2) Prepare a statement of owner's equity for Nolan Company for the year ended Decembe 31, 2020. The owner invested $5,500 during the current year (Cell D52). Hint: You must
calculate the beginning balance in the capital account.
Nolan Company
Statement of Owner's Equity
For Year Ended December 31, 2020
Nolan, Capital, January 1, 2020
Investment by owner
Net income
Subtotal
Withdrawals by owner
Nolan, Capital, December 31, 2020
5,500
2.100
1,500
3) Prepare a balance sheet for Nolan Company at December 31, 2020.
Nolan Company
Balance Sheet
December 31, 2020
Assets
$5,600
1,300
11,000
3,700
27,300
Cash
Accounts receivable
Inventory
Prepaid rent
Buildings
Total assets
$48,900
Liabilities and Equity
$7,500
4,300
$11,800
Llabilities
Accounts payable
Unearned subscriptions
Total liabilities
Equity
Nolan, Capital
Total liabilities and equity
$57,000

You decide that structural changes must be made at holden evans immediately to deal with the additional product lines. equipment and employees will have to be moved around to optimize production of all of the products in house. this shouldn't be too difficult because many of the vitamins and supplements are produced using similar processes. you have several options available to facilitate this process. which of the following methods do you think is the best choice? select an option from the choices below and click submit. because the changes may result in the loss of several key employees, you hire outside consultants who specialize in hr law. this way any employee terminations will not result in lawsuits. you select an outside consulting firm that your company has never worked with before, but it has a reputation for using new technology in product lines that are similar to yours. you select several trusted managers to facilitate the transition of operations from overseas. these individuals can gather information and also smooth any rough spots that may occur.

Materials purchases (on credit). direct materials used in production. direct labor paid and assigned to work in process inventory. indirect labor paid and assigned to factory overhead. overhead costs applied to work in process inventory. actual overhead costs incurred, including indirect materials. (factory rent and utilities are paid in cash.) transfer of jobs 306 and 307 to finished goods inventory. cost of goods sold for job 306. revenue from the sale of job 306. assignment of any underapplied or overapplied overhead to the cost of goods sold account. (the amount is not material.) 2. prepare journal entries for the month of april to record the above transactions.

The last time he flew jet value air, juan's plane developed a fuel leak and had to make an 4) emergency landing. the time before that, his plane was grounded because of an electrical problem. juan is sure his current trip will be fraught with problems and he will once again be delayed. this is an example of the bias a) confirmation b) availability c) selective perception d) randomness