Example 3: Peter Enterprises started a retail business, selling cement on retail basis. On March 12020, he
introduced the following into the business:
(1) Motor van valued at 24480,000
(ii) Cash from his salary account $330,000
(iii) Money borrowed from a friend N466,000.
The following transactions also took place in March
March 3 Purchased cement on credit from Fola Ltd.
189,000
March 3 Paid carriage on cement to warehouse
16,456
March 6 Sold goods on credit to Aburi & Co
190,000
March 8 Sold cement for cash
26,280
March 11 Paid sundry expenses
16,278
March 15 Purchased cement on credit from Fola Ltd.
60,000
March 17 Bought some Dunlop tyres from Okechukwu Enterprises on credit 10,852
March 20 Paid cash to Fola Ltd, on account
167,500
March 22 Aburi & Co paid cash on account
125.000
March 25 Paid Salaries and wages
77.958
March 25 Paid electricity bill
6,000
March 27 Sold cement on credit to K. Opobo
68,000
Required
(i) An opening Journal.
(ii) Open the ledger accounts and post the opening journal and transactions during the month. --
(iii) Balance the ledger accounts.
(iv) Draw up a trial balance as at 31 March 2020

Abakery wants to determine how many trays of doughnuts it should prepare each day. demand is normal with a mean of 5 trays and standard deviation of 1 tray. if the owner wants a service level of at least 95%, how many trays should he prepare (rounded to the nearest whole tray)? assume doughnuts have no salvage value after the day is complete.

Ming chen began a professional practice on june 1 and plans to prepare financial statements at the end of each month. during june, ming chen (the owner) completed these transactions. a. owner invested $61,000 cash in the company along with equipment that had a $25,000 market value. b. the company paid $1,900 cash for rent of office space for the month. c. the company purchased $15,000 of additional equipment on credit (payment due within 30 days). d. the company completed work for a client and immediately collected the $2,100 cash earned. e. the company completed work for a client and sent a bill for $7,000 to be received within 30 days. f. the company purchased additional equipment for $5,500 cash. g. the company paid an assistant $3,000 cash as wages for the month. h. the company collected $5,200 cash as a partial payment for the amount owed by the client in transaction e. i. the company paid $15,000 cash to settle the liability created in transaction c. j. owner withdrew $1,500 cash from the company for personal use. required: enter the impact of each transaction on individual items of the accounting equation. (enter decreases to account balances with a minus sign.)

You are working on a bid to build two city parks a year for the next three years. this project requires the purchase of $249,000 of equipment that will be depreciated using straight-line depreciation to a zero book value over the three-year project life. ignore bonus depreciation. the equipment can be sold at the end of the project for $115,000. you will also need $18.000 in net working capital for the duration of the project. the fixed costs will be $37000 a year and the variable costs will be $148,000 per park. your required rate of return is 14 percent and your tax rate is 21 percent. what is the minimal amount you should bid per park? (round your answer to the nearest $100) (a) $214,300 (b) $214,100 (c) $212,500 (d) $208,200 (e) $208,400