in 1976, an outbreak of pulmonary infections among participants at an American Legion convention in Philadelphia led to the identification of a new disease, Legionnaire's disease. The bacterium responsible for the disease had never before been known to be pathogenic. From your knowledge of bacterial genetics, can you postulate how it might have acquired the ability to cause disease

The Clarke Co. acquired a machine on May 1, 2006, at a cost of $60,000. The machine is expected to have a ten-year life and a residual value of $5,000. The estimated lifetime output from the machine is expected to be 55,000 units. Under which of the following depreciation methods would the depreciation charge be the greatest in 2006, if 9,100 units were produced in that year?

Which f the following is true regarding clinical symptoms of infection in the older adult?

a) infection in older adults can quicky progress sepsis

b) an older adult retains the immunity they acquired from childhood vaccines

c) older adults have an increase in immune function

d) a classic sign of infection in the older adult is the presence of fever.

Problem 2-2A Preparing and posting journal entries; preparing a trial balance LO C3, C4, A1, P1, P2

Aracel Engineering completed the following transactions in the month of June.

1. Jenna Aracel, the owner, invested $200,000 cash, office equipment with a value of $5,400, and $60,000 of drafting equipment to launch the company.
2. The company purchased land worth $53,000 for an office by paying $9,200 cash and signing a long-term note payable for $43,800.
3. The company purchased a portable building with $58,000 cash and moved it onto the land acquired in b.
4. The company paid $4,700 cash for the premium on an 18-month insurance policy.
5. The company completed and delivered a set of plans for a client and collected $8,800 cash.
6. The company purchased $28,000 of additional drafting equipment by paying $11,400 cash and signing a long-term note payable for $16,600.
7. The company completed $17,500 of engineering services for a client. This amount is to be received in 30 days.
8. The company purchased $1,300 of additional office equipment on credit.
9. The company completed engineering services for $22,000 on credit.
10. The company received a bill for rent of equipment that was used on a recently completed job. The $1,475 rent cost must be paid within 30 days.
11. The company collected $6,000 cash in partial payment from the client described in transaction g.
12. The company paid $2,400 cash for wages to a drafting assistant.
13. The company paid $1,300 cash to settle the account payable created in transaction h.
14. The company paid $915 cash for minor maintenance of its drafting equipment.
15. Jenna Aracel withdrew $10,070 cash from the company for personal use.
16. The company paid $1,900 cash for wages to a drafting assistant.
17. The company paid $2,600 cash for advertisements on the Web during June.

Required:
1. Prepare general journal entries to record these transactions using the following titles: Cash (101); Accounts Receivable (106); Prepaid Insurance (108); Office Equipment (163); Drafting Equipment (164); Building (170); Land (172); Accounts Payable (201); Notes Payable (250); J. Aracel, Capital (301); J. Aracel, Withdrawals (302); Engineering Fees Earned (402); Wages Expense (601); Equipment Rental Expense (602); Advertising Expense (603); and Repairs Expense (604).
2. Post the journal entries from part 1 to the ledger accounts.
3. Prepare a trial balance as of the end of June.

Problem 2-2A Preparing and posting journal entries; preparing a trial balance LO C3, C4, A1, P1, P2

Aracel Engineering completed the following transactions in the month of June.

1. Jenna Aracel, the owner, invested $185,000 cash, office equipment with a value of $9,200, and $73,000 of drafting equipment to launch the company.
2. The company purchased land worth $51,000 for an office by paying $6,900 cash and signing a long-term note payable for $44,100.
3. The company purchased a portable building with $55,000 cash and moved it onto the land acquired in b.
4. The company paid $2,600 cash for the premium on an 18-month insurance policy.
5. The company completed and delivered a set of plans for a client and collected $9,600 cash.
6. The company purchased $29,000 of additional drafting equipment by paying $11,300 cash and signing a long-term note payable for $17,700.
7. The company completed $19,500 of engineering services for a client. This amount is to be received in 30 days.
8. The company purchased $1,050 of additional office equipment on credit.
9. The company completed engineering services for $29,000 on credit.
10. The company received a bill for rent of equipment that was used on a recently completed job. The $1,656 rent cost must be paid within 30 days.
11. The company collected $5,000 cash in partial payment from the client described in transaction g.
12. The company paid $2,000 cash for wages to a drafting assistant.
13. The company paid $1,050 cash to settle the account payable created in transaction h.
14. The company paid $1,190 cash for minor maintenance of its drafting equipment.
15. Jenna Aracel withdrew $10,140 cash from the company for personal use.
16. The company paid $1,300 cash for wages to a drafting assistant.
17. The company paid $2,900 cash for advertisements on the Web during June.

Required:
1. Prepare general journal entries to record these transactions using the following titles: Cash (101); Accounts Receivable (106); Prepaid Insurance (108); Office Equipment (163); Drafting Equipment (164); Building (170); Land (172); Accounts Payable (201); Notes Payable (250); J. Aracel, Capital (301); J. Aracel, Withdrawals (302); Engineering Fees Earned (402); Wages Expense (601); Equipment Rental Expense (602); Advertising Expense (603); and Repairs Expense (604).
2. Post the journal entries from part 1 to the ledger accounts.
3. Prepare a trial balance as of the end of June.

Problem 2-2A Preparing and posting journal entries; preparing a trial balance LO C3, C4, A1, P1, P2

Aracel Engineering completed the following transactions in the month of June.

1. Jenna Aracel, the owner, invested $200,000 cash, office equipment with a value of $5,400, and $60,000 of drafting equipment to launch the company.
2. The company purchased land worth $53,000 for an office by paying $9,200 cash and signing a long-term note payable for $43,800.
3. The company purchased a portable building with $58,000 cash and moved it onto the land acquired in b.
4. The company paid $4,700 cash for the premium on an 18-month insurance policy.
5. The company completed and delivered a set of plans for a client and collected $8,800 cash.
6. The company purchased $28,000 of additional drafting equipment by paying $11,400 cash and signing a long-term note payable for $16,600.
7. The company completed $17,500 of engineering services for a client. This amount is to be received in 30 days.
8. The company purchased $1,300 of additional office equipment on credit.
9. The company completed engineering services for $22,000 on credit.
10. The company received a bill for rent of equipment that was used on a recently completed job. The $1,475 rent cost must be paid within 30 days.
11. The company collected $6,000 cash in partial payment from the client described in transaction g.
12. The company paid $2,400 cash for wages to a drafting assistant.
13. The company paid $1,300 cash to settle the account payable created in transaction h.
14. The company paid $915 cash for minor maintenance of its drafting equipment.
15. Jenna Aracel withdrew $10,070 cash from the company for personal use.
16. The company paid $1,900 cash for wages to a drafting assistant.
17. The company paid $2,600 cash for advertisements on the Web during June.

Required:
1. Prepare general journal entries to record these transactions using the following titles: Cash (101); Accounts Receivable (106); Prepaid Insurance (108); Office Equipment (163); Drafting Equipment (164); Building (170); Land (172); Accounts Payable (201); Notes Payable (250); J. Aracel, Capital (301); J. Aracel, Withdrawals (302); Engineering Fees Earned (402); Wages Expense (601); Equipment Rental Expense (602); Advertising Expense (603); and Repairs Expense (604).
2. Post the journal entries from part 1 to the ledger accounts.
3. Prepare a trial balance as of the end of June.

Tanner-UNF Corporation acquired as a long-term investment $320 million of 4% bonds, dated July 1, on July 1, 2021. Company management has the positive intent and ability to hold the bonds until maturity, but when the bonds were acquired Tanner-UNF decided to elect the fair value option for accounting for its investment. The market interest rate (yield) was 6% for bonds of similar risk and maturity. Tanner-UNF paid $290 million for the bonds. The company will receive interest semiannually on June 30 and December 31. As a result of changing market conditions, the fair value of the bonds at December 31, 2021, was $300 million.

Required:
1. How would this investment be classified on Tanner-UNF's balance sheet?
2. to 4. Prepare the journal entry to record Tanner-UNF’s investment in the bonds on July 1, 2021, interest on December 31, 2021, at the effective (market) and fair value changes as of December 31, 2021.
5. At what amount will Tanner-UNF report its investment in the December 31, 2021, balance sheet?
6. Suppose Moody's bond rating agency downgraded the risk rating of the bonds motivating Tanner-UNF to sell the investment on January 2, 2022, for $280 million. Prepare the journal entries to record the sale.

Tanner-UNF Corporation acquired as a long-term investment $310 million of 6% bonds, dated July 1, on July 1, 2018. Company management has the positive intent and ability to hold the bonds until maturity, but when the bonds were acquired Tanner-UNF decided to elect the fair value option for accounting for its investment. The market interest rate (yield) was 9% for bonds of similar risk and maturity. Tanner-UNF paid $280 million for the bonds. The company will receive interest semiannually on June 30 and December 31. As a result of changing market conditions, the fair value of the bonds at December 31, 2018, was $290 million.

Required:
1. How would this investment be classified on Tanner-UNF's balance sheet?
2. to 4. Prepare the journal entry to record Tanner-UNF’s investment in the bonds on July 1, 2018, interest on December 31, 2018, at the effective rate and fair value changes as of December 31, 2018.
5. At what amount will Tanner-UNF report its investment in the December 31, 2018, balance sheet?
6. Suppose Moody's bond rating agency downgraded the risk rating of the bonds motivating Tanner-UNF to sell the investment on January 2, 2019, for $270 million. Prepare the journal entry to record the sale.

Tanner-UNF Corporation acquired as a long-term investment $300 million of 4% bonds, dated July 1, on July 1, 2021. Company management has the positive intent and ability to hold the bonds until maturity, but when the bonds were acquired Tanner-UNF decided to elect the fair value option for accounting for its investment. The market interest rate (yield) was 6% for bonds of similar risk and maturity. Tanner-UNF paid $270 million for the bonds. The company will receive interest semiannually on June 30 and December 31. As a result of changing market conditions, the fair value of the bonds at December 31, 2021, was $280 million.

Required:
1. How would this investment be classified on Tanner-UNF's balance sheet?
2. to 4. Prepare the journal entry to record Tanner-UNF’s investment in the bonds on July 1, 2021, interest on December 31, 2021, at the effective (market) and fair value changes as of December 31, 2021.
5. At what amount will Tanner-UNF report its investment in the December 31, 2021, balance sheet?
6. Suppose Moody's bond rating agency downgraded the risk rating of the bonds motivating Tanner-UNF to sell the investment on January 2, 2022, for $260 million. Prepare the journal entries to record the sale.

Tanner-UNF Corporation acquired as a long-term investment $200 million of 6% bonds, dated July 1, on July 1, 2018. Company management has the positive intent and ability to hold the bonds until maturity, but when the bonds were acquired Tanner-UNF decided to elect the fair value option for accounting for its investment. The market interest rate (yield) was 8% for bonds of similar risk and maturity. Tanner-UNF paid $170 million for the bonds. The company will receive interest semiannually on June 30 and December 31. As a result of changing market conditions, the fair value of the bonds at December 31, 2018, was $180 million.

Required:
1. How would this investment be classified on Tanner-UNF's balance sheet?
2. to 4. Prepare the journal entry to record Tanner-UNF’s investment in the bonds on July 1, 2018, interest on December 31, 2018, at the effective rate and fair value changes as of December 31, 2018.
5. At what amount will Tanner-UNF report its investment in the December 31, 2018, balance sheet?
6. Suppose Moody's bond rating agency downgraded the risk rating of the bonds motivating Tanner-UNF to sell the investment on January 2, 2019, for $150 million. Prepare the journal entry to record the sale.