Q1. Jesse James graduated from high school in Wawanesa and decided to start his own business...
During the summer between his junior and senior years, James Cook needed to earn sufficient money for the coming academic year. Unable to obtain a job with a reasonable salary, he decided to try the lawn care business for three months. After a survey of the market potential, James bought a used pickup truck on June 1 for $1,800. On each door he painted "James Cook Lawn Service, Phone 471-4487." He also spent $900 for mowers, trimmers, and tools. To...
Semester Case - My Assistant In August, W.1. decided his goal of a $500 cash balance was a bit too conservative. After all, he'd like to be able to spend the money he earns from the business. As a result, he paid himself a salary of $400 for the month of August. Beginning balances reflected below include that payment. During the remainder of the calendar year (September-December), My Assistant, Inc. continued to grow and 500 jobs were completed in total....
Semester Case - My Assistant In August, W.1. decided his goal of a $500 cash balance was a bit too conservative. After all he'd like to be able to spend the money he earns from the business. As a result, he paid himself a salary of $400 for the month of August. Beginning balances reflected below include that payment. During the remainder of the calendar year (September-December). My Assistant, Inc. continued to grow and 500 jobs were completed in total....
In his own words, Daniel Jones was 'The Dude." With his waist-long dreadlocks, part-time rock band, and well- paid job managing a company's online search directory--he seemed to have it all. Originally from Germany, Jones, now age 32, earned his doctorate and taught at the University of Munich before coming to the United States, where he started his career in computers. When Jones started working with the company as a director of operations for U.S.-Speech Engineering Service and Retrieval Technology-he...
Need help asap! Part II: One comprehensive question: Q1 Sammi Sung is a recent business school graduate and budding entrepreneur. Sammi thinks that hot, fresh, and delicious cookies available all day long on university campuses is a surefire way to make money. Sammi had been toying with this idea for a couple of years and recently he finalized what he thinks is the perfect chocolate chip cookie recipe. His friends think the cookies are the best they ever tasted. Sammi...
(Overnight) Michael McBryan, an experienced auto mechanic, opens his own automotive repair business, Overnight Auto Service. A distinctive feature of Overnight's business is that all repair work is done at night. This strategy offers customers the convenience of dropping off their cars in the evening and picking them up the following morning. Operating at night also enables Overnight to minimize its labor costs. Instead of hiring full-time employees, Overnight offers part-time work to mechanics who already have day jobs at...
In 1985 Bill Thomas took $6,000 of his savings, borrowed another $4,000 from his best friend, and opened a bike rental business in Vienna, VA. The rental shop is adjacent to the Washington & Old Dominion Trail (W&OD) that goes from Purcellville to Old Town Alexandria (45 miles), connects to the Mt Vernon Trail (18 miles) and ends at George Washington’s Mt Vernon Estate. Bill, bought 10 bikes for his first store. The location has parking, and is near the...
continuation of Questions 7 is below pls Ignitia Enterprises is into mobile phone business. The following balances appeared in the books of Ignitia Enterprises as at 3kt December, 2019 Gha'ooo Fixed Assets 40,000 Stock 7,500 Debtors 2,500 Cash & Bank 10,000 60,000 Capital 48,000 Creditors 12, 000 6o, ooo show the effect of each of the following transactions on the Balance sheet of Ignitia Enterprises (1) On January 1, 2020, she brought in additional Capital of $10m cheque. ii) On...
Rush Inuit is an impulsive, fly-by-the-seat-of-his-pants kind of guy. His best friend, Stu Earley, is the exact opposite – cautious and reluctant. The two are recent UNCG graduates who roomed together all … ahem … eight years. You know who they are even though they graduated last year because everyone on campus knows Rush and Stu – they’re legends on the social scene. To make ends meet during college, Rush and Stu organized fun trips to exciting destinations and charged...
JOURNAL ENTRIES AND T-ACCOUNT ILLUSTRATION PROBLEM Jim Wooldridge decides to start a new business, Wooly Consulting, a firm specializing in placing out of work coaches with jobs, giving coaching seminars and public speaking engagements. During the month of June 20XX he completed the following transactions: Required: Step 1: Prepare general journal entries to record the transactions in the provided general journal, Read the preparation tips that appear after the transactions on the next page NOWI Step 2: Post the entry...