Business, 23.10.2019 23:00 soriajimmy85

The triquel theater inc. was recently formed. it began operations in march 2017. the triquel is unique in that it will show only triple features of sequential theme movies. on march 1, the ledger of the triquel showed cash $16,000; land $38,000; buildings (concession stand, projection room, ticket booth, and screen) $22,000; equipment $16,000; accounts payable $12,000; and common stock $80,000. during the month of march, the following events and transactions occurred.

mar. 2 rented the first three star wars movies (star wars®, the empire strikes back, and the return of the jedi) to be shown for the first three weeks of march. the film rental was $10,000; $2,000 was paid in cash and $8,000 will be paid on march 10.
3 ordered the first three star trek movies to be shown the last 10 days of march. it will cost $500 per night.
9 received $9,900 cash from admissions.
10 paid balance due on star wars movies' rental and $2,900 on march 1 accounts payable.
11 the triquel theater contracted with r. lazlo to operate the concession stand. lazlo agrees to pay the triquel 15% of gross receipts, payable monthly, for the rental of the concession stand.
12 paid advertising expenses $500.
20 received $8,300 cash from customers for admissions.
20 received the star trek movies and paid rental fee of $5,000.
31 paid salaries of $3,800.
31 received statement from r. lazlo showing gross receipts from concessions of $10,000 and the balance due to the triquel of $1,500 ($10,000 × .15) for march. lazlo paid half the balance due and will remit the remainder on april 5.
31
received $20,000 cash from customers for admissions.

-using t-accounts, enter the beginning balances to the ledger.

-journalize the march transactions. the triquel records admission revenue as service revenue, concession revenue as sales revenue, and film rental expense as rent expense. (if no entry is required, select "no entry" for the account titles and enter 0 for the amounts. credit account titles are automatically indented when amount is entered. do not indent manually. record journal entries in the order presented in the problem.)

-prepare a trial balance on march 31, 2017.

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 21:00

Following is a list of various costs incurred in producing replacement automobile parts. with respect to the production and sale of these auto parts, classify each cost as either variable costs, fixed costs, or mixed costs. 1. oil used in manufacturing equipment 2. plastic 3. property taxes, $165,000 per year on factory building and equipment 4. salary of plant manager 5. cost of labor for hourly workers 6. packaging 7. factory cleaning costs, $6,000 per month 8. metal 9. rent on warehouse, $10,000 per month plus $25 per square foot of storage used 10. property insurance premiums, $3,600 per month plus $0.01 for each dollar of property over $1,200,000 11. straight-line depreciation on the production equipment 12. hourly wages of machine operators 13. electricity costs, $0.20 per kilowatt-hour 14. computer chip (purchased from a vendor) 15. pension cost, $1.00 per employee hour on the job

Answers: 3

Answer

Business, 22.06.2019 06:40

At april 1, 2019, the food and drug administration is in the process of investigating allegations of false marketing claims by hulkly muscle supplements. the fda has not yet proposed a penalty assessment. hulkly’s fiscal year ends on december 31, 2018. the company’s financial statements are issued in april 2019. required: for each of the following scenarios, determine the appropriate way to report the situation. 1. management feels an assessment is reasonably possible, and if an assessment is made an unfavorable settlement of $13 million is reasonably possible. 2. management feels an assessment is reasonably possible, and if an assessment is made an unfavorable settlement of $13 million is probable. 3. management feels an assessment is probable, and if an assessment is made an unfavorable settlement of $13 million is reasonably possible. 4. management feels an assessment is probable, and if an assessment is made an unfavorable settlement of $13 million is probable.

Answers: 1

Answer

Business, 22.06.2019 12:20

Alarge university wanted to study the relationship between completing an internship during college and students' future earning potential. prom the same graduating class, they selected a random sample of 80 students who completed an internship and 100 students who did not complete an internship and examined their salaries five years after graduation. they found that there was a statistically higher mean salary for the internship group than for the noninternship group. which of the following interpretations is the most appropriate? a. there could be a confounding variable, such as student major, that explains the difference in mean salary between the internship and no internship groups.b. we cannot infer anything from these data since the distribution of salaries is likely right skewed.c. you cannot draw any valid conclusions because the sample sizes are different.d. more students should complete internships because having an internship produces a higher salary.

Answers: 1

Answer

Business, 22.06.2019 12:30

Rossdale co. stock currently sells for $68.91 per share and has a beta of 0.88. the market risk premium is 7.10 percent and the risk-free rate is 2.91 percent annually. the company just paid a dividend of $3.57 per share, which it has pledged to increase at an annual rate of 3.25 percent indefinitely. what is your best estimate of the company's cost of equity?

Answers: 1

Answer

You know the right answer?

The triquel theater inc. was recently formed. it began operations in march 2017. the triquel is uniq...

Questions