Business, 24.10.2020 01:00 syd141

Mailin Moon is a freelance writer who submits articles to various magazines and newspapers . She operates out of a small office where she employs one administrative assistant . The following activities occurred during March 2020 , her first month of business : a. Moon invested $2,500 worth of equipment into her business along with $ 3,000 cash . b. Submitted a series of articles to The Globe and Mail and received $6,500 cash. c. Purchased supplies on credit: $600. d. Paid the part-time administrative assistant's salary of $1,450. e. Moon ordered $3,000 of office equipment from the IKEA catalogue. It is scheduled to arrive in April or May. f. Paid the rent for the first month$. g. Submitted an article to Report on Business, will receive $4,500 next month. 1. Prepare an income statement . Mailin Moon- Freelance Writing Income Statement For Month Ended March 31, 2020

Answers: 3

Show answers

Other questions on the subject: Business

Business, 21.06.2019 22:20, abdulalghazouli

Amachine purchased three years ago for $720,000 has a current book value using straight-line depreciation of $400,000: its operating expenses are $60,000 per year. a replacement machine would cost $480,000, have a useful life of nine years, and would require $26,000 per year in operating expenses. it has an expected salvage value of $130,000 after nine years. the current disposal value of the old machine is $170,000: if it is kept 9 more years, its residual value would be $20,000. calculate the total costs in keeping the old machine and purchase a new machine. should the old machine be replaced?

Answers: 2

continue

Business, 22.06.2019 04:00, tomboyswagge2887

The simple interest in a loan of $200 at 10 percent interest per year is

Answers: 2

continue

Business, 22.06.2019 22:30, namdh6086

Using the smith's bbq report, the cost of wine for next week will increase by 2% from the current week. if all other cost of sales stays constant, what will be the approximate total cost of sales for next week?

Answers: 2

continue

Business, 23.06.2019 01:00, gabbytumey

As more people migrated west during the gold rush, what do you think happened to the demand curve in most western markets, holding all else constant? a. there was no shift, nor any increase or decrease in quantity demanded. b. there was no shift, but there was a decrease in quantity demanded. c. the demand curve shifted to the left. d. the demand curve shifted to the right. e. there was no shift, but there was an increase in quantity demanded.

Answers: 2

continue

You know the right answer?

Mailin Moon is a freelance writer who submits articles to various magazines and newspapers . She ope...