Arnez company's annual accounting period ends on december 31,2017. the following information concerns the adjusting entries to be recorded as of that date. a. the office supplies account started the year with a $4,000 balance. during 2017, the company purchased supplies for $13,400 which was added to the office supplies account. the inventory of supplies available at december 31, 2017, totaled $2,554. b. an analysis of the company's insurance policies provided the following facts. months of policy date of purchase coverage cost april 1, 2015 april 1, 2016 august 1, 2017 24 36 12 $14,400 12,960 2,400 the total premium for each policy was paid in full for all months) at the purchase date, and the prepaid insurance account was debited for the full cost. (year-end adjusting entries for prepaid insurance were properly recorded in all prior years) in the five-day workweek ending on the previous friday. assume that december 31, 2017, is a tuesday, and all 15 employees worked the first two days of that week. because new year's day is a paid holiday, they will be paid salaries for five full days on c. the company has 15 employees, who earn a total of $1,960 in salaries each working day. they are paid each monday for their work monday, january 6, 2018. end of its predicted 30-year life. annual depreciation is $30,500. startina on november 1, 2017. the rent was paid on time on november 1, and the amount received was credited to the rent earned d. the company purchased a building on january 1, 2017. it cost $960,000 and is expected to have a $45,000 salvage value at the e. since the company is not large enough to occupy the entire building it owns, it rented space to a tenant at $3,000 per month

Who is not spending wisely? erika goes shopping and saves her receipts. she totals how much she spent and writes it down. mia needs to buy a new pair of shoes because she joined the soccer team. she looks at newspaper ads to find the best price. lauren has been thinking about getting a puppy for a long time. she walks by the pet store at the mall and decides to get a puppy. erin makes a purchase online using a credit card. she knows that she can pay the entire bill when it arrives.

Rediger inc., a manufacturing corporation, has provided the following data for the month of june. the balance in the work in process inventory account was $28,000 at the beginning of the month and $20,000 at the end of the month. during the month, the corporation incurred direct materials cost of $56,200 and direct labor cost of $29,800. the actual manufacturing overhead cost incurred was $53,600. the manufacturing overhead cost applied to work in process was $52,200. the cost of goods manufactured for june was:

Selected information about income statement accounts for the reed company is presented below (the company's fiscal year ends on december 31): 2018 2017sales $ 4,400,000 $ 3,500,000cost of goods sold 2,860,000 2,000,000administrative expenses 800,000 675,000selling expenses 360,000 312,000interest revenue 150,000 140,000interest expense 200,000 200,000loss on sale of assets of discontinued component 50,000 —on july 1, 2018, the company adopted a plan to discontinue a division that qualifies as a component of an entity as defined by gaap. the assets of the component were sold on september 30, 2018, for $50,000 less than their book value. results of operations for the component (included in the above account balances) were as follows: 1/1/18-9/30/18 2017 sales $ 400,000 $ 500,000 cost of goods sold (290,000 ) (320,000 )administrative expenses (50,000 ) (40,000 )selling expenses (20,000 ) (30,000 )operating income before taxes $ 40,000 $ 110,000 in addition to the account balances above, several events occurred during 2018 that have not yet been reflected in the above accounts: a fire caused $50,000 in uninsured damages to the main office building. the fire was considered to be an infrequent but not unusual event.inventory that had cost $40,000 had become obsolete because a competitor introduced a better product. the inventory was sold as scrap for $5,000.income taxes have not yet been recorded.required: prepare a multiple-step income statement for the reed company for 2018, showing 2017 information in comparative format, including income taxes computed at 40% and eps disclosures assuming 300,000 shares of common stock. (amounts to be deducted should be indicated with a minus sign. round eps answers to 2 decimal places.)