Reference no: EM13954777
The following transactions occurred during March 2016 for the Wainwright Corporation. The company owns and operates a wholesale warehouse.
1. Issued 30,000 shares of common stock in exchange for $300,000 in cash.
2. Purchased equipment at a cost of $40,000. $10,000 cash was paid and a note payable was signed for the balance owed.
3. Purchased inventory on account at a cost of $90,000. The company uses the perpetual inventory system
4. Credit sales for the month totaled $120,000. The cost of the goods sold was $70,000
5. Paid $5,000 in rent on the warehouse building for the month of March
6. Paid $6,000 to an insurance company for fire and liability insurance for a one-year period beginning April 1, 2016
7. Paid $70,000 on account for the merchandise purchased in 3
8. Collected $55,000 from customers on account
9. Recorded depreciation expense of $1,000 for the month on the equipment.
Required:
Analyze each transaction and show the effect of each on the accounting equation for a corporation.
(Amounts to be deducted should be indicated by a minus sign. Enter the net change on the accounting equation.)
|
Identify themanual handling needs of the client
: Demonstrate transferring a client from bed to chair using mechanical lifter (hoist) - verbally explain with the RN,your evaluation of the effectiveness of the manual handling you completed.
|
|
How long is earth measurement of their warm up time
: The spacecraft launches a missile towards earth at a velocity of 0.900c measured relative to their ship. What speed does an earth based measurement show for the approach of the missile?
|
|
Develop an mrp schedule to meet demand
: A company manufactures two types of DVD players, A and B. Although there are differences among the products, there are a number of common parts within each player. Develop an MRP schedule to meet demand. Determine how much of each raw material I and ..
|
|
Discuss the basis for the negative citations
: Using the Westlaw Key Cite feature, key cite the Brown case (citation 810 F.Supp. 644). Are there any negative citing sources? If so, provide the case citations and briefly discuss the basis for the negative citations.
|
|
Wainwright corporation
: Analyze each transaction and show the effect of each on the accounting equation for a corporation
|
|
Executive information systems-enterprise information portals
: Explain how the following information systems can support the information needs of executives, managers, and business professionals: a. Executive information systems b. Enterprise information portals c. Knowledge management systems
|
|
How would you feel working in a department with couple
: Some companies like Nike and Southwest Airlines openly try to recruit couples. Do you think is a good idea? How would you feel working in a department with couple?
|
|
Discuss the importance of language in business
: The European Union believes that knowledge of foreign languages is an important factor in business today. Discuss the importance of language in business. How will the European Union's program help British business people gain an edge over their rival..
|
|
Comment on any significant findings
: Using the selected data, prepare a horizontal analysis for Bayberry Office Plus. Comment on any significant findings.
|