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3 years ago

Bearcat Construction begins operations in March and has the following transactions.

Business

1 answer:

EleoNora [17]3 years ago

5 0

Answer:

Mar. 1

Dr Cash $16,500

Cr Common stock $16,500

Mar. 5

Dr Cash $8,100

Cr Notes payable $8,100

Mar. 10

Dr Equipment $20,500

Cr Cash $20,500

Mar. 15

Dr Advertising expense .$1,100

Cr Cash $1,100

Mar. 22

Dr Accounts receivable

$17,100

Cr Service revenue $17,100

Mar. 27

Dr Cash $12,100

Cr Accounts receivable $12,100

Mar. 28

Dr Salaries expense $5,100

Cr Cash $5,100

Explanation:

Preparation of the journal entries

Mar. 1

Dr Cash $16,500

Cr Common stock $16,500

Mar. 5

Dr Cash $8,100

Cr Notes payable $8,100

Mar. 10

Dr Equipment $20,500

Cr Cash $20,500

Mar. 15

Dr Advertising expense .$1,100

Cr Cash $1,100

Mar. 22

Dr Accounts receivable

$17,100

Cr Service revenue $17,100

Mar. 27

Dr Cash $12,100

Cr Accounts receivable $12,100

Mar. 28

Dr Salaries expense $5,100

Cr Cash $5,100

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Answer & Explanation: When planning a procurement, it is useful to at least conduct a make or buy analysis which aids in determining the most cost effective approach, to consult and liaise with in-house experts in the departments of procurement, human resource, and legal, and also to insure the sponsor of the project signs off on the procurement plan. The goal of procurement planning is to increase the transparency and predictability of the procurement process while also deciding on what to buy, when and from what source.

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3 years ago

Southwestern Bank offers to lend you $50,000 at a nominal rate of 6.9%, compounded monthly. The loan (principal plus interest) m

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Answer:

0.98%

Explanation:

Note: Options provided is slightly different for this question

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3 years ago

When modeling the flow of income and expenditures in an economy the two principal participants are households (consumers) and fi

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Answer:

It must be found that the income of a home flows in a very habitual way day by day because the expenses that are generated in the daily living are many.

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Explanation:

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3 years ago

On February 1st, your accrual based company incurs $500.00 for services. On February 25th, your company pays $300.00 towards the

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Debit Credit

Feb 1
Services 500
Accounts Payable 500

Feb 25
Accounts Payable 300
Cash 300

March 5
Accounts Payable 200
Cash 200

The entries made in March 5th zeroed out the Accounts Payable on the Services bought on account last February 1st.

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3 years ago

Leslie's Unique Clothing Stores offers a common stock that pays an annual dividend of $3.10 a share. The company has promised to

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Answer:

The maximum that one should be willing to pay for this stock today is $21.38

Explanation:

The constant dividend paying company is the one whose dividend growth remains zero or unchanged. The zero growth model of the DDM is used to calculate the price or value of stock today of such a stock. This kind of stock is just like a perpetuity as it pays a fixed amount after fixed intervals of time forever.

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Price = 3.1 / 0.145

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4 years ago