Sinking fund cash or cash assets are set aside for a purpose of

Jameson Corporation was organized on May 1. The following events occurred during the first month. Received $68,000 cash from the

monitta

Answer:

Explanation:

The journal entries are shown below:

1. Cash A/c Dr $68,000

To Common stock $5,150

To Additional paid-in capital $62,850

(Being the cash is received)

The common stock value is computed by

= Number of investors × number of shares × par value

= 5 investors × 103 shares × $10

= $5,150

And, the remaining balance is transferred to additional paid-in capital

2. No journal entry required

3. Cash A/c Dr $17,000

To Long term note payable A/c $17,000

(being cash is borrowed for long term payable)

4. Equipment A/c Dr $18,000

To Cash A/c $1,500

To Short term note payable $16,500

(Being equipment is purchased for cash and short term note payable)

5. Short term Notes receivable A/c Dr $1,600

To Cash $1,600

(Being cash is paid)

6. Store fixtures A/c Dr $19,000

To Cash A/c $19,000

(being cash is paid for store fixtures)

7 0

3 years ago

A five-sided lot has the following dimensions: side A = 44', side B = 67', side C = 91', side D = 18', and side E = 55'. What is

enyata [817]

Answer:

275

Explanation:

You will add all the figures;that is;44+67+91+18+55=275

5 0

3 years ago

Bandar Industries Berhad of Malaysia manufactures sporting equipment. One of the company’s products, a football helmet for the N

Alik [6]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

During the quarter ending June 30, the company manufactured 3,700 helmets, using 2,368 kilograms of plastic. The plastic cost the company $15,629. According to the standard cost card, each helmet should require 0.56 kilograms of plastic, for $7.00 per kilogram.

A) Standard quantity.

SQ= 0.56kg * 3,700 helmets= 2,072 kg el plastic.

B) Standard cost.

SC= 2,072 kg* $7= $14,504

C) Material spending variance.

MSvariance= real cost - estimated cost= 15,629 - 14,504= $1,125 unfavorable

D)

Material price variance= (standard price - actual price)*actual quantity= [7 - (15,629/2,368)]*2,368= $947 unfavorable

Material quantity variance= (standard quantity - actual quantity)*standard price= (2,072 - 2,368)*7= $2,072 unfavorable

5 0

3 years ago

I the united states what the youngest you can get a payng job not soemthing big like train conductoring but like at a little sho

gulaghasi [49]

It depends on the state. I think the youngest is 13 years old. But you have to work with high supervision.

4 0

3 years ago

You are choosing between these four investments and you want to be 95% certain that you do not lose more than 8.00 % on your in

MakcuM [25]

Answer:

option B

Explanation:

In other to know how return fluctuation can be predicted with for instance, x%, predictability, one has to look at the normal distribution curve of return (average returns) to standard deviation of those returns. (check the attached file for additional details).

Hence, to be 95% sure that investment losses are less than 8% one needs to look at 95% of all returns which infact Mean return plos or minus 20. If the lower bound of this interval is less than 8% then the investment needs to be selected

check attached file for additional details

8 0

3 years ago