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Doss [256]
3 years ago
9

In January, Tongo, Inc., a branding consultant, had the following transactions. a. Received $15,500 cash for consulting services

rendered in January. b. Issued common stock to investors for $14,500 cash. c. Purchased $16,200 of equipment, paying 25 percent in cash and owing the rest on a note due in 2 years. d. Received $8,150 cash for consulting services to be performed in February. e. Bought $1,620 of supplies on account. f. Received utility bill for January for $1,450, due February 15. g. Consulted for customers in January for fees totaling $16,700, due in February. h. Received $20,200 cash for consulting services rendered in December. i. Paid $810 toward supplies purchased in (e). Prepare the journal entry for each of the above transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

Business
1 answer:
Alinara [238K]3 years ago
4 0

Answer:

See the explanation

Explanation:

See the image below:

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The cartesian coordinate system is also referred to as a(n) _____________ coordinate system.
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The largest amount of money the government lays out is for the transfer program, _____. And its largest expenditure is for _____
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The largest amount of money the government lays out is for the transfer program, Social Security. And its largest expenditure is for national defense. America is quite known for spending a lot of money on defending itself from any possible threat. 
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4 years ago
Read 2 more answers
Acheson Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data for its
Amanda [17]

Answer:

Over-applied by $3,842

Explanation:

If<em>, Applied Overheads > Actual Overheads, overheads have been overapplied.</em>

<em>and</em>

<em>Since, Applied Overheads < Actual Overheads, overheads have been under- applied.</em>

Applied Overheads = Predetermined rate x Actual Activity

where,

Predetermined rate = Budgeted Overheads  ÷ Budgeted Activity

therefore,

Predetermined rate = $ 157,050 ÷ 4,500

                                  = $34.90

Applied Overheads = $34.90 x 4,580 = $159,842

<em>Since, Applied Overheads > Actual Overheads, overheads have been overapplied.</em>

Over-applied overheads = $159,842 - $ 156,000 = $3,842

5 0
3 years ago
An individual involved in the communication process
BabaBlast [244]

Interpersonal communication

4 0
4 years ago
The Graber Corporation’s common stock has a beta of 1.8. If the risk-free rate is 5.8 percent and the expected return on the mar
Murljashka [212]

Answer:

16.96%

Explanation:

In this question, we apply the Capital Asset Pricing Model (CAPM) formula which is shown below

Expected rate of return = Risk-free rate of return + Beta × (Market rate of return - Risk-free rate of return)

= 5.8% + 1.8 × (12% - 5.8%)

= 5.8% + 1.8 × 6.2%

= 5.8% + 11.16%

= 16.96%

The (Market rate of return - Risk-free rate of return)  is also called market risk premium

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3 years ago
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