Comprehensive Problem 4 a-g
Kristin Malone opened Kristin’s Maids Cleaning Service on July 1, 2019. During July, the company completed the following transactions.
Need help with posting adjusting entries
| July | 1 | Stockholders invested $17,000 cash in the business in exchange for common stock. | |
| 1 | Purchased a used truck for $11,000, paying $2,800 cash and the balance on account. | ||
| 3 | Purchased cleaning supplies for $900 on account. | ||
| 5 | Paid $1,644 on a 1-year insurance policy, effective July 1. | ||
| 12 | Billed customers $3,700 for cleaning services. | ||
| 18 | Paid $1,100 of amount owed on truck, and $260 of amount owed on cleaning supplies. | ||
| 20 | Paid $1,800 for employee salaries. | ||
| 21 | Collected $1,700 from customers billed on July 12. | ||
| 25 | Billed customers $1,600 for cleaning services. | ||
| 31 | Paid gasoline for the month on the truck, $300. | ||
| 31 | Declared and paid a $500 cash dividend. |
| (c) | Enter the following adjustments | |||
| (1) | Unbilled fees for services performed at July 31 were $1,500. | |||
| (2) | Depreciation on equipment for the month was $200. | |||
| (3) | One-twelfth of the insurance expired. | |||
| (4) | An inventory count shows $100 of cleaning supplies on hand at July 31. | |||
| (5) | Accrued but unpaid employee salaries were $600. | |||
Post adjusting entries
In: Accounting
Define a "major customer" of a company. What information must be disclosed about the major customers? Why is the disclosure of this information important? Are the names disclosed? Should they be?
In: Accounting
Chapter 19 homework Hide or show questions eBookCalculator Entries and Schedules for Unfinished Jobs and Completed Jobs Tybee Industries Inc. uses a job order cost system. The following data summarize the operations related to production for January, the first month of operations: Materials purchased on account, $3,140. Materials requisitioned and factory labor used: Job Materials Factory Labor 301 $2,490 $2,730 302 3,040 3,690 303 2,020 1,800 304 6,820 6,770 305 4,330 5,160 306 3,160 3,280 For general factory use 850 4,040 Factory overhead costs incurred on account, $4,760. Depreciation of machinery and equipment, $1,940. The factory overhead rate is $35 per machine hour. Machine hours used: Job Machine Hours 301 27 302 40 303 27 304 68 305 24 306 15 Total 201 Jobs completed: 301, 302, 303, and 305. Jobs were shipped and customers were billed as follows: Job 301, $7,400; Job 302, $9,760; Job 303, $13,820. Required: 1. Journalize the entries to record the summarized operations. For a compound transaction, if an amount box does not require an entry, leave it blank. 2. Post the appropriate entries to T accounts for Work in Process and Finished Goods, using the identifying letters as transaction codes. Insert memo account balances as of the end of the month. 3. Prepare a schedule of unfinished jobs to support the balance in the work in process account. 4. Prepare a schedule of completed jobs on hand to support the balance in the finished goods account.
In: Accounting
Conduct the hypothesis test and provide the test statistic and the critical value, and state the conclusion. A person drilled a hole in a die and filled it with a lead weight, then proceeded to roll it 200 times. Here are the observed frequencies for the outcomes of 1, 2, 3, 4, 5, and 6, respectively: 27, 28, 45, 41, 27, 32. Use a 0.10 significance level to test the claim that the outcomes are not equally likely. Does it appear that the loaded die behaves differently than a fair die?
In: Statistics and Probability
In: Statistics and Probability
74
Productive efficiency means that the firm is producing at the lowest cost possible.
True or False
75
Which formula below best describes human behavior?
Multiple Choice
MC = MR
E > 1
E = 1
MB = MC
76
Costco, Wal-Mart, and Target probably control over 70 percent of the market share in the large superstore discount retailing industry. The ‘kinked’ demand curve is used to explain this industry is all part of the Monopolistic Competition market structure.
True or False
77
Suppose that Lockheed Martin (the military defense contractor) invented a very sophisticated fighter jet. If they could only sell this advanced plane exclusively to the U.S. government, then the U.S. government would be classified as a monopsony buyer.
True or False
In: Economics
In: Economics
If a school district takes a random sample of 74 Math SAT scores and finds that the average is 490, and knowing that the population standard deviation of Math SAT scores is intended to be 100. Find a 99% confidence interval for the mean math SAT score for this district.
≤μ≤
In: Statistics and Probability
Catherine Colonic, 74 years of age, is a male patient who was admitted to the surgical unit after undergoing a laparascopic right hemicolectomy.
The patient has several small abdominal incisions and a clear dressing over each site. The incisions are well approximated and the staples are dry and intact.
There is a Jackson-Pratt drain intact with minimal serous sanguineous drainage present.
The patient has a Salem sump tube connected to low continuous wall suction that is draining a small amount of brown liquid. The patient has no bowel sounds. The Foley catheter has a small amount of dark amber-colored urine without sediments. The patient has sequential compression device (SCD) in place.
The nurse performs an assessment and notes that the patient’s breath sounds are decreased bilaterally in the bases and the patient has inspiratory crackles. The patient’s cardiac assessment is within normal limits. The patient is receiving O2 at 2 L per nasal cannula with a pulse oximetry reading of 95%. The vital signs include: blood pressure, 100/50 mm Hg; heart rate 110 bpm; respiratory rate 16 breaths/min; and the patient is afebrile. The patient is confused as to place and time.
Exercise 2: Postop Nursing Management
Anthony Abscess is admitted to the hospital for surgical incision and drainage (I&D) and packing of an abscess on his right calf, which resulted from a farm machinery accident. The right calf has an area 3 cm × 2.5 cm, which is red, warm and hard to touch, and edematous.
In: Nursing
Rita Schmidt, 74 years of age, is a female patient who was admitted to the surgical unit after undergoing removal of a section of the colon for colorectal cancer. The patient has a colostomy on her left (descending colon) abdomen. The patient has several small abdominal incisions and a clear dressing over each site. The incisions are well approximated and the staples are dry and intact. There is a Jackson--Pratt drain intact with minimal serous sanguineous drainage present. The colostomy is not functioning at this time. The patient has a Salem sump tube connected to low continuous wall suction that is draining a small amount of brown liquid. The patient has no bowel sounds. The Foley catheter has a small amount of dark amber-colored urine without sediments. The patient has a sequential compression device (SCD) in place. The nurse performs an assessment and notes that the patient’s breath sounds are decreased bilaterally in the bases and the patient has inspiratory crackles. The patient’s cardiac assessment is within normal limits. The patient is receiving O2 at 2 L per nasal cannula with a pulse oximetry reading of 95%. The vital signs include: blood pressure, 100/50 mm Hg; heart rate, 110 bpm; respiratory rate, 16 breaths/min; and the patient is afebrile. The patient is confused as to place and time.
Perform a complete assessment addressing each system. Under ASSESSMENT for each system list the findings in the case study (both normal& abnormal). Under CRITICAL THINKING list (1) factors which may be contributing to the findings in ASSESSMENT (2) your interpretation of what these findings mean is happening physiologically (3) nursing interventions (independent or dependent) you want to implement as a result of (1) & (2) (28 POINTS/4 FOR EACH SYSTEM)
SYSTEM ASSESSMENT CRITICAL THINKING
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Neuro |
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Resp |
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Cardiac |
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GI |
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GU |
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Integumentary |
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Pain |
In: Nursing