Questions
company uses the following accounts: Cash Income Taxes Payable Accounts Receivable Capital Stock Prepaid Rent Retained...

company uses the following accounts:

Cash Income Taxes Payable Accounts Receivable Capital Stock Prepaid Rent Retained Earnings Unexpired Insurance Dividends Office Supplies Income Summary Rental Equipment Rental Fees Earned Accumulated Depreciation: Salaries Expense Rental Equipment Maintenance Expense Notes Payable Utilities Expense Accounts Payable Rent Expense Interest Payable Office Supplies Expense Salaries Payable Depreciation Expense Dividends Payable Interest Expense Unearned Rental Fees Income Taxes Expense

Dec. 1 Issued to John and Patty Driver 20,000 shares of capital stock in exchange for a total of 400.000 cash.

Dec. 1 Purchased for 260.000 11 of the equipment formerly owned by Rent-It. Paid 160.000 cash and issued a one-year note payable for $100,000.

Dec. 1 Paid 15.000 to Shapiro Realty as three months' advance rent on the rental yard and office formerly occupied by Rent-It.

Dec. 4 Purchased office supplies on account from Modern Office Co., 3000 Payment due in 30 days. (These supplies are expected to last for several months; debit the Office Supplies asset account.)

Dec. 8 Received 10.000 cash as advance payment on equipment rental from McNamer Construction Company. (Credit Unearned Rental Fees.)

Dec. 12 Paid salaries for the first two weeks in December 10.200 Dec. 15 Excluding the McNamer advance, equipment rental fees earned during the first 15 days of December amounted to 28.000, of which $12,000 was received in cast

Dec. 17 Purchased on account from Earth Movers, Inc 1.600 in parts needed to repair a rental tractor (Debit an expense account.) Payment is due in 10 days.

Dec. 23 Collected 6.000 of the accounts receivable recorded on December 15.

Dec. 23 Rented a backhoe to Mission Landscaping at a price of $250 per day, to be paid when the backhoe is returned. Mission Landscaping expects to keep the backhoc for about two or three weeks.

Dec. 26 Paid biweekly salaries.10.200

Dec. 27 Paid the account payable to Earth Movers, Inc. 1,600

Dec. 28 Declared a dividend of 20 cents per share, payable on January 15, 2010.
Comprehensive problem 245

Dec. 29 Susquehanna Equipment Rentals was named, along with Mission Landscaping and Collier Construction, as a co-defendant in a $25,000 lawsuit filed on behalf of Kevin Davenport. Mission Landscaping had left the rented backhoe in a fenced construction site owned by Collier Construction. After working hours on December 26, Davenport had climbed the fence to play on parked construction equipment. While playing on the backhoe, he fell and broke his arm. The extent of the company's legal and financial responsibility for this accident, if any, cannot be determined at this time. (Note: This event does not require a journal entry at this time, but may require disclosure in notes accompanying the statements.

)Dec. 29 Purchased a 12-month public liability insurance policy for $9,600. This policy protects the company against liability for injuries and property damage caused by its equipment. However, the policy goes into effect on January 1, 2010, and affords no coverage for the injuries sustained by Kevin Davenport on December 26.

Dec. 31 Received a bill from Universal Utilities for the month of December, $700. Payment is due in 30 days.

Dec. 31 Equipment rental fees earned during the second half of December amounted to $20,000, of which $15,600 was received in cash. Data for Adjusting Entries Doonmhar 1 covered a period of three months.
no coverage for the injuries sustained by Kevin Davenport on December 26. January 1, 2010, and affords

Dec. 31 Received a bill from Universal Utilities for the month of December, $700. Payment is due in 30 days.

Dec. 31 Equipment rental fees earned during the second half of December amounted to $20,000, of which $15,600 was received in cash. Data for Adjusting Entries

a. The advance payment of rent on December 1 covered a period of three months.

b. The annual interest rate on the note payable to Rent-It is 6 percent.

c. The rental equipment is being depreciated by the straight-line method over a period of eight years.

d. Office supplies on hand at December 31 are estimated at $600

. e. During December, the company earned $3,700 of the rental fees paid in advance by McNamer Construction Co. on December 8.

f. As of December 31, six days' rent on the backhoe rented to Mission Landscaping on December 23 has been earned. g. Salaries earned by employees since the last payroll date (December 26) amounted to $1,400 at month-end.

h. It is estimated that the company is subject to a combined federal and state income tax rate of 40 percent of income before income taxes (total revenue minus all expenses other than income taxes). These taxes will be payable in 2010. Instructions a. Perform the following steps of the accounting cycle for the month of December: Tournalize the December transactions do not record adiusting entries at this point.

only adjusted trial balance and balance sheet please

In: Accounting

Please answer your client’s question about this LC? 1)     Who is the advising bank? 2)     Who is the...

Please answer your client’s question about this LC?

1)     Who is the advising bank?

2)     Who is the issuing bank?

3)     Can importer cancel this LC?

4)     Can your client ship 70 computers at the time (two shipments)?

5)     Can this order be shipped from Vancouver?

6)     Your client needs 6 months to manufacture 140 laptops. How do you solve this issue?

7)     What part will confirm this LC? Is it mandatory?

8)     Can exporter present the documents in February 2021?

Export Documentary Credit in SWIFT Format

·        TO: ROYAL BANK OF CANADA - TORONTO

·        FROM: SAUDI ARABIAN MONETARY AGENCY, RIYADH SAUDI ARABIA

·        IRREVOCABLE DOCUMENTARY

·        CREDIT NUMBER: 98765

·        DATE OF ISSUE: 19/07/2020

·        DATE AND PLACE OF EXPIRY: 19/02 /2021, TORONTO

·        Applicant: AFZAL TRADING 785-34 PORT SAID ST. RIYADH 4S89 SAUDI ARABIA

·        BENEFICIARY: TORONTO CAMERA COMPANY 7 2875 EVANS AVENUE, SUITE 501 ETOBICOKE, ONTARIO M9C IAJ CANADA

·        CURRENCY CODE, AMOUNT: USD 100,000.00

·        DRAFTS AT: 90 DAYS FROM BILL OF LADING DATE

·        DRAWEE: ROYAL BANK OF CANADA, INTERNATIONAL TRADE CENTRE, 180 WELLINGTON ST. WEST, TORONTO, ONTARIO M5J IJ1, CANADA

·        PARTIAL SHIPMENT: ALLOWED

·        TRANSHIPMENT: NOT ALLOWED

·        LOADING ON BOARD / DISPATCH TAKING IN CHARGE AT/ FROM ANY EAST COAST CANADIAN PORT FOR TRANSPORTATION TO JEDDAH PORT, SAUDI ARABIA

·        LATEST DATE OF SHIPMENT: 19/09/2020

·        DESCRIPTION OF GOODS AND/OR SERVICES: 140 Laptops Model ABC

·        UNIT PRICE: $700 US

·        CLEAN ON-BOARD OCEAN BILL OF LADING MADE OUT TO THE ORDER OF ISSUING BANK

·        ALL DOCUMENTS MUST MENTION IMPORT PERMIT#24680

·        CONFIRMATION REQUIREMENT: ADD YOUR CONFIRMATION

In: Operations Management

Theres two questions: A professor believes that, for the introductory art history classes at his university,...

Theres two questions:
A professor believes that, for the introductory art history classes at his university, the mean test score of students in the evening classes is more than 5 points lower than the mean test score of students in the morning classes. He collects data from a random sample of 250 students in evening classes and finds that they have a mean test score of 80.2. He knows the population standard deviation for the evening classes to be 11.9. A random sample of 300 students from morning classes results in a mean test score of 86.8. He knows the population standard deviation for the morning classes to be 10.2 points. Test his claim with a 95% level of confidence.


A randomly selected group of 35 adult American men was asked if they owned a handgun. 20 said yes. A randomly selected group of 40 American women was asked if they owned a handgun. 21 said yes. Does there appear to be a significant difference between the proportion of adult men and adult women who own handguns?

In: Statistics and Probability

On August 1, 2016, Rafael Masey established Planet Realty, which completed the following transactions during the...

On August 1, 2016, Rafael Masey established Planet Realty, which completed the following transactions during the month of August. It's first month of operations:

A) August 1, 2016, Rafael Masey transferred cash from a personal bank account to an account to be used for the business, $77,500.

B) August 1 purchased land for $20,000

C) August 1, 2016, purchased three months of liability insurance for $1,200.

D) August 2, 2016, purchased truck for $32,500, paying 15,000 in cash and the rest as a loan.

E) August 3, 2016, purchased supplies on account, $2,300.

F) August 7 rented out land for three months to Acme Company, who will use it for temporary parking for their staff. Received 475 for the three-month rental.

G) August 10, 2016, earned sales commissions, receiving cash, $13,300.

H) August 15, paid creditor on account, $1,150

I) August 20, 2016, withdrew cash for personal use, $1,800.

J) August 30, 2016, paid office salaries, $2,800.

Prepare the journal entries for transactions a through g above and enter description for "adjusting" and "closing" entries.

In: Accounting

Identify the kind of problem with the following questions: Do you know the day of the...

Identify the kind of problem with the following questions:

  1. Do you know the day of the week when you joined your job?
  2. Don’t you think that employees should be paid bonus for this quarter?
  3. Do you agree that disabled employees should be laid off?
  4. To what extent do you believe that MBA is a challenging course and is related to your job?

In: Operations Management

Q7. Marketing management is described as a total organizational activity which calls for a total corporate...

Q7. Marketing management is described as a total organizational activity which calls for a total corporate effort for business sustainability. As a Business Development Manager of your firm, identify and assess five (5) contributions of Marketing in growing and sustaining the business.

(Please the Expert needs to submit a detailed answer which must be a standout in a very competitive MBA Marketing Class).

In: Psychology

Metal Holdings Inc. You have been assigned the task of creating a simple relational database using...

Metal Holdings Inc.

You have been assigned the task of creating a simple relational database using SQLite database by the owner of “Metal Holdings” who is in the business of selling industrial metals to customers (mostly wholesale suppliers) who buy from the company.

Your goal is to design and build a database that would be responsible for:

  • Managing a product table containing all metals which at a minimum should provide information such as name, description and price of each metal sold by the company.
  • Manage a list of customers who would be purchasing metals from the company. The owner is interested in name, location, contact as well as whether the customer is a retail or wholesale buyer.
  • Manage and maintain a complete inventory of all orders shipped by the company to customers.
  • The owner wants to maintain the following information about each order at a minimum, but not limited to:
    • Date of the OrderShipping information such as date and status.
    • Product purchased and Quantity ordered.
    • Customer Information.
    • Each customer can purchase 1-to-many products (metals) in a single order.

The following is a list of metals sold by the company (these below metals should be available in your uploaded SQLite database):

  • Copper
  • Aluminium
  • Silver
  • Steel
  • Bronze
  • Brass
  • Lead
  • Nickel
  • Titanium
  • Magnesium

In: Computer Science

C.K. Tang used three different privatisation methods. Explain how these different methods work and the pros...

C.K. Tang used three different privatisation methods. Explain how these different methods work and the pros and cons of these different methods from the viewpoints of the shareholder(s) wanting to take a company private versus minority shareholders who may prefer that the company remain listed.

In: Accounting

Please solve it :) 1)Attachment styles founded by Bowlby. So, What are the attachment styles first...

Please solve it :)

1)Attachment styles founded by Bowlby. So, What are the attachment styles first described by Bowlby, and later elaborated upon by Hazan and Shaver?

2)How each attachment style looks like, and What are the similarities seen in infant-caregiver and adult attachment styles?

In: Psychology

The Business School at State University currently has three parking lots, each containing 155 spaces. Two...

The Business School at State University currently has three parking lots, each containing 155 spaces. Two hundred faculty members have been assigned to each lot. On a peak day, an average of 70% of all lot 1 parking sticker holders show up, an average of 72% of all lot 2 parking sticker holders show up, and an average of 74% of all lot 3 parking sticker holders show up.

a. Given the current situation, estimate the probability that on a peak day, at least one faculty member with a sticker will be unable to find a spot. Assume that the number who show up at each lot is independent of the number who show up at the other two lots. Compare two situations: (1) each person can park only in the lot assigned to him or her, and (2) each person can park in any of the lots (pooling). (Hint: Use the RISKBINOMIAL function.) If needed, round your answer to a whole percentage and if your answer is zero, enter "0".

No pooling: %
Pooling: %

b. Now suppose the numbers of people who show up at the three lots are highly correlated (correlation 0.9). How are the results different from those in part a? If needed, round your answer to a whole percentage.

No pooling: %
Pooling:

%

NEED HELP WITH PART B

In: Math