| JOURNAL | PAGE 1 | |||
| Date | Account Title | Post. Ref. | Debit | Credit |
| 2018 | ||||
| Apr. 1 | Cash | 20000 | ||
| Accounts receivable | 14700 | |||
| Supplies | 3300 | |||
| Office equipment | 12000 | |||
| Common stock | 50000 | |||
| (To record common stock issued) | ||||
| Apr. 1 | Prepaid rent | 6000 | ||
| Cash | 6000 | |||
| (To record rent prepaid) | ||||
| Apr. 2 | Prepaid insurance | 4200 | ||
| Cash | 4200 | |||
| (To record insurance prepaid) | ||||
| Apr. 4 | Cash | 9400 | ||
| Unearned fees | 9400 | |||
| (To record advance collected from customers) | ||||
| Apr. 5 | Office equipment | 8000 | ||
| Accounts payable | 8000 | |||
| (To record office equipment purchased on account) | ||||
| Apr. 6 | Cash | 11700 | ||
| Accounts receivable | 11700 | |||
| (To record collection on account) | ||||
| Apr. 10 | Miscellaneous expense | 350 | ||
| Cash | 350 | |||
| (To record advertising expense paid) | ||||
| Apr. 12 | Accounts payable | 6400 | ||
| Cash | 6400 | |||
| (To record collection on account) | ||||
| Apr. 12 | Accounts receivable | 21900 | ||
| Fees earned | 21900 | |||
| (To record fees earned on account) | ||||
| Apr. 14 | Salary expense | 1650 | ||
| Cash | 1650 | |||
| (To record salary paid) | ||||
| JOURNAL | PAGE 2 | |||
| Date | Account Title | Post. Ref. | Debit | Credit |
| 2018 | ||||
| Apr. 17 | Cash | 6600 | ||
| Fees earned | 6600 | |||
| (To record cash fees earned) | ||||
| Apr. 18 | Supplies | 725 | ||
| Cash | 725 | |||
| (To record purchase of supplies) | ||||
| Apr. 20 | Accounts receivable | 16800 | ||
| Fees earned | 16800 | |||
| (To record fees earned on account) | ||||
| Apr. 24 | Cash | 4450 | ||
| Fees earned | 4450 | |||
| (To record cash fees earned) | ||||
| Apr. 26 | Cash | 26500 | ||
| Accounts receivable | 26500 | |||
| (To record collection on account) | ||||
| Apr. 27 | Salary expense | 1650 | ||
| Cash | 1650 | |||
| (To record salary paid) | ||||
| Apr. 29 | Miscellaneous expense | 540 | ||
| Cash | 540 | |||
| (To record telephone bill paid) | ||||
| Apr. 30 | Miscellaneous expense | 760 | ||
| Cash | 760 | |||
| (To record electricity bill paid) | ||||
| Apr. 30 | Cash | 5160 | ||
| Fees earned | 5160 | |||
| (To record cash fees earned) | ||||
| Apr. 30 | Accounts receivable | 2590 | ||
| Fees earned | 2590 | |||
| (To record fees earned on account) | ||||
| Apr. 30 | Dividends | 18000 | ||
| Cash | 18000 | |||
| (To record dividends paid) | ||||
Note: The advertising, telephone, and electricity expenses are debited to miscellaneous expense since there are no separate expense accounts provided for the same.
| GENERAL JOURNAL | PAGE 3 | |||
| Date | Account Title | Post. Ref. | Debit | Credit |
| 2018 | Adjusting Entries | |||
| a. Apr. 30 | Insurance expense | 350 | ||
| Prepaid insurance | 350 | |||
| (To record expired insurance) | ||||
| b. Apr. 30 | Supplies expense | 2800 | ||
| Supplies (3300 + 725 -1225) | 2800 | |||
| (To record supplies used) | ||||
| c. Apr. 30 | Depreciation expense | 400 | ||
| Accumulated depreciation | 400 | |||
| (To record depreciation expense) | ||||
| d. Apr. 30 | Salary expense | 275 | ||
| Salaries payable | 275 | |||
| (To record salary accrued) | ||||
| e. Apr. 30 | Rent expense | 2000 | ||
| Prepaid rent | 2000 | |||
| (To record expired rent) | ||||
| f. Apr. 30 | Unearned fees | 7050 | ||
| Fees earned (9400 - 2350) | 7050 | |||
| (To record fees earned) | ||||
Prepare an income statement, a retained earnings statement, and a balance sheet.
| Rosebud Consulting Income Statement For the Month Ended April 30, 2018 |
||
|---|---|---|
| Expenses: | ||
| Total Expenses | ||
If an answer is zero, enter "0".
| Rosebud Consulting Retained Earnings Statement For the Month Ended April 30, 2018 |
||
|---|---|---|
| Rosebud Consulting Balance Sheet April 30, 2018 |
|||||
|---|---|---|---|---|---|
| Assets | Liabilities | ||||
| Current assets: | Current liabilities: | ||||
| Total liabilities | |||||
| Total current assets | |||||
| Property, plant and equipment: | Stockholders' Equity | ||||
| Total property, plant and equipment | Total stockholders' equity | ||||
| Total assets | Total liabilities and stockholders' equity | ||||
9. Journalize the closing entries on Page 4 of the journal. (Do not insert the account numbers in the journal at this time.) Post the closing entries to the general ledger in the spreadsheet. Then go back and enter the appropriate posting references in the journal. (Income Summary is account #34 in the chart of accounts.)
For a compound transaction, if an amount box does not require an entry, leave it blank.
| GENERAL JOURNAL | PAGE 4 | |||
|---|---|---|---|---|
| Date | Description | Post.Ref. | Debit | Credit |
| 2018 | Closing Entries | |||
10. Prepare a post-closing trial balance. List the accounts in order by type: Assets, Liablities, Capital, Dividends, Revenue, and Expenses. If an amount box does not require an entry, leave it blank.
| Rosebud Consulting Post-Closing Trial Balance April 30, 2018 |
||
|---|---|---|
| Debit Balances | Credit Balances | |
In: Accounting
The goal of normalization is to
Group of answer choices maximize opportunities for data anomalies
minimize redundancies by evaluating and correcting table structures.
improve performance of query operations.
produce a database design in the lowest possible normal form.
In: Operations Management
In the KEGG database, the pathway map for glycolysis/gluconeogenesis indicates that ___ unique enzyme/s can catalyze the conversion of ?-D-glucose to ?-D-glucose-6-phosphate (?-D-glucose-6P).
2
3
4
1
In: Biology
Using the INTERRNA database (mfrlab.org/interrna/); how many T-loop base motifs (patterns) can be found in the structure of the ribosomal RNA subunit with the PDB code 1ffk? *
6
1233
8
33
14
In: Biology
In: Accounting
Database:
Question 11
Using the ERD from problem 10, create the relational schema.(Create an appropriate collection of attributes for each of the entities. Make sure you use the appropriate naming conventions to name the attributes.)
In: Computer Science
The realtime results are available on the server in a database. What would the effects of browser and server caching, and I'll be using AJAX, and how would I estimate the load this will put on the site in terms of hit rate and bandwidth consumption.
In: Computer Science
Assume that the following facts pertain to a non-cancelable lease agreement between Coco Inc. and Bubs Corp, a Lessee.
Inception date January 1, 2018
Residual value of equipment at end of lease term, unguaranteed $100,000
Lease term 6 years
Economic life of leased equipment 8 years
Fair value of asset at January 1, 2017 $800,000
Lessor’s implicit rate 12%
Lessee’s incremental borrowing rate 10%
The lessee assumes responsibility for all executory costs, which are expected to amount to $4,000 per year. The asset will revert to the lessor at the end of the lease term. The lessee uses the straight-line depreciation method for all equipment.
1.Using the spreadsheet Lease Amortization Schedule, prepare an amortization schedule that would be suitable for the lessee for the lease term.
2.Using the spreadsheet Journal Entries, prepare the journal entries for the lessee for 2018 and 2019 to record the lease agreement and all expenses related to the lease. Assume the Lessee’s annual accounting period ends on December 31 and that reversing entries are used when appropriate.
3.Prepare journal entries for the lessor of the transaction.
In: Accounting
The following information is provided for X Corporation for the year ending December 31, 2018:
|
Book earnings before income taxes |
$6,000 |
|
Tax exempt interest income |
600 |
|
Taxes on foreign income above the U.S. statutory rate |
200 |
|
State income taxes (before Federal benefit) |
500 |
|
Annual increase in warranty reserve |
200 |
|
Dividend received deduction on dividends from foreign subsidiaries |
600 |
|
Foreign tax credits available after the TCJA |
400 |
|
Tax over book depreciation for 2018 |
500 |
|
Current year increase in valuation allowance |
1,000 |
|
Entertainment expenses |
400 |
|
Foreign derived intangible income (FDII) special deduction |
600 |
X Corporation has not made an assertion under APB 23 that their non-U.S. undistributed earnings will be invested indefinitely or that the earnings will be solely remitted in a tax-free liquidation. The U.S. statutory rate is 21%. Based on all of the information presented, prepare an effective rate reconciliation showing the dollar amount of each reconciling item (i.e. do not combine potentially immaterial amounts) and the impact of each reconciling item on the effective tax rate.
In: Accounting
PLEASE USE ASSEMBLY LANGUAGE
The database students.db contains student records. Each record contains a name (30B ASCII), student ID (9B ASCII), 3 grades out of 100 (3B integers), and a letter grade (1B ASCII).
For the file students.db described above, assume all records are ordered alphabetically based on the name field. A record for a new student has been entered and stored in memory. Determine how to insert the new record into the database (Hint: use string compares to determine where it goes, the create a temp file, copy record that should come before it into the temp, then copy new record, then all other record into temp file. The delete the original and rename the temp file to students.db.
In: Electrical Engineering