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a. The company completed consulting work for a client and immediately collected $6.500 cash
b. The company completed commission work for a client and sent a bill for $5.000 to be received within 30 days
c. The company paid an assistant $1.900 cash as wages for the period
d. The company collected $2.500 cash as a partial payment for the amount owed by the client in transaction
e. The company paid $900 cash for this period's cleaning services
oped
Required:
Enter the impact of each transaction on individual items of the accounting equation (Enter decreases to account balances with a
minus sign.)
-
Transactions Number
Equity
Liabilities
Accounts
Payable
Common
Stock
Dividends
Revenue
Expenses
a
Assets
Accounts
Cash
Receivable
S 6 500 $
$ 5.000
5.600
5.000
Balance after aandb
-
Balance after
6.500
5.000
-
Balance after o
6.500
5 000
Balancoforo
6500
5.000

Eager, a tipped employee, reported to his employer that he had received $320 in tips during march. on the next payday, april 4, he was paid his regular salary of $250. the amount of oasdi taxes to withhold from eager’s pay is a. $19.84 b. $15.50 c. $35.34 d. $43.61 e. none of the above. 2 points

Suppose you win a small lottery and have the choice of two ways to be paid: you can accept the money in a lump sum or in a series of payments over time. if you pick the lump sum, you get $2,950 today. if you pick payments over time, you get three payments: $1,000 today, $1,000 1 year from today, and $1,000 2 years from today. 1) at an interest rate of 6% per year, the winner would be better off accepting the (lump sum / payments over time), since it has the greater present value. 2) at an interest rate of 9% per year, the winner would be better off accepting the (lump sum / payments over time), since it has the greater present value. 3) years after you win the lottery, a friend in another country calls to ask your advice. by wild coincidence, she has just won another lottery with the same payout schemes. she must make a quick decision about whether to collect her money under the lump sum or the payments over time. what is the best advice to give your friend? a) the lump sum is always better. b) the payments over time are always better. c) it will depend on the interest rate; advise her to get a calculator. d) none of these answers is good advice.

Pear co.’s income statement for the year ended december 31, as prepared by pear’s controller, reported income before taxes of $125,000. the auditor questioned the following amounts that had been included in income before taxes: equity in earnings of cinn co. $ 40,000 dividends received from cinn 8,000 adjustments to profits of prior years for arithmetical errors in depreciation (35,000) pear owns 40% of cinn’s common stock, and no acquisition differentials are relevant. pear’s december 31 income statement should report income before taxes of