Part 2 – General Journal (LO3-2) – Post the following journal entries to the general journal. ?
Trans:
May 1 Sell 100,000 shares of common stock for $100,000 to obtain the funds necessary to start your business. ?
May 1 Borrow $50,000 from the bank and sign a note promising to repay the full amount of the debt in 5 years. ?
May 1 Issue 1,000 shares of $2 par value preferred stock at $30/share. ?
May 1 ? Purchase equipment for business operations for $25,000. ?
May 1 Pay one year of rent in advance, $12,000 ($1,000 per month.) ? ?
May 3 ? Purchase supplies on account, $1,000. ? ?
May 3 Purchase 200 units of inventory with cash.
May 6 Provide 30 hours of services to customers for cash. ?? ? ?
May 10 ? Sell 200 units of inventory on account. (Perpetual method = 2 entries)
May 12 Sell 50 units of inventory to a customer on account with a sales discount of 2/10, n/30. ?
May 15 Purchase an additional 300 units of inventory on account.
May 20 The customer who purchased product on May 12th pays the amount due (within discount period). ? ??
May 23 ? Receive cash in advance for 20 hours of services to be completed in the future. ?
May 31 Sell 200 units of inventory to a customer who signs a 6 month promissory note at 10% interest for the balance due. ??
May 31 ? Pay employee salaries, $1,000. ? ?
May 31 Pay cash dividends to shareholders, $800. ?
Part 3 – General Ledger (LO3-2) – Post the information from the journal entries into the general ledger.
Part 4 – Trial Balance (LO3-2) – Prepare a trial balance from the information in the general ledger.
Part 2 cont. – Adjusting journal Entries – (LO3-3) – Post the following adjusting entries to the general journal
Adj-1 Mar 31 Record the portion of the Prepaid Rent used in May
Adj-2 Mar 31 The company has $300 of supplies left at month end
Adj-3 May 31 Record one month of depreciation on the equipment. The equipment has a useful life of 10 years.
Adj-4 May 31 Provide 10 hours of services that were paid in advance on May 23rd.
Adj-5 May 31 Record the receipt of a $300 utilities bill due on June 5th.
Adj-6 May 31 Record accrued interest on the $20,000 – 5 year note payable. The annual interest rate is 10%.
Part 3 cont. – General Ledger - Post the adjusting entries to the General Ledger.
Part 5 – Adjusted Trial Balance (LO3-3) – Post the ending balances from the General Ledger to the Adjusted Trial Balance. Debits should equal credits if you have done the prior steps correctly.
Part 6 – Prepare the end of month Income
Statement (LO3-4).
Part 7 – Prepare the end of month Retained
Earnings Statement (LO3-4).
Part 8 – Prepare the end of month Balance Sheet
(LO3-4).
Part 1 cont. - Add the following closing entries
to the general journal (LO3-4):
Clo-1 Apr. 30 Close out revenues/income
Clo-2 Apr. 30 Close out expenses/losses
Clo-3 Apr. 30 Close out dividends
Part 2 cont. - Post the above closing entries to the general ledger (LO3-4).
Part 9 – Prepare a post-closing trial balance (LO3-4).
Service Price= $ 75.00
Sales Price= $ 50.00
Inventory Cost= $ 20.00
In: Accounting
I am doing a separation scheme of 4-chloro-3,4-dimethylnonane-1-amine and 4-hodroxy-3-methoxybenzaldehyde (which I think is vanillin). I believe both are starting as a solid. The first molecule and vanillin should be soluble in diethyl ether, while vanillin is soluble in water as well (but the first molecule is not). Would I just need to add water and use gravity filtration, then make the vanillin solid again? I've thought about dissolving both in ether then adding HCl to change the solubility of the first molecule, but I think Vanillin would also react with HCl and both would still be mixed together.
In: Chemistry
| (1) | Receive €50,000 in exchange for common stock. |
| (2) | Borrow €10,000 from bank. |
| (3) | Purchase €2,000 of supplies inventory on credit. |
| (4) | Receive €15,000 cash from customers for services provided. |
| (5) | Pay €2,000 cash to supplier in transaction 3. |
| (6) | Receive order for future services with €3,500 advance payment. |
| (7) | Pay €5,000 cash dividend to shareholders. |
| (8) | Pay employees €6,000 cash for compensation earned. |
| (9) | Pay €500 cash for interest on loan in transaction 2. |
a. Prepare journal entries for each of the transaction (1) through (9).
| (1) | AnswerUnearned RevenueInterest ExpenseCashAccounts PayableCommon StockRetained EarningsNotes PayableRevenueWages ExpenseInventory | €Answer | |
| AnswerUnearned RevenueInterest ExpenseCashAccounts PayableCommon StockRetained EarningsNotes PayableRevenueWages ExpenseInventory | €Answer | ||
| (2) | AnswerUnearned RevenueInterest ExpenseCashAccounts PayableCommon StockRetained EarningsNotes PayableRevenueWages ExpenseInventory | Answer | |
| AnswerUnearned RevenueInterest ExpenseCashAccounts PayableCommon StockRetained EarningsNotes PayableRevenueWages ExpenseInventory | Answer | ||
| (3) | AnswerUnearned RevenueInterest ExpenseCashAccounts PayableCommon StockRetained EarningsNotes PayableRevenueWages ExpenseInventory | Answer | |
| AnswerUnearned RevenueInterest ExpenseCashAccounts PayableCommon StockRetained EarningsNotes PayableRevenueWages ExpenseInventory | Answer | ||
| (4) | AnswerUnearned RevenueInterest ExpenseCashAccounts PayableCommon StockRetained EarningsNotes PayableRevenueWages ExpenseInventory | Answer | |
| AnswerUnearned RevenueInterest ExpenseCashAccounts PayableCommon StockRetained EarningsNotes PayableRevenueWages ExpenseInventory | Answer | ||
| (5) | AnswerUnearned RevenueInterest ExpenseCashAccounts PayableCommon StockRetained EarningsNotes PayableRevenueWages ExpenseInventory | Answer | |
| AnswerUnearned RevenueInterest ExpenseCashAccounts PayableCommon StockRetained EarningsNotes PayableRevenueWages ExpenseInventory | Answer | ||
| (6) | AnswerUnearned RevenueInterest ExpenseCashAccounts PayableCommon StockRetained EarningsNotes PayableRevenueWages ExpenseInventory | Answer | |
| AnswerUnearned RevenueInterest ExpenseCashAccounts PayableCommon StockRetained EarningsNotes PayableRevenueWages ExpenseInventory | Answer | ||
| (7) | AnswerUnearned RevenueInterest ExpenseCashAccounts PayableCommon StockRetained EarningsNotes PayableRevenueWages ExpenseInventory | Answer | |
| AnswerUnearned RevenueInterest ExpenseCashAccounts PayableCommon StockRetained EarningsNotes PayableRevenueWages ExpenseInventory | Answer | ||
| (8) | AnswerUnearned RevenueInterest ExpenseCashAccounts PayableCommon StockRetained EarningsNotes PayableRevenueWages ExpenseInventory | Answer | |
| AnswerUnearned RevenueInterest ExpenseCashAccounts PayableCommon StockRetained EarningsNotes PayableRevenueWages ExpenseInventory | Answer | ||
| (9) | AnswerUnearned RevenueInterest ExpenseCashAccounts PayableCommon StockRetained EarningsNotes PayableRevenueWages ExpenseInventory | Answer | |
| AnswerUnearned RevenueInterest ExpenseCashAccounts PayableCommon StockRetained EarningsNotes PayableRevenueWages ExpenseInventory | Answer | ||
b. Set up T-accounts for each of the accounts used in part a. and
post the journal entries to the appropriate line in the correct
T-accounts. (The T-accounts will not have opening balances.)
After all transactions are recorded, compute the balance for each
account in the appropriate column.
| Cash (A) | |||
|---|---|---|---|
| (1) | Answer | Answer | |
| (2) | Answer | Answer | |
| (3) | Answer | Answer | |
| (4) | Answer | Answer | |
| (5) | Answer | Answer | |
| (6) | Answer | Answer | |
| (7) | Answer | Answer | |
| (8) | Answer | Answer | |
| (9) | Answer | Answer | |
| Bal | Answer | Answer | |
| Common Stock (SE) | |||
|---|---|---|---|
| (1) | Answer | Answer | |
| (2) | Answer | Answer | |
| (3) | Answer | Answer | |
| (4) | Answer | Answer | |
| (5) | Answer | Answer | |
| (6) | Answer | Answer | |
| (7) | Answer | Answer | |
| (8) | Answer | Answer | |
| (9) | Answer | Answer | |
| Bal | Answer | Answer | |
| Inventory (A) | |||
|---|---|---|---|
| (1) | Answer | Answer | |
| (2) | Answer | Answer | |
| (3) | Answer | Answer | |
| (4) | Answer | Answer | |
| (5) | Answer | Answer | |
| (6) | Answer | Answer | |
| (7) | Answer | Answer | |
| (8) | Answer | Answer | |
| (9) | Answer | Answer | |
| Bal | Answer | Answer | |
| Retained Earnings (SE) | |||
|---|---|---|---|
| (1) | Answer | Answer | |
| (2) | Answer | Answer | |
| (3) | Answer | Answer | |
| (4) | Answer | Answer | |
| (5) | Answer | Answer | |
| (6) | Answer | Answer | |
| (7) | Answer | Answer | |
| (8) | Answer | Answer | |
| (9) | Answer | Answer | |
| Bal | Answer | Answer | |
| Accounts Payable (L) | |||
|---|---|---|---|
| (1) | Answer | Answer | |
| (2) | Answer | Answer | |
| (3) | Answer | Answer | |
| (4) | Answer | Answer | |
| (5) | Answer | Answer | |
| (6) | Answer | Answer | |
| (7) | Answer | Answer | |
| (8) | Answer | Answer | |
| (9) | Answer | Answer | |
| Bal | Answer | Answer | |
| Revenue (R) | |||
|---|---|---|---|
| (1) | Answer | Answer | |
| (2) | Answer | Answer | |
| (3) | Answer | Answer | |
| (4) | Answer | Answer | |
| (5) | Answer | Answer | |
| (6) | Answer | Answer | |
| (7) | Answer | Answer | |
| (8) | Answer | Answer | |
| (9) | Answer | Answer | |
| Bal | Answer | Answer | |
| Unearned Revenue (L) | |||
|---|---|---|---|
| (1) | Answer | Answer | |
| (2) | Answer | Answer | |
| (3) | Answer | Answer | |
| (4) | Answer | Answer | |
| (5) | Answer | Answer | |
| (6) | Answer | Answer | |
| (7) | Answer | Answer | |
| (8) | Answer | Answer | |
| (9) | Answer | Answer | |
| Bal | Answer | Answer | |
| Wages Expense (E) | |||
|---|---|---|---|
| (1) | Answer | Answer | |
| (2) | Answer | Answer | |
| (3) | Answer | Answer | |
| (4) | Answer | Answer | |
| (5) | Answer | Answer | |
| (6) | Answer | Answer | |
| (7) | Answer | Answer | |
| (8) | Answer | Answer | |
| (9) | Answer | Answer | |
| Bal | Answer | Answer | |
| Notes Payable (L) | |||
|---|---|---|---|
| (1) | Answer | Answer | |
| (2) | Answer | Answer | |
| (3) | Answer | Answer | |
| (4) | Answer | Answer | |
| (5) | Answer | Answer | |
| (6) | Answer | Answer | |
| (7) | Answer | Answer | |
| (8) | Answer | Answer | |
| (9) | Answer | Answer | |
| Bal | Answer | Answer | |
| Interest Expense (E) | |||
|---|---|---|---|
| (1) | Answer | Answer | |
| (2) | Answer | Answer | |
| (3) | Answer | Answer | |
| (4) | Answer | Answer | |
| (5) | Answer | Answer | |
| (6) | Answer | Answer | |
| (7) | Answer | Answer | |
| (8) | Answer | Answer | |
| (9) | Answer | Answer | |
| Bal | Answer | Answer | |
Feedback
In journal entries, debits increase assets and expenses and decrease liabilities, equity and revenues. Credits increase liabilities, equity and revenues and decrease assets and expenses. For each entry, the debits must equal the credits.
In: Accounting
Data Table I: Freezing Point Depression
|
Time (in minutes) |
Ethyl Alcohol Trial #1 Temp (in oC) |
Ethyl alcohol Trial #2 Temp (in oC) |
Isopropyl alcohol Trial #1 Temp (in oC) |
Isopropyl alcohol Trial #2 Temp (in oC) |
|
Initial |
24 |
25 |
23 |
24 |
|
1:00 |
10 |
5 |
11 |
11 |
|
2:00 |
02 |
00 |
7 |
7 |
|
3:00 |
-2 |
-2 |
5 |
4 |
|
4:00 |
-5 |
-4 |
3 |
2 |
|
5:00 |
-6 |
-4 |
2 |
1 |
|
6:00 |
-6 |
-5 |
1 |
0 |
|
7:00 |
-7 |
-6 |
0 |
0 |
|
8:00 |
-9 |
-6 |
-1 |
0 |
|
9:00 |
-10 |
-6 |
-1 |
-1 |
|
10:00 |
Below -10 |
-7 |
-1 |
-1 |
|
11:00 |
Below -10 |
-7 |
-1 |
-1 |
|
12:00 |
Below -10 |
-7 |
-1 |
-1 |
|
13:00 |
Below -10 |
-7 |
-1 |
-1 |
|
14:00 |
Below -10 |
-7 |
-1 |
-1 |
|
15:00 |
Below -10 |
-7 |
-1 |
-1 |
|
16:00 |
Below -10 |
-7 |
-1 |
-1 |
|
17:00 |
Below -10 |
-7 |
-1 |
-1 |
|
18:00 |
Below -10 |
-7 |
-1 |
-1 |
|
19:00 |
Below -10 |
-7 |
-1 |
-1 |
|
20:00 |
Below -10 |
-7 |
-1 |
-1 |
|
21:00 |
Below -10 |
-7 |
-1 |
-1 |
|
22:00 |
Below -10 |
-7 |
-1 |
-1 |
|
23:00 |
Below -10 |
-7 |
-1 |
-1 |
|
24:00 |
Below -10 |
-6 |
-1 |
-1 |
|
25:00 |
Below -10 |
-6 |
-1 |
-1 |
|
26:00 |
Below -10 |
-6 |
-1 |
-1 |
|
27:00 |
Below -10 |
-6 |
-1 |
-1 |
|
28:00 |
Below -10 |
-6 |
-1 |
-1 |
|
29:00 |
Below -10 |
-6 |
-1 |
-1 |
|
30:00 |
Below -10 |
-6 |
-1 |
-1 |
|
31:00 |
Below -10 |
-6 |
-1 |
-1 |
|
32:00 |
Below -10 |
-6 |
-1 |
-1 |
|
33:00 |
Below -10 |
-6 |
-1 |
-1 |
|
34:00 |
Below -10 |
-6 |
-1 |
-1 |
|
35:00 |
Below -10 |
-6 |
-1 |
-1 |
|
36:00 |
Below -10 |
-6 |
-1 |
-1 |
|
37:00 |
Below -10 |
-6 |
-1 |
-1 |
|
38:00 |
Below -10 |
-6 |
-1 |
-1 |
|
39:00 |
Below -10 |
-6 |
-1 |
-1 |
Calculations:
Show all work, including formulas used, units/substance labels, and evaluate significant figures when reporting your answer.
1.Calculate the freezing point depression (ΔTf) for all four trials, assuming that the freezing point of pure water is 0oC. Record these values in Data Table II.
2. Calculate the molality of each of the solutions (using the formula ΔTf = Kf m, where Kf for water is -1.86oC/m) using the values for freezing point depression you just determined in #1 above, and some algebra in the equation: ΔTf = Kfm. Record these values in Data Table II.
3. Use these molalities to calculate the moles of solute (moles of ethanol and moles of isopropyl alcohol- remember that molality, m, is moles of solute/kg of solvent). Record these values in Data Table II.
4. The molecular formula for ethyl rubbing alcohol (ethanol) is C2H5OH (C2H6O) and for isopropyl alcohol is CH3CHOHCH3 (C3H8O). Calculate the mass of each alcohol in the solution (using the moles of each alcohol calculated in # 3, and the molar mass of each alcohol). Record these values in Data Table II.
5. Divide the mass of each alcohol calculated in # 4 by the density of that alcohol (the density of pure ethanol is 0.789 g/ml and that of pure isopropyl alcohol is 0.781 g/ml). The result will be the volume of the alcohol in mL that is present in the solution. Record this in Data Table II.
6. Divide this volume of alcohol by 2.0 mL and multiply by 100. The result is the % of alcohol in the solution. Record this value in Data Table II.
7. The alcohols you purchased are reported to be 70% pure. Compare the experimentally determined % of alcohol as calculated in # 6 to the accepted value of 70%, as a % error calculation (% error = │accepted value – experimental value│ / accepted value x 100 %). Record these values in Data Table II.
DATA TABLE II: FREEZING POINT DEPRESSION
|
Calculated /Derived Value |
Ethyl alcohol Trial #1 |
Ethyl alcohol Trial # 2 |
Isopropyl alcohol Trial # 1 |
Isopropyl alcohol Trial # 2 |
|
∆Tf ( C) |
||||
|
Molality (moles solute/ kg solvent) |
||||
|
Moles solute |
||||
|
Mass of alcohol (g) |
||||
|
Volume of alcohol in solution (mL) |
||||
|
% alcohol in solution |
||||
|
% error in purity based on manufacturer’s claim |
In: Chemistry
We want to know whether an independent variable (room temperature) affects scores on a dependent variable (ratings of anger). The levels of the IV are hot and cold and the DV is measured on an anger scale (ranging from 0 no anger to 10 high anger). A random sample of subjects has been taken from the universe. Half of the subjects are randomly placed in the hot room while the other half are placed in the cold room.
The samples are said to be because subjects are responding in the hot room than are responding in the cold room.
The data: Subject Hot room Subject Cold room
1 5 11 3
2 8 12 2
3 5 13 6
4 8 14 6
5 9 15 4
6 7 16 4
7 2 17 3
8 8 18 2
9 4 19 2
10 6 20 3
In: Statistics and Probability
JAVA
Answer the following questions as briefly (but completely) as possible:
1: /** Return the max of two numbers */
2: public static int max ( int num1, int num2 ) {
3: int result;
4:
5: if ( num1 > num2 )
6: result = num1;
7: else
8: result = num2;
9: return result;
10: } 1: public class Test {
2: public static method1(int n, m) {
3: n += m;
4: method2 (3. 4);
5: }
6:
7: public static int method2(int n) {
8: if ( n > 0 ) return 1;
9: else if (n == 0) return 0;
10: else if (n < 0) return -1;
11: }
12: } 1: public class Test {
2: public static void main ( String [] args ) {
3: int max = 0;
4: max(1, 2, max);
5: System.out.println(max);
6: }
7:
8: public static void max ( int value1, int value2, int max ) {
9: if ( value1 > value2 )
10: max = value1;
11: else
12: max = value2;
13: }
14: } 1: public class Test {
2: public static void main ( String [] args ) {
3: int i = 1;
4: while ( i <= 6 ) {
5: method1( i, 2 );
6: i++;
7: }
8: }
9:
10: public static void method1 ( int i, int num ) {
11: for ( int j = 1; j <= i; j++ ) {
12: System.out.print( num + " " );
13: num *= 2;
14: }
15: System.out.println();
16: }
17: }1: public class Test {
2: public static void method ( int x ) {
3: }
4: public static int method ( int y ) {
5: return y;
6: }
7: } 1: import java.util.Scanner;
2:
3: public class ComputeFactorial {
4: public static void main ( String [] args ) {
5: Scanner input = new Scanner( System.in );
6: System.out.print( "Enter a nonnegative integer: " );
7: int n = input.nextInt();
8:
9: // Display factorial
10: System.out.println( "Factorial of " + n + " is " + factorial(n) );
11: }
12:
13: /** Return the factorial for the specified number */
14: public static long factorial ( int n ) {
15: if ( n == 0 ) // Base case
16: return 1;
17: else
18: return n * factorial( n - 1 ); // Recursive call
19: }
20: }1: public class F {
2: int i;
3: static String s;
4: void iMethod () {
5: }
6: static void sMethod () {
7: }
8: }
1: public class Test {
2: private int count;
3: public ? void main ( String [] args ) {
4: ...
5: }
6: public ? int getCount () {
7: return count;
8: }
9: public ? int factorial ( int n ) {
10: int result = 1;
11: for ( int i = 1; i <= n; i++ )
12: result *= i;
13: return result;
14: }
15: }In: Computer Science
A1 = Asset 1 etc. L1 = Liability 1 etc. A1 with value of $3
million and duration of 2years A2 with value of $2 million and
duration of 6 years A3 with value of $1 million and duration of 8
years The liability includes: L1 with value of $4 million and
duration of 20 years L2 with value of $2 million and duration of 30
years What is the liability value change in million dollars if
interest rate decreases by 1%?
In: Finance
a. The plane x = 2 is
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b. Which of the following vectors is not perpendicular to vector u =(-5, 2, 1)?
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c.Given unit vectors i, j and k, 2j × 3k=
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d. If Car A is travelling north at 50 km/h and Car B is travelling south at 60 km/h, the velocity of Car A relative to Car B is
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e. Given three vectors, u, v, and w, if u • (v × w) = 0, what geometrical result can be concluded?
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f. The plane (x, y, z) = (4, 2, 1) + s(1, 1, -2) + t(2, -1, 3), converted into scalar form, has equation
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In: Math
Complete the table attached below to briefly identify four (4) characteristics of multidisciplinary teams and how they are used. Please identify the characteristics of a work team in the healthcare setting and how it would be applied.
Briefly identify four (4) characteristics of multidisciplinary teams and how they are used?
|
Multidisciplinary team characteristics |
How these characteristics are used to provide effective care |
|
1. |
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2. |
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3. |
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4. |
In: Nursing
1. A solid uniform cylinder is rolling without slipping. What fraction of this cylinder's kinetic energy is rotational? (Note: the moment of inertia of a cylinder of mass M and radius R rotating about its central axis is 0.5MR2.)
A 1/3
B 2/3
C 1/2
D 1/4
E 3/4
2. A public art installation consists of three 25-kg glass sculptures hung side-by-side with steel wires of length 1.00 m, 2.00 m and 3.00 m. If the wires all have the same diameter, which one stretches the greatest distance?
A All three wires will stretch the same distance.
B The 1.00-m wire will stretch the greatest distance.
C The 2.00-m wire will stretch the greatest distance.
D The 3.00-m wire will stretch the greatest distance.
E There is not enough information to say.
In: Physics