Prepare journal entries for each transaction and identify the financial statement impact of each entry. the financial statements are automatically generated based on the journal entries recorded. jan. 1 kacy spade, owner, invested $100,750 cash in the company in exchange for common stock. jan. 2 the company purchased office supplies for $1,250 cash. jan. 3 the company purchased $10,050 of office equipment on credit. jan. 4 the company received $15,500 cash as fees for services provided to a customer. jan. 5 the company paid $10,050 cash to settle the payable for the office equipment purchased on january 3.jan. 6 the company billed a customer $2,700 as fees for services provided. jan. 7 the company paid $1,225 cash for the monthly rent. jan. 8 the company collected $1,125 cash as partial payment for the account receivable created on january 6.jan. 9 the company paid $10,000 cash in dividends to the owner (sole shareholder).

4. the condition requires that only one of the selected criteria be true for a record to be displayed.

Suppose that jim plans to borrow money for an education at texas a& m university. jim will need to borrow $25,000 at the end of each year for the next five years (total=$125,000). jim wishes his parents could pay for his education but they can’t. at least, he qualifies for government loans with a reduced interest rate while he is in school. he has a special arrangement with aggiebank to lend him the money at a subsidized rate of 1% over five years without having to make a payment until the end of the fifth year. however, at the end of the fifth year, jim agrees to pay off the loan by borrowing from longhorn bank. longhorn bank will lend him the money he needs at an annual interest rate of 6%. jim agrees to pay back the longhorn bank with 20 annual payments and the payments will be uniform (equal annual payments including principal and interest). (i) calculate how much money jim has to borrow at the end of 5 years to pay off the loan with aggiebank. a. $121,336 b. $127,525 c. $125,000 d. $102,020 e. none of the above

During which of the following phases of the business cycle does the real gdp fall? a. trough b. expansion c. contraction d. peak