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hram777 [196]
3 years ago
7

On April 1, 2017, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the comp

any’s first month.
April 1 Nozomi invested $30,000 cash and computer equipment worth $20,000 in the company.
2 The company rented furnished office space by paying $1,800 cash for the first month's (April) rent.
3 The company purchased $1,000 of office supplies for cash.
10 The company paid $2,400 cash for the premium on a 12-month insurance policy. Coverage begins on April 11.
14 The company paid $1,600 cash for two weeks' salaries earned by employees.
24 The company collected $8,000 cash on commissions from airlines on tickets obtained for customers.
28 The company paid $1,600 cash for two weeks' salaries earned by employees.
29 The company paid $350 cash for minor repairs to the company's computer.
30 The company paid $750 cash for this month's telephone bill.
Required:
1. & 2. Prepare journal entries to record the transactions for April and post them to the ledger accounts in Requirement 6b. The company records prepaid and unearned items in balance sheet
accounts.
3. Using account balances from Requirement 6b, prepare an unadjusted trial balance as of April 30.
4. Journalize the adjusting entries for the month and prepare the adjusted trial balance.
5a. Prepare the income statement for the month of April 30, 2017.
5b. Prepare the statement of owner's equity for the month of April 30, 2017.
5c. Prepare the balance sheet at April 30, 2017.
6a. Prepare journal entries to close the temporary accounts and then post to Requirement 6b.
6b. Post the journal entries to the ledger.
7. Prepare a post-closing trial balance.
30 Nozomi withdrew $1,500 cash from the company for personal use.
Business
1 answer:
Radda [10]3 years ago
7 0

Answer:46795

Explanation:

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<u>We have to first calculate for </u><u>GDP.</u>

GDP stands for gross domestic produce. This is the total sum of goods and services that were made in a particular area at a particular time.

GDP = price * product

Bread = 9000*6 = 54000

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∑GDP = 54000 + 4500 + 20000

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Therefore if Panem does not produce anything else in 2020 GDP =  $78500

2. <u>We have to find the </u><u>GDP per capita</u>

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=\frac{78500}{200}

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<u>The GDP increased by</u> 14%

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\frac{89490}{212}

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Answer:

Margin of safety= 950 units

Explanation:

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Break-even point in units= fixed costs/ contribution margin per unit

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Answer:

<h2>Sentence-level Writing</h2>

a. Dangling Modifier:

 

1.

Dangling Modifier:  When beginning the meeting

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Dangling Modifier :  taking the train into Boston

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b. A clause which cannot make a complete sense or sentence is called a dependent clause.  It requires another clause to make a complete sense.  The clause that makes a complete a complete sentence and can stand alone without another clause is an independent clause.

c. A sentence that has grammatical structure which is balanced is said to have parallelism.  This can also be called parallel structure or construction.  This means that the items listed follow similar pattern that rhyme with one another.  Let us revise the sentence with the wrong parallel structure in this case so as to make it become a parallelism:  "The systems analyst found that we needed upgraded equipment, revised backup processes, and better implemented security measures."  By this revision, the wrong parallel sentence now has a well-structured parallelism.

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