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Derby Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equipment; Accounts Payable; Capital Stock; Retained Earnings; Dividends; Fees Earned; Rent Expense; Advertising Expense; Utilities Expense; Miscellaneous Expense. Journalize the following selected transactions for March 2009 in a two-column journal.
Mar. 1 Paid rent for the month, $3,000.2 Paid advertising expense, $1,800.5 Paid cash for supplies, $900.6 Purchased office equipment on account, $12,300.10 Received cash from customers on account, $4,100.15 Paid creditor on account, $1,200.27 Paid cash for repairs to office equipment, $500.30 Paid telephone bill for the month, $180.31 Fees earned and billed to customers for the month, $26,800.31 Paid electricity bill for the month, $315.31 Paid dividends, $2,000.
Prestige Computers is trying to decide whether to produce and sell a new home computer software package that includes the ability to interface with a sewing machine and a vacuum cleaner. There is no such software currently on the market.
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skyline corp began operations on jan 1 2010. skylines budgeted jan 10 feb 10 and mar 10 sales are 1000000 1200000 and
Deibel Corporation is considering a project that would require an investment of $63,000. No other cash outflows would be involved. The present value of the cash inflows would be $79,380.
Compute cost of goods available for sale and the number of units available for sale and compute the number of units in ending inventory.
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