Questions
PLEASE READ CAREFULLY BEFORE STARTING THE ASSIGNMENT!!! I ALREADY HAVE ANSWERS FOR THE FIRST JOURNAL TABLE...

PLEASE READ CAREFULLY BEFORE STARTING THE ASSIGNMENT!!! I ALREADY HAVE ANSWERS FOR THE FIRST JOURNAL TABLE AS YOU CAN SEE BELOW, BUT I DON'T HAVE THE ANSWER FOR THE SECOND JOURNAL TABLE. I FOUND MANY ANSWERS FOR THE SECOND TABLE HERE ON CHEGG. BUT NOT ONE HAS A CORRECT ANSWER. FOR SOME OF THEM IT'S COMPLETELY DIFFERENT ANSWERS ALTHOUGH THE QUESTION IS THE SAME. PLEASE ANSWER THAT TABLE CAREFULLY AND CORRECTLY. USE THE SAME EXACT TABLE THAT I PROVIDED BELOW WITH THE CORRECT DATES, ACCOUNT TITLES AND AMOUNT. MAKE SURE THERE'S NO EXTRA OR ANY LESS ENTRY THAN THE EXACT NUMBER OF ENTRIES THAT'S SUPPSOED TO BE THERE AS PROVIDED IN THE TABLE BELOW.

The following selected transactions were completed by Amsterdam Supply Co., which sells office supplies primarily to wholesalers and occasionally to retail customers. Note that the company uses a clearing house to take care of all bank as well as non-bank credit cards used by its customers.

Record on page 10 of the journal

Mar. 2 Sold merchandise on account to Equinox Co., $18,900, terms FOB destination, 1/10, n/30. The cost of the merchandise sold was $13,300.
3 Sold merchandise for $11,350 plus 6% sales tax to retail cash customers. The cost of merchandise sold was $7,000.
4 Sold merchandise on account to Empire Co., $55,400, terms FOB shipping point, n/eom. The cost of merchandise sold was $33,200.
5 Sold merchandise for $30,000 plus 6% sales tax to retail customers who used MasterCard. The cost of merchandise sold was $19,400.
12 Received check for amount due from Equinox Co. for sale on March 2.
14 Sold merchandise to customers who used American Express cards, $13,700. The cost of merchandise sold was $8,350.
16 Sold merchandise on account to Targhee Co., $27,500, terms FOB shipping point, 1/10, n/30. The cost of merchandise sold was $16,000.
18 Issued credit memo for $4,800 to Targhee Co. for merchandise returned from sale on March 16. The cost of the merchandise returned was $2,900.

Record on page 11 of the journal

19 Sold merchandise on account to Vista Co., $8,250, terms FOB shipping point, 2/10, n/30. Added $75 to the invoice for prepaid freight. The cost of merchandise sold was $5,000.
26 Received check for amount due from Targhee Co. for sale on March 16 less credit memo of March 18.
28 Received check for amount due from Vista Co. for sale of March 19.
31 Received check for amount due from Empire Co. for sale of March 4.
31 Paid Fleetwood Delivery Service $5,600 for delivery of merchandise in March to customers under shipping terms of FOB destination.
Apr. 3 Paid City Bank $940 for service fees for handling MasterCard and American Express sales during March.
15 Paid $6,544 to state sales tax division for taxes owed on sales.

Journalize the entries to record the transactions of Amsterdam Supply Co. Refer to the Chart of Accounts for exact wording of account titles.

CHART OF ACCOUNTSAmsterdam Supply Co.General Ledger

ASSETS
110 Cash
121 Accounts Receivable-Empire Co.
122 Accounts Receivable-Equinox Co.
123 Accounts Receivable-Targhee Co.
124 Accounts Receivable-Vista Co.
125 Notes Receivable
130 Merchandise Inventory
131 Estimated Returns Inventory
140 Office Supplies
141 Store Supplies
142 Prepaid Insurance
180 Land
192 Store Equipment
193 Accumulated Depreciation-Store Equipment
194 Office Equipment
195 Accumulated Depreciation-Office Equipment
LIABILITIES
210 Accounts Payable
216 Salaries Payable
218 Sales Tax Payable
219 Customer Refunds Payable
221 Notes Payable
EQUITY
310 Owner, Capital
311 Owner, Drawing
312 Income Summary
REVENUE
410 Sales
610 Interest Revenue
EXPENSES
510 Cost of Merchandise Sold
521 Delivery Expense
522 Advertising Expense
524 Depreciation Expense-Store Equipment
525 Depreciation Expense-Office Equipment
526 Salaries Expense
531 Rent Expense
533 Insurance Expense
534 Store Supplies Expense
535 Office Supplies Expense
536 Credit Card Expense
539 Miscellaneous Expense
710 Interest Expense

Journalize the entries to record the transactions of Amsterdam Supply Co. Refer to the Chart of Accounts for exact wording of account titles. Scroll down for page 11 of the journal.

How does grading work?

PAGE 10

JOURNAL

ACCOUNTING EQUATION

Score: 400/400

DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY

1

Mar. 2

Accounts Receivable-Equinox Co.

18711

2

Sales

18711

3

Mar. 2

Cost of Merchandise Sold

13300

4

Merchandise Inventory

13300

5

Mar. 3

Cash

12031

6

Sales

11350

7

Sales Tax Payable

681

8

Mar. 3

Cost of Merchandise Sold

7000

9

Merchandise Inventory

7000

10

Mar. 4

Accounts Receivable-Empire Co.

55400

11

Sales

55400

12

Mar. 4

Cost of Merchandise Sold

33200

13

Merchandise Inventory

33200

14

Mar. 5

Cash

31800

15

Sales

30000

16

Sales Tax Payable

1800

17

Mar. 5

Cost of Merchandise Sold

19400

18

Merchandise Inventory

19400

19

Mar. 12

Cash

18711

20

Accounts Receivable-Equinox Co.

18711

21

Mar. 14

Cash

13700

22

Sales

13700

23

Mar. 14

Cost of Merchandise Sold

8350

24

Merchandise Inventory

8350

25

Mar. 16

Accounts Receivable-Targhee Co.

27225

26

Sales

27225

27

Mar. 16

Cost of Merchandise Sold

16000

28

Merchandise Inventory

16000

29

?Mar. 18

Customer Refunds Payable

4752

30

Accounts Receivable-Targhee Co.

4752

31

Mar. 18

Merchandise Inventory

2900

32

Estimated Returns Inventory

2900

DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

In: Accounting

Identify the policy, and affiliated legislation, that is likely to have the most  beneficial effect upon entrepreneurial...

Identify the policy, and affiliated legislation, that is likely to have the most  beneficial effect upon entrepreneurial activity in South Africa. Describe the chosen policy (and legislation) in a detailed manner. Conclude the discussion with a full, and well-motivated, explanation of why you think that the chosen policy (and legislation) is detrimental to South African entrepreneurs.

In: Economics

A high-voltage power line carries a current of 122 A at a location where the Earth's...

A high-voltage power line carries a current of 122 A at a location where the Earth's magnetic field has a magnitude of 0.59 G and points to the north, 68 ∘ below the horizontal.

Find the direction of the magnetic force exerted on a 330 mm length of wire if the current in the wire flows horizontally toward the east.

A:force points toward north, 22 ∘∘ above the horizontal

B:force points toward north, 68 ∘∘ above the horizontal

C:force points toward south, 22 ∘∘ above the horizontal

D:force points toward south, 22 ∘∘ below the horizontal

Find the magnitude of the magnetic force exerted on a 330 m length of wire if the current in the wire flows horizontally toward the east. (N)

Find the direction of the magnetic force exerted on a 330 m length of wire if the current in the wire flows horizontally toward the south.

Find the magnitude of the magnetic force exerted on a 330 mm length of wire if the current in the wire flows horizontally toward the south.

In: Physics

A straight vertical wire carries a current of 1.55A downward in a region between the poles...

A straight vertical wire carries a current of 1.55A downward in a region between the poles of a large electromagnet where the field strength is 0.580T and is horizontal.

Part A: What are the direction of the magnetic force on a 1.00cm section of this wire if the magnetic-field direction is toward the east?

Part B: What are the magnitude of the magnetic force on a 1.00cm section of this wire if the magnetic-field direction is toward the east?

Part C: What are the direction of the magnetic force on a 1.00cm section of this wire if the magnetic-field direction is toward the south?

Part D: What are the magnitude of the magnetic force on a 1.00cm section of this wire if the magnetic-field direction is toward the south?

Part E:

What are the direction of the magnetic force on a 1.00cm section of this wire if the magnetic-field direction is 30.0o south of west ? Please, enter your answer as an angle's value north of west.

Part F: What are the magnitude of the magnetic force on a 1.00cm section of this wire if the magnetic-field direction is 30.0o south of west ?

In: Physics

Write a 200-250 word summary of this passage: The Government’s Position on Illegal Mining             Laws...

Write a 200-250 word summary of this passage:

The Government’s Position on Illegal Mining

            Laws in South Africa prohibit any one without a license to mine or process gold. However, local authorities lack the manpower needed to properly monitor the thousands of abandoned mine shafts. The South African government is concerned that the large number of “freelance” miners, coupled with a decline in some sectors (e.g. gold) is having a significant negative impact on tax revenues. South Africa’s Chamber of Mines, an industry association, estimates that South Africa loses about 5% of its potential annual mineral production to illegal mining. This lost production is valued at around $2 billion. The government estimated that in 2010, it had lost approximately $500 million in tax revenues and [lost] export revenue due to illegal mining 8). These lost funds could have been used to support much-needed social service programs for the country’s poor and unemployed.   

In: Economics

Decision on Accepting Additional Business Miramar Tire and Rubber Company has capacity to produce 238,000 tires....

Decision on Accepting Additional Business

Miramar Tire and Rubber Company has capacity to produce 238,000 tires. Miramar presently produces and sells 182,000 tires for the North American market at a price of $101.00 per tire. Miramar is evaluating a special order from a South American automobile company, Rio Motors. Rio Motors is offering to buy 28,000 tires for $82.45 per tire. Miramar’s accounting system indicates that the total cost per tire is as follows:

  Direct materials $38
  Direct labor 14
  Factory overhead (70% variable) 23
  Selling and administrative expenses (30% variable) 20
  Total $95

Miramar pays a sales commission equal to 5% of the selling price on North American orders, which is included in the variable portion of the selling and administrative expenses. However, this special order would not have a sales commission. If the order was accepted, the tires would be shipped overseas for an additional shipping cost of $6.00 per tire. In addition, Rio has made the order conditional on Miramar Tire and Rubber Company receiving a Brazilian safety certification. Rio estimates that this certification would cost Miramar Tire $151,200.

a. Prepare a differential analysis report for the proposed sale to Rio Motors. Round your answers to the nearest cent.

Miramar Tire And Rubber Company
Sell to Rio Motors
Differential Analysis Report
Per Unit Total
Differential revenue from accepting special offer $ $
Differential costs from accepting special offer:
(Enter per unit cost amounts as positive values; enter the per unit cost savings as a negative value).
Direct materials $
Direct labor
Variable factory overhead
Variable selling and administrative
Less avoided sales commission
Additional shipping costs
Variable special offer product cost $ $
Incremental certification costs
Total differential costs $
Differential income from accepting special order $

b. What is the minimum price per unit that would be financially acceptable to Miramar? Round your answer to the nearest cent.
$

In: Accounting

Slavery in the Northern and South of USA

During and after slavery. Northerners increasingly had second thoughts about emancipating enslaved blacks. Is this true? Why? What were their reasons?

In: History

Economical analysis of South Korea

Economical analysis of South Korea

In: Economics

essay poverty in south Africa

essay poverty in south Africa

In: Economics

Does deflation ever happen?

Does deflation ever happen? ( The Great recession of United States of America)

In: Economics