subject
Business, 21.02.2020 20:40 angelcjsdfv7139

Diana Mark is the president of ServicePro, Inc., a company that provides temporary employees for not-for-profit companies. ServicePro has been operating for five years; its revenues are increasing with each passing year. You have been hired to help Diana in analyzing the following transactions for the first two weeks of April:April 2 Purchased office supplies for $500 on account. April 5 Billed the local United Way office $3,000 for temporary services provided. April 8 Paid $250 for supplies purchased and recorded on account last period. April 8 Placed an advertisement in the local paper for $400 cash. April 9 Purchased new equipment for the office costing $2,300 cash. April 10 Paid employee wages of $1,200, which were incurred in April. April 11 Received $1,000 on account from the local United Way office billed on April 5.April 12 Purchased land as the site of a future office for $10,000. The land value was appraised as $11,000. Paid $2,000 down and signed a long-term note payable for the balance. April 13 Issued 2,000 additional shares of common stock for $40 per share in anticipation of building a new office. April 14 Billed Family & Children's Services $2,000 for services rendered this month. April 15 Received the April utilities bill for $300 to be paid next month. For each of the transactions, prepare journal entries. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)1.) Record the purchase of office supplies for $500 on account.2). Record the entry for billing the local United Way office $3,000 for temporary services provided. 3). Record the payment of $250 for supplies purchased and recorded on account last period.4). Record the entry for placing an advertisement in the local paper for $400 cash.5). Record the purchase of new equipment for the office costing $2,300 cash.6). Record the payment of employee wages of $1,200, which were incurred in April.7). Record the receipt of $1,000 on account from the local United Way office billed on April 5.8). Record the entry for purchase of land as the site of a future office for $10,000. The land value was appraised as $11,000. Paid $2,000 down and signed a long-term note payable for the balance.9). Record the issuance of 2,000 additional shares of stock for $40 per share in anticipation of building a new office.10). Record the entry for billing Family & Children’s Services $2,000 for services rendered this month.11). Record the receipt of the April utilities bill for $300 to be paid next month.

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 19:20
Anderson, a computer engineer, and spouse, who is unemployed, provide more than half of the support for their child, age 23, who is a full-time student and who earns $7,000. they also provide more than half of the support for their older child, age 33, who earns $2,000 during the year. how many dependents may the andersons claim on their joint tax return?
Answers: 3
question
Business, 21.06.2019 20:30
Which of the following government agencies is responsible for managing the money supply in the united states? a. the u.s. mint b. the federal reserve bank c. congress d. the department of the treasury 2b2t
Answers: 3
question
Business, 21.06.2019 21:00
The table shows the demand and supply schedules for magazines. complete the following sentences. the equilibrium price of a magazine is $ 4 and the equilibrium quantity is 150 magazines a week. price (dollars per magazine) quantity demanded quantity supplied (magazines per week) 3.00 160 138 3.50 155 144 4.00 150 150 4.50 145 156 5.00 140 161 now a fall in the price of a newspaper decreases the quantity demanded by 11 magazines a week at each price. at the original equilibrium price, a occurs. to return to equilibrium, the price of a magazine a. surplus; rises b. shortage; rises c. shortage; falls d. surplus; falls as the market returns to equilibrium, the quantity demanded and the quantity supplied a. decreases; increases b. decreases; decreases c. increases; decreases d. increases; increases the new equilibrium price is $ nothing a magazine.
Answers: 1
question
Business, 21.06.2019 22:20
Suppose a ceiling fan manufacturer has the total cost function c(x) = 48x + 1485 and the total revenue function r(x) = 75x. (a) what is the equation of the profit function p(x) for this commodity? p(x) = (b) what is the profit on 35 units? p(35) = interpret your result. the total costs are less than the revenue. the total costs are more than the revenue. the total costs are exactly the same as the revenue. (c) how many fans must be sold to avoid losing money? fans
Answers: 1
You know the right answer?
Diana Mark is the president of ServicePro, Inc., a company that provides temporary employees for not...
Questions
question
Physics, 15.06.2020 09:57
question
Mathematics, 15.06.2020 09:57
question
Computers and Technology, 15.06.2020 09:57
Questions on the website: 13722367