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Flura [38]
3 years ago
9

Grouper Architects incorporated as licensed architects on April 1, 2022. During the first month of the operation of the business

, these events and transactions occurred:
Apr. 1 Stockholders invested $22,410 cash in exchange for common stock of the corporation.
1 Hired a secretary-receptionist at a salary of $467 per week, payable monthly.
2 Paid office rent for the month $1,120.
3 Purchased architectural supplies on account from Burmingham Company $1,618.
10 Completed blueprints on a carport and billed client $2,365 for services.
11 Received $871 cash advance from M. Jason to design a new home.
20 Received $3,486 cash for services completed and delivered to S. Melvin.
30 Paid secretary-receptionist for the month $1,868.
30 Paid $373 to Burmingham Company for accounts payable due.
Journalize the transactions. (If no entry is required, select "No entry" for the account titles and enter Ofor the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)
Business
1 answer:
gladu [14]3 years ago
5 0

Answer:

April 1.

Cash $22,410 (debit)

Common Stock $22,410 (credit)

April 1.

Salaries Expense $1,868 (debit)

Salaries Payable $1,868 (credit)

April 2.

Rent Expense $1,120 (debit)

Cash $1,120 (credit)

April 3.

Supplies $1,618 (debit)

Account Payable :  Burmingham Company $1,618 (credit)

April 10.

Accounts Receivables $2,365 (debit)

Service Revenue $2,365 (credit)

April 11.

Cash $871 (debit)

Unearned Revenue $871 (credit)

April 20.

Cash $3,486 (debit)

Service Revenue $3,486 (credit)

April 30.

Salaries Payable $1,868 (debit)

Cash $1,868 (credit)

April 1.

Account Payable :  Burmingham Company $1,618 (debit)

Cash $1,618 (credit)

Explanation:

Note the following :

1.Revenue received but not earned is recorded in a liability account known as Unearned Revenue.This account will subsequently be de-recognized as the revenue is earned.

2. When the Suppliers are paid amounts owing to them, de-recognize the Accounts Payable Account of those suppliers and also de-recognize the Cash Assets.

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sarah Jones wants to deposit $2,000 per year into an account earning 4 percent for the next 3 years, so she can purchase a used
andre [41]

Answer:

Compounding formula would be used here which is as under:

Future Value = Present value * (1+r)^n

FV = (PV is $2000) *  ( 1 + 4%)^ 3 number of years

Remember that r is the return that is 4% that Sarah Jones will receive.

So

FV = $2250

So this is the amount that she will receive after three years. I would recommend her to invest in ordinary shares (take higher risk for higher return) so that she is able to buy a better car.

5 0
3 years ago
Your immediate supervisor is a nice person. He helps you solve your problems and gives valuable advice. You admire your supervis
ryzh [129]

Answer:

(E)

Explanation:

Referent power is effective in any form of business activity. It is something which inspires the employees and to see their managers as a role model. In the above example, my supervisor has referent power over me because I consider him my role model. Some supervisors have certain interpersonal skills which help them to become a role model and a good manager.

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3 years ago
Calico Corporation produced 2 comma 500 units in Job 903. The following data is provided for Job 903 for the​ year: Direct mater
geniusboy [140]

Answer:

The total cost of Job​ 903 is $5,073.20

Explanation:

The computation of the total cost is shown below:

= Direct material used + Direct labor cost + overhead cost  (Predetermined manufacturing overhead rate per direct labor hour ×  Direct labor hours used in Job 903)

= $3,200 + $1,092 + ($18.60 × 42 labor hours)

= $3,200 + $1,092 + $781.20

= $5,073.20

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The beliefs and values you were raised with are part of your ____________.
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I am guessing culture, because your culture is your tradition and religion which are your beliefs and values.
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The best way to select a career is to research which one makes the most money. Please select the best answer from the choices pr
IgorC [24]

Answer:

FALSE

Explanation:

below are some important tips or guidelines that you should follow to choose the right career and be happy for the rest of your life.

<u><em>Know Your Strengths </em></u>

Every one of us has some strengths – and some weaknesses. The point is to find out what you are really good at. Are you good at telling stories? Do you find it easy to coach other writers? Do you love teaching students? There must be something that you feel passionate about and are good at doing. You need to find out what those skills and strengths are.

Create a list of skills that you have, and then pick the strongest skills from that list. Consult your friends or family for an outer perspective. If you play by your strengths, you’ll enjoy a great professional life.

<u><em>Discover Your Personality Type </em></u>

You might have heard about Myers-Briggs. It’s an introspective self-report questionnaire which helps you find out what type of personality you have. Different persons have different types of personalities; someone could be an introvert and someone else could be an extrovert. By knowing your personality type, you’ll be able to find out what type of work environment will suit you best.

<u><em>Take a Career Test </em></u>

If you are confused deciding which career is right for you, you can also go for a career test. Typically, a career test presents you with a set of questions which you need to answer in the given time-frame. A career test is aimed at assessing your skills and strengths and then suggest a career that is a good match. Once you have finished answering all the questions, you’ll be provided with 2-3 career options that suit you best and promise a satisfying life.

On the internet, you’ll find a number of career tests that you can complete within a few minutes. Many of them are free.

<u><em>Seek Advice from Others </em></u>

No matter where you live, you’ll always have people who are already employed, expert in a particular field or have more professional experience. Feel free to get in touch with these people and talk about your aspirations. Gather information about different occupations and industries. Ask them for advice that you can use for choosing a career that’s best for you.

<u><em>Work as an Intern </em></u>

Internships provide you with an excellent opportunity to lay the foundation of your career. The experience of actually working in the real world is something that you should never ignore. Working as an intern helps you find out how being in a particular job feels like, whether the work environment is up to your taste and how you get along with people in the workplace.

Internships are also highly recommended for building connections with professionals and gaining work experience that can add extra weight to a resume. An internship can be either paid or unpaid.

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3 years ago
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