Listed below are the transactions of Rock Medical Company (a service company organized as a corporation), for the month of March. Record the following transactions for Rock Medical Company.
Mar 1 Jim Rock invests $50,000 cash in exchange for common stock in
Rock Medical Company.
1 Takes out a $5,000, 30-day short term note payable with an annual
interest rate of 6%.
1 Purchases medical equipment on account from JK Enterprises
for $22,800.
3 Pays rent for office space, $1,500 for the month.
3 Employs a receptionist, Michelle Kwin.
4 Purchases medical supplies for cash, $1,165.
10 Receives cash of $850 from patients for services performed.
15 Bills patients $11,560 for services performed.
21 Pays JK Enterprises on account, $7,600.
26 Receives $2,600 from patients on account.
30 Bills patients $6,890 for services performed.
31 Pays the following expenses in cash: Salaries and
wages $2,500; miscellaneous office expenses $910.
31 Pays principal and interest on the note payable.
31 Medical supplies used during the month, $695.
31 Record depreciation expense on the equipment using the straight line
method; the equipment has a 5-year life and no salvage value.
31 Record utility expense of $200 incurred for the month; bill not
paid at month end
Chart of Accounts:
Cash
Accounts Receivable
Supplies
Equipment
Accumulated Depreciation—Equipment
Accounts Payable
Notes Payable (short term)
Common Stock
Note Payable
Service Revenue
Rent Expense
Office Expense
Salaries and Wages Expense
Supplies Expense
Depreciation Expense
Interest Expense
Utility Expense
Income Summary
Instructions
(a) Prepare journal entries to record the above transactions for Rock Medical Company; journal entries can be hand written or typed in Word/Excel; put on a separate page(s).
(b) Enter the transactions shown above in appropriate general ledger accounts (use T-accounts); t-accounts can be hand written; put on a separate page from journal entries prepared in (a).
(c) Prepare a trial balance in EXCEL; use formulas to total the debits and credits; PRINT on one page.
(d) Prepare an income statement, a statement of retained earnings, and an unclassified balance sheet in EXCEL; use formulas as appropriate; PRINT each on a SEPARATE page
(e) Prepare closing entries and enter the transactions in the T-accounts (from part (b); journal entries can be handwritten or typed in Word/Excel; put on a separate page(s).
(f) Prepare a post-closing trial balance in EXCEL; use formulas to total the debits and credit; PRINT on one page
In: Accounting
Listed below are the transactions of Rock Medical Company (a service company organized as a corporation), for the month of March. Record the following transactions for Rock Medical Company.
Mar 1 Jim Rock invests $50,000 cash in exchange for common stock in
Rock Medical Company.
1 Takes out a $5,000, 30-day short term note payable with an annual
interest rate of 6%.
1 Purchases medical equipment on account from JK Enterprises
for $22,800.
3 Pays rent for office space, $1,500 for the month.
3 Employs a receptionist, Michelle Kwin.
4 Purchases medical supplies for cash, $1,165.
10 Receives cash of $850 from patients for services performed.
15 Bills patients $11,560 for services performed.
21 Pays JK Enterprises on account, $7,600.
26 Receives $2,600 from patients on account.
30 Bills patients $6,890 for services performed.
31 Pays the following expenses in cash: Salaries and
wages $2,500; miscellaneous office expenses $910.
31 Pays principal and interest on the note payable.
31 Medical supplies used during the month, $695.
31 Record depreciation expense on the equipment using the straight line
method; the equipment has a 5-year life and no salvage value.
31 Record utility expense of $200 incurred for the month; bill not
paid at month end
Chart of Accounts:
Cash
Accounts Receivable
Supplies
Equipment
Accumulated Depreciation—Equipment
Accounts Payable
Notes Payable (short term)
Common Stock
Note Payable
Service Revenue
Rent Expense
Office Expense
Salaries and Wages Expense
Supplies Expense
Depreciation Expense
Interest Expense
Utility Expense
Income Summary
Instructions
(a) Prepare journal entries to record the above transactions for Rock Medical Company; journal entries can be hand written or typed in Word/Excel; put on a separate page(s).
(b) Enter the transactions shown above in appropriate general ledger accounts (use T-accounts); t-accounts can be hand written; put on a separate page from journal entries prepared in (a).
(c) Prepare a trial balance in EXCEL; use formulas to total the debits and credits; PRINT on one page.
(d) Prepare an income statement, a statement of retained earnings, and an unclassified balance sheet in EXCEL; use formulas as appropriate; PRINT each on a SEPARATE page
(e) Prepare closing entries and enter the transactions in the T-accounts (from part (b); journal entries can be handwritten or typed in Word/Excel; put on a separate page(s).
(f) Prepare a post-closing trial balance in EXCEL; use formulas to total the debits and credit; PRINT on one page
In: Accounting
Compact Ltd is a parcel delivery business. Detailed below is selected information for the financial year ending 30 June 2019.
|
Item |
$ |
|
Interest paid for the year |
6,000 |
|
Dividends paid to Shareholders |
30,000 |
|
Profit on sale of truck |
25,000 |
|
Cash at bank at July 1, 2018 |
1,100,000 |
|
Depreciation for the year |
160,000 |
|
Payment for Motor vehicle purchased on 28th April 2019 |
40,000 |
|
Loan repayments made |
70,000 |
|
Tax expense / paid to the Tax Office |
78,000 |
|
Salaries Paid |
250,000 |
|
Cash received from the sale of a truck |
90,000 |
|
Delivery Income – Cash Receipts for year ending 30 June 2019 |
700,000 |
|
Dividend received from investment |
200,000 |
|
Cash paid for Shares in companies listed on the ASX (Australia Security Exchange) |
40,000 |
|
Cash received from accounts receivable customers |
300,000 |
|
Bad Debts expense |
10,000 |
|
Other cash operating expenses |
77,000 |
|
Credit purchases of fuel for the year ending 30 June 2018 |
480,000 |
|
Fuel Stock – petrol 1/7/2018 |
500,000 |
|
Fuel Stock – petrol 30/6/2019 |
150,000 |
|
Payments to suppliers for prior purchases on credit |
200,000 |
|
Delivery Income - On Credit to account customers for the year ending 30 June 2019 |
150,000 |
|
Money borrowed from Net Bank |
50,000 |
|
Purchase of property and land for cash |
700,000 |
REQUIRED
(a) Prepare a fully classified Income Statement and Cash Flow Statement for the year ending 30 June 2019 based on the information above. Fully state any assumptions you have made in preparing these financial reports.
(b) Upon completing the Cash Flow and Income Statement Compact management are confused in that the Income Statement is indicating they made a net loss (negative profit) over the same period whilst reporting a positive cash inflow from operations. With reference to the question and your work in answering(a) above, explain to Compact management providing two possible reasons why this discrepancy could occur when comparing cash flow from operations (cash profit) with accrual accounting profit/ loss. For each cause identified highlight the impact on Assets= Liabilities +Owners Equity and profit versus cash flow to explain potential differences (80 word limit)
(c) Given the above differences discuss which statement (Income Statement or Cash Flow from Operations) better reflects the financial performance / wealth creation for the period ending 30 June 2019. (Justify your answer with reference to accrual accounting) (80 word limit)
In: Accounting
Please provide a step by step solution
Instructions:
PART A
|
A |
B |
C |
|
|
1 |
Date of Visit |
Doctor |
Cost of Visit |
|
2 |
6/6/2019 |
Goodman |
$113.00 |
|
3 |
6/8/2019 |
Goodman |
$145.00 |
|
4 |
6/10/2019 |
Loman |
$120.00 |
|
5 |
6/13/2019 |
Goodman |
$110.00 |
|
6 |
6/15/2019 |
Loman |
$140.00 |
|
7 |
6/17/2019 |
Loman |
$175.00 |
|
8 |
6/21/2019 |
Loman |
$135.00 |
|
9 |
6/22/2019 |
Walker |
$215.00 |
|
10 |
6/24/2019 |
Walker |
$235.00 |
|
11 |
6/27/2019 |
Loman |
$120.00 |
|
12 |
6/28/2019 |
Goodman |
$105.00 |
PART B
In: Accounting
6. Cash flow
You are planning to set up a new business with a partner, KU Enterprises, on 1 June 2020. You will each own 50% of the business and you will both work in the business. You estimate that your first 6 months in business will be as follows:
You are required to:
Appendix C. Refers to Question 6
Complete your answer using this template and include it in your MS Word answer document.
|
KU Enterprises Cash Balance Position June - November 2020 |
June |
July |
August |
September |
October |
November |
|
|
Opening Bank Balance |
0 |
||||||
|
Cash In |
|||||||
|
Capital Investment |
|||||||
|
Revenue from customers |
|||||||
|
Total Cash Out |
|||||||
|
Cash out |
|||||||
|
Total Cash out |
|||||||
|
Net monthly cash flow |
|||||||
|
Closing Bank Balance |
In: Finance
This is a Java program
Problem Description
Write an application that inputs five digits from the user, assembles the individual digits into a five-digit integer number (the first digit is for one’s place, the second digit is for the ten’s place, etc.) using arithmetic calculations and prints the number. Assume that the user enters enough digits.
Sample Output
Enter five digits: 1 2 3 4 5
The number is 54321
Problem-Solving Tips
Project1_ AssembleDigits_YourName.java
Project1_Answers_YourName.docx.
Follow-Up Questions and Activities
Problem Description
Write an application that inputs five digits from the user, assembles the individual digits into a five-digit integer number (the first digit is for one’s place, the second digit is for the ten’s place, etc.) using arithmetic calculations and prints the number. Assume that the user enters enough digits.
Sample Output
Enter five digits: 1 2 3 4 5
The number is 54321
Problem-Solving Tips
Project1_ AssembleDigits_YourName.java
Project1_Answers_YourName.docx.
Follow-Up Questions and Activities
In: Computer Science
In: Operations Management
```please convert this code to make only using for loop not while loop
#include
#include
#define MAX_SIZE 500
int main()
{
char str[MAX_SIZE];
char tosearch[MAX_SIZE];
char part1[100];
char part2[100];
int cursor = 0, i, cnt1 = 0, cnt2 = 0, cnt = 0;
int j = 0;
int a = 0;
int b = 0;
int total = 0;
printf("Enter any string: ");
gets(str);
printf("Enter word to search occurrences: ");
gets(tosearch);
for (i = 0; i < strlen(tosearch); i++)
{
if (tosearch[i] == '*')
{
for (j = 0; j < i; j++)
{
part1[j] = tosearch[j];
}
a = j;
}
}
for (j = 0; j < strlen(tosearch) - a; j++)
{
part2[j] = tosearch[a + j + 1];
}
for (j = 0; j < a; j++)
{
printf("%c", part1[j]);
}
printf("\n");
for (j = 0; j < strlen(tosearch) - a - 1; j++)
{
printf("%c", part2[j]);
}
printf("\n");
b = strlen(part2);
while (cursor < strlen(str)) { // while the cursor is smaller
than length of main string while loop goes on
while (cnt1 != a) { // if the cnt1 is smaller than the part1
length the while loop goes on
if (str[cursor] == part1[0]) { // if the str[cursor] is correspond
to the first word of part1 go to for loop
for (i = 0; i < a; i++) {
if (str[cursor + i] == part1[i])
{
cnt1++; // count the number of matching letter of part1 and main
string
}
else { // else the cnt1 goes to 0 again and cursor goes
forward
cnt1 = 0;
cursor++;
break;
}
}
}
if (cursor > strlen(str) || cnt1 == a)
{
break;
}
cursor++; // cursor goes to the next letter
}
cursor += a; printf("the value of cursor %d ", cursor);
while (cnt2 != b) { // if cnt2 is less than the length of part2 the while loop goes on
if (str[cursor] == part2[0]) { // if the str[cursor] correspond
with part2[0] for loop goes on
for (i = 0; i < b; i++) {
if (str[cursor + i] == part2[i])
{
cnt2++; // count the matching letter of str and part2
}
else {
cnt2 = 0; // else cnt2 goes to 0 and cursor move on break free from
the for loop
cursor++;
break;
}
}
}
if (cursor > strlen(str) || cnt2 == b) // if the cursor is
larger than the strlen or cnt2 == (the length of part2) break
free
break;
cursor++; // move on to the next letter of the main string
}
if (cursor + b > strlen(str))
break;
cnt++;
cnt1 = 0;
cnt2 = 0;
}
printf("tot %d\n", cnt);
}
In: Computer Science
```please convert this code to make only using for loop not while loop
#include
#include
#define MAX_SIZE 500
int main()
{
char str[MAX_SIZE];
char tosearch[MAX_SIZE];
char part1[100];
char part2[100];
int cursor = 0, i, cnt1 = 0, cnt2 = 0, cnt = 0;
int j = 0;
int a = 0;
int b = 0;
int total = 0;
printf("Enter any string: ");
gets(str);
printf("Enter word to search occurrences: ");
gets(tosearch);
for (i = 0; i < strlen(tosearch); i++)
{
if (tosearch[i] == '*')
{
for (j = 0; j < i; j++)
{
part1[j] = tosearch[j];
}
a = j;
}
}
for (j = 0; j < strlen(tosearch) - a; j++)
{
part2[j] = tosearch[a + j + 1];
}
for (j = 0; j < a; j++)
{
printf("%c", part1[j]);
}
printf("\n");
for (j = 0; j < strlen(tosearch) - a - 1; j++)
{
printf("%c", part2[j]);
}
printf("\n");
b = strlen(part2);
while (cursor < strlen(str)) { // while the cursor is smaller
than length of main string while loop goes on
while (cnt1 != a) { // if the cnt1 is smaller than the part1
length the while loop goes on
if (str[cursor] == part1[0]) { // if the str[cursor] is correspond
to the first word of part1 go to for loop
for (i = 0; i < a; i++) {
if (str[cursor + i] == part1[i])
{
cnt1++; // count the number of matching letter of part1 and main
string
}
else { // else the cnt1 goes to 0 again and cursor goes
forward
cnt1 = 0;
cursor++;
break;
}
}
}
if (cursor > strlen(str) || cnt1 == a)
{
break;
}
cursor++; // cursor goes to the next letter
}
cursor += a; printf("the value of cursor %d ", cursor);
while (cnt2 != b) { // if cnt2 is less than the length of part2 the while loop goes on
if (str[cursor] == part2[0]) { // if the str[cursor] correspond
with part2[0] for loop goes on
for (i = 0; i < b; i++) {
if (str[cursor + i] == part2[i])
{
cnt2++; // count the matching letter of str and part2
}
else {
cnt2 = 0; // else cnt2 goes to 0 and cursor move on break free from
the for loop
cursor++;
break;
}
}
}
if (cursor > strlen(str) || cnt2 == b) // if the cursor is
larger than the strlen or cnt2 == (the length of part2) break
free
break;
cursor++; // move on to the next letter of the main string
}
if (cursor + b > strlen(str))
break;
cnt++;
cnt1 = 0;
cnt2 = 0;
}
printf("tot %d\n", cnt);
}
In: Computer Science
Sensation and perception are critical to survival and are separate events that, from the vantage point of the perceiver, feel like one single process. A sensation is a simple awareness that results from stimulation of a sense organ, whereas perception organizes, identifies, and interprets sensation at the level of the brain in order to form a mental representation. All sensory modalities depend on the process of transduction, which converts physical signals from the environment into neural signals carried by sensory neurons into the central nervous system.
In the 19th century, researchers developed psychophysics, an approach to studying perception that measures the strength of a stimulus and an observer’s sensitivity to that stimulus. These researchers developed procedures for measuring an observer’s absolute threshold, or the smallest intensity needed to just barely detect a stimulus, and the just noticeable difference (JND), or the smallest change in a stimulus that can just barely be detected. Signal detection theory represents a refinement of these basic approaches and allows researchers to distinguish between an observer’s perceptual sensitivity to a stimulus and criteria for making decisions about the stimulus. Sensory adaptation occurs because sensitivity to lengthy stimulation tends to decline over time. This process illustrates that the perceptual system is more sensitive to changes in stimulation than to constant levels of stimulation.
Sensory Adaptation in your life exercise:
â– You will need TWO (2) same size drinking glass, ONE containing a strong solution of water and sugar (4 tablespoons of water and1 1/2 tablespoon of sugar mixture), another ONE containing pure water.
â– First, take a sip of the sugar water and swirl it around in your mouths without swallowing. After a few seconds, the solution should taste less sweet. You can then swallow the concoction or spit it back in the original cup.
â– Next, you should drink from the cup containing fresh water.
After you have completed the exercise, answer the following item.
1. Describe how the freshwater taste in your mouth.
2. Explain how sensory adaption has occurred.
3. Come up with ONE exercise to demonstrate Sensory Adaption. Provide necessary steps to completing the exercise.
*** Provide information from one or more scholarly sources with an in-text citation and match referencing to support your discussion. Wikipedia is not a scholarly source. Discussion without a source will receive zero (0) point.
*** Responses to Discussion Question should be 200 words or more and substantive-this does not include assignment or references. A good practice to produce a response in Word Document to monitor word count, copy and paste into the message area. Please be sure to include proper APA an in-text citation and reference for all information.
In: Psychology