Mead Company uses a perpetual inventory system and engaged in the following transactions during the month of May: May 1 Made cash sales of $8,800; the cost of the inventory was $3,300.
5 Purchased $2,700 of inventory on credit.
9 Made credit sales of $3,500; the cost of the inventory sold was $1,800.
13 Paid sales salaries of $900 and office salaries of $500.
14 Paid for the May 5 purchases.
18 Purchased sales equipment costing $6,800; made a down payment of $1,600 and agreed to pay the balance in 60 days.
21 Purchased $700 of inventory for cash.
27 Sold land that had originally cost $2,000 for $3,100.

Required:
Record the preceding transactions in a general journal.

Acompany factory is considered which type of resource a. land b. physical capital c. labor d. human capital

During january 2018, the following transactions occur: january 1 purchase equipment for $20,600. the company estimates a residual value of $2,600 and a five-year service life. january 4 pay cash on accounts payable, $10,600. january 8 purchase additional inventory on account, $93,900. january 15 receive cash on accounts receivable, $23,100 january 19 pay cash for salaries, $30,900. january 28 pay cash for january utilities, $17,600. january 30 firework sales for january total $231,000. all of these sales are on account. the cost of the units sold is $120,500. the following information is available on january 31, 2018. depreciation on the equipment for the month of january is calculated using the straight-line method. the company estimates future uncollectible accounts. at the end of january, considering the total ending balance of the accounts receivable account as shown on the general ledger tab, $4,100 is now past due (older than 90 days), while the remainder of the balance is current (less than 90 days old). the company estimates that 50% of the past due balance will be uncollectible and only 3% of the current balance will become uncollectible. record the estimated bad debt expense. accrued interest revenue on notes receivable for january. unpaid salaries at the end of january are $33,700. accrued income taxes at the end of january are $10,100

Alpha industries is considering a project with an initial cost of $8 million. the project will produce cash inflows of $1.49 million per year for 8 years. the project has the same risk as the firm. the firm has a pretax cost of debt of 5.61 percent and a cost of equity of 11.27 percent. the debt–equity ratio is .60 and the tax rate is 35 percent. what is the net present value of the project?