subject
Business, 22.09.2020 08:01 uh8hardiek

Following are the transactions of Sustain Company. June 1 T. James, owner, invested $18,000 cash in Sustain Company in exchange for common stock.
2 The company purchased $11,000 of furniture made from reclaimed wood on credit.
3 The company paid $2,000 cash for a 12-month insurance policy on the reclaimed furniture.
4 The company billed a customer $10,000 in fees earned from preparing a sustainability report.
12 The company paid $11,000 cash toward the payable from the June 2 furniture purchase.
20 The company collected $10,000 cash for fees billed on June 4.
21 T. James invested an additional $17,000 cash in Sustain Company in exchange for common stock.
30 The company received $12,000 cash from a client for sustainability services for the next 3 months.

Required:
Prepare general journal entries for the above transactions.

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 05:50
Emily spent her summer vacation in buenos aires, argentina, where she got plastic surgery for a fraction of what it would cost in the united states. this is an example of:
Answers: 2
question
Business, 22.06.2019 08:00
Shrieves casting company is considering adding a new line to its product mix, and the capital budgeting analysis is being conducted by sidney johnson, a recently graduated mba. the production line would be set up in unused space in the main plant. the machinery’s invoice price would be approximately $200,000, another $10,000 in shipping charges would be required, and it would cost an additional $30,000 to install the equipment. the machinery has an economic life of 4 years, and shrieves has obtained a special tax ruling that places the equipment in the macrs 3-year class. the machinery is expected to have a salvage value of $25,000 after 4 years of use. the new line would generate incremental sales of 1,250 units per year for 4 years at an incremental cost of $100 per unit in the first year, excluding depreciation. each unit can be sold for $200 in the first year. the sales price and cost are both expected to increase by 3% per year due to inflation. further, to handle the new line, the firm’s net working capital would have to increase by an amount equal to 12% of sales revenues. the firm’s tax rate is 40%, and its overall weighted average cost of capital, which is the risk-adjusted cost of capital for an average project (r), is 10%. define “incremental cash flow.” (1) should you subtract interest expense or dividends when calculating project cash flow?
Answers: 1
question
Business, 22.06.2019 11:00
Acompany that adapts its product mix to meet the needs of a new market is using which of the following global marketing strategies market development diversification strategy product development undiversified
Answers: 3
question
Business, 22.06.2019 12:20
Alarge university wanted to study the relationship between completing an internship during college and students' future earning potential. prom the same graduating class, they selected a random sample of 80 students who completed an internship and 100 students who did not complete an internship and examined their salaries five years after graduation. they found that there was a statistically higher mean salary for the internship group than for the noninternship group. which of the following interpretations is the most appropriate? a. there could be a confounding variable, such as student major, that explains the difference in mean salary between the internship and no internship groups.b. we cannot infer anything from these data since the distribution of salaries is likely right skewed.c. you cannot draw any valid conclusions because the sample sizes are different.d. more students should complete internships because having an internship produces a higher salary.
Answers: 1
You know the right answer?
Following are the transactions of Sustain Company. June 1 T. James, owner, invested $18,000 cash in...
Questions
question
Mathematics, 06.09.2019 22:30
question
History, 06.09.2019 22:30
question
Biology, 06.09.2019 22:30
Questions on the website: 13722367