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4.23 social innovatioan enterpreneurship | Management homework help

Faculty of Business & Law Assignment 2 Brief – Individual Report (2,500 words) Module Title Social Innovation & Entrepreneurship Assignment Number 2 Module Code ENTE3534 Assignment Type Individual Report Module Leader Dr Samuel O. Olutuase Assignment Weighting 50% Release Date October 17, 2023 Submission Date/Time Friday, 26 April, 2024 (12:00 noon UK time) Preliminaries Your work during phase 1 of the module and towards assignment […]

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Allan reflection | Education homework help

2 Reflections on:  https://www.edweek.org/teaching-learning/opinion-18-pieces-of-advice-for-doing-teacher-observations-the-right-way/2022/01   assignment: Write a 700 word Reflection Writing a reflection based on the article “18 Pieces of Advice for Doing Teacher Observations the Right Way” from Education Week requires critical thinking, personal insights, and a connection to your own experiences or studies in education. Here’s a structured guide to help you craft a thoughtful reflection: 1. Reading and Understanding the Article: […]

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Network traffic analysis tool evaluation

  Learning Objectives and Outcomes Describe the capabilities of several sniffers and other network analysis tools. Identify tools to add to a forensics toolkit. Assignment Requirements You are an experienced employee of the DigiFirm Investigation Company. DigiFirm experienced strong profits last quarter. Company executives have increased the operating budget for the rest of the year and expressed an interested in adding network traffic analysis tools […]

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Last | Nursing homework help

1 6 Biopsychosocial Population Health Policy Proposal Capella University NURS-FPX6026 – Biopsychosocial Concepts for Advanced Nursing Practice 2 April, 2024 Implementing a Comprehensive Policy to Address Adolescent Substance Abuse A Proposal for Improved Outcomes and Quality of Care Introduction The current state of substance abuse is a severe problem, not only because of the health consequences but also because families fall apart and the community […]

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Rough draft | HSA 315 – Health Information Systems | Strayer University

Introduction Within the last 10 years, the health care industry has seen big changes, not only in philosophy but also with the implementation of the Affordable Care Act. There have been changes in political, economic, social, technological, legal, and environmental factors that influence strategic planning. Americans desire increased quality patient care, wellness, and prevention programs. Health care organizations are seeing changes in volume and demographics […]

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Nursing homework question | Nursing homework help

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Extra credit des | Education homework help

Extra Credit Opportunity Due: 4/24/24 Step 1: Find a Research Article on a Student Health Issue (Must be dated after 2022) The best place to find a reliable research article is in a peer-reviewed scholarly journal accessed from a research database or platform, such as ProQuest, OvidSP, or EBSCOhost. Check with your university library to see which platforms and databases your school has access to, […]

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Business finance – economics ba 2800 module 1 assignment: e-commerce

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Extra credit | HLTH 185 | Elizabeth City State University

Extra Credit Opportunity Due: 4/24/24 Step 1: Find a Research Article on a Student Health Issue (Must be dated after 2022) The best place to find a reliable research article is in a peer-reviewed scholarly journal accessed from a research database or platform, such as ProQuest, OvidSP, or EBSCOhost. Check with your university library to see which platforms and databases your school has access to, […]

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July 1, 2023
    

31.A company raised $50,000 in cash by taking a one-year loan of $10,000 and a 5-year loan of $40,000. Which of the following is the correct journal entry to record this transaction?

                       

Debit short-term debt $40,000; debit retained earnings $10,000; credit cash $50,000

                       

Debit short-term debt $50,000; credit cash $50,000

                       

Debit cash $50,000; credit long-term debt $50,000

                       

Debit cash $50,000; credit short-term debt $10,000; credit long-term debt $40,000

 

 

32.Which one of the following statements describes the rules about posting transactions into T-accounts in the ledger?

                       

For assets, debits are entered on the left; for liabilities, credits are entered on the left

                       

For assets, credits are entered on the left; for liabilities, debits are entered on the left

                       

Debits on the left; credits on the right

                       

Credits on the left; debits on the right

 

 

33.Baxtra, Inc. pays $20,000 in cash as interest to its lenders during 2005. According to U.S. GAAP, in which section of the statement of cash flows would this payment be included?

                       

The operating section

                       

The financing section

                       

The investing section

                       

Depends on whether cash flow statement is direct or indirect method.

 

 

34.Taylor Company had a salaries payable balance of $18,000 on December 31, 2004. During 2005, it paid $50,000 in cash as salaries, and recorded a salary expense of $50,000. Its December 31, 2005 salaries payable balance is:

                       

$50,000

                       

$18,000

                       

$100,000

                       

Cannot be determined from the information provided

 

 

35.On April 30, 2005, Zono Electronics, Inc. made a payment of $3,500 to Imperial Distributors, a supplier. Choose the statement that best describes the recording of this financial transaction by Imperial Distributors.

                       

Debit cash $3,500; credit accounts payable $3,500

                       

Debit accounts receivable $3,500; credit cash $3,500

                       

Debit accounts payable $3,500; credit cash $3,500

                       

Debit cash $3,500; credit accounts receivable $3,500

 

 

36.Sardi Company estimates its 2005 tax expense to be $80,000. It makes a cash payment of $20,000 to the tax authorities on December 31, 2005. How should this transaction be recorded by Sardi?

                       

Debit tax expense $80,000; credit cash $60,000; credit taxes payable $20,000

                       

Debit tax expense $80,000; credit cash $20,000; credit taxes payable $60,000

                       

Debit tax expense $80,000; credit cash $20,000

                       

Debit tax expense $80,000; credit cash $20,000; credit accounts payable $60,000

 

37.On June 1, 2005, Planet Music has accounts payable of $45,000. During the month, debits of $3,000 and credits of $11,000 were made to the account. At the end of June 2005, what was the accounts payable balance?

                       

A credit balance of $53,000

                       

A debit balance of $42,000

                       

A credit balance of $56,000

                       

A debit balance of $53,000

 

 

38.Barnaby & Sons receives a large shipment of goods from its supplier. It pays $58,000 at the time of delivery and promises to pay the remaining $42,000 within the next two months. What is appropriate journal entry for this transaction?

                       

Debit cash $42,000; debit inventory $16,000; credit accounts payable $58,000;

                       

Debit inventory $100,000; credit cash $58,000; credit accounts payable $42,000

                       

Debit accounts payable $58,000; credit cash $42,000; credit inventory $16,000

                       

Debit accounts payable $58,000; debit cash $42,000; credit inventory $100,000

 

 

39.Annie's Fitness sells a set of free weights to a customer for $1,000. The customer pays $600 in cash and puts the rest on her store credit account. Which one of the following statements describes the most appropriate accounting for the transaction?

                       

Debit cash $600; debit accounts receivable $400; credit cost of good sold $1000

                       

Debit cash $600; debit accounts receivable $400; credit revenues $1,000

                       

Debit revenues $1,000; credit cash $600; credit accounts receivable $400

                       

Debit cash $600; debit accounts receivable $400; credit inventory $1,000

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July 1, 2023
    

31.A company raised $50,000 in cash by taking a one-year loan of $10,000 and a 5-year loan of $40,000. Which of the following is the correct journal entry to record this transaction?

                       

Debit short-term debt $40,000; debit retained earnings $10,000; credit cash $50,000

                       

Debit short-term debt $50,000; credit cash $50,000

                       

Debit cash $50,000; credit long-term debt $50,000

                       

Debit cash $50,000; credit short-term debt $10,000; credit long-term debt $40,000

 

 

32.Which one of the following statements describes the rules about posting transactions into T-accounts in the ledger?

                       

For assets, debits are entered on the left; for liabilities, credits are entered on the left

                       

For assets, credits are entered on the left; for liabilities, debits are entered on the left

                       

Debits on the left; credits on the right

                       

Credits on the left; debits on the right

 

 

33.Baxtra, Inc. pays $20,000 in cash as interest to its lenders during 2005. According to U.S. GAAP, in which section of the statement of cash flows would this payment be included?

                       

The operating section

                       

The financing section

                       

The investing section

                       

Depends on whether cash flow statement is direct or indirect method.

 

 

34.Taylor Company had a salaries payable balance of $18,000 on December 31, 2004. During 2005, it paid $50,000 in cash as salaries, and recorded a salary expense of $50,000. Its December 31, 2005 salaries payable balance is:

                       

$50,000

                       

$18,000

                       

$100,000

                       

Cannot be determined from the information provided

 

 

35.On April 30, 2005, Zono Electronics, Inc. made a payment of $3,500 to Imperial Distributors, a supplier. Choose the statement that best describes the recording of this financial transaction by Imperial Distributors.

                       

Debit cash $3,500; credit accounts payable $3,500

                       

Debit accounts receivable $3,500; credit cash $3,500

                       

Debit accounts payable $3,500; credit cash $3,500

                       

Debit cash $3,500; credit accounts receivable $3,500

 

 

36.Sardi Company estimates its 2005 tax expense to be $80,000. It makes a cash payment of $20,000 to the tax authorities on December 31, 2005. How should this transaction be recorded by Sardi?

                       

Debit tax expense $80,000; credit cash $60,000; credit taxes payable $20,000

                       

Debit tax expense $80,000; credit cash $20,000; credit taxes payable $60,000

                       

Debit tax expense $80,000; credit cash $20,000

                       

Debit tax expense $80,000; credit cash $20,000; credit accounts payable $60,000

 

37.On June 1, 2005, Planet Music has accounts payable of $45,000. During the month, debits of $3,000 and credits of $11,000 were made to the account. At the end of June 2005, what was the accounts payable balance?

                       

A credit balance of $53,000

                       

A debit balance of $42,000

                       

A credit balance of $56,000

                       

A debit balance of $53,000

 

 

38.Barnaby & Sons receives a large shipment of goods from its supplier. It pays $58,000 at the time of delivery and promises to pay the remaining $42,000 within the next two months. What is appropriate journal entry for this transaction?

                       

Debit cash $42,000; debit inventory $16,000; credit accounts payable $58,000;

                       

Debit inventory $100,000; credit cash $58,000; credit accounts payable $42,000

                       

Debit accounts payable $58,000; credit cash $42,000; credit inventory $16,000

                       

Debit accounts payable $58,000; debit cash $42,000; credit inventory $100,000

 

 

39.Annie's Fitness sells a set of free weights to a customer for $1,000. The customer pays $600 in cash and puts the rest on her store credit account. Which one of the following statements describes the most appropriate accounting for the transaction?

                       

Debit cash $600; debit accounts receivable $400; credit cost of good sold $1000

                       

Debit cash $600; debit accounts receivable $400; credit revenues $1,000

                       

Debit revenues $1,000; credit cash $600; credit accounts receivable $400

                       

Debit cash $600; debit accounts receivable $400; credit inventory $1,000

default image
July 1, 2023
    

31.A company raised $50,000 in cash by taking a one-year loan of $10,000 and a 5-year loan of $40,000. Which of the following is the correct journal entry to record this transaction?

                       

Debit short-term debt $40,000; debit retained earnings $10,000; credit cash $50,000

                       

Debit short-term debt $50,000; credit cash $50,000

                       

Debit cash $50,000; credit long-term debt $50,000

                       

Debit cash $50,000; credit short-term debt $10,000; credit long-term debt $40,000

 

 

32.Which one of the following statements describes the rules about posting transactions into T-accounts in the ledger?

                       

For assets, debits are entered on the left; for liabilities, credits are entered on the left

                       

For assets, credits are entered on the left; for liabilities, debits are entered on the left

                       

Debits on the left; credits on the right

                       

Credits on the left; debits on the right

 

 

33.Baxtra, Inc. pays $20,000 in cash as interest to its lenders during 2005. According to U.S. GAAP, in which section of the statement of cash flows would this payment be included?

                       

The operating section

                       

The financing section

                       

The investing section

                       

Depends on whether cash flow statement is direct or indirect method.

 

 

34.Taylor Company had a salaries payable balance of $18,000 on December 31, 2004. During 2005, it paid $50,000 in cash as salaries, and recorded a salary expense of $50,000. Its December 31, 2005 salaries payable balance is:

                       

$50,000

                       

$18,000

                       

$100,000

                       

Cannot be determined from the information provided

 

 

35.On April 30, 2005, Zono Electronics, Inc. made a payment of $3,500 to Imperial Distributors, a supplier. Choose the statement that best describes the recording of this financial transaction by Imperial Distributors.

                       

Debit cash $3,500; credit accounts payable $3,500

                       

Debit accounts receivable $3,500; credit cash $3,500

                       

Debit accounts payable $3,500; credit cash $3,500

                       

Debit cash $3,500; credit accounts receivable $3,500

 

 

36.Sardi Company estimates its 2005 tax expense to be $80,000. It makes a cash payment of $20,000 to the tax authorities on December 31, 2005. How should this transaction be recorded by Sardi?

                       

Debit tax expense $80,000; credit cash $60,000; credit taxes payable $20,000

                       

Debit tax expense $80,000; credit cash $20,000; credit taxes payable $60,000

                       

Debit tax expense $80,000; credit cash $20,000

                       

Debit tax expense $80,000; credit cash $20,000; credit accounts payable $60,000

 

37.On June 1, 2005, Planet Music has accounts payable of $45,000. During the month, debits of $3,000 and credits of $11,000 were made to the account. At the end of June 2005, what was the accounts payable balance?

                       

A credit balance of $53,000

                       

A debit balance of $42,000

                       

A credit balance of $56,000

                       

A debit balance of $53,000

 

 

38.Barnaby & Sons receives a large shipment of goods from its supplier. It pays $58,000 at the time of delivery and promises to pay the remaining $42,000 within the next two months. What is appropriate journal entry for this transaction?

                       

Debit cash $42,000; debit inventory $16,000; credit accounts payable $58,000;

                       

Debit inventory $100,000; credit cash $58,000; credit accounts payable $42,000

                       

Debit accounts payable $58,000; credit cash $42,000; credit inventory $16,000

                       

Debit accounts payable $58,000; debit cash $42,000; credit inventory $100,000

 

 

39.Annie's Fitness sells a set of free weights to a customer for $1,000. The customer pays $600 in cash and puts the rest on her store credit account. Which one of the following statements describes the most appropriate accounting for the transaction?

                       

Debit cash $600; debit accounts receivable $400; credit cost of good sold $1000

                       

Debit cash $600; debit accounts receivable $400; credit revenues $1,000

                       

Debit revenues $1,000; credit cash $600; credit accounts receivable $400

                       

Debit cash $600; debit accounts receivable $400; credit inventory $1,000

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