Reference no: EM131795232
Problem - On November 1 of the current year, Lois Bell began Lois Bell, Interior Design with an initial investment of $50,000 cash. On November 30 her records showed the following (alphabetically arranged) items and amounts:
Problem 1- From the information given, prepare a November income statement.
Problem 2 - Dolly Barton began Barton Office Services in October and during that month completed these transactions:
(a) Invested $10,000 cash, and $15,000 of computer equipment.
(b) Paid $500 cash for an insurance premium covering the next 12 months.
(c) Completed a word processing assignment for a customer and collected $1,000 cash.
(d) Paid $200 cash for office supplies.
(e) Paid $2,000 for October's rent.
Prepare journal entries to record the above transactions. Explanations are unnecessary.
Problem 3 - Prior to recording adjusting entries on December 31, a company's Store Supplies account had an $880 debit balance. A physical count of the supplies showed $325 of unused supplies available as of December 31. Prepare the required adjusting entry.
|
What is the project payback period
: An investment project costs $100,000. ll is expected to have an annual net cash flow of $40,000 for 5 years. What is the project's payback period?
|
|
Report and interpret the correct p-value
: One of the following figures is correct. Indicate which graph matches the alternative hypothesis, p > 0.38.
|
|
Explaining the unbiased expectations theory
: Suppose that the current 1-year rate (1-year spot rate) and expected 1-year T-bill rates over the following three years (i.e., years 2, 3, and 4, respectively).
|
|
Manufacturing industry in malaysia
: An article about the changes in the manufacturing industry in Malaysia, how it grows and how it effects the GDP?
|
|
Prepare a november income statement
: On November 1 of the current year, Lois Bell began Lois Bell, From the information given, prepare a November income statement
|
|
Embrace liberal economic policies
: Where do we see countries starting to embrace liberal economic policies and becoming prosperous as a result
|
|
What was the amount of inventory purchased during the year
: Cost of goods sold is $9,750. According to the cost of goods sold model, what was the amount of inventory purchased during the year
|
|
Which security would choose for the interest rate
: Suppose that the interest rate on a taxable corporate bond is 5.20 percent and that your marginal tax rate is 32 percent. Suppose a tax free municipal bond.
|
|
Role in changing depreciation methods
: ACC701 - role in changing depreciation methods - stakeholders and the impact - Students must provide 8 academic references to support their response
|