subject
Business, 26.06.2019 16:10 lameyah

Marjorie knaus, an architect, organized knaus architects on january 1, 2018. during the month, knaus architects completed the following transactions: a. issued common stock to marjorie knaus in exchange for $30,000. b. paid january rent for office and workroom, $2,500. c. purchased used automobile for $28,500, paying $6,000 cash and giving a note payable for the remainder. d. purchased office and computer equipment on account, $8,000. e. paid cash for supplies, $2,100. f. paid cash for annual insurance policies, $3,600. g. received cash from client for plans delivered, $9,000. h. paid cash for miscellaneous expenses, $2,600. i. paid cash to creditors on account, $4,000. j. paid installment due on note payable, $1,875. k. received invoice for blueprint service, due in february, $5,500. l. recorded fees earned on plans delivered, payment to be received in february, $31,400. m. paid salary of assistants, $6,000. n. paid gas, oil, and repairs on automobile for january, $1,300. required: 1. record these transactions directly in the following t accounts, without journalizing: cash; accounts receivable; supplies; prepaid insurance; automobiles; equipment; notes payable; accounts payable; common stock; professional fees; salary expense; blueprint expense; rent expense; automobile expense; miscellaneous expense. to the left of the amount entered in the accounts, select the appropriate letter to identify the transaction.

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 07:50
Connors academy reported inventory in the 2017 year-end balance sheet, using the fifo method, as $154,000. in 2018, the company decided to change its inventory method to lifo. if the company had used the lifo method in 2017, the company estimates that ending inventory would have been in the range $130,000-$135,000. what adjustment would connors make for this change in inventory method?
Answers: 1
question
Business, 22.06.2019 14:00
Why is efficiency an important economic goal?
Answers: 2
question
Business, 22.06.2019 19:00
Andy purchases only two goods, apples (a) and kumquats (k). he has an income of $125 and can buy apples at $5 per pound and kumquats at $5 per pound. his utility function is u(a, k) = 6a + 2k. what is his marginal utility for apples and his marginal utility for kumquats? andy's marginal utility for apples (mu subscript a) is mu subscript aequals 6 and his marginal utility for kumquats (mu subscript k) is
Answers: 2
question
Business, 22.06.2019 21:50
Varto company has 9,400 units of its sole product in inventory that it produced last year at a cost of $23 each. this year’s model is superior to last year’s, and the 9,400 units cannot be sold at last year’s regular selling price of $42 each. varto has two alternatives for these items: (1) they can be sold to a wholesaler for $8 each, or (2) they can be reworked at a cost of $251,100 and then sold for $34 each. prepare an analysis to determine whether varto should sell the products as is or rework them and then sell them.
Answers: 2
You know the right answer?
Marjorie knaus, an architect, organized knaus architects on january 1, 2018. during the month, knaus...
Questions
Questions on the website: 13722361