Reference no: EM131217653
The balances in the ledger of Landscape Services as of December 31, 2007 before adjustments, are as follows: Cash $ 4,500 Tim Welch, Capital $33,050 Supplies 4,150 Tim Welch, Drawing 2,900 Prepaid Insurance 8,700 Service Revenue 52,500 Equipment 42,000 Salary Expense 26,600 Accumulated Rent Expense 5,000 Depreciation 10,200 Miscellaneous Expense 1,900 Adjustment data are as follows: supplies on hand, December 31, $1,000; insurance expired for December, $900; depreciation on equipment for December, $1,500; salaries accrued, December 31, $1,000. (a) Prepare a ten-column work sheet for Landscape Services for December, 2007. (b) On the basis of the work sheet in (a), present the following in good order: (1) income statement, (2) statement of owner's equity (no additional investments were made during the month), and (3) balance sheet. (c) On the basis of the work sheet in (a), journalize the closing entries as of December 31, 2007.
|
Develop a swot analysis and a balanced strategic scorecard
: Use the balanced scorecard or another similar tool to recommend indicators and measurements that will tell you if the company is successful or unsuccessful in progressing toward your vision through execution of strategy.
|
|
Show that organization bureaucracy meets characteristic
: SOC-102 Bureaucracy Essay - Describe an organization with which you are familiar and which appears to fit the characteristics of a bureaucracy, as listed in Our Social World. - show that the organization bureaucracy meets each characteristic.
|
|
Efficiencies and inefficiencies-describe with examples
: 1. Draw a PPC with a bow and why it occurred, label all points and X & Y axis, show efficiencies and inefficiencies and describe with examples.
|
|
Economic progress-causes and effects
: Read Chapter 13, including each of the seven Application sections. Choose any two of the Application sections and discuss the following:
|
|
Prepare a ten-column work sheet for landscape services
: The balances in the ledger of Landscape Services as of December 31, 2007 before adjustments, are as follows: Cash $ 4,500 Tim Welch, Capital $33,050 Supplies 4,150 Tim Welch, Drawing 2,900 Prepaid Insurance 8,700 Service Revenue 52,500 Equipment 42,0..
|
|
Elasticity of demand on consumer and producer
: Discuss the effect of elasticity of demand on consumer and producer surplus and give examples.
|
|
Corporation may have nonresident alien shareholders
: Which of the following is a disadvantage of filing as an S Corporation? There is a maximum of 75 shareholders. The corporation may have only one class of stock. Income from an S corporation may not be subject to self-employment tax. There is a maximu..
|
|
What is the firm total revenue function
: A firm's demand function is Q = 16 - P and its total cost function is defined as TC = 3 + Q + 0.25Q2.
|
|
Rate of inflation unexpectedly slows down
: If the rate of inflation unexpectedly slows down between the time you take out the loan and the time you begin paying back it back, is there a redistribution of income? Do you gain or lose? What if you already expected the inflation rate to slow a..
|