The transactions completed by AM Express Company during March, the first month of the fiscal year, were as follows:

Mar. 1.		Issued Check No. 205 for March rent, $2,450.
2.		Purchased a vehicle on account from McIntyre Sales Co., $26,900.
3.		Purchased office equipment on account from Office Mate Inc., $1,570.
5.		Issued Invoice No. 91 to Ellis Co., $7,000.
6.		Received check for $7,950 from Chavez Co. in payment of invoice.
7.		Issued Invoice No. 92 to Trent Co., $9,840.
9.		Issued Check No. 206 for fuel expense, $820.
10.		Received check for $10,000 from Sajeev Co. in payment of invoice.
10.		Issued Check No. 207 to Office City in payment of $450 invoice.
10.		Issued Check No. 208 to Bastille Co. in payment of $1,890 invoice.
11.		Issued Invoice No. 93 to Jarvis Co., $7,200.
11.		Issued Check No. 209 to Porter Co. in payment of $415 invoice.
12.		Received check for $7,000 from Ellis Co. in payment of March 5 invoice.
13.		Issued Check No. 210 to McIntyre Sales Co. in payment of $26,900 invoice of March 2.
16.		Cash fees earned for March 1–16, $26,800.
16.		Issued Check No. 211 for purchase of a vehicle, $28,500.
17.		Issued Check No. 212 for miscellaneous administrative expense, $4,680.
18.		Purchased maintenance supplies on account from Bastille Co., $2,430.
18.		Received check for rent revenue on office space, $900.
19.		Purchased the following on account from Master Supply Co.: maintenance supplies, $2,640, and office supplies, $1,500.
20.		Issued Check No. 213 in payment of advertising expense, $8,590.
20.		Used maintenance supplies with a cost of $4,400 to repair vehicles.
21.		Purchased office supplies on account from Office City, $990.
24.		Issued Invoice No. 94 to Sajeev Co., $9,200.
25.		Received check for $14,000 from Chavez Co. in payment of invoice.
25.		Issued Invoice No. 95 to Trent Co., $6,300.
26.		Issued Check No. 214 to Office Mate Inc. in payment of $1,570 invoice of March 3.
27.		Issued Check No. 215 to J. Wu as a personal withdrawal, $4,000.
30.		Issued Check No. 216 in payment of driver salaries, $33,300.
31.		Issued Check No. 217 in payment of office salaries, $21,200.
31.		Issued Check No. 218 for office supplies, $600.
31.		Cash fees earned for March 17–31, $29,400.

Required:

1. The following accounts are setup in the general ledger as of March 1. Using the information below, enter the balances for each account.

11	Cash	$65,200		32	J. Wu, Drawing	-
12	Accounts Receivable	31,950		41	Fees Earned	-
14	Maintenance Supplies	7,240		42	Rent Revenue	-
15	Office Supplies	3,690		51	Driver Salaries Expense	-
16	Office Equipment	17,300		52	Maintenance Supplies Expense	-
17	Accum. Depr.—Office Equip.	4,250		53	Fuel Expense	-
18	Vehicles	62,400		61	Office Salaries Expense	-
19	Accum. Depr.—Vehicles	17,800		62	Rent Expense	-
21	Accounts Payable	2,755		63	Advertising Expense	-
31	J. Wu, Capital	162,975		64	Miscellaneous Administrative Exp.	-

2. Journalize the transactions for March using the required journal(s). Assume that the daily postings to the individual accounts in the accounts payable subsidiary ledger and the accounts receivable subsidiary ledger have been made.

2a. Journalize the transactions for March using the purchases journal (with columns for Accounts Payable, Maintenance Supplies, Office Supplies, and Other Accounts). Assume that the daily postings to the individual accounts in the accounts payable subsidiary ledger and the accounts receivable subsidiary ledger have been made.

If no entry is required, type "No entry required" and leave the amount boxes blank.

If an amount box does not require an entry, leave it blank.

2b. Journalize the transactions for March using the cash receipts journal. Assume that the daily postings to the individual accounts in the accounts payable subsidiary ledger and the accounts receivable subsidiary ledger have been made.

If an amount box does not require an entry, leave it blank.

2c. Journalize the transactions for March using the single-column revenue journal. Assume that the daily postings to the individual accounts in the accounts payable subsidiary ledger and the accounts receivable subsidiary ledger have been made.

2d. Journalize the transactions for March using the cash payments journal. Assume that the daily postings to the individual accounts in the accounts payable subsidiary ledger and the accounts receivable subsidiary ledger have been made.

If an amount box does not require an entry, leave it blank.

2e. Journalize the transactions for March using the two-column general journal. Assume that the daily postings to the individual accounts in the accounts payable subsidiary ledger and the accounts receivable subsidiary ledger have been made.

If an amount box does not require an entry, leave it blank.

3. Post the appropriate individual entries to the general ledger.

4. Total each of the columns of the special journals, and post the appropriate totals to the general ledger; insert the account balances.

If an amount box does not require an entry, leave it blank.

5. Prepare a trial balance.

If an amount box does not require an entry, leave it blank.

All Journals and The primary ledger, when used in conjunction with subsidiary ledgers, that contains all of the balance sheet and income statement accounts.General Ledger; Trial Balance

The transactions completed by AM Express Company during March, the first month of the fiscal year, were as follows:

Mar. 1.		Issued Check No. 205 for March rent, $2,450.
2.		Purchased a vehicle on account from McIntyre Sales Co., $26,900.
3.		Purchased office equipment on account from Office Mate Inc., $1,570.
5.		Issued Invoice No. 91 to Ellis Co., $7,000.
6.		Received check for $7,950 from Chavez Co. in payment of invoice.
7.		Issued Invoice No. 92 to Trent Co., $9,840.
9.		Issued Check No. 206 for fuel expense, $820.
10.		Received check for $10,000 from Sajeev Co. in payment of invoice.
10.		Issued Check No. 207 to Office City in payment of $450 invoice.
10.		Issued Check No. 208 to Bastille Co. in payment of $1,890 invoice.
11.		Issued Invoice No. 93 to Jarvis Co., $7,200.
11.		Issued Check No. 209 to Porter Co. in payment of $415 invoice.
12.		Received check for $7,000 from Ellis Co. in payment of March 5 invoice.
13.		Issued Check No. 210 to McIntyre Sales Co. in payment of $26,900 invoice of March 2.
16.		Cash fees earned for March 1–16, $26,800.
16.		Issued Check No. 211 for purchase of a vehicle, $28,500.
17.		Issued Check No. 212 for miscellaneous administrative expense, $4,680.
18.		Purchased maintenance supplies on account from Bastille Co., $2,430.
18.		Received check for rent revenue on office space, $900.
19.		Purchased the following on account from Master Supply Co.: maintenance supplies, $2,640, and office supplies, $1,500.
20.		Issued Check No. 213 in payment of advertising expense, $8,590.
20.		Used maintenance supplies with a cost of $4,400 to repair vehicles.
21.		Purchased office supplies on account from Office City, $990.
24.		Issued Invoice No. 94 to Sajeev Co., $9,200.
25.		Received check for $14,000 from Chavez Co. in payment of invoice.
25.		Issued Invoice No. 95 to Trent Co., $6,300.
26.		Issued Check No. 214 to Office Mate Inc. in payment of $1,570 invoice of March 3.
27.		Issued Check No. 215 to J. Wu as a personal withdrawal, $4,000.
30.		Issued Check No. 216 in payment of driver salaries, $33,300.
31.		Issued Check No. 217 in payment of office salaries, $21,200.
31.		Issued Check No. 218 for office supplies, $600.
31.		Cash fees earned for March 17–31, $29,400.

Required:

1. The following accounts are setup in the general ledger as of March 1. Using the information below, enter the balances for each account.

11	Cash	$65,200		32	J. Wu, Drawing	-
12	Accounts Receivable	31,950		41	Fees Earned	-
14	Maintenance Supplies	7,240		42	Rent Revenue	-
15	Office Supplies	3,690		51	Driver Salaries Expense	-
16	Office Equipment	17,300		52	Maintenance Supplies Expense	-
17	Accum. Depr.—Office Equip.	4,250		53	Fuel Expense	-
18	Vehicles	62,400		61	Office Salaries Expense	-
19	Accum. Depr.—Vehicles	17,800		62	Rent Expense	-
21	Accounts Payable	2,755		63	Advertising Expense	-
31	J. Wu, Capital	162,975		64	Miscellaneous Administrative Exp.	-

2. Journalize the transactions for March using the required journal(s). Assume that the daily postings to the individual accounts in the accounts payable subsidiary ledger and the accounts receivable subsidiary ledger have been made.

2a. Journalize the transactions for March using the The journal in which all items purchased on account are recorded.purchases journal (with columns for Accounts Payable, Maintenance Supplies, Office Supplies, and Other Accounts). Assume that the daily postings to the individual accounts in the accounts payable subsidiary ledger and the accounts receivable subsidiary ledger have been made.

If no entry is required, type "No entry required" and leave the amount boxes blank.

If an amount box does not require an entry, leave it blank.

2b. Journalize the transactions for March using the cash receipts journal. Assume that the daily postings to the individual accounts in the accounts payable subsidiary ledger and the accounts receivable subsidiary ledger have been made.

If an amount box does not require an entry, leave it blank.

2c. Journalize the transactions for March using the single-column revenue journal. Assume that the daily postings to the individual accounts in the accounts payable subsidiary ledger and the accounts receivable subsidiary ledger have been made.

2d. Journalize the transactions for March using the cash payments journal. Assume that the daily postings to the individual accounts in the accounts payable subsidiary ledger and the accounts receivable subsidiary ledger have been made.

If an amount box does not require an entry, leave it blank.

2e. Journalize the transactions for March using the two-column general journal. Assume that the daily postings to the individual accounts in the accounts payable subsidiary ledger and the accounts receivable subsidiary ledger have been made.

If an amount box does not require an entry, leave it blank.

3. Post the appropriate individual entries to the general ledger.

4. Total each of the columns of the special journals, and post the appropriate totals to the general ledger; insert the account balances.

If an amount box does not require an entry, leave it blank.

5. Prepare a trial balance.

If an amount box does not require an entry, leave it blank.

Required: Use the information below to complete the taxpayer’s taxable income and tax. Make assumptions regarding any information not given.

Dr. Ivan Incisor and his wife Irene are married and file a joint return for 2018. Ivan is age 48 and his wife Irene is 39. They live at 1234 Main Street, Modesto, CA 95350.

The Incisors have three children. Seth is 15 years old, Sara is 18 years old, and Shawn is 3 years old.

The Incisors lived in California the entire year. In 2017, the Incisors filed a form 1040 and filed as MFJ.

The Incisors all had health insurance provided by Ivan’s employer for the entire year.

Ivan and Irene have savings account interest income of $1,000 from Bank of America.

Ivan and Irene have City of Modesto Bond interest of $300.

Dr. Incisor is a dentist and his form W-2 from Bitedown Dental Group is as follows:

Wages                            110,000

Federal withholding           11,000

Social Security withholding 6,500

Medicare withholding          1,540

State (CA) withholding       6,800

Irene works at a dental lab “Teeth are Us” and her W-2 is as follows:

Wages                            45,000

Federal withholding            4,500

Social Security withholding 2,790

Medicare withholding          650

State (CA) withholding       2,500

Ivan and Irene have the following expenses:

Medical and dental expenses                           2,000

Prescription eyeglasses                                  500

Mortgage interest (Wells Fargo Bank)                2,500

Credit card interest                                      800

Contributions to Catholic Church                       10,000

Noncash contributions to Salvation Army            350

Property tax on home                                   2,000

Auto insurance                                             700

Auto loan interest                                         450

State tax due and paid on 2017 return             1,000 paid April 2018

Sara started her first year of college at State University in September of 2018. Ivan and Irene paid 7,000 for her tuition and 800 for books. Sara also received a 1,000 scholarship, which was entirely used for tuition. Determine the best alternative educational tax benefit.

Compute the following:

Total includable gross income:

AGI:

Itemized Deductions:

Which should they choose (itemized or standard):

Taxable income:

Tax:

Credits:

Tax Due/Refund:

In the past, Judy Holmes’s tire dealership sold an average of 1,000 radials each year. In the past two years, 200 and 250, respectively, were sold in fall, 350 and 300 in winter, 150 and 165 in spring, and 300 and 285 in summer. With a major expansion planned, Judy projects sales next year to increase to 1,200 radials. What will the demand be each season?

E-learning has been used as the learning platform during CoVid19 pandemic and many students are having hard time with it. What are the best ways to study online? Give three best solutions to make online learning effective and choose the best option based on your preference.

*Write a problem solutions essay of a minimum 350 words. The outline is also required.

A convergent–divergent nozzle with an exit area to throat area ratio of 3 is supplied with air from a reservoir in which the pressure is 350 kPa. The air from the nozzle is discharged into another large reservoir. It is found that the flow leaving the nozzle exit is directed inward at an angle of 4° to the nozzle centerline. The velocity on the nozzle exit plane is supersonic. What is the pressure in the second reservoir?

A series-connected dc motor is designed to operate with a variable load. The resistances RA and RF are negligible. To attain high efficiency, the motor has been designed to have very small rotational losses. For a load torque of 80 N?m , the machine runs at its maximum rated speed of 1300 rpm . Find the speed for a load torque of 350 N?m

A financial administrator believes the average cost of tuition and room and board at a small liberal arts college exceeds $8,500 per term. A study conducted using 350 small liberal arts colleges showed that the average cost per term is $8,745. The population standard deviation is $1,200. Let α = 0.05. What is the p-value for this test?

0.0500

0.0000

0.4938

0.0124

11. A similar analysis was performed for the same exchangeable cations. However, this time the results were reported as mg of the cation per kg of soil as follows: Na = 350 mg/kg K = 1000 mg/kg Ca = 2000 mg/kg Mg = 1000 mg/kg Calculate the CEC (5 pts) Please show your work and do not forget the units

The half-life of  is 0.1452 years. The surface of the Earth gets frequently bombarded by this isotope which is generated in the atmosphere. In an oleander twig,  is observed to decay at a 350 decays/s decay rate.
(a) How long will it take until the decay rate drops to 25 decays/s?
(b) What is the initial mass of   present on the oleander twig?

Molar mass of  is 7.017 g/mol.