Reference no: EM132644004
Sysco, formed in 1969, is America's largest marketer and distributor of food service products, serving nearly 250,000 restaurants, hotels, schools, hospitals, and other institutions. The following transactions are typical of those that occurred in a recent year, but the amounts are simplified.
a. Borrowed $121,000 from a bank, signing a short-term note payable.
b. Provided $102,700 in service to customers, with $97,300 on account and the rest received in cash.
c. Purchased equipment for $140,000 in cash.
d. Paid employee wages of $2,100.
e. Received $530 on account from a customer.
f. Paid $5,850 cash for travel costs during the year.
g. Paid $9,300 cash on accounts payable.
h. Incurred $27,600 in utility expenses during the year, of which $22,200 was paid in cash and the rest owed on account.
Question 1: Find the preliminary net income
|
Discuss the crime of kidnapping with example
: Discuss the crime of kidnapping. Next, debate whether or not the suggested change in Question 3 would allow the court to convict the attacker for the crime of.
|
|
What effect would have on the valuation of item of inventory
: What effect, if any, would this have on the valuation of this item of inventory on 31 December 2017? Show any relevant general journal entries
|
|
Discuss regulation that you feel substance abuse should make
: Discuss one (1) regulation that you feel the Substance Abuse and Mental Health Services Administration (SAMHSA) should make regarding the practice of recording.
|
|
Find how much is the bond worth today
: Suppose a Google.com bond will pay $4,500 ten years from now. If the going interest rate on safe 10-year bonds is 4.25%, how much is the bond worth today?
|
|
Find the preliminary net income
: Find the preliminary net income. Provided $102,700 in service to customers, with $97,300 on account and the rest received in cash.
|
|
Find how much was the gain or loss experienced by briar
: Find how much was the gain or loss experienced by Briar in reacquiring its 5% bonds? Provide the journal entries to retire the bond on July 1st, 2020.
|
|
Determine the company preliminary net income
: Determine the company's preliminary net income. Earned $440 of service revenue; collected half in cash, with balance on credit.
|
|
MA611 Auditing Assignment
: MA611 Auditing Assignment Help and Solution, Melbourne Institute of Technology - Assessment Writing Service - Understanding a Client to Plan a Financial Report
|
|
Describe three-line items of the multistep income statement
: Describe the three-line items of the multistep income statement. Explain why it would be important for a company to break out its income in this manner.
|