Questions
A Byte of Accounting, Inc. Statement of Changes in Retained Earnings For Month Ending June 22,...

A Byte of Accounting, Inc.
Statement of Changes in Retained Earnings
For Month Ending June 22, 2018
Total
Balance, Beginning of Period
   Net Income
   Dividends
Balance, End of Period

need to fill it out

this is the data:

Transaction Description of transaction
01. June 1: Byte of Accounting, Inc. issued 2,640 shares of its common stock to Jeremy after $31,030 in cash and computer equipment with a fair market value of $45,530 were received.
02. June 1: Byte of Accounting, Inc. issued 2,382 shares of its common stock after acquiring from Courtney $50,750 in cash, computer equipment with a fair market value of $17,400 and office equipment with a fair value of $928.
03. June 1:   Byte of Accounting, Inc. acquired $87,000 in cash from angel and issued 3,000 shares of its common stock.
04. June 2: A down payment of $30,000 in cash was made on additional computer equipment that was purchased for $150,000. A five-year note was executed by Byte for the balance.
05. June 4: Additional office equipment costing $300 was purchased on credit from Discount Computer Corporation.
06. June 8: Unsatisfactory office equipment costing $60 was returned to Discount Computer for credit to be applied against the outstanding balance owed by Byte.
07. June 10: Byte paid $23,000 on the balance it owed on the June 2 purchase of computer equipment.
08. June 14: A one-year insurance policy covering its computer equipment was purchased by Byte for $4,968 in cash. The effective date of the policy was June 16.
09. June 16: Computer consultation revenue of $6,500 was received.
10. June 16: Byte purchased a building and the land it is on for $119,000, to house its repair facilities and to store computer equipment. The lot on which the building is located is valued at $19,000. The balance of the cost is to be allocated to the building. Byte made a cash down payment of $11,900 and executed a mortgage for the balance. The mortgage is payable in eight equal annual installments beginning July 1.
11. June 17: Cash of $4,800 was paid for rent for June and July. Put the total amount into the Prepaid Rent account.
12. June 17: Received a bill of $325 from the local newspaper for advertising.
13. June 21: Billed various miscellaneous local customers $4,400 for consulting services performed.
14. June 21: A fax machine for the office was purchased for $800 cash.
15. June 21: Accounts payable in the amount of $240 were paid.
16. June 22: Paid the advertising bill that was received on June 17.
17. June 22: Received a bill for $1,215 from Computer Parts and Repair Co. for repairs to the computer equipment.
18. June 22: Paid salaries of $1,035 to equipment operators for the week ending June 18.
19. June 23: Cash in the amount of $3,525 was received on billings.
20. June 23: Purchased office supplies for $505 on credit. Record the purchase as an increase to the assets.
21. June 28: Billed $5,805 to miscellaneous customers for services performed to June 25.
22. June 29: Cash in the amount of $5,500 was received for billings.
23. June 29: Paid the bill received on June 22, from Computer Parts and Repairs Co.
24. June 29: Paid salaries of $1,035 to equipment operators for the week ending June 25.
25. June 30: Received a bill for the amount of $915 from O & G Oil and Gas Co.
26. June 30: Paid a cash dividend of $0.20 per share to the three shareholders of Byte. [IMPORTANT NOTE: The number of shares of capital stock outstanding can be determined from the first three transactions.]
Adjusting Entries - Round to two decimal places.
27. The rent payment made on June 17 was for June and July. Expense the amount associated with one month's rent.
28. A physical inventory showed that only $202.00 worth of office supplies remained on hand as of June 30.
29. The annual interest rate on the mortgage payable was 9.25 percent. Interest expense for one-half month should be computed because the building and land were purchased and the liability incurred on June 16.
30. Information relating to the prepaid insurance may be obtained from the transaction recorded on June 14. Expense the amount associated with one half month's insurance.
31. A review of Byte’s job worksheets show that there are unbilled revenues in the amount of $5,750 for the period of June 28-30.
32. The fixed assets have estimated useful lives as follows:
Building - 31.5 years
Computer Equipment - 5.0 years
Office Equipment - 7.0 years
Use the straight-line method of depreciation. Management has decided that assets purchased during a month are treated as if purchased on the first day of the month. The building’s scrap value is $8,500. The office equipment has a scrap value of $300. The computer equipment has no scrap value. Calculate the depreciation for one month.
33. A review of the payroll records show that unpaid salaries in the amount of $621 are owed by Byte for three days, June 28 - 30.
34. The note payable relating to the June 2, and 10 transactions is a five-year note, with interest at the rate of 12 percent annually. Interest expense should be computed based on a 360 day year.
[IMPORTANT NOTE: The original note on the computer equipment purchased on June 2 was $120,000.   On June 10, eight days later, $23,000 was repaid. Interest expense must be
calculated on the $120,000 for eight days. In addition, interest expense on the $97,000 balance of the loan ($120,000 less $23,000 = $97,000) must be calculated for the 20 days remaining in the month of June.]
35. Income taxes are to be computed at the rate of 25 percent of net income before taxes.
[IMPORTANT NOTE: Since the income taxes are a percent of the net income you will want to prepare the Income Statements through the Net Income Before Tax line. The worksheet contains all of the accounts and their balances which you can then transfer to the appropriate financial statement.]
Closing Entries

In: Accounting

Prior to the 1999-2000 season in the NBA, the league made several rule changes designed to...

Prior to the 1999-2000 season in the NBA, the league made several rule changes designed to increase scoring. The average number of points scored per game in the previous season had been 183.2. Let μ denote the mean number of points per game in the 1999-2000 NBA season.

a. If the rule change had no effect on scoring, what value would μ have? Is this the null or alternative hypothesis?

b. If the rule change had the desired effect on scoring, what would be true about the value of μ? Is this a null or alternate hypothesis?

c. Based on your answers to part a and b clearly sate Hoand Ha using the proper notation.

In: Statistics and Probability

As a process executes, it changes states. Explain what are ready state, running state, and waiting...

As a process executes, it changes states. Explain what are ready state, running state, and waiting state. Also, describe when a process moves between these three states

In: Computer Science

Please summarize this article in 250-300 words. The economy has changed, and with these changes our...

Please summarize this article in 250-300 words.

The economy has changed, and with these changes our communities must adapt themselves to some new realities.

Traditionally, economic development, rooted in the post-World War II era, attempted to build our export base by subsidizing firms to locate manufacturing employment in our communities. This was fueled by cheap inputs—land and labor, national-scale competition, and low-skilled workers. Recruitment of industry received the most resources based on the potential to have significant impacts on the local economy.

To a lesser degree, some communities also established programs to work with the existing business base to retain and expand what was already in place. Finally, to a limited extent, some communities supported local small business startups, primarily spin-offs and ventures from the existing business sector. Overall, this model is characterized as fiercely competitive locally as well as across the country.

By contrast, a contemporary strategy builds a solid foundation of entrepreneurship. Long ignored because the impacts were small, diffuse, and incremental, entrepreneurship has been characterized as economic “gardening” as opposed to “hunting.” Think of it as tending to the seedbed in one’s own back yard as opposed to going out to bag that one trophy animal.

Business growth, and sustaining the health of existing businesses, is also important in this model. More than a simple effort to retain and expand businesses, this strategy respects that business survival means maintaining a competitive edge regardless of size. The goal is supporting the existing business community in sustaining a viable enterprise by constantly seeking one’s competitive advantage.

Finally, the attraction strategy in the new model is broad and contemporary. It applies to attracting new enterprises, both goods-producing and knowledge-based. It also includes attracting different “business anchors” such as senior housing, educational enterprises, and visitors and retirees. These are less traditional but effective, ways of increasing the flow of resources into the economy from outside. This model recognizes that the success of one’s neighbors spillover into one’s own borders.

Cheap land and labor are no longer what is being sold. Rather it is knowledge workers and a culture of innovation and creativity. This model also acknowledges that few places possess enough assets on their own to compete for and support new, existing, and emerging businesses. It’s about regions, networks, clusters and innovation. Its about entrepreneurship!

In: Economics

Epigenetics basically refers to changes in gene activity without a change in base content of DNA....

  1. Epigenetics basically refers to changes in gene activity without a change in base content of DNA. Think of a multicellular eukaryotic organism such as a human. Please write down 2 different genomic events in humans that may be associated with epigenetic regulation.

In: Biology

9.) Emissions of sulfur dioxide by industry set off chemical changes in the atmosphere that result...

9.) Emissions of sulfur dioxide by industry set off chemical changes in the atmosphere that result in "acid rain." The acidity of liquids is measured by pH on a scale of 0 to 14. Distilled water has pH 7.0, and lower pH values indicate acidity. Normal rain is somewhat acidic, so acid rain is sometimes defined as rainfall with a pH below 5.0. Suppose that pH measurements of rainfall on different days in a Canadian forest follow a Normal distribution with standard deviationσ= 0.5. A sample of n days finds that the mean pH is x= 4.8.


Give a 80 % confidence interval for the mean pH μ when n = 5, n = 15, and n = 40.

n= 5___to___
n = 15___ to___
n = 40 ___to ___

In: Statistics and Probability

Actuary and trustee reports indicate the following changes in the PBO and plan assets of Douglas-Roberts...

Actuary and trustee reports indicate the following changes in the PBO and plan assets of Douglas-Roberts Industries during 2018:

Prior service cost at Jan. 1, 2018, from plan amendment at the
beginning of 2015 (amortization: $4 million per year)
$ 20 million
Net loss—AOCI at Jan.1, 2018 (previous losses exceeded previous gains) $ 104 million
Average remaining service life of the active employee group 10 years
Actuary's discount rate 4 %
($ in millions) Plan
PBO Assets
Beginning of 2018 $ 720 Beginning of 2018 $ 520
Service cost 62 Return on plan assets,
5% (7% expected) 26.0
Interest cost, 4% 28.8
Loss (gain) on PBO (15 ) Cash contributions 102
Less: Retiree benefits (36 ) Less: Retiree benefits (36 )
End of 2018 $ 759.8 End of 2018 $ 612.0

  
Required:
1-a. Determine Douglas-Roberts' pension expense for 2018.
1.b, 2. to 4. Prepare the appropriate journal entries to record the pension expense, to record any 2018 gains and losses, to record the cash contribution to plan assets and to record retiree benefits.

In: Accounting

Is Walgreens’ rapid growth strategy realistic? Why or why not? How will changes in U.S. health...

Is Walgreens’ rapid growth strategy realistic? Why or why not?

How will changes in U.S. health care policy affect Walgreens? Explain.

Case 2: Walgreens

Walgreens was founded in 1901 and incorporated in 1909 in Chicago. Like other drugstores in the early 20th century, Walgreens emphasized a soda fountain and a lunch counter. By 1929, the firm had amassed 394 stores and $47 million in revenues. By the 1950s, Walgreens had begun a shift to self-service stores, but rapid growth did not occur until the late 1970s and early 1980s. Walgreens passed the 1,000-store milestone in 1984 and continued to grow steadily.

Today, Walgreens is the leading drugstore chain in the United States, operating almost 8,000 stores throughout the United States, Guam, and Puerto Rico. The firm also operates two mail service facilities and 13 distribution centers throughout the country.

Prescriptions account for about 65% of company sales, with the rest coming from OTC medications, cosmetics, toiletries, photo processing, and grocery items. Approximately 90% of prescriptions are paid by insurance companies or other third parties. Most stores offer drive-thru pharmacies and almost all offer in-store photo processing. Walgreens’ closest rival is CVS, although competition from pharmacies in grocery stores and discount retailers such as Wal-Mart has intensified.

More consumers are using health insurance to pay for prescription drugs. Retailers receive the same payment from insurers for a given drug and consumers pay the same co-pay regardless of pharmacy. As a result, convenience appears to have replaced price as the most important factor in the pharmacy side of the business. In this regard, “convenience” includes such factors as the acceptance of a given insurance plan, store hours, waiting periods, options for telephone and Internet refills, and the availability of grocery or other items that a consumer might wish to purchase while picking up a prescription.

Walgreens has responded to this emphasis on convenience by developing highly visible and accessible freestanding stores in high-traffic locations. Many of the stores are open 24 hours a day. As such, Walgreens continues to emphasize building new stores rather than acquiring them from smaller rivals.

Walgreens has benefited from constant increases in U.S. expenditures on prescription drugs, a trend that is projected to continue well into the future. The effects of the Patient Protection and Affordable Care Act of 2010 (and any subsequent revisions) on Walgreens remain unclear.

In: Economics

Write an application with three buttons labeled “Red”, “Green”, and “Blue” that changes the background color...

Write an application with three buttons labeled “Red”, “Green”, and “Blue” that changes the background color of a panel in the center of the frame to red, green, or blue.

Add icons to the buttons of Exercise E19.1. Use a JButton constructor with an Icon argument and supply an ImageIcon.

this is the code that I already wrote that I need to do the above to.


import java.awt.BorderLayout;
import java.awt.Color;
import java.awt.GridLayout;
import java.awt.event.ActionEvent;
import java.awt.event.ActionListener;
import javax.swing.JButton;
import javax.swing.JFrame;
import javax.swing.JPanel;
import javax.swing.ImageIcon;

public class backgroundColor extends JFrame
{

   private static final int FRAME_WIDTH = 500;
   private static final int FRAME_HEIGHT = 500;
   private JPanel colorPanel;
  
   public backgroundColor()
   {
       setTitle("Colored Buttons");
       createColorBackground();
       setSize(FRAME_WIDTH, FRAME_HEIGHT);
       setDefaultCloseOperation(JFrame.EXIT_ON_CLOSE);
       setVisible(true);
   }
  
   private void createColorBackground()
   {
       colorPanel = new JPanel();
       add(colorPanel, BorderLayout.CENTER);
       buttonColors();
   }
  
   private void buttonColors()
   {
       JPanel buttonsPanel = createButtons();
       add(buttonsPanel, BorderLayout.SOUTH);
   }
  
   private JPanel createButtons()
   {
       JPanel buttonsPanel = new JPanel(new GridLayout(3, 1));
       buttonsPanel.add(createButton("Red", Color.RED));
       buttonsPanel.add(createButton("Green", Color.GREEN));
       buttonsPanel.add(createButton("Blue", Color.BLUE));
       return buttonsPanel;
   }
  
   private JButton createButton(String label, final Color color)
   {
       JButton button = new JButton(label);
       ActionListener listener = new backgroundColorListener();
       button.addActionListener(listener);
       return button;
   }
  
   class backgroundColorListener
   implements ActionListener
   {
       public void actionPerformed(ActionEvent action)
       {
           if(action.getActionCommand().contentEquals("Red"))
               colorPanel.setBackground(Color.red);
           else
               if(action.getActionCommand().contentEquals("Green"))
                   colorPanel.setBackground(Color.green);
               else
                   if(action.getActionCommand().contentEquals("Blue"))
                       colorPanel.setBackground(Color.blue);
       }
   }
   public static void main(String[] args)
   {
       new backgroundColor();
   }
}

In: Computer Science

Compare the changes in percent hemoglobin saturation that would occur in the two following situations: I....

Compare the changes in percent hemoglobin saturation that would occur in the two following situations: I. The blood PO2 drops from 100 mm Hg to 80 mm Hg. II. The blood PO2 drops from 40 mm Hg to 20 mm Hg. Select one: a. In both situations, the percent hemoglobin saturation would decrease by 20%. b. There would be very little reduction in percent hemoglobin saturation in situation I but a large reduction in situation II. c. There would be a large reduction in percent hemoglobin saturation in situation I but very little reduction in situation II. d. In both situations, the percent hemoglobin saturation would increase.

In: Anatomy and Physiology