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katen-ka-za [31]
3 years ago
14

Assignment Background Ellie Johnson Associates surveys American eating habits. The company's 1) Using the General Journal tab, c

lick Add Transaction to iournalize accounts include Land, Buildings, Office Equipment, and Communi?atión Equipment, with a separate Accumulated Depreciation account for each depreciable asset. Ellie Johnson Associates completed the activities listed then repeat these steps for each transaction in the Transactions section below during 2018 each transaction. Click Post Transaction once you complete the entry, 2) Click the Reports tab and review the results of recording these transactions on the General Ledger. 3) Click Submit Work when complete Transactions: 01/01/2018 Purchased office equipment, $113,000. Paid $80,000 cash and financed the remainder with a note payable 04/01/2018 Acquired land and communication equipment in a lump-sum purchase. Total cost was $310,000, paid in cash. An independent appraisal valued the land at $244,125 and the communication equipment at $81,375 09/01/2018 Sold a building that cost $520,000 (accumulated depreciation of $285,000 through December 31 of the preceding year). Ellie Johnson Associates received $420,000 cash from the sale of the building. Depreciation is computed on a straight-line basis. The building hasa SAVE WORK RESET SUBMIT WoRK REPORTS January 1, 2018-December 31, 2018 BUSINESS COMPANY INFORMATION CHART OF ACCOUNTS GENERAL JOURNAL Accounts Debit Credit No transactions in Journal ADD TRANSACTION EDIT CHECKED TRANSACTION DELETE CHECKED T
Business
1 answer:
Sav [38]3 years ago
5 0

Answer

The answer and procedures of the exercise are attached in a microsoft excel document.  

<em>You didn´t post the complete information of the exercise, I searched the exercise online and tried to ask the most useful question.</em>

<em> </em>

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

Download xlsx
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valina [46]
<h2>Direct to the maintenance department</h2>

Explanation:

Jane here works only in the Maintenance department. The work that he does supports both Production as well as Research. We can calculate the expenses, only by associating the department of the employee.

So, the wages should be directly associated to the maintenance department only.

We cannot add one cost to multiple department and it is not the right approach of accounting system. So the below becomes invalid.

<em>Indirect to the production department Direct to the research department Direct to the production department Indirect to the research department</em>

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3 years ago
A higher level of interest income can be received if a savings account offers a promotional rate.
KiRa [710]
True. One would get the regular stated interest rate plus the additional promotional rate. Thus one would recieve a higher income via the savings rate.
4 0
3 years ago
the loss of producer surplus associated with some sellers dropping out of the market as a result of the tax is
san4es73 [151]

Answer:

$60

Explanation:

According to information on your question. We are to note that an absence or reduction of suppliers could lead to lower supply.

As in this case, the producer supply loss of $60 was incurred as some sellers dropped out of the market as a result of the tax.

6 0
3 years ago
What are welfare payments or consumer studies?
klio [65]
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Hope this helps.
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This document is published by the Office of Inspector General (OIG) every year. It details the OIG's focus for Medicare fraud an
olga nikolaevna [1]

Answer:

<em>The OIG's Workplan</em>

Explanation:

Work planning process for the Office of Inspector General (OIG) has always been vibrant and improvements have been created during the year to satisfy objectives, and with the available resources to anticipate and respond to emerging issues.

<em>The OIG Work Plan establishes various projects, such as OIG audits and evaluations which are yet to be established or arranged to be tackled by OIG's Audit Services Office and Evaluation and Inspections Office during the fiscal year and beyond.</em>

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