Selected transactions for Martinez, an interior decorator corporation, in its first month of business, are as follows. 1. Issued stock to investors for $13,300 in cash.
2. Purchased used car for $10,100 cash for use in business.
3. Purchased supplies on account for $280.
4. Billed customers $3,930 for services performed.
5. Paid $150 cash for advertising at the start of the business.
6. Received $1,610 cash from customers billed in transaction (4).
7. Paid creditor $310 cash on account.
8. Paid dividends of $550 cash to stockholders.

Required:
For each transaction indicate the basic type of account debited and credited (asset, liability, stockholders' equity).

Budget in this final week, you will develop a proposed budget of $150,000 for the first year of the program and complete the final concept paper for the proposed program due for senior management review. the budget should identify the program's anticipated expenses for the year ahead. budget line items should be consistent with the proposed program and staffing plan. using the readings for the week, the south university online library, and the internet, complete the following tasks: create a proposed budget of $150,000 for the first year of the proposed program including the cost for personnel, supplies, education materials, marketing costs, and so on in a microsoft excel spreadsheet. you may transfer your budget to your report. justify the cost for each item of the proposed budget in a budget narrative.

Which of the following is true concerning the 5/5 lapse rule? a) the 5/5 lapse rule deems that a taxable gift has been made where a power to withdraw in excess of $5,000 or five percent of the trust assets is lapsed by the powerholder. b) the 5/5 lapse rule only comes into play with a single beneficiary trust. c) amounts that lapse under the 5/5 lapse rule qualify for the annual exclusion. d) gifts over the 5/5 lapse rule do not have to be disclosed on a gift tax return.

The year-end financial statements of calloway company contained the following elements and corresponding amounts: assets = $34,000; liabilities = ? ; common stock = $6,400; revenue = $13,800; dividends = $1,450; beginning retained earnings = $4,450; ending retained earnings = $8,400. based on this information, the amount of expenses on calloway's income statement was