Reference no: EM131312012
Learning Objectives : Analyze the impact of business transactions on accounts;
record (journalize and post) transactions in the books;
construct and use a trial balance.
During the first month of operations, Arguetta Brickworks, Inc., completed the following transactions:
Learning Objectives : Analyze the impact of business transactions on accounts; construct and use a trial balance.
During the first month of operations (September 2014), Holt Music Services Corporation completed the following selected transactions:
a. The business received cash of $50,000 and a building with a fair value of $107,000. The corporation issued common stock to the stockholders.
b. Borrowed $60,000 from the bank; signed a note payable.
c. Paid $47,000 for music equipment.
d. Purchased supplies on account, $450.
e. Paid employees' salaries, $6,100.
f. Received $3,790 for music services performed for customers.
g. Performed services for customers on account, $12,800.
h. Paid $100 of the account payable created in transaction d.
i. Received a $700 bill for utility expense that will be paid in the near future.
j. Received cash on account, $1,600.
k. Paid the following cash expenses: (1) rent, $1,400; (2) advertising, $400.
|
Density to the density of water
: The specific gravity of a substance is the ratio of its density to the density of water. If the density of a steel alloy is 441 lb/ft3 and that of water is 62.4 lb/ft3, what is the specific gravity of the steel alloy? Round to decimal places as n..
|
|
What is the likely concentration 10 km from the plant site
: The wind speed was 2 m/s and leak occurred on an overcast day. What is the likely concentration 10 km from the plant site?
|
|
Determine the size of payments
: John borrowed $4700 from the bank in order to buy a new piano. He will pay it off by equal payments at the end of each week for 3 years. The annual interest rate is 3.75%. Determine the size of payments, and the total interest paid.
|
|
Describe briefly the economic policy objectives of nation
: List and describe briefly the economic policy objectives of the nation. Describe the relationship among policy makers, types of policies, and policy objectives. Describe how the U.S. government responded to the perfect financial storm
|
|
Analyze the impact of business transactions on accounts
: Analyze the impact of business transactions on accounts;- Analyze the impact of business transactions on accounts; construct and use a trial balance.
|
|
What ideas that you have learned in this unit is relevant
: Bowie is criticizing the strategy of some businesspeople who think that it pays to bluff. Use what you have learned in this Unit to evaluate Bowie's claim. Is Bowie correct or not? Why? What ideas that you have learned in this Unit is relevant her..
|
|
Explain the essential skills that would make person success
: Describe two financial career options that an individual with a finance education might pursue and explain the value that such a position adds to a company. Explain the essential skills that would make a person successful in each of the described p..
|
|
Predict the town population each decade
: Construct an exponential model to predict the town's population each decade. Use your model to predict the population of the town in 2020. (Express your answer rounded up to the nearest person.)
|
|
Estimate the distance downwind of the spill
: The air temperature is 25 C and the wind speed averaged 4 m/s. The accident occurred on a sunny afternoon. Estimate the distance downwind of the spill that would exceed the worker standard exposure limit of 1 ppmv for DCA.
|