Exercise 3-17A Recording transactions in the general journal and T-accounts LO 3-1, 3-2 The following events apply to Montgomery Company for Year 1, its first year of operation: Received cash of $33,000 from the issue of common stock. Performed $52,000 of services on account. Incurred $7,300 of other operating expenses on account. Paid $25,000 cash for salaries expense. Collected $36,500 of accounts receivable. Paid a $3,400 dividend to the stockholders. Performed $9,900 of services for cash. Paid $5,900 of the accounts payable.(a) Record the preceding transactions in general journal form. (b) Post the entries to T-accounts and determine the ending balance in each account. (c) Determine the amount of total assets at the end of Year 1, and the amount of net income for Year 1

the assumption the narrator makes in this excerpt is that the messages he heards were going to hurt the narrator's mom; the narrator just springs in to action. the narrator doesn't specify in this excerpt why he believes that the messages present a problem that requires protection.

since the options are not listed, when you are working on your budget you should also add water, tv, internet, miscellaneous and your 'fun' money for in your budget. when budgeting, you need to allow for fun money, and mis/accidental money so that you stick to the budget and not go crazy because you feel strapped to the budget.

the answer is "b.the increased supply will create a surplus. "

the essential thought behind price controls is straightforward - utilize the power of law to modify the equilibrium of a market. for instance, the legislature may choose that the steel business needs to survive, and in this way pass a law to set a value floor on steel. this implies all steel sold must offer at or over the floor value, which must be set over the equilibrium cost for it to have any impact. the switch could likewise happen - the administration can choose that steel is excessively costly and set a value roof underneath its equilibrium value, with the goal that all steel must be sold at or beneath that ceiling.