Businesses collect and store data on us all of the time. They use this data in marketing, providing products and services and conducting business with us. Have you ever thought about all the places where your information might be stored digitally? Think about the myriads of databases out there that might be capturing and storing your information as you conduct...
Liu Zhang operates Lawson Consulting, which began operations in June 1st. The Retained Earnings account balance at June 1st was $0 and the owner invested $13,010 cash in the company on June 1. On June 30th the company's records show the following accounts and amounts for the month of June.Cash$5,500Dividends$1,600Accounts receivable4,600Service revenue12,300Equipment6,600Rent expense2,100Accounts payable3,090Wages expense8,000Common stock13,010Use the above information to...
D. What is the amount of interest payable as of December 31 Year 1. (Do not round intermediate calculations. Round your answer to the nearest whole dollar) E. What amount of cash will Leach pay for interest expense in Year 2. F. What amount of interet expense will Leach recognize in Year 2? (Do not round intermediate calculations. Round youe...
please help PR 6-3A Budgeted income statement and supporting budgets OBJ.4 The budget director of Feathered Friends Inc., with the assistance of the controller, trea- surer, production manager, and sales manager, has gathered the following data for use in developing the budgeted income statement for December 2016: a. Estimated sales for December: Bird house. Bird feeder.... 3,200 units at $50...
PR 21-3B Budgeted income statement and supporting budgets Obj. 4 4. Total direct labor cost in Assembly Dept. The budget director of Gold Medal Athletic Co., with the assistance of the controller, treasurer production manager, and sales manager, has gathered the following data for use in developing the budgeted income statement for March: A. Estimated sales for March: $171,766 Batting...
Please Solve only Problems 6, 7 and 8 Chapter 22 Homework PR 22-3A Budgeted income statement and supporting budgets OBJ. 4 The budget director of Feathered Friends Inc., with the assistance of the controller, trea- surer, production manager, and sales manager, has gathered the following data for use in developing the budgeted income statement for December 2016: a. Estimated sales...
Determine which accounts increase and/or decrease for each of the transactions. 1B-6. (Similar to problem 1B-2) Show the effect on the accounting equation of the following events for the APRIL Company. Example: Investors purchased common stock in APRIL for $1,000 cash. Answer: Assets (cash) increased Owners' equity (common stock) increased APRIL borrowed $8,000 from the bank on a note. a....
can someone create a journal entry for this using these accounts below: also do number 3 and 4. this is the second part Complete the accounting cycle - Journal entries in panel For the past several years, Jeff Horton has operated a part-time consulting business from his home. As of April 1, 2020 Jeff, decided to move to rented quarters...
Carla Vista Company expects to have a cash balance of $64,400 on January 1, 2022. These are the relevant monthly budget data for the first two months of 2022. 1. Collections from customers: January $99,400, February $204,400. 2. Payments to suppliers: January $56,000, February $105,000. 3. Wages: January $42,000, February $56,000. Wages are paid in the month they are incurred....
The following are the transactions of the Goodrow Athletic Club for the six months ended 30 June 2000. The only assets and liabilities of the club at 1 January 2000. Cash in hand Furniture 112 700 96 730 Creditors Subscriptions due for the six months Subscriptions received in cash (including R50 in advance for July) Amount paid for purchase of...