Ken Young and Kim Sherwood organized Reader Direct as a corporation; each contributed $50,225 cash to start the business and received 4,100 shares. The store completed its first year of operations on December 31, 2017. On that date, the following financial items for the year were determined: cash on hand and in the bank, $48,050; amounts due from customers from sales of books, $27,550; property and equipment, $50,250; amounts owed to publishers for books purchased, $8,300; one-year note payable to a local bank for $3,300. No dividends were declared or paid to the shareholders during the year.
Ken Young and Kim Sherwood organized Reader Direct as a corporation; each contributed $50,225 cash to start the business and received 4,100 shares. The store completed its first year of operations on December 31, 2017. On that date, the following financial items for the year were determined: cash on hand and in the bank, $48,050; amounts due from customers from sales of books, $27,550; property and equipment, $50,250; amounts owed to publishers for books purchased, $8,300; one-year note payable to a local bank for $3,300. No dividends were declared or paid to the shareholders during the year.

Ryan terlecki organized a new internet company, capuniverse, inc. the company specializes in baseball-type caps with logos printed on them. ryan, who is never without a cap, believes that his target market is college and high school students. you have been hired to record the transactions occurring in the first two weeks of operations. issued 2,900 shares of $0.01 par value common stock to investors for cash at $29 per share. borrowed $68,000 from the bank to provide additional funding to begin operations; the note is due in two years. paid $1,000 for the current month's rent of a warehouse and another $1,000 for next month's rent. paid $1,440 for a one-year fire insurance policy on the warehouse (recorded as a prepaid expense). purchased furniture and fixtures for the warehouse for $16,000, paying $3,200 cash and the rest on account. the amount is due within 30 days. purchased for $2,800 cash the university of pennsylvania, notre dame, the university of texas at austin, and michigan state university baseball caps as inventory to sell online. placed advertisements on google for a total of $340 cash. sold caps totaling $1,900, half of which was charged on account. the cost of the caps sold was $1,100. (hint: make two entries.) made full payment for the furniture and fixtures purchased on account in (e). received $280 from a customer on account.

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You were able to purchase two tickets to an upcoming concert for $100 apiece when the concert was first announced three months ago. recently, you saw that stubhub was listing similar seats for $225 apiece. what does it cost you to attend the concert?