Record the following selected transactions for january in a two‐column journal. once you have completed that, answer questions 1 – 5 related to your work. (a) earned $7,000 fees; customer will pay later. (b) purchased equipment for $45,000, paying $20,000 in cash and the remainder on credit (c) paid $3,000 for rent for january. (d) purchased $2,500 of supplies on account. (e) a. allen $1,000 investment in the company. (f) received $7,000 in cash for fees earned previously. (g) paid $1,200 to creditors on account. (h) paid wages of $6,250. (i) received $7,150 from customers on account. (j) a. allen withdrawal of $1,750. 1. for part (e), which two accounts are affected?

Ida sidha karya company is a family-owned company located on the island of bali in indonesia. the company produces a handcrafted balinese musical instrument called a gamelan that is similar to a xylophone. the gamelans are sold for $860. selected data for the company’s operations last year follow: units in beginning inventory 0 units produced 320 units sold 285 units in ending inventory 35 variable costs per unit: direct materials $ 135 direct labor $ 355 variable manufacturing overhead $ 30 variable selling and administrative $ 15 fixed costs: fixed manufacturing overhead $ 64,000 fixed selling and administrative $ 27,000 the absorption costing income statement prepared by the company’s accountant for last year appears below: sales $ 245,100 cost of goods sold 205,200 gross margin 39,900 selling and administrative expense 31,275 net operating income $ 8,625 required: 1. under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of last year? 2. prepare an income statement for last year using variable costing. what is the amount of the difference in net operating income between the two costing methods?

Which of these is not a result of regular exercise

Asmartphone manufacturing company uses social media to achieve different business objectives. match each social media activity of the company to the objective it the company achieve.