Reference no: EM131202602
Karla Tanner opens a web consulting business called Linkworks and recorded the following transactions in its first month of operations. Apr. 1 Tanner invests $80,000 cash along with office equipment valued at $26,000 in the company in exchange for common stock. Apr. 2 The company prepaid $9,000 cash for twelve months’ rent for office space. The company's policy is record prepaid expenses in balance sheet accounts. Apr. 3 The company made credit purchases for $8,000 in office equipment and $3,600 in office supplies. Payment is due within 10 days. Apr. 6 The company completed services for a client and immediately received $4,000 cash. Apr. 9 The company completed a $6,000 project for a client, who must pay within 30 days. Apr. 13 The company paid $11,600 cash to settle the account payable created on April 3. Apr. 19 The company paid $2,400 cash for the premium on a 12-month insurance policy. The company's policy is record prepaid expenses in balance sheet accounts. Apr. 22 The company received $4,400 cash as partial payment for the work completed on April 9. Apr. 25 The company completed work for another client for $2,890 on credit. Apr. 28 The company paid $5,500 cash in dividends. Apr. 29 The company purchased $600 of additional office supplies on credit. Apr. 30 The company paid $435 cash for this month’s utility bill. Descriptions of items that require adjusting entries on April 30, 2015, follow. a) On April 2, the company prepaid $9,000 cash for twelve months' rent for office space. b) The balance in Prepaid insurance represents the premium paid for a 12-month insurance policy; the policy's coverage began on April 1. c) Office supplies on hand as of April 30 total $1,200. d) Straight-line depreciation of office equipment, based on a 5-year life and a $4,000 salvage value, is $500 per month. e) The company has completed work for a client, but has not yet billed the $1,800 fee. f) Wages due to employees, but not yet paid, as of April 30 total $2,600.
Create income statement : statement of retained earning and balance sheet as well as impact on statement
|
Society and culture effects on self image
: Society and culture- effects on self image and food consumption: fashion industry, advertising-media, breast enhancement-gastric by pass.
|
|
How should probable cause be implemented in general
: How should probable cause be implemented, in general? As a law enforcement official, what are some of the questions that you might ask yourself in this case before you engage in a stop, search, or seizure or seek a warrant from the court?
|
|
Calculate the pressure in the smaller tube
: If the pressure before the contraction is 415 kPa, calculate the pressure in the smaller tube.
|
|
Write critical analysis essay assignment
: Write Critical Analysis Essay assignment.- what would the world be like without the internet?" utilizing Blake Snow's article as a reference.
|
|
Earning and balance sheet as well as impact on statement
: Karla Tanner opens a web consulting business called Linkworks and recorded the following transactions in its first month of operations. Apr. 1 Tanner invests $80,000 cash along with office equipment valued at $26,000 in the company in exchange for co..
|
|
Calculate freds net capital gain for the current year
: HI6028 Taxation, Theory, Practice & Law Assignment. Fred is a resident who signed a contract to sell his holiday home in the Blue Mountains in August last year. Calculate Fred's net capital gain for the current year
|
|
Do you have probable cause to arrest abby for any crime
: Should you search Abby and Bobby upon their arrival at the precinct? What do you expect to discover on their persons and at the crime scene? How will you obtain evidence that may or may not be found on Abby and Bobby's person?
|
|
Present value issues using the present value tables
: Present Value Issues Using the present value tables, solve the following: (Click here to access the time value of money tables to use with this problem.) Round your answers to two decimal places. Required: What is the present value today of $30,000 d..
|
|
Determine the speed and mass flow rate at the downstream
: Determine the speed and the mass flow rate at the downstream section where the Mach number is 4.0. Explain your answer in explicit details, and list all steps leading up to your final answer.
|