Date | General Journal | Debit | Credit |
Sept. 15 | No Entry Required | $ - | |
$ - | |||
Sept. 29 | Advance to Supplier | $ 30,000 | |
Cash | $ 30,000 | ||
[To record advance paid to supplier] | |||
Oct. 2 | Purchases | $ 30,000 | |
Advance to Supplier | $ 30,000 | ||
(To record purchases) |
• Mavtech, a computer trading company placed an order for 30 computers on September 15th on...
ONLY NEED HELP WITH THE STATEMENT OF CASH FLOWS PORTION> Computer Depot was incorporated on January 1st. The business maintains a retail personal computer replacement parts store, and also provides a full range of services, including computer diagnostic services, virus removal, hardware replacement, software installation and upgrades, and optimization services. The following transactions occurred during the first twelve months of operations: January 1st Common stock is issued in exchange for cash in the amount of ………….………….……………………… 350,000 February 8th The...
YOUR COMPANY Income Statement For the year ended January 31, 2019 Sales revenue (net) 55,432 Cost of goods sold -9,778 Gross profit 45,704 Operating expenses: Selling expenses 2,598 General & administrative expenses 25,869 Depreciation expense 8,548 Total operating expenses 38,015 Operating Income 9,089 Other items: Interest expense -3,253 Loss on sale of equipment 625 3,878 Net Income 4,811 YOUR COMPANY Statement of Cash Flows For the year ended January 31st, 2019 Cash Flows from Operating Activities Net Income Adjustments for...
How can we assess whether a project is a success or a failure? This case presents two phases of a large business transformation project involving the implementation of an ERP system with the aim of creating an integrated company. The case illustrates some of the challenges associated with integration. It also presents the obstacles facing companies that undertake projects involving large information technology projects. Bombardier and Its Environment Joseph-Armand Bombardier was 15 years old when he built his first snowmobile...