I am working on an accounting assignment and am having problems. Firstly,
1.I need to journalize these entries and post the closing entries
2. i need to prepare Dalhanis multi-step income statement and statement of owners equity for August 2010
3. i need to prepare the blance sheet at august 31,2010
4. i need to prepare a post-closing trial balance at august 31,2010
DALHANI makes all
credit sales on terms 2/10 n/30 and uses the Perpetual Inventory
System
Aug 1 Issued check no 682 for august office rent 2,000
Aug 2 Issued chek no 683 to pay salaries of 3,240, which includes
salary payable of 930 from july 31. The company does not use
reversing entries.
Aug 2* Issued invoice no 503 for sale on account to R.T. Loeb $600
Dalhani's cost of this merchandise was $190.
Aug 3 Purchased inventory on credit terms of 1/15 n/60 from grant
ltd $1,400
Aug 4 recieved net amount of cash on account from fullam corp,
$4,116 within the discount period.
Aug 4 sold inventory for cash $2,330 (cost $1,104)
Aug 5 received from park-hee inc. merchandise that had been sold
earlier for $550 (cost $174). the wrong merchandise had been
sent
Aug 5 issued check no 684 to purchase supplies for cash $780
Aug 6 collected interest revenue of $1,100
Aug 7 issued invoice no 504 for sale on account to k.d. skipper inc
$2,400 (cost $760)
Aug 8 issued check no 685 to pay fayda corp $2,600 of the amount
owed at july 31st. This payment occurred after the end of the
discount period
Aug 11 issued check no 686 to pay grant led the net amount owed
from august 3.
Aug 12* received cash from r.t. loeb in full settlement of her
account from aug 2nd. r.t. loeb notified dalhani that only one
quarter of the goods ordered had been received, but agreed to pay
now if dalhani held the remaining goods in his warehouse until
september.
* dalhani distributors sold inventory on account to r.t. loeb on august 2 and collected in full on august 12th. loeb indicated that the shipment was incomplete and arranged with dalhani that he would ship the goods to loeb in september. at august 31, $450 of unearned sales revenue needs to be recorded and the cost of this merchandise (142) needs to be removed from cost of goods sold and returned to inventory.
Aug 16 issued check no
687 to pay salary expense of $1,240
Aug 19 purchased inventory for cash $850, issuing check no
688
Aug 22 purchased furniture on credit terms of 3/15 n/60 from beaver
corporation, $510
Aug 23 sold inventory on account to fullam corp, issuing invoice no
505 for 9,966 (cost 3,152)
Aug 24 received half the july 31st amount receivable from k.d.
skipper inc. after the discount period
Aug 25 issued check no 689 to pay utilities $2,432
Aug 26 purchased supplies on credit terms of 2/10 n/30 from fayda
corp $180
Aug 30 returned damaged inventory to company from whom dalhani made
the cash purchase on august 19th, receiving cash of $850
Aug 30 granted a sales allowance of $176 to k.d. skipper inc.
Aug 31 purchased inventory on credit terms of 1/10 n/30 from
suncrest supply ltd $10,330
Aug 31 issued check no 690 to jack west, owner of dalhani for
$1,700
In: Accounting
The Australian Prime Minister recently announced measure to help the economy from the Covid19 pandemic. The Australian government have introduced a financial grant for people to build their first home. The grant is worth $25,000. The owners must live in the house once its completed, and they must use local workers to build the house. How do you think this will help the Australian economy? Be specific, and provide examples in your answer.
Consider an economy. The growth rate of nominal GDP in the recent year was 8% and the growth rate of real GDP was 5%. What does such difference indicate? What do you think the government of this country should do next year?
There is a lot of construction happening in Bangkok Metropolitan area these days, both residential property and business objects are being built. Explain how they affect GDP now and how they will contribute to Thailand’s GDP in the future. Specify the elements of GDP they affect.
In: Economics
In: Physics
Step 1. Access a dataset with store records at AmazingMartEU2.xlsx and view in Excel
Step 2. Describe the dataset in your own words.
Step 3. Come up with questions to answer using this dataset:
Which products are sales leaders by quantity?
Which products are profit leaders by state and by country?
Which products are loss leaders by state and by country??
Sales target met by category by year?
Which customer segment is most profitable overall and by country?
Which products are trending high in profitability by season (3 month quarters, Jan-Mar, …, Oct-Dec)?
Step 4. Import the data into Tableau (see instructions at http://onlinehelp.tableau.com/current/pro/desktop/en-us/examples_excel.html).
Step 5. Try and use filtering, built-in functions, and visualizations to answer the questions. Take screenshots and paste into this document below. Add language to explain each screenshot as you answer the question.
In: Statistics and Probability
VBA
In this assignment you will create a Word Macro-Enabled Document. The document will contain procedures with the following declarations:
• Sub Main()
• Sub GetGrades(grades() As Integer, total As Integer)
• Sub CreateOutput(className As String, grades() As Integer, total As Integer)
The Main sub-procedure will be the macro that initializes the task. In this procedure you will declare all necessary variables, prompt the user to enter the name of the class and the number of students, resize the grades array appropriately, then make calls to each of the other procedures in the order they are listed at the beginning of these instructions.
The GetGrades procedure will use a loop to prompt the user for the grade for each student. Also within the loop a running total of all grades will be kept.
The CreateOutput procedure will create the output shown in the demo video linked below. Think about building a single string that contains all the output information. You can then assign that string to the Text property of the ActiveDocument Range. Use the built in
In: Computer Science
In this exercise we will utilize the tables for superheated water vapor, (D-3). All graphs should be generated using plotting software, e.g. Excel, MatLab, etc. (If you use NIST, do NOT utilize the built-in plotting software to generate your graphs.) Plot the specific internal energy and the specific enthalpy Vs T(K) at 1 bar. (Use a reasonable number of available temperature values but include the maximum and minimum values.) The lower limit of the ordinate should be 2500kJ/kg and the lower limit of the abscissa should be 300K. Observe the nature of the relationships and based on these calculate the ratio of specific heats, gamma. Plot the compressibility factor as a function of temperature for 1 bar and 120 bar and comment on the significance of intermolecular forces. The compressibility factor of a gas is 0.94152 when the temperature, pressure and specific volume are -50 degree F, 30atm and 0.018317m^3/kg, respectively. Which gas is it?
In: Mechanical Engineering
Many countries and experts around the world are arguing that current mixed economies and the economics that justifies them are no longer sustainable because they are built on predominantly fossil fuel use. Combined with the production/consumption processes that generate a great deal of highly destructive and biosphere-threatening waste, they are no longer effective. Over the next couple of decades, we must transition those economies to a new state where they run predominantly on renewable energy and operate in a circular fashion that eliminates most waste and cooperates with nature. This includes developing a new economy focused on collaboration, resilience, regeneration, and sharing.
You are a newly appointed advisor to the President. Your brief is to develop a plausible challenge to this view and suggest market-based solutions that address the concerns raised. Using concepts and resources from inside the course and online to support your approach, discuss how you would go about doing this or explain why you can’t.
In: Economics
Imagine that the net present value of a hydroelectric plant with a life of 70 years is $23.73 million and that the net present value of a thermal electric plant with a life of 35 years is $18.77 million. Rolling the thermal plant over twice to match the life of the hydroelectric plant thus has a net present value of ($18.77 million) + ($18.77 million)/(1 + 0.05)35 = $22.17 million.
Now assume that at the end of the first 35 years, there will be an improved second 35-year plant. Specifically, there is a 30 percent chance that an advanced solar or nuclear alternative will be available that will increase the net benefits by a factor of three; a 60 percent chance that a major improvement in thermal technology will increase net benefits by 50 percent; and a 10 percent chance that more modest improvements in thermal technology will increase net benefits by 10 percent.
a. Should the hydroelectric or thermal plant be built today?
b. What is the quasi-option value of the thermal plant?
In: Finance
While reviewing the March 31, 2020, balance sheet of Business
Solutions, Santana Rey notes that the business has built a large
cash balance of $68,146. Its most recent bank money market
statement shows that the funds are earning an annualized return of
0.64%. S. Rey decides to make several investments with the desire
to earn a higher return on the idle cash balance. Accordingly, in
April 2020, Business Solutions makes the following investments in
trading securities
| Apr. | 16 | Purchases Johnson & Johnson bonds for $8,000. | ||
| Apr. | 30 | Purchases notes of Starbucks for $4,200. |
On June 30, 2020, the fair value of the Johnson & Johnson bonds
is $14,700 and the Starbucks notes is $3,700.
Required:
1. Prepare journal entries to record the April
purchases of trading securities by Business Solutions.
2. On June 30, 2020, prepare the adjusting entry
to record any necessary fair value adjustment to its portfolio of
trading securities.
In: Accounting
In java design and code a class named comparableTriangle that extends Triangle and implements Comparable. Implement the compareTo method to compare the triangles on the basis of similarity.
Draw the UML diagram for your classes.
Write a Driver class (class which instantiates the comparableTriangle objects) to determine if two instances of ComparableTriangle objects are similar (sample output below). It should prompt the user to enter the 3 sides of each triangle and then display whether or not the are similar triangle. (25 points)
Triangle Similarity: With the Triangle class we have already built, one that uses only side lengths, not angles, in its constructor, there is only one way we can check for similarity: side-side-side similarity. The definition of side-side-side similaritry is:
If all the sides of a triangle are proportional to the corresponding sides of another triangle then the triangles are said to be similar.
in other words: (Triangle1 side1 / Triangle2 side 1) = (Triangle1 side2 / Triangle2 side2) = (Triangle1 side3 / Triangle2 side3)
In: Computer Science