Questions
JOURNAL PAGE 1 Date Account Title Post. Ref. Debit Credit 2018 Apr. 1 Cash 20000 Accounts...

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...

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...

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...

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

Class Accounting Information System 1. how does data differ from information? 2. what are sime internal...

Class Accounting Information System
1. how does data differ from information?
2. what are sime internal control measures that could prevent a hacker from alteeinf data in your company’s database?

In: Accounting

Database: Question 11 Using the ERD from problem 10, create the relational schema.(Create an appropriate collection...

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...

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...

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...

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...

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