Prepare journal entries to record the the April transactions in the General Journal below. Remember that Debits must equal Credits—All of your Journal Entries should balance. April Transactions

April 1 - Started a landscaping business by making a $50,000 deposit in a company bank account, in exchange for 5,000 shares of $10 par value common stock.

April 1 - Purchased insurance for the year and paid $3,600 cash.

April 1 - Paid monthly rental of $2,500 cash on a warehouse to store the landscaping equipment.

April 3 - Purchased landscaping equipment from Toro for $15,000, paying a downpayment of $10,000 cash, and $5,000 on account.

April 5 - Purchased landscaping supplies of $750 on account.

April 5 - Paid $500 cash for advertising in local newspapers.

April 10 - Received $12,500 in cash for landscaping services provided.

April 12 - Paid $2,000 on account for landscaping equipment previously purchased on April 3rd.

April 15 -

What does the phrase limited liability mean in a corporate context?

Unrecorded depreciation on the trucks at the end of the year is $40,000. the total amount of accrued interest expense at year-end is $6,000. the cost of unused office supplies still available at year-end is $2,000. 1. use the above information about the company’s adjustments to complete a 10-column work sheet. 2a. prepare the year-end closing entries for dylan delivery company as of december 31, 2017. 2b. determine the capital amount to be reported on the december 31, 2017 balance sheet.

Suppose that hubert, an economist from an am talk radio program, and kate, an economist from a nonprofit organization on the west coast, are arguing over government bailouts. the following dialogue shows an excerpt from their debate: kate: to recent financial crises, the concept of bailouts is a hot topic for debate among everyone these days. hubert: indeed, it’s gotten crazy! a government bailout of severely distressed financial firms is unnecessary because free markets will properly price assets. kate: i don’t know about that. without a bailout of severely distressed financial firms, the economy will experience a deep recession. the disagreement between these economists is most likely due todifferences in scientific judgments . despite their differences, with which proposition are two economists chosen at random most likely to agree? business managers can raise profit more easily by reducing costs than by raising revenue. central banks should focus more on maintaining low unemployment than on maintaining low inflation. employers should not be restricted from outsourcing work to foreign nations