Reference no: EM132674306
Stockholders invested $30,000 cash in Pete's Auto Repair Shop, Inc., on April 1, 2012. Pete's Auto Repair employs expert mechanics specializing in analyzing automobile engines. Pete's Auto Repair transactions for April 2012 were as follows:
a. Borrowed $16,000 from the bank and gave a note due in 90 days.
b. Purchased equipment for cash of $20,000.
c. Paid $2,000 cash to rent a building for the month of April.
d. Rendered services for cash, $8,000.
e. Rendered services on account, $4,800.
f. Collected $800 cash on account.
g. Paid the utilities bill for April, $1,200.
h. Paid $1,600 for supplies used during the month.
i. Purchased additional equipment on account, $4,000.
j. Declared and paid dividends, $2,000.
Problem a. how do you create summary of transactions for April. Use columns headed Cash, Accounts Receivable, Equipment, Accounts Payable, Notes Payable, Capital Stock, and Retained Earnings. You need not determine the balances in each column until the last item has been recorded. Enter the $30,000 as the beginning balance in Cash and in Capital Stock.
Problem b. how do you create income statement for the month of April.
Problem c. how do you create balance sheet as of April 30, 2012.
|
Define design and effective capacity
: Explain why doubling the capacity of a bottleneck may not double the system capacity? explain the concept of Throughput time and Bottleneck.
|
|
Find five governing bodies responsible for the operation
: List and explain any five governing bodies responsible for the operation of the Internet.
|
|
What are the training needs that would support that strategy
: One part of training needs assessment is organizational analysis. When doing organizational analysis to identify the training needs of the organization.
|
|
How does someone inspire people to achieve shared objective
: Think of a task that is completed that involved people from diverse backgrounds. How does someone inspire, influence, and empower people to achieve a shared.
|
|
Create summary of transactions for april
: Create summary of transactions for April. Use columns headed Cash, Accounts Receivable, Equipment, Accounts Payable, Notes Payable
|
|
Information technology-study case
: Question or what needs to be solved: What are the Controls and what are the GAPS in the study case
|
|
What is the job satisfaction and causes of it
: What is the job satisfaction and causes of it. How productivity, ocbs, customer service, absenteeism and turnover interlink with each other.
|
|
Explain how the approach to knowledge management practice
: Explain how the approach to knowledge management practice is influenced by the predominant source discipline - Describe the main features of several different
|
|
How Journalize Tram Wholesaler November transactions
: How Journalize Tram Wholesaler November transactions, On November 4, 2018, Cook Company sold merchandise inventory on account to Tram Wholesalers
|