Samson Zeleke recently opened his own accounting firm on April 1, which he operates as a corporation. The name of the new entity is Samson Zeleke , CPA. Samson experienced the following events during the organizing phase of the new business and its first month of operations in 2019: Apr. 5 Shonton deposited Birr 75,000 in a new business bank account titled Samson Zeleke , CPA. The business issued common stock toSamson . 6 Paid Birr300 cash for letterhead stationery for new office. 7 Purchased office furniture for the office on account, Birr9,500. 10 Consulted with tax client and received Birr4,000 for services rendered. 11 Paid utilities, Birr190. 12 Finished tax hearings on behalf of a client and submitted a bill for accounting services, Birr 20,000. 18 Paid office rent, Birr750. 25 Received amount due from client that was billed on April 12. 27 Paid full amount of accounts payable created on April 7. 30 Cash dividends of Birr 3,500 were paid to stockholders. Requirements 1. Analyze the effects of the events on the accounting equation of Samson Zeleke, CPA. Use a format similar to your chapter one handout format (5.5 marks) 2. Prepare the following financial statements: (11 marks ) a. Income statement. b. Statement of retained earnings. c. Balance sheet.

answer; ///i believe the best answer from the above question is (c) a method of making a purchase by trading items instead of using money; plz check first.good luck

of the three mortgage options that demarco and tanya have to choose from, the balloon payment mortgage would be their best option, over adjustable payment and fixed payment plans.ultimately, the balloon payment plan would save demarco and tanya overall, in interest, would cost less monthly, and they would only have to make these payments for 8 years, opposing to 30 years for adjustable or fixed payment plans. 

overall, demarco and tanya would save $80,811 if they chose balloon payments over fixed payments, and would save $116,711 if they choose balloon payments over adjustable payments. benefits with choosing fixed payments over adjustable payments is that, in the end, the payments will still be $836.30 a month, while with adjustable payments, the initial monthly payments will be $763.38 to $1082.70 a month, ultimately leading to a more costly purchase. benefits with choosing fixed payments over balloon payments are not present. benefits in choosing adjustable payments over is that it has a lower interest rate, and starts with lower monthly payments initially. benefits in choosing adjustable payments over balloon payments include a lower interest rate, and lower initial monthly payments. benefits in choosing balloon payments over fixed payments include lower interest rates, lower overall price, lower monthly payments, takes less time to pay off, and does not require a downpayment. benefits in choosing balloon payments over adjustable payments include, lower monthly payments (when averaged), takes less time to pay off, and lower overall price.

hence, option c, balloon payments, is the best option for demarco and tanya to make this purchase, for it will save them a minimum of $80811, and a maximum of $116,711. 

the answer is d. many career choices to make.