Wickers Restoration Services had the following transactions on May. 1. Received $48,000 from sale of common stock.
2. Paid rent on office for the month, $880.
3. Purchased supplies on account, $1,750.
4. Earned fees, receiving cash, $12,600.
5. Paid creditor on account, $1,000.
6. Paid automobile expenses for month, $375, and miscellaneous expenses, $250.
7. Paid office salaries for the month, $3,900.
8. Earned fees which the customer will pay next month, $2,400.
9. Determined that the cost of supplies used was $280.
10. Paid dividends, $2,400.

Answer the following questions using the information below: southwestern college is planning to hold a fund raising banquet at one of the local country clubs. it has two options for the banquet: option one: crestview country club a. fixed rental cost of $1,000 b. $12 per person for food option two: tallgrass country club a. fixed rental cost of $3,000 b. $8.00 per person for food southwestern college has budgeted $1,800 for administrative and marketing expenses. it plans to hire a band which will cost another $800. tickets are expected to be $30 per person. local business supporters will donate any other items required for the event. which option has the lowest breakeven point?

Which plan offers a tax-free education?

On june 3, teal company sold to chester company merchandise having a sale price of $2,600 with terms of 2/10, n/60, f. o.b. shipping point. an invoice totaling $91, terms n/30, was received by chester on june 8 from john booth transport service for the freight cost. on june 12, the company received a check for the balance due from chester company. prepare journal entries on the teal company books to record all the events noted above under each of the following bases. (1) sales and receivables are entered at gross selling price. (2) sales and receivables are entered at net of cash discounts.