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AlexFokin [52]
2 years ago
15

George Smyth opened a computer repair business on Apr. 1, 20--. During the first month of operations, the firm had the following

transactions. Apr. 1 George Smyth invested $30,000 cash in the business. 2 Paid rent for April, $2,100. 8 Bought equipment for $12,000 and issued a check for $3,000 as a down payment. 12 Performed services for $3,200 in cash, and $1,200 on credit. 19 Paid electric bill, $225. 25 Received $900 on account from credit customers. Required: Record each transactions on page 1 of the general journal. Omit explanations. If an amount box does not req
Business
1 answer:
statuscvo [17]2 years ago
8 0

Answer:

Record each transactions on page 1 of the general journal

Explanation:

Cash  30000  

Equity  30000

George Smyth invested $30,000 cash in the business    

   

Rent expenses  2100  

Cash  2100

Paid rent for April    

   

Equipment  12000  

Cash                  3000

Account payable  9000

Bougth equipment    

   

Cash           1200  

Account receivable2000  

Revenue                 3200

Performed services    

   

Utilities               225  

Cash                225

Paid electric bill    

   

Cash                900  

Account receivable 900

Received on account from credit customers    

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Answer:,S25

Explanation:

The sales agreement between Jack is and Farmer was for a consideration of S75, the consideration for the purchase of tomatoes from another farmer is S100, this invariably means Jackie has incurred an additional S25 to purchase the tomatoes than he will normally has paid for it. This sum of S25 his what she will get in a lawsuits.

5 0
2 years ago
A local regulator has calculated the average cost of production for the public water utility. Theregulator has allowed an adjust
Varvara68 [4.7K]

Answer:

A. cost-plus regulation

Explanation:

When a local regulator calculates the average cost of production for the public water utility or any other service and allow an adjustment for the normal rate of profit the firm should expect to earn, and then set the price that consumers can be charged accordingly, this is known as cost-plus regulation.

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8 0
2 years ago
A company has the following three events in December: 1. December 1 - Pay last month's rent (November), $500. 2. December 15 - P
bearhunter [10]

Answer:

A transformation T: (x, y)  (x + 3, y + 1). For the ordered pair (4, 3), enter its preimage point.

(-1, 2)

(1, 2)

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Explanation:

A transformation T: (x, y)  (x + 3, y + 1). For the ordered pair (4, 3), enter its preimage point.

(-1, 2)

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6 0
2 years ago
Aseller closed on his house on november 15. the annual tax bill for the current year is $1,475, which will be paid in arrears by
Paladinen [302]

Answer:

$1,291

Explanation:

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Per day allocation = $1,475 ÷ 360 days = 4.0972

Now the days of the seller is counted from January to October month i.e

= 10 months × 30 days

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And, add the 15 days of November, so the total number of  days is 315 days

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7 0
2 years ago
A corporation issues $92,000, 8%, 5-year bonds on January 1, for $96,140. Interest is paid semiannually on January 1 and July 1.
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Answer:

$3,266

Explanation:

First we must calculate the total amount received as bond premium:

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This should be amortized over 10 periods (= 5 years x 2 semiannual payments), so we must amortize $414 per period.

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