Business, 21.02.2020 03:49 jasonoliva13

(a) Jessica contributed $50,000 cash to the company on June 1 in exchange for its common stock.(b) Purchased inflatable rides and inflation equipment on June 2, paying $20,000 cash.(c) Received $5,000 cash from casual hourly rentals at the mall on June 3.(d) Rented rides and equipment to customers for $10,000.(e) Received cash of $2,000 on June 4 and the rest is due from customers.(f) Received $2,500 from a large corporate customer on June 5 as a deposit on a party booking for July 4.(g) Began to prepare for the July 4 party by purchasing and receiving various party supplies on June 6 on account for $600.(h) On June 7, paid $6,000 in cash for renting the mall space this month.(i) On June 8, prepaid next month’s mall space rental charge of $6,000.(j) Received $1,000 on June 9 from customers on accounts receivable.(k) Paid $1,000 for running a television ad on June 10.(l) Paid $4,000 in wages to employees on June 30 for work done during the month. Record the above transaction.

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Answer from: avi49

Date Particulars Debit Credit

June 1 Cash $ 50,000

Common Stock $ 50,000

(a) Jessica contributed $50,000 cash to the company on June 1 in exchange for its common stock.

June 2 Inflatable Equipment $ 20,000

Cash $ 20,000

(b) Purchased inflatable rides and inflation equipment on June 2, paying $20,000 cash.

June 3 Cash $ 5000

Rental Revenue $ 5000

Accounts Receivable $ 10000

Rental Revenue $ 10000

(d) Rented rides and equipment to customers for $10,000.

June 4 Cash $2000

Accounts Receivable $2000

(e) Received cash of $2,000 on June 4 and the rest is due from customers.

June 5 Cash $ 2,500

Unearned Revenue $2500

(f) Received $2,500 from a large corporate customer on June 5 as a deposit on a party booking for July 4.

June 6 Party Supplies $600

Accounts Payable $600

(g) Began to prepare for the July 4 party by purchasing and receiving various party supplies on June 6 on account for $600.

June 7 Rent Expense $6000

Cash $6000

(h) On June 7, paid $6,000 in cash for renting the mall space this month.

June 8 Prepaid Rent Expense $6000

Cash $6000

(i) On June 8, prepaid next month’s mall space rental charge of $6,000.

June 9 Cash $1000

Accounts Receivable $1000

(j) Received $1,000 on June 9 from customers on accounts receivable.

June 10 Advertising Expense $1000

Cash $1000

(k) Paid $1,000 for running a television ad on June 10.

June 30 Wages Expense $ 4000

Cash $ 4000

(l) Paid $4,000 in wages to employees on June 30 for work done during the month

Answer from: Quest

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi

Answer from: Quest

The answer is that the answer is and ik it is because the answer is false.

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