You receive two job offers in the same big city. The first job is close to your parents’ house, and theyhave offered to let you live at home for a year so you won’t have to incur expenses for housing, food, or cable TV. This job pays $49,000 per year. The second job is far away from your parents’house, so you’ll have to rent an apartment with parking ($9,000 per year), buy your own food($3,500 per year), and pay for your own cable TV ($550 per year). This job pays $54,000 per year. You still plan to do laundry at your parents’ house one time a week if you live in the city and plan togo into the city one time a week to visit with friends if you live at home. As a result, the cost ofoperating your car will be about the same either way. Additionally, your parents refuse to pay foryour cell phone service ($690 per year), and you can’t function without it.  Based on your reading and understanding of the case study, answer the given questions: o What is the net difference between the two alternatives—salary and net of relevant costs? o What information is irrelevant? Why? o What qualitative information is relevant to your decision? o Assume you really want to take Job #2, but you also want to live at home to cut costs. Whatnew quantitative and qualitative information will you need to incorporate in your decision?

Presented below is a list of possible transactions. analyze the effect of the 18 transactions on the financial statement categories indicated. transactions assets liabilities owners’ equity net income 1. purchased inventory for $80,000 on account (assume perpetual system is used). 2. issued an $80,000 note payable in payment on account (see item 1 above). 3. recorded accrued interest on the note from item 2 above. 4. borrowed $100,000 from the bank by signing a 6-month, $112,000, zero-interest-bearing note. 5. recognized 4 months’ interest expense on the note from item 4 above. 6. recorded cash sales of $75,260, which includes 6% sales tax. 7. recorded wage expense of $35,000. the cash paid was $25,000; the difference was due to various amounts withheld. 8. recorded employer’s payroll taxes. 9. accrued accumulated vacation pay. 10. recorded an asset retirement obligation. 11. recorded bonuses due to employees. 12. recorded a contingent loss on a lawsuit that the company will probably lose. 13. accrued warranty expense (assume expense warranty approach). 14. paid warranty costs that were accrued in item 13 above. 15. recorded sales of product and related service-type warranties. 16. paid warranty costs under contracts from item 15 above. 17. recognized warranty revenue (see item 15 above). 18. recorded estimated liability for premium claims outstanding.