Plum corporation began the month of may with $1,100,000 of current assets, a current ratio of 2.00: 1, and an acid-test ratio of 1.60: 1. during the month, it completed the following transactions (the company uses a perpetual inventory system). may 2 purchased $65,000 of merchandise inventory on credit. 8 sold merchandise inventory that cost $65,000 for $145,000 cash. 10 collected $29,000 cash on an account receivable. 15 paid $30,000 cash to settle an account payable. 17 wrote off a $5,000 bad debt against the allowance for doubtful accounts account. 22 declared a $1 per share cash dividend on its 66,000 shares of outstanding common stock. 26 paid the dividend declared on may 22. 27 borrowed $105,000 cash by giving the bank a 30-day, 10% note. 28 borrowed $115,000 cash by signing a long-term secured note. 29 used the $220,000 cash proceeds from the notes to buy new machinery.

What is the purpose of taking a personality inventory assessment? a. to find out what personality traits you should acquire for a successful career b. to identify your personality traits and relate them to a suitable career c. to compare your personality traits with those of successful people in different careers d. to identify aspects of your personality that you can improve with the of a counselor

On january 1, 2018, red flash photography had the following balances: cash, $19,000; supplies, $8,700; land, $67,000; deferred revenue, $5,700; common stock $57,000; and retained earnings, $32,000. during 2018, the company had the following transactions: 1. february 15 issue additional shares of common stock, $27,000. 2. may 20 provide services to customers for cash, $42,000, and on account, $37,000. 3. august 31 pay salaries to employees for work in 2018, $30,000. 4. october 1 purchase rental space for one year, $19,000. 5. november 17 purchase supplies on account, $29,000. 6. december 30 pay dividends, $2,700. the following information is available on december 31, 2018: 1. employees are owed an additional $4,700 in salaries. 2. three months of the rental space has expired. 3. supplies of $5,700 remain on hand. 4. all of the services associated with the beginning deferred revenue have been performed. required: 1. record the transactions that occurred during the year.2. record the adjusting entries at the end of the year.3. prepare an adjusted trial balance.4. prepare an income statement, statement of stockholders’ equity, and classified balance sheet.5. prepare closing entries.

On january 1, 2018, jay company acquired all the outstanding ownership shares of zee company. in assessing zee's acquisition-date fair values, jay concluded that the carrying value of zee's long-term debt (8-year remaining life) was less than its fair value by $21,600. at december 31, 2018, zee company's accounts show interest expense of $14,440 and long-term debt of $380,000. what amounts of interest expense and long-term debt should appear on the december 31, 2018, consolidated financial statements of jay and its subsidiary zee? long-term debt $401,600 $398,900 $401,600 $398,900 interest expense $17,140 $17,140 $11,740 $11,740 a. b. c. d.