 21.06.2019 22:30, makaalbarnthemeister
Owning a word is a characteristic of a powerful a. productb. servicec. organization d. brand
Answers: 2
Business, 22.06.2019 11:00, samwamooo
Specialization—the division of labor—enhances productivity and efficiency by a) allowing workers to take advantage of existing differences in their abilities and skills. b) avoiding the time loss involved in shifting from one production task to another. c) allowing workers to develop skills by working on one, or a limited number, of tasks. d)all of the means identified in the other answers.
Answers: 2
Business, 22.06.2019 23:40, step35
When randy, a general manager of a national retailer, moved to a different store in his company that was having difficulty, he knew that sales were low and after talking to his employees, he found morale was also low. at first randy thought attitudes were poor due to low sales, but after working closely with employees, he realized that the poor attitudes were actually the cause of poor sales. randy was able to discover the cause of the problem by utilizing skills.
Answers: 2
Business, 23.06.2019 01:20, celestemaria0727
Erp has all the following advantages except: modules throughout a corporation can communicate with each other while purchasing is difficult, the vendors such as sap make it worthwhile due to easy implementation have predefined software that represents "pretty good practices" or even "best practices" enables standardized procedures in an organization reduces inconsistent data stored in various locations of the organization
Answers: 3
The following events occurred for Johnson Company:
(a) Received investment of cash by o...
(a) Received investment of cash by o...