The following selected transactions were completed by Capers Company during October of the current year:

Journalize the entries to record the transactions of Capers Company for October. Refer to the Chart of Accounts for exact wording of account titles.

Purchases, Accounts Payable Subsidiary Account, and Accounts Payable Ledger Sterling Forest Landscaping designs and installs landscaping.

The landscape designers and office staff use office supplies, while field supplies (rock, bark, etc.) are used in the actual landscaping. Purchases on account completed by Sterling Forest Landscaping during October are as follows:

1. Oct. 2.		Purchased office supplies on account from Meade Co., $5,200.
   5.		Purchased office equipment on account from Peach Computers Co., $7,480.
   9.		Purchased office supplies on account from Executive Office Supply Co., $540.
   13.		Purchased field supplies on account from Yamura Co., $5,920.
   14.		Purchased field supplies on account from Omni Co., $780.
   17.		Purchased field supplies on account from Yamura Co., $14,080.
   24.		Purchased field supplies on account from Omni Co., $3,970.
   29.		Purchased office supplies on account from Executive Office Supply Co., $350.
   31.		Purchased field supplies on account from Omni Co., $5,190.

   Note: Posting references have been provided.

   Required:

   1. Insert the following balances in the general ledger as of October 1:

   14	Field Supplies	$10,590
   15	Office Supplies	2,430
   18	Office Equipment	35,720
   21	Accounts Payable	9,090

   After completing the recording of transactions in part 3, post the purchases journal to the accounts in the general ledger. If an amount box does not require an entry, leave it blank.

   GENERAL LEDGER
   					Balance
   Date	Item	Post. Ref.	Debit	Credit	Dr.	Cr.
   Account: Field Supplies #14
   Oct. 1	Balance	✔
   		P30
   Account: Office Supplies #15
   Oct. 1	Balance	✔
   		P30
   Account: Office Equipment #18
   Oct. 1	Balance	✔
   		P30
   Account: Accounts Payable #21
   Oct. 1	Balance	✔
   		P30

   2. Insert the following balances in the accounts payable subsidiary ledger as of October 1:

   Executive Office Supply Co.	$3,000
   Meade Co.	6,090
   Omni Co.	-
   Peach Computers Co.	-
   Yamura Co.	-

   After completing the recording of transactions in part 3, post to the creditor accounts in the accounts payable subsidiary ledger immediately after each entry. If an amount box does not require an entry, leave it blank.

   ACCOUNTS PAYABLE SUBSIDIARY LEDGER
   Date	Item	Post. Ref.	Debit	Credit	Balance
   Account: Executive Office Supply Co.
   Oct. 1	Balance	✔
   		P30
   		P30
   Account: Meade Co.
   Oct. 1	Balance	✔
   		P30
   Account: Omni Co.
   		P30
   		P30
   		P30
   Account: Peach Computers Co.
   		P30
   Account: Yamura Co.
   		P30
   		P30

   3. Journalize the transactions for October (in chronological order), using the purchases journal below (p. 30) similar to the one illustrated in this chapter. Post to the creditor accounts in the accounts payable subsidiary ledger (in part 2) immediately after each entry.

   4. Post the purchases journal to the accounts in the general ledger (in part 1). If an amount box does not require an entry, leave it blank.

   If no other account is needed in the "Other Accounts Dr." column select "No entry required".

   PURCHASES JOURNAL								PAGE 30
   Date	Account Credited	Post. Ref.	Accounts Payable Cr.	Field Supplies Dr.	Office Supplies Dr.	Other Accounts Dr.	Post. Ref.	Amount
   Oct. 2		✔
   Oct. 5		✔
   Oct. 9		✔
   Oct. 13		✔
   Oct. 14		✔
   Oct. 17		✔
   Oct. 24		✔
   Oct. 29		✔
   Oct. 31		✔
   Oct. 31
   								(✔)

   5a. What is the sum of the creditor balances in the subsidiary ledger at October 31?
   $

   5b. What is the balance of the accounts payable controlling account at October 31?
   $

   6. What type of e-commerce application would be used to plan and coordinate transactions with suppliers?

Describe the changes in style, political issues, political parties, and participation in American politics during the “Jacksonian Era.” To what extent does this era represent an expansion of democracy in America.

At the beginning of October, Bowser Co.’s inventory consists of 59 units with a cost per unit of $41. The following transactions occur during the month of October

October 4 Purchase 121 units of inventory on account from Waluigi Co. for $50 per unit, terms 2/10, n/30.

October 5 Pay cash for freight charges related to the October 4 purchase, $530.

October 9 Return 15 defective units from the October 4 purchase and receive credit.

October 12 Pay Waluigi Co. in full.

October 15 Sell 151 units of inventory to customers on account, $12,080. [ Hint: The cost of units sold from the October 4 purchase includes $50 unit cost plus $5 per unit for freight less $1 per unit for the purchase discount, or $54 per unit.]

October 19 Receive full payment from customers related to the sale on October 15.

October 20 Purchase 91 units of inventory from Waluigi Co. for $61 per unit, terms 2/10, n/30.

October 22 Sell 91 units of inventory to customers for cash, $7,280.

Suppose by the end of October that the remaining inventory is estimated to have a net realizable value per unit of $35. Record any necessary adjustment for lower of cost and net realizable value.

Prepare the top section of the multiple-step income statement through gross profit for the month of October after the adjustment for lower of cost and net realizable value.

The following selected transactions were completed by Capers Company during October of the current year:

Journalize the entries to record the transactions of Capers Company for October. Refer to the Chart of Accounts for exact wording of account titles.

Chart of Accounts

Journal

Journalize the entries to record the transactions of Capers Company for October. Refer to the Chart of Accounts for exact wording of account titles.

PAGE 10

JOURNAL

1. Why was slavery adopted in the British North American colonies? What impact did slavery have on the development of racial ideology in Anglo-American culture and society?

2. How were indigenous Americans affected by European colonization of North America and the subsequent War of Independence?

3. What were the causes of the American Revolution? Put another way by the textbook, “Were colonists primarily motivated by constitutional principles, ideals of equality, or economic self-interest?” Did women, Black Americans, and American Indians benefit from the Revolution?

350 WORDS ON WHY PEOPLE FIND IT HARD TO MATURE (parental sheltering, bad experience with friends early on, environmental experiences) -

An Employee Benefits Research Institute survey of 1250 workers over the ages of 25 collected opinions on the health care system in America and on retirement planning. The American health care system was rated as poor by 388 of the respondents.

What is the point estimate of the population proportion of workers over 25 who rate the American health care system as poor.

GALE has developed a prototype for a new snow blower for the consumer market. This can exploit the company’s expertise in small-gasoline-engine technology and also balance seasonal demand cycles in the North American and European markets to provide additional revenues during the winter months. Initially, GALE faces two possible decisions: introduce the product globally at a cost of $900,000 or evaluate it in a North American test market at a cost of $300,000. If it introduces the product globally, GALE might find either a high or low response to the product. Probabilities of these events are estimated to be 0.6 and 0.4, respectively. With a high response, gross revenues of $1,800,000 are expected; with a low response, the figure is $500,000. If it starts with a North American test market, it might find a high response or a low response with probabilities 0.5 and 0.5, respectively. This may or may not reflect the global market potential. In any case, after conducting the marketing research, GALE next needs to decide whether to keep sales only in North America, market globally, or drop the product. If the North American response is high and GALE stays only in North America, the expected revenue is $1,000,000. If it markets globally (at an additional cost of $200,000), the probability of a high global response is 0.8 with revenues of $1,800,000 ($500,000 if the global response is low). If the North American response is low and it remains in North America, the expected revenue is $200,000. If it markets globally (at an additional cost of $600,000), the probability of a high global response is 0.1, with revenues of $1,800,000 ($500,000 if the global response is low).

Your consulting team needs to perform the following task:

Evaluate the sensitivity of the optimal strategy to changes in the probability estimate of the response in the North American test market.