Purchases Journal The following purchase transactions occurred during March for Rehoboth, Inc.:

Mar. 4 Purchased cleaning supplies for $77, on account from Health-Rite Supplies.
19 Purchased office equipment for $3,750, on account from Office Warehouse.
23 Purchased cleaning supplies for $224, on account from Rubble Supplies.

Required:
Record these transactions (in chronological order) in the following purchases journal. If an amount box does not require an entry, leave it blank.

Guardian inc. is trying to develop an asset-financing plan. the firm has $450,000 in temporary current assets and $350,000 in permanent current assets. guardian also has $550,000 in fixed assets. assume a tax rate of 40 percent. a. construct two alternative financing plans for guardian. one of the plans should be conservative, with 70 percent of assets financed by long-term sources, and the other should be aggressive, with only 56.25 percent of assets financed by long-term sources. the current interest rate is 12 percent on long-term funds and 7 percent on short-term financing. compute the annual interest payments under each plan.