Below are the transactions for Ute Sewing Shop for March, the first month of operations.
March 1 Issue common stock in exchange for cash of $2,000.
March 3 Purchase sewing equipment by signing a note with the local bank, $1,700.
March 5 Pay rent of $500 for March.
March 7 Martha, a customer, places an order for alterations to several dresses. Ute estimates that the alterations will cost Martha $700. Martha is not required to pay for the alterations until the work is complete.
March 12 Purchase sewing supplies for $120 on account. This material will be used to provide services to customers.
March 15 Martha receives altered dresses and pays $700 to Ute.
March 19 Bob needs 100 pairs of overalls expanded as he purchased too many small and medium sizes. He pays $600 to Ute for services and expects the overalls to be completed by
March 25. March 25 Bob receives his completed overalls.
March 30 Pay utilities of $85 for the current period.
March 31 Pay dividends of $100 to stockholders.
1. Record each transaction.
2. Post each transaction to the appropriate T-accounts.
3. Calculate the balance of each account at March 31.
4. Prepare a trial balance as of March 31.
Ute uses the following accounts: Cash, Supplies, Equipment, Accounts Payable, Unearned Revenue, Notes Payable, Common Stock, Dividends, Service Revenue, Rent Expense, and Utilities Expense.
2 candidates A,B compete in an election. Of the n citizens, k support candidate A and the remaining (n - k) support B. Each citizen whether to abstain, or to vote at a co...Apr 23 2020
If the latching current in the circu it shown in Fig. Oi(d) is 4 mA, obtain the minimum width of the gating pulse required to properly turn-on the thyristor. 0.1 H 100v Fig. Q1(d)Jul 16 2020
Kantor and Freeman began a partnership by investing $104,000 and $156,000 respectively.During the first year of operation, the partnership earned $90,000.Required:Prepare...Jul 14 2020
This problem refers to equations provided above for equation b) only. The slope of the line tangent to function (b) at x=2 equals: show working please!Jun 05 2020
Leslie and Leon Lazo are married and file a joint return for 2012. Leslie s Social Security number is 466-47-3311 and Leon s is 467-74-4451. They live at 143 Snapdragon D...Apr 25 2020
Bobby’s neighbor is growing a tree that is blocking Bobby’s ocean view. Bobby is considering taking his neighbor to court. To Bobby, the tre...Dec 11 2019
A manager asks an employee to study an issue and report back ith recommendations on ho the issue can be resolved. In this example, the employee is at the _____ level of ...Jan 24 2020
Apparatus A, shown in Figure 7.20, consists of a single 20 mm diameter pipe and is subjected to a head difference of 60 mm. Apparatus B consists of four JO mm diameter pi...Jul 11 2020
Suppose that in the market for computer memory chips, the equilibrium price is $50 per chip. If the current price is $55 per chip, then there will be ______________ of me...Dec 05 2019
The cylindrical surface ρ = 8 cm contains the surface charge density ρs = 5e -20|z| nC/m2(a) What is the total amount of charge present? (Please show all steps.) Not so c...Aug 08 2020