Prepare journal entries for these transactions for Year 1 and Year 2 and post them to T-accounts. lines 1 through 19

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Sun Corporation received a charter that authorized the issuance of 119,000 shares of $6 par common stock and 18,000 shares of $75 par, 6 percent cumulative preferred stock. Sun Corporation completed the following transactions during its first two years of operation:

Year 1

1.Jan. 5 Sold 17,850 shares of the $6 par common stock for $8 per share.

2. Jan 12 Sold 1,800 shares of the 6 percent preferred stock for $85 per share.

3. Apr. 5 Sold 23,800 shares of the $6 par common stock for $10 per share.

4. & 5. (record cash revenue earned & record payment for operating expenses) Dec. 31 During the year, earned $301,400 in cash revenue and paid $241,600 for cash operating expenses.

6. Dec 31 Declared the cash dividend on the outstanding shares of preferred stock for Year 1. The dividend will be paid on February 15 to stockholders of record on January 10, Year 2.

7, 8 & 9. (Record closing entry for service revenue, operating expenses & dividends) Dec 31 Closed the revenue, expense, and dividend accounts to the retained earnings account.

Year 2

10. Feb. 15 Paid the cash dividend declared on December 31, Year 1.

11. Mar. 3 Sold 2,700 shares of the $75 par preferred stock for $95 per share.

12. May 5 Purchased 500 shares of the common stock as treasury stock at $12 per share.

13 & 14. (record cash revenue earned & record payment for operating expenses)Dec. 31 During the year, earned $254,900 in cash revenues and paid $179,600 for cash operating expenses.

15. Dec 31 Declared the annual dividend on the preferred stock and a $0.50 per share dividend on the common stock.

16, 17 & 18 (Record closing entry for revenue accounts, operating expenses & dividends) Dec 31 Closed revenue, expense, and dividend accounts to the retained earnings account.

19. Post all transactions to T-accounts

To study how social media may influence the products consumers​ buy, researchers collected the opening weekend box office revenue​ (in millions of​ dollars) for 23 recent movies and the social media message rate​(average number of messages referring to the movie per​ hour). The data are available below. Conduct a complete simple linear regression analysis of the relationship between revenue​ (y) and message rate​ (x).

The least squares regression equation is y=−0.031+l0.086x. ​(Round to three decimal places as​ needed.)

Check the usefulness of the hypothesized model. What are the hypotheses to​ test?

A.H0​: β1≠0 against Ha​:β1=0

B.H0​β0:=0 againstHa​:β0≠0

C.H0​:β0≠0 against Ha​:β0=0

D.H0​:β1=0 againstHa​:β1≠0 Your answer is correct.

Determine the estimate of the standard deviation.

s=9.59 ​(Round to two decimal places as​ needed.)

What is the test statistic for the​ hypotheses?

t=15.14 ​(Round to two decimal places as​ needed.)

What is the​ p-value for the test​ statistic?

​p-value=0​(Round to three decimal places as​ needed.)State the conclusion at α=0.05.

Since the​ p-value is less than α​, there is sufficient evidence to reject H0.

Conclude there is

a linear relationship between revenue and message rate.What is the value for the coefficient of determination

r2​?

r2=0.92 ​(Round to two decimal places as​ needed.)Interpret the value of r2 in the context of this problem.

A.r2 is the proportion of the total sample variability around message rate that is explained by the linear relationship between the revenue and the message rate.

B.r2 is the proportion of the sample points that do not fit within the​ 95% confidence interval.

C. r2 is the proportion of the sample points that fit on the estimated linear regression line.

D.r2 is the proportion of the total sample variability around mean revenue that is explained by the linear relationship between the revenue and the message rate.

Debt Investment Transactions, Available-for-Sale Valuation

Rekya Mart Inc. is a general merchandise retail company that began operations on January 1, Year 1. The following transactions relate to debt investments acquired by Rekya Mart Inc., which has a fiscal year ending on December 31:

Required:

1. Journalize the entries to record these transactions. For a compound transaction, if an amount box does not require an entry, leave it blank.

2. If the bond portfolio is classified as available for sale, what impact would this have on financial statement disclosure?

If the bonds are classified as available-for-sale securities, then the portfolio of bonds would need to be adjusted to fair value . This would be accomplished by using a valuation allowance account and an unrealized gain (loss) account.

A semiprofessional baseball team near your town plays two home games each month at the local baseball park. The team splits the concessions 50/50 with the city but keeps all the revenue from ticket sales. The city charges the team $500 each month for the three-month season. The team pays the players and manager a total of $2500 each month. The team charges $10 for each ticket, and the average customer spends $8 at the concession stand. Attendance averages 100 people at each home game.

Part 1   (4 points)

The team earns an average of   $   in revenue for each game and   $   of revenue each season.

With total costs of   $   each season, the team finishes the season with   $   of profit.

Part 2   (1 point)

In order to break even, the team needs to sell      tickets for each game. Round to the nearest whole number.

Uniform Supply accepted a $5,600, 90-day, 12% note from Tracy Janitorial on October 17. If the note is dishonored, but Uniform Supply intends to continue collection efforts, what entry should Uniform Supply make on January 15 of the next year? (Assume no reversing entries are made.) (Use 360 days a year.)

• Debit Notes Receivable $5,600; debit Interest Receivable $168; credit Sales $5,768.

• Debit Accounts Receivable $5,768; credit Interest Revenue $28; credit Interest Receivable $140, credit Notes Receivable $5,600.

• Debit Cash $5,768; credit Notes Receivable $5,768.

• Debit Cash $5,768; credit Interest Revenue $28; credit Interest Receivable $140, credit Notes Receivable $5,600.

• Debit Cash $5,768; credit Interest Revenue $140; credit Interest Receivable $28, credit Notes Receivable $5,600.

The trial balance columns of the worksheet for Crane Company at June 30, 2020, are as follows

Other data:

please help me do an accurate worksheet.

I partiallyy did mine. but isn't adding up but it won't allow me to add because it says its too long.

Mr. and Mrs. Jerald own a dry cleaning business that generates $156,750 taxable income each year. For the past few years, the couple’s federal tax rate on this income has been 32 percent. Congress recently increased the tax rate for next year to 40 percent.

Required:

1. Based on a static forecast, how much additional revenue will the federal government collect from Mr. and Mrs. Jerald next year?
2. How much additional revenue will the government collect if Mr. and Mrs. Jerald respond to the rate increase by working harder and earning $171,750 next year?
3. How much additional revenue will the government collect if Mr. and Mrs. Jerald respond to the rate increase by working less and earning only $141,750 next year?

could you explain how you got the answer? Thank you.

Starbooks Corporation provides an online bookstore for electronic books. The following is a simplified list of accounts and amounts reported in its accounting records. The accounts have normal debit or credit balances. Assume the year ended on September 30, 2018.

3. Prepare a post-closing trial balance at September 30, 2018.