The adjusted trial balance for chiara company as of december 31 follows. debit credit cash $ 77,800 accounts receivable 55,000 interest receivable 19,000 notes receivable (due in 90 days) 173,000 office supplies 16,000 automobiles 174,000 accumulated depreciation—automobiles $ 85,000 equipment 140,000 accumulated depreciation—equipment 16,000 land 78,000 accounts payable 103,000 interest payable 35,000 salaries payable 19,000 unearned fees 36,000 long-term notes payable 142,000 common stock 27,580 retained earnings 248,220 dividends 51,000 fees earned 474,000 interest earned 30,000 depreciation expense—automobiles 25,500 depreciation expense—equipment 20,000 salaries expense 184,000 wages expense 41,000 interest expense 35,000 office supplies expense 34,200 advertising expense 61,500 repairs expense—automobiles 30,800 totals $ 1,215,800 $ 1,215,800

Sarah needs to complete financial aid packets. during which school year would she do this? sophomore freshman senior junior

conquest, inc. produces a special kind of light-weight, recreational vehicle that has a unique design. it allows the company to follow a cost-plus pricing strategy. it has $9,000,000 of average assets, and the desired profit is a 10% return on assets. assume all products produced are sold. additional data are as follows: sales volume 1000 units per year; variable costs $1000 per unit; fixed costs $4,000,000 per year; using the cost-plus pricing approach, what should be the sales price per unit?

Fred smithers, a recent college graduate decided to open his own portable juice bar, smithers smoothies, to wheel around newport beach. you, a trusted friend of fred, are a business major that has also recently graduated and agreed to handle the books for a while to get some practical experience and have a favor that you can ask of fred in the future. given the following five transactions concerning the new venture, prepare the necessary journal entries for the transactions, post the journal entries to appropriate t accounts and prepare a trial balance as of the end of the month in order to answer to the necessary may 2: fred invests $12,000 of his own money to start the new company. this money was obtained from a part-time job working at a legal firm while he was in school. may 3: fred spent $5,100 cash to purchase a refrigerated trailer that he can pull behind his car and set up at the beach. under your advice, fred agrees to place the new asset under an account called "equipment." may 6: fred bought $640 of supplies on account from the flav-o-rite confectioners company. because they will last longer than a single accounting period fred agrees to record them as, "supplies" as per your suggestion. may 13: fred sat on the beach for six hours without a single sale and was feeling very down. right before he left, however, a plumber escorting his family reunion along the beach stopped by his stand and bought $800 worth of smoothies for the entire family. under your advice, fred agrees to call this cash revenue, "sales." may 15: excited about his new venture, fred withdraws $350 from the company to take his girlfriend out to dinner. what would be the balance in the cash account at the end of the period following the posting of all the transactions?