Expert Computers was started in 2018. The company experienced the following accounting events during its first year of operation:

1. Started business when it acquired $86,000 cash from the issue of common stock
2. Purchased merchandise with a list price of $70,000 on account, terms 2/10, n/30
3. Paid off one-half of the accounts payable balance within the discount period
4. Sold merchandise on account for $56,900. Credit terms were 1/20, n/30
5. The merchandise had cost Expert Computers $34,100
6. Collected cash from the account receivable within the discount period
7. Paid $10,200 cash for operating expenses
8. Paid the balance due on accounts payable. The payment was not made within the discount period.

Record the events in a horizontal statements model

Kiona co. set up a petty cash fund for payments of small amounts. the following transactions involving the petty cash fund occurred in may (the last month of the company's fiscal year). may 1 prepared a company check for $350 to establish the petty cash fund. 15 prepared a company check to replenish the fund for the following expenditures made since may 1. a. paid $109.20 for janitorial services. b. paid $89.15 for miscellaneous expenses. c. paid postage expenses of $60.90. d. paid $80.01 to the county gazette (the local newspaper) for an advertisement. e. counted $26.84 remaining in the petty cashbox. 16 prepared a company check for $200 to increase the fund to $550. 31 the petty cashier reports that $380.27 cash remains in the fund. a company check is drawn to replenish the fund for the following expenditures made since may 15. f. paid postage expenses of $59.10. g. reimbursed the office manager for business mileage, $47.05. h. paid $48.58 to deliver merchandise to a customer, terms fob destination. 31 the company decides that the may 16 increase in the fund was too large. it reduces the fund by $50, leaving a total of $500.

The cost of the beginning work in process inventory was comprised of $3,000 of direct materials, $10,000 of direct labor, and $10,000 of factory overhead. costs incurred during the period were comprised of $15,000 of direct materials costs, and $100,000 of conversion costs. the equivalent units of production (eup) for the period were 9,000 for direct materials and 6,000 for conversion. the costs per eup were:

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