On june 30, collins management company purchased land for $460,000 and a building for $520,000, paying $360,000 cash and issuing a 4% note for the balance, secured by a mortgage on the property. the terms of the note provide for 20 semiannual payments of $31,000 on the principal plus the interest accrued from the date of the preceding payment. journalize the entry to record

(a) the transaction on june 30,
(b) the payment of the first installment on december 31, and
(c) the payment of the second installment the following june 30. assume a 360-day year. refer to the chart of accounts for exact wording of account titles.

Which is not an example of a cyclical company? a) airlines b) hotel industry c) medical d) theme parks

Prepare journal entries for each transaction and identify the financial statement impact of each entry. the financial statements are automatically generated based on the journal entries recorded. apr. 1 tanner invested $80,000 cash along with office equipment valued at $26,000 in the company in exchange for common stock.apr. 2 the company prepaid $9,000 cash for 12 months' rent for office space. the company's policy is record prepaid expenses in balance sheet accounts.apr. 3 the company made credit purchases for $8,000 in office equipment and $3,600 in office supplies. payment is due within 10 days.apr. 6 the company completed services for a client and immediately received $4,000 cash.apr. 9 the company completed a $6,000 project for a client, who must pay within 30 days.apr. 13 the company paid $11,600 cash to settle the account payable created on april 3.apr. 19 the company paid $2,400 cash for the premium on a 12-month insurance policy. the company's policy is record prepaid expenses in balance sheet accounts.apr. 22 the company received $4,400 cash as partial payment for the work completed on april 9.apr. 25 the company completed work for another client for $2,890 on credit.apr. 28 the company paid $5,500 cash in dividends.apr. 29 the company purchased $600 of additional office supplies on credit.apr. 30 the company paid $435 cash for this month's utility bill.

Almost 80% of business owners are clueless about the competition, resulting in a) lost market share and customers. b) needless lawsuits. c) uninspired products. d) lack of perseverance