Here 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 DepreciationâEquipment 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
(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
NEED HELP WITH "E" and "F"
In: Accounting
In: Accounting
Create two charts:
List A: will be all the vitamins and minerals. In this chart, you will provide the name of the vitamin/mineral, two food sources that the item is found in, deficiency diseases and disease of toxicity, and two functions of each vitamin/mineral.
List B: will be all other terms/diseases/functional issues, please provide information (describe the function, or meaning, and what the association is with nutrition) on each topic. When you have completed the entire assignment (2 charts/documents) save your document as an rtf., doc., docx. type of file and save in a file for your safekeeping. Cut and paste your assignment in the assignment window and then submit. Do not attach files and do not submit your work in the comments section. Due by Sunday night midnight.
Note: For all weekly assignment and for your ease in completing them following the above rules, cut and paste this assignment into a word document, this will save you the time in retyping the questions and terms, then answer each/define each and save a copy of your assignment in a safe place on your computer. Then, cut and paste the entire assignment as one document into the assignment window.
Key Terms: (Be sure to scroll down the entire list)
List A
List B
In: Biology
|
Joint costs |
||
|
Joint Costs (costs of noodles, spices, and other inputs and processing to splitoff point) |
$240,000 |
|
|
Beef Ramen |
Shrimp Ramen |
|
|
Beginning inventory (tons) |
0 |
0 |
|
Production (tons) |
10,000 |
20,000 |
|
Sales (tons) |
10,000 |
20,000 |
|
Selling price per ton |
$10 |
$15 |
Due to the popularity of its microwavable products, Instant decides to add a new line of products that targets dieters. These new products are produced by adding a special ingredient to dilute the original ramen and are to be sold under the names Special B and Special S, respectively. The following is the monthly data for all the products:
|
Joint costs |
Special B |
Special S |
||||||
|
Joint Costs (costs of noodles, spices, and other inputs and processing to splitoff point) |
$240,000 |
|||||||
|
Separable costs of processing 10,000 tons of Beef Ramen into 12,000 tons of Special B |
48,000 |
|||||||
|
Separable cost of processing 20,000 tons of Shrimp Ramen into 24,000 tons of Special S |
168,000 |
|||||||
|
Transfer for further processing (tons) |
Beef Ramen |
Shrimp Ramen |
Special B |
Special S |
||||
|
Beginning inventory (tons) |
0 |
0 |
0 |
0 |
||||
|
Production (tons) |
10,000 |
20,000 |
12,000 |
24,000 |
||||
|
10,000 |
20,000 |
|||||||
|
Sales (tons) |
12,000 |
24,000 |
||||||
|
Selling price per ton |
$10 |
$15 |
$18 |
$25 |
||||
(a) the sales value at split-off method (1 pt)
(b) the physical-measure method. (1pt)
solve in microsoft word
In: Accounting
DâLite Dry Cleaners is owned and operated by Joel Palk. A building and equipment are currently being rented, pending expansion to new facilities. The actual work of dry cleaning is done by another company at wholesale rates. The assets, liabilities, and common stock of the business on July 1, 2016, are as follows: Cash, $45,000; Accounts Receivable, $93,000; Supplies, $7,000; Land, $75,000; Accounts Payable, $40,000; Common Stock, $60,000. Business transactionsduring July are summarized as follows:
| A. | Joel Palk invested additional cash in exchange for common stock with a deposit of $35,000 in the business bank account. |
| B. | Paid $50,000 for the purchase of land adjacent to land currently owned by DâLite Dry Cleaners as a future building site. |
| C. | Received cash from cash customers for dry cleaning revenue, $32,125. |
| D. | Paid rent for the month, $6,000. |
| E. | Purchased supplies on account, $2,500. |
| F. | Paid creditors on account, $22,800. |
| G. | Charged customers for dry cleaning revenue on account, $84,750. |
| H. | Received monthly invoice for dry cleaning expense for July (to be paid on August 10), $29,500. |
| I. | Paid the following: wages expense, $7,500; truck expense, $2,500; utilities expense, $1,300; miscellaneous expense, $2,700. |
| J. | Received cash from customers on account, $88,000. |
| K. | Determined that the cost of supplies on hand was $5,900; therefore, the cost of supplies used during the month was $3,600. |
| L. | Paid dividends, $12,000. |
| Required: | |
| 3.c. Prepare a balance sheet as of July 31, 2016. Refer to the Accounts in the accounting equation grid and to the list of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. | |
| 4. Prepare a statement of cash flows for July. Enter amounts that represent cash outflows as negative numbers using a minus sign. Refer to the list of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. You will not need to enter colons (:) or the word Deduct on the statement. |
In: Accounting
Question 1
You have reviewed the work performed by your assistant, Raymond Snow, on the audit of Tin Ltd for the year ended 30 June 20X8 and you have noted the following two independent matters: (i) In testing investments in listed securities, Raymond selected all shareholdings with a market value above $200,000 and checked them to the closing market value reported by the Australian Stock Exchange (ASX) to determine the net realisable value of each shareholding. The items tested totaled $5,500,000 or 60% of the total balance. Of the items tested, only one error of $110,000 was discovered. Raymond concluded that the error was not itself material, as it was only 2% of the balance tested. He extrapolated this error to the total population and estimated that the error for the total population would be $185,000, which was also immaterial. Therefore, he concluded that the investments in listed securities were fairly stated at the lower of cost or net realisable value.
(ii) Tin Ltd has 1,000 stock lines that are maintained on a perpetual inventory system. Stock is counted on a cyclical basis so that all lines are covered at least once per year. Raymond attended the March stocktake to observe the counting procedures and conducted 20 test counts from the floor to the clientâs count sheets and 20 from the clientâs count sheets to the floor. He uncovered two minor discrepancies of one item each, which he considered to be immaterial. The client also uncovered five minor discrepancies between the perpetual records and the actual quantity on hand. None of these discrepancies were adjusted on the perpetual records, as the amounts involved only totaled $50,000 and were considered to be immaterial. Raymond concluded that no further work was considered necessary on stock quantities at year end.
Required: (a) In your own words, explain what is meant by sufficient appropriate audit evidence. (b) Explain whether sufficient appropriate audit evidence has been obtained for each of the above situations. Give reasons for your answer. (Word Limit: Minimum of 250 words. Maximum of 300 words)
PLS GIVE UR UNIQUE ANSWER NOT THE SAME ONE AS HERE
In: Finance
Which preventive, detective, and/or corrective controls would best mitigate the follow- ing threats?
An employeeâs laptop was stolen at the airport. The laptop contained personal in- formation about the companyâs customers that could potentially be used to commit identity theft.
A salesperson successfully logged into the payroll system by guessing the payroll supervisorâs password.
Acriminalremotelyaccessedasensitivedatabaseusingtheauthenticationcredentials (user ID and strong password) of an IT manager. At the time the attack occurred, the IT manager was logged into the system at his workstation at company headquarters.
An employee received an e-mail purporting to be from her boss informing her of an important new attendance policy. When she clicked on a link embedded in the e-mail to view the new policy, she infected her laptop with a keystroke logger.
A companyâs programming staff wrote custom code for the shopping cart feature on its website. The code contained a buffer overflow vulnerability that could be ex- ploited when the customer typed in the ship-to address.
A company purchased the leading âoff-the-shelfâ e-commerce software for linking its electronic storefront to its inventory database. A customer discovered a way to directly access the back-end database by entering appropriate SQL code.
Attackers broke into the companyâs information system through a wireless access point located in one of its retail stores. The wireless access point had been purchased and installed by the store manager without informing central IT or security.
An employee picked up a USB drive in the parking lot and plugged it into his laptop to âsee what was on it.â As a result, a keystroke logger was installed on that laptop.
Once an attack on the companyâs website was discovered, it took more than 30 min- utes to determine who to contact to initiate response actions.
To facilitate working from home, an employee installed a modem on his office work- station. An attacker successfully penetrated the companyâs system by dialing into that modem.
An attacker gained access to the companyâs internal network by installing a wireless access point in a wiring closet located next to the elevators on the fourth floor of a high-rise office building that the company shared with seven other companies.
The need to be 270 word
In: Accounting
In: Accounting
Instructions:
Prepare a sales letter addressed to:
Dr. Jason Tanner
John A. Logan College
700 Logan College Road
Carterville, IL 62918
You should submit the assignment to me by the date indicated in the schedule for the class. No late assignments may be submitted unless prior arrangements are made with the instructor.
Background Situation:
Assume you are a marketing assistant for a large magazine publisher named Wilderness Publishing Company. You have been asked to write a sales letter trying to convince potential customers to purchase a subscription to Outdoor Life magazine. The cost of the subscription is $80 for 12 issues.
You may select the style of the letter (modified block or block style) and include the current date. Your letter should include a letterhead for Wilderness Publishing Company at 2112 Fairview Drive, Evansville, IN 47712. Your name and job title (marketing assistant) should be included in the signature section of the letter.
Grammar hint to remember: Publications are presented using italic print; therefore, remember to identify the magazine as Outdoor Life magazine (the word magazine is not capitalized or in italic print).
Specific features your letter should include are:
Please refer to the Writing Assignment 3 Evaluation Sheet to determine how points can be earned and lost.
In: Economics
(a) Consider three positive integers, x1, x2, x3, which satisfy the inequality below: x1 +x2 +x3 =17. (1) Letâs assume each element in the sample space (consisting of solution vectors (x1, x2, x3) satisfying the above conditions) is equally likely to occur. For example, we have equal chances to have (x1, x2, x3) = (1, 1, 15) or (x1, x2, x3) = (1, 2, 14). What is the probability the events x1 +x2 â€8occurs,i.e.,P(x1 +x2 â€8|x1 +x2 +x3 =17andx1,x2,x3 âZ+)(Z+ isthe set containing all the possible positive integers)? (5%)
(b) There are unlimited fake coins and only one real coin. The fake coins and the real coin are almost the same and can only be detected by a special machine. At the very beginning, there are two coins in a bag, one fake and the other real (but we donât know which one is real). We continue the following process till the real coin is found: At the each step, we randomly sample one coin from the bag and examine whether it is fake. If yes, we put the coin back to the bag, additionally put in another fake coin, and randomly draw a coin for examination. The sampling process wonât stop until we find the real coin. Assuming that each coin (either fake or real) has equal chances to be selected, what is the probability that we sample 9 times but still cannot find the real coin (and hence has to continue the sampling process)? (5%)
(c) From a random sports news, the probability of observing the word âballâ and âplayerâ is 0.8 and 0.7, respectively. For a non-sports news, the probability to observe âballâ is 0.1, so does that to observe âplayerâ. Letâs assume that in any article, the appearance of any two words (including âballâ and âplayerâ) are independent with each other. Also, the probability of sports newsâ occurrences is 0.2. Given a news report x containing both âballâ and âplayerâ, what is the probability that x is a sports news. (10%)
In: Statistics and Probability