10. Pass the journal entries of the following transactions and post 2020
Rs
Jan 1 Prakash started business with-cash 70,000
Goods
25,000
Jan 4 Sold goods to Ganesh
1500
Jan 10 Purchased goods from Akash
30,000
Jan 18 Received from Ganesh
14,700
Discount allowed
300
Jan 21 Paid to Akash in full settlement 29,500
Jan 30 Withdrawn from bank for personal use 5,000
Jan 31 Paid wages
500
Jan 31 Paid salaries
2,000
Jan 31 Paid rent
1,000
11. Journalize the following transactions and post them into I​

Guardian inc. is trying to develop an asset-financing plan. the firm has $450,000 in temporary current assets and $350,000 in permanent current assets. guardian also has $550,000 in fixed assets. assume a tax rate of 40 percent. a. construct two alternative financing plans for guardian. one of the plans should be conservative, with 70 percent of assets financed by long-term sources, and the other should be aggressive, with only 56.25 percent of assets financed by long-term sources. the current interest rate is 12 percent on long-term funds and 7 percent on short-term financing. compute the annual interest payments under each plan.

Paid-in-capital in excess of par represents the amount of proceeds a. from the original sale of common stock b. in excess of the par value from the original sale of common stock c. at the current market value of the common stock d. at the curent book value of the common stock

Which of the following businesses is most likely to disrupt an existing industry? a. closer connex developed an earphone that receives emails and text messages and converts them to voice messages. the first models had poor reception, but they rapidly improved over time. b. mega technologies reconfigured the components used in its touchscreen tablets to create a new type of wearable device for use in restaurants and other service industries. c. particle inc. developed a teleportation technology that can transport physical materials instantaneously across great distances. d. altrea added advanced camera technology to its premium line of smartphones so that they would take the highest-quality photos of all phones on the market.