On January 1, 2018, the general ledger of Grand Finale Fireworks includes the following account balances:
| Accounts | Debit | Credit | ||||
| Cash | $ | 43,500 | ||||
| Accounts Receivable | 46,100 | |||||
| Supplies | 8,300 | |||||
| Equipment | 72,000 | |||||
| Accumulated Depreciation | $ | 9,800 | ||||
| Accounts Payable | 15,400 | |||||
| Common Stock, $1 par value | 18,000 | |||||
| Additional Paid-in Capital | 88,000 | |||||
| Retained Earnings | 38,700 | |||||
| Totals | $ | 169,900 | $ | 169,900 | ||
| During January 2018, the following transactions occur: |
| January 2 | Issue an additional 2,000 shares of $1 par value common stock for $40,000. |
| January 9 | Provide services to customers on account, $16,800. |
| January 10 | Purchase additional supplies on account, $5,700. |
| January 12 | Repurchase 1,100 shares of treasury stock for $21 per share. |
| January 15 | Pay cash on accounts payable, $17,300. |
| January 21 | Provide services to customers for cash, $49,900. |
| January 22 | Receive cash on accounts receivable, $17,400. |
| January 29 |
Declare a cash dividend of $0.30 per share to all shares outstanding on January 29. The dividend is payable on February 15. |
|
(Hint: Grand Finale Fireworks had 18,000 shares outstanding on January 1, 2018 and dividends are not paid on treasury stock.) |
|
| January 30 | Reissue 900 shares of treasury stock for $23 per share. |
| January 31 | Pay cash for salaries during January, $42,800. |
The following information is available on January 31, 2018.
Unpaid utilities for the month of January are $7,000.
Supplies at the end of January total $5,900.
Depreciation on the equipment for the month of January is calculated using the straight-line method. At the time the equipment was purchased, the company estimated a service life of three years and a residual value of $10,800.
Accrued income taxes at the end of January are $2,800.
I need help preparing the closing statements for revenue, closing statement for expenses and closing statement for dividends
In: Accounting
Listed below are the transactions for Ajayi Art, Inc. for the month of July:
July 1 Ajayi Art, Inc. is started with an investment of $275,000 cash.
July 1 Ajayi purchases office equipment for $22,500 by signing a 10% note (interest and principal to be paid over the next 12 months).
July 6 Pays rent for the art gallery in advance for the next three months with a check for $3,030.
July 8 Purchases art supplies from Wacky Art Co. on credit for $10,500.
July 9 Receipt of $3,850 from a customer who has commissioned a piece of custom art to be completed by the end of the year.
July 11 Pays miscellaneous office expenses totaling $415 in cash.
July 13 Bills customers $4,730 for art classes provided in June.
July 15 Pays $3,850 to Wacky Art Co.
July 20 Receives $2,090 from customers on account.
July 30 Ajayi records $4,180 in salaries for the month of July. Paychecks will be disbursed to employees on August 2nd.
Enter the transactions shown above in appropriate general ledger accounts (use T-accounts). Use the following ledger accounts: Cash, Accounts Receivable, Supplies on Hand, Office Equipment, Accumulated Depreciation, Accounts Payable, Common Stock, Service Revenue, Rent Expense, Miscellaneous Office Expense, Office Salaries Expense, Supplies Expense, Depreciation Expense, and Income Summary.
Prepare an unadjusted trial balance.
Record depreciation using a 5-year life on the office equipment, the straight-line method, and no salvage value. Round to whole numbers. Also, record an adjustment for art supplies used in the amount of $1,660 and record interest expense for the note.
Prepare an adjusted trial balance.
Prepare an income statement, a statement of retained earnings, and an unclassified balance sheet.
Prepare closing entries.
In: Accounting
Steve Russell started a snow removal and landscaping business he
called Total Care Services. Selected transactions for Total Care
Services are listed below.
| 1. | Steve transfers his used pickup truck valued at $3,560 into the business. | |
| 2. | Steve invested $3,150 cash in the business and opened a bank account in the name of Total Care Services. | |
| 3. | Purchased a used snow plow from a dealer for $1,520 paying half as a down payment and half on account. | |
| 4. | Plowed the parking lot of a local mall and billed the mall management company $805. | |
| 5. | Paid for fuel for the truck $150. | |
| 6. | Plowed three neighbors’ driveways and immediately got paid $20 each. | |
| 7. | Collected in full the invoice billed to the mall management company. | |
| 8. | Paid balance owing on the purchase of the snow plow. | |
| 9. | Purchased a new lawn mower for $780, paying 20% down payment in cash, the remainder is on account. | |
| 10. | Paid for business cell phone charges of $30. | |
| 11. | Purchased $390 of lawn maintenance supplies for cash. | |
| 12. | Billed customers $1,830 for lawn maintenance services completed. | |
| 13. | Paid balance owing on lawn mower. | |
| 14. | Collected $750 from customers for services previously billed. | |
| 15. | Steve withdraws $1,000 cash for personal use. | |
| 16. | Provides lawn maintenance services totaling $1,410 for several clients – one client whose bill is $135 pays cash, the remainder are on account. |
For each transaction indicate:
| (a) | The basic type of account debited and credited (asset, liability, owner’s equity) | |
| (b) | The specific account debited and credited (Cash, Rent Expense, Service Revenue, etc.) | |
| (c) | By how much each account is increased or decreased. |
In: Accounting
[Javascript] Create a function that gets the total amount and percentage of covid case data for each Age Group
in the covid cases data set(which contains the property "Age Group" in each case array).
Age Groups: 'younger than 18', 'between 19 to 28 Years', 'between 29 to 38 Years','between 39 to 48 Years','between 49 to 58 Years','between 59 to 68 Years','between 69 to 78 Years','between 79 to 88 Years', and'older than 89'
the function getSummaryOfAges(data) should return an Object with the following structure:
{
'UnknownAge': {
totalAmount: 27,
percentageOfTotal: 0.001
},
'younger than 18': {
totalAmount: 39,
percentageOfTotal: 0.074
},
'between 19 to 28 Years': {
totalAmount: 68
percentageOfTotal: 0.124
},
'between 29 to 38 Years': {
totalAmount: 59,
percentageOfTotal: 0.100
},
...etc
}
For the covid case Objects that don't have an Age Group value(meaning it's null).
Then these case Objects should be treated as the "UnknownAge" Age Group category
For each age category, calculate the total number of covid cases(500 cases), the total for each age group,
and finally the percentage of the total.
Example of case object:
Case = {
"Age Group": "29 to 38 Years"
},
{
"Age Group": "19 to 28 Years"
},
...etc
In: Computer Science
3. On the first week of classes, thirty-four students sat for a Math Diagnostic Test. Their scores (out of a maximum score of 30) arranged in ascending order were: 10, 12, 13, 13,15, 15, 16, 17, 18, 19, 21, 23, 23, 23, 23, 25, 25, 25, 26, 26, 26, 26, 27, 27, 27, 27, 27, 28, 28, 29, 29,29,30,30 (a) [2 marks] Find the 5-number summary for these data. (b) [2 marks] Are there any outliers? Show your work on how you identify outliers. (c) [2 marks] Draw a boxplot of this distribution.
In: Statistics and Probability
A company hopes to improve customer satisfaction, setting as a goal no more than 9 % negative comments. A random survey of 320 customers found only 15 with complaints. a) Create a two-sided 95 % confidence interval for the true level of dissatisfaction among customers. b) Does this provide evidence that the company has reached its goal? Using your confidence interval, test an appropriate hypothesis and state your conclusion. a) The 95 % confidence interval for the true level of dissatisfaction among customers is left parenthesis nothing comma nothing right parenthesis . (Round to three decimal places as needed.) b) What are the null and alternative hypotheses? H0: p ▼ equals not equals greater than less than nothing vs. HA: p ▼ equals greater than not equals less than nothing (Type integers or decimals. Do not round.) Use the confidence interval in part a to draw a conclusion. There ▼ is insufficient is sufficient evidence that the true level of dissatisfaction among customers is less than nothing % because nothing is ▼ within the limits above the upper limit below the lower limit of the interval. (Type integers or decimals. Do not round.) Enter your answer in each of the answer boxes.
In: Statistics and Probability
ADC supermarket accepts three types of credit cards, Master card, Visa and Tembo card. The sales manager is interested in finding out whether there is a difference in the mean amounts charged by customers on the three cards. A random sample of 18 credit cards purchases revealed these credit card amounts. At the level of 0.05, using ANOVA test can we conclude that, there is a difference in the mean amounts charged per purchase on the three cards? Would Tukey-Kramer test be appropriate? Why? Master card 61 28 42 33 51 56 Visa card 85 56 44 72 98 56 72 Tembo card 61 25 42 31 29
In: Statistics and Probability
A parking garage charges R7.50 minimum fee to park for
up to three and half
hours. The garage charges an additional R1.50 per hour for each
hour or part
thereof in excess of three hours. The maximum charge for any given
24- hour
period is R25.72. Write a program that calculates and prints the
parking
charges for each of three customers who parked their cars in this
garage at
some time. You should enter the hours parked for each customer.
Your
program should print the results in a neat tabular format and
should calculate
and print the total of receipts. The program should use the
function
calculateCharges to determine the charge for each customer. The
payment
amounts should be printed inside the body of main().
In: Computer Science
Explain the scientific method and how it’s used to reveal an accurate understanding of living things; distinguish information resulting from scientific inquiry from that based on anecdotes and deceptive, non-scientific studies. Describe the chemistry of living things and relate biochemicals and their reactions to energy transformations between organisms and their environments; explain the conversion of light energy to chemical energy resulting in the connection between producers and consumers. Describe the variation of cell structures among organisms and contrast them with non-living particles such as viruses; explain how cell anatomy and function impacts the organism as a whole. Explain the various ways that cells reproduce and how they relate to DNA replication and inheritance; relate molecular, chromosomal, and cellular activities to genetic variation and evolutionary change. Explain the process of gene expression and regulation and how gene products result in the characteristics of organisms; describe how these genetic processes contribute to adaptive change from generation to generation. Understand commonly used biotechnologies, recognize their practical applications and ability to reveal evolutionary relationships and change; recognize the responsibility associated with the correct use and interpretation of these technologies.
In: Biology
When performing Risk Analysis as part of the task Analyse Risk (which is part of the Strategy Analysis knowledge area of the Business Analysis Body of Knowledge), we may develop a risk register as a table of entries for each identified risk. For each identified risk we make a judgement about probability as being either low, medium or high. We also make a judgement about impact as being either low, medium, or high. These contribute to making a final judgement about the risk’s risk level as being either low, medium or high.
a) Explain the difference between probability of a risk and impact of a risk, and then describe what the difference between low and high judgement levels mean for these aspects of risk.
b) If a particular risk has been judged to have low probability but high impact, what might its final risk level be judged as?
c) If another particular risk has been judged to have high probability but low impact, what might its final risk level be judged as?
In: Computer Science