subject
Business, 03.06.2021 20:50 mommy562

Hart Attorney at Law experienced the follwoing transactions in 2016, the first year of operations: Accepted $19,800 on April 1, Year 1, as a retainer for services to be performed evenly over the next 12 months. Performed legal services for cash of $68,500. Purchased $1,050 of office supplies on account. Paid $945 of the amount due on accounts payable. Paid a cash dividend to the stockholders of $4,600. Paid cash for operating expenses of $20,700. Determined that at the end of the accounting period $150 of office supplies remained on hand. On December 31, Year 1, recognized the revenue that had been earned for services performed in accordance with Transaction 1.
Problem: Show the effects of the events on the fianncial statements using a horizontal statement model. In the cash flow column, use the initials OA to designate 'operating activity'; IA for 'investing activity'; FA for 'financial activity'; and NC for 'net change in cash'. Use NA to indicate accounts not affected by the event. Event #CashSupplesAccts. PayUnearn. Rev. Ret. Earn. RevExpNet Inc. Cash Flow1$36,000NANA$36,000NA$36,000NAN A$36,000OA2

ansver
Answers: 3

Other questions on the subject: Business

image
Business, 21.06.2019 22:50, carolineepoolee84
The winston company estimates that the factory overhead for the following year will be $1,250,000. the company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 50,000 hours. the total machine hours for the year were 54,300. the actual factory overhead for the year were $1,375,000. determine the over- or underapplied amount for the year.
Answers: 1
image
Business, 22.06.2019 03:30, 3steves
Diversified semiconductors sells perishable electronic components. some must be shipped and stored in reusable protective containers. customers pay a deposit for each container received. the deposit is equal to the container’s cost. they receive a refund when the container is returned. during 2018, deposits collected on containers shipped were $856,000. deposits are forfeited if containers are not returned within 18 months. containers held by customers at january 1, 2018, represented deposits of $587,000. in 2018, $811,000 was refunded and deposits forfeited were $41,000. required: 1. prepare the appropriate journal entries for the deposits received and returned during 2018. 2. determine the liability for refundable deposits to be reported on the december 31, 2018, balance sheet.
Answers: 1
image
Business, 22.06.2019 18:30, greg9207
You should typically prepare at least questions for the people who will host you during a job shadow. a. 3 b. 4 c. 5 d. 2
Answers: 1
image
Business, 22.06.2019 19:10, keenansimpkinsoy0oqc
Imagine us is a startup that offers high definition 3d prenatal ultrasounds for high-end customers. the service process includes four activities that are conducted in the sequence described below. (the time required for each activity is shown in parentheses): activity 1: welcome a patient and explain the procedure. (20 minutes)activity 2: prep the patient (e. g., show them to the room, apply ultrasound gel). (17 minutes) (*your id number represents the amount of time needed to complete this task)activity 3: take images. (5 minutes)activity 4: discuss diagnostic with patient. (20 minutes)at each location there are employees (servers) s1, s2, and s3. the assignment of tasks to servers is the following: s1 does activities 1 and 2.s2 does activity 3.s3 does activity 4.a. what is the capacity of this process (in customers per hour)? b. suppose 3 patients arrive every hour on average. ignoring any “start of day” or “end of day” effects, what are the utilizations of all three servers (%)? c. suppose each activity can be done by any server and any server can do any set of activities. however, each activity is done by only one server. for example, a possible assignment includes: s1 does activity 1, s2 does activity 2, and s3 does activities 3 and 4. of course, the original assignment of servers to activities is also feasible. what is the maximum capacity of the process (in customers per hour)? d. now consider the capacity measures in (c) and (a), what is the percentage change? why can you improve capacity without using additional resources? (there is no free lunch, right? )note: for all hw assignments, show your process of getting the results. only providing the final answers is not acceptable and will get 0%. if necessary, use a separate sheet of paper to show your work.
Answers: 3
You know the right answer?
Hart Attorney at Law experienced the follwoing transactions in 2016, the first year of operations:...

Questions in other subjects:

Konu
Mathematics, 19.01.2021 14:00
Konu
Mathematics, 19.01.2021 14:00
Konu
Mathematics, 19.01.2021 14:00
Konu
Mathematics, 19.01.2021 14:00
Konu
Computers and Technology, 19.01.2021 14:00