Rainey enterprises loaned $20,000 to small co. on june 1, 2018, for one year at 6 percent interest. required show the effects of the following transactions in a horizontal statements. in the cash flow column, indicate whether the item is an operating activity (oa), an investing activity (ia), or a financing activity (fa). for any element not affected by the event, leave the cell blank. (not every cell will require entry. do not round intermediate calculations. enter any decreases to account balances and cash outflows with a minus sign.) (1) the loan to small co. (2) the adjusting entry at december 31, 2018. (3) the adjusting entry and collection of the note on june 1, 2019.

Tiana daniels enterprise’s trial balance as at december 31, 2016 did not balance. on february 15, 2017 the following errors were detected: errorsi. water rates had been undercast by $2, 000.  ii. a cheque paid to yvonne walch of $2, 680 had been posted to the credit side of her account.  iii. discount received total of $1, 260 had been posted to the debit side of the discount allowed account as $1, 620.  iv. rent paid in the amount of $24, 000 had been posted to the credit of the rent received account.  v. wayne returned goods valuing $1, 680 to daniels enterprise but had been completely omitted from the books.    required: 1. prepare the journal entries to correct the errors.  (narrations required)                    14.5 marks  2.    prepare the suspense account showing clearly the original trial balance error.          8 marks

Croy inc. has the following projected sales for the next five months: month sales in units april 3,850 may 3,875 june 4,260 july 4,135 august 3,590 croy’s finished goods inventory policy is to have 60 percent of the next month’s sales on hand at the end of each month. direct material costs $2.50 per pound, and each unit requires 2 pounds. raw materials inventory policy is to have 50 percent of the next month’s production needs on hand at the end of each month. raw materials on hand at march 31 totaled 3,741 pounds. 1. determine budgeted production for april, may, and june. 2. determine the budgeted cost of materials purchased for april, may, and june. (round your answers to 2 decimal places.)

Transferable skills necessary for successful employment include a. basic skills b. thinking skills c. personal qualities d. all of the above select the best answer from the choices provided