The following facts apply to Eliot, an individual, in the current year: April 1 – Sold shares of stock, purchased on April 1 of the previous year, for a $2,000 gain May 15 – Sold equipment used in Eliot’s business, which had been purchased in July of the previous year, for a $2,000 gain. July 12 – Sold shares of stock, purchased in February of the previous year, for a $7,000 gain. November 3 – Sold equipment used in Eliot’s business, which had been purchased in January of the current year, for a $1,000 loss. December 9 – Sold shares of stock, purchased on February 22 of the current year, for a $3,000 loss. Considering only the above facts, what is Eliot’s net capital gain or loss for the current year?

Ds unlimited has the following transactions during august. august 6 purchases 58 handheld game devices on account from gamegirl, inc., for $140 each, terms 2/10, n/60. august 7 pays $340 to sure shipping for freight charges associated with the august 6 purchase. august 10 returns to gamegirl three game devices that were defective. august 14 pays the full amount due to gamegirl. august 23 sells 38 game devices purchased on august 6 for $160 each to customers on account. the total cost of the 38 game devices sold is $5,448.51. required: record the transactions of ds unlimited, assuming the company uses a perpetual inventory system. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. round your answers to 2 decimal places.)

Comprehensive illustrative problem: mira's store on february 1 20a4 mica delaman opened astore that sells school supplies her main customer are the students and teachers of happy students school that is situated in front of her store. mira wanted to know the financial position of mira's store. mira knew you were studying accounting. so she asked for . 1. to start her business mira's opened a checking account in the name of mira's store . the statement of account from the bank shows that the checking account has a balance of 31,535 of december 31,20a4

Scenario: you have advised the owner of bond's gym that the best thing to do would be to raise the price of a monthly membership. the owner wants to know what may happen once this price increase goes into effect. what will most likely occur after the price of a monthly membership increases? check all that apply. current members will pay more per month. the quantity demanded for memberships will decrease. the number of available memberships will increase. the owner will make more money. bond's gym will receive more membership applications.