The following T accounts show transactions that were recorded by Residential Re-locators, a firm that specializes in local housing rentals. The entries for the first transaction are labeled with the letter (a), the entries for the second transaction with the letter (b), and so on. Cash Equipment Account Receivable
(a) 95,000 (d) 15,000 (g) 1,500 (b) 23,000 (e) 350 (h) 5,500 (i) 2,500 (c)40,000 (f) 5,000 (g) 1,500
Accounts Payable Supplies Wade Wilson, Capital
(c) 40,000 (b) 23,000 (a) 95,000
Fees Income Telephone Expense Wade Wilson, Drawing
(d) 15,000 (f) 5,000 (e)350 (i) 2,500
Salaries Expense
(h)5,500

Determine the balance account.
Balance
Cash
Accounts Receivable
Supplies
Equipment
Account Payable
Wade Wilson, Capital
Wade Wilson, Drawing
Fees Income
Telephone Expense
Salaries Expense

How should the environmental effects be dealt with when evaluating this project? the environmental effects should be ignored since the plant is legal without mitigation. the environmental effects should be treated as a sunk cost and therefore ignored. if the utility mitigates for the environmental effects, the project is not acceptable. however, before the company chooses to do the project without mitigation, it needs to make sure that any costs of "ill will" for not mitigating for the environmental effects have been considered in the original analysis. the environmental effects should be treated as a remote possibility and should only be considered at the time in which they actually occur. the environmental effects if not mitigated would result in additional cash flows. therefore, since the plant is legal without mitigation, there are no benefits to performing a "no mitigation" analysis.