he following items were selected from among the transactions completed by O’Donnel Co. during the current year:
| Jan. | 10. | Purchased merchandise on account from Laine Co., $240,000, terms n/30. |
| Feb. | 9. | Issued a 30-day, 4% note for $240,000 to Laine Co., on account. |
| Mar. | 11. | Paid Laine Co. the amount owed on the note of February 9. |
| May | 1. | Borrowed $160,000 from Tabata Bank, issuing a 45-day, 5% note. |
| June | 1. | Purchased tools by issuing a $180,000, 60-day note to Gibala Co., which discounted the note at the rate of 5%. |
| 15. | Paid Tabata Bank the interest due on the note of May 1 and renewed the loan by issuing a new 45-day, 7% note for $160,000. (Journalize both the debit and credit to the notes payable account.) | |
| July | 30. | Paid Tabata Bank the amount due on the note of June 15. |
| 30. | Paid Gibala Co. the amount due on the note of June 1. | |
| Dec. | 1. | Purchased office equipment from Warick Co. for $400,000, paying $100,000 and issuing a series of ten 5% notes for $30,000 each, coming due at 30-day intervals. |
| 15. | Settled a product liability lawsuit with a customer for $260,000, payable in January. O’Donnel accrued the loss in a litigation claims payable account. | |
| 31. | Paid the amount due Warick Co. on the first note in the series issued on December 1. |
| Required: | |||||
| 1. | Journalize the transactions. Refer to the Chart of Accounts for exact wording of account titles. Assume a 360-day year. | ||||
| 2. | Journalize the adjusting entry for each of the following
accrued expenses at the end of the current year (refer to the Chart
of Accounts for exact wording of account titles):
|
In: Accounting
Discuss how an exchange rate is determined and what South Africa can do to ensure that a depreciating currency does not affect economic growth. In your answer, look at a number of factors, which include the volume traded, the general economic conditions at the time of trade, and, where applicable, government mandates. [50 marks)
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Susan work at South Town Hospital. While caring for a patient,
she discovered that nurse Haley has caused significant injury to a
patient. Discus the case where Haley is or is not covered under the
hospital group insurance policy. (Only discus one: is covered or is
not covered.). Explain with the support of your reading
material.
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A person starts walking from home and walks:
3 miles East
5 miles Southeast
6 miles South
2 miles Southwest
3 miles East
A. Find the total displacement vector for this walk: _ i+_ j
B. If this person walked straight home, they'd have to walk ___ Miles
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Magnitude?
Direction___ west of south?
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Patents are exclusive rights given to an inventor by a government according to Scott and Cornelius (2017:458). In South Africa, the Registrar of Patents and his staff evaluate a patent. Formalities and administrative matters are checked to ensure compliance with all formalities are met. In regard to the above statement outlines the requirements, application, specification, and infringement of patents
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Please write a short paragraph comparing the outbreaks of COVID-19 as they appeared in Italy and in South Korea. Be thorough and be precise. Avoid using language that subjectively describes the virus or its current epidemiology (do not write “this devastating infection," “extremely high incidence," etc.). We just want the facts without embellishment!
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In: Economics
What is red tide? Walsh and Carder of University of South Florida attribute red tide to dust from Saharan desert storms. They observe that during red tide, a bacterium called Trichodesmium converts nitrogen in the water to a form that algae can use. Link these observations with what you have learned in class.
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