Reference no: EM132825655
Problem - Garwood Marine is a boat repair yard, During August its transactions included the following.
1. On August 1 paid rent for the month of August $4,400.
2. On August 2, the owner Michael Garwood invested $60,000 cash in his own business.
3. On August 3, at request of Kiwi Insurance company made repairs on boat of Michael Fay. Sent bill for 5,620 for services rendered to Kiwi insurance company.
4. On August 8, purchased land for space the value of the land is $30,000. Paid $15,000 cash and signed a notes payable for the remaining balance.
5. On August 14, placed advertisement in Yachting World to be published in issue of August at cost of $165, payment to be made within 30 days.
6. On August 25 received a check (cash) for $5,620 from Kiwi Insurance company representing collectables of the receivables of August 3.
7. On August 30 sent check (cash) of $165 to Yachting World in payment of the liability.
8. On August 31, Michael Garwood owner of Garwood Marine withdrew 7,600 from the business for personal use.
Required - Prepare Journal entries from the above business transactions.
|
What the amount of factory overhead is
: What the amount of factory overhead that Kaumajet Factory will allocate to each unit of table lamp using the multiple production department factory overhead
|
|
Are you more comfortable with one type over another
: What ethical issues are specific to each one and then to both? What types of research do you see as a "good fit" with certain populations, issues, or agencies?
|
|
Which action of john marketing company is justified by
: Which action of John Marketing Company is justified by? The John Marketing Company provides advertising services to an investment company in year A
|
|
Statement of financial position
: Discuss why, despite an entity investing in staff training and development, the statement of financial position does not contain an asset relating to human res
|
|
Prepare journal entries from the business transactions
: On August 2, the owner Michael Garwood invested $60,000 cash in his own business. Prepare Journal entries from the business transactions
|
|
Make the journal entries on the books of grouper ltd
: Make the journal entries on the books of Grouper Ltd. to revalue the building on December 31, 2019 and December 31, 2021 using the asset adjustment method.
|
|
Discuss the impact of physician practice patterns
: Discuss the impact of physician practice patterns on the results of the hospital operating budget and capital budget.
|
|
Discuss the problem gap identified
: Discuss the problem gap identified, and how it supported by the literature, the main researchers who have investigated the issue and your review
|
|
Propose comprehensive measures and road map
: Being as consultant, propose comprehensive measures and road map that can improve organizational environment which may lead to better organizational performance
|