A part-time bookkeeper for Skywalker Tours has created the trial balance at the end of the year, and cannot get it to balance. All the entries have been journalized and posted to the general ledger properly, and all the accounts should have normal balances. November 30, 2018
Skywalker Tours
Trial Balance
Account TitlesDRCR
Accounts Payable$3,160
Accounts Receivable$2,290
Advertising Expense$2,090
Notes Payable$5,690
Luke, Capital $6,080
Cash $6,710
Interest Expense$460
Maintenance Expense $270
Office Supplies$1,880
Luke, Withdrawals$2,110
Prepaid Insurance $1,440
Equipment$15,000
Rent Expense$6,370
Salaries Expense$5,650
Service Revenue $27,800
Telephone Expense$470
Unearned Revenue$2,010
Total$47,180$42,300
Required
Recreate the trial balance for Skywalker Tours so that the accounts are listed in the order they would typically appear in a chart of accounts, and ensure that debits equal credits.
Choose the correct order of titles for the trial balance statement.
Do not enter dollar signs or commas in the input boxes.
AnswerNovember 30, 2018Skywalker ToursTrial Balance
AnswerNovember 30, 2018Skywalker ToursTrial Balance
AnswerNovember 30, 2018Skywalker ToursTrial Balance
Account TitlesDRCR
CashAnswerAnswer
Accounts ReceivableAnswerAnswer
Prepaid InsuranceAnswerAnswer
Office SuppliesAnswerAnswer
EquipmentAnswerAnswer
Accounts PayableAnswerAnswer
Unearned RevenueAnswerAnswer
Notes PayableAnswerAnswer
Luke, CapitalAnswerAnswer
Luke, WithdrawalsAnswerAnswer
Service RevenueAnswerAnswer
Advertising ExpenseAnswerAnswer
Interest ExpenseAnswerAnswer
Maintenance ExpenseAnswerAnswer
Rent ExpenseAnswerAnswer
Salaries ExpenseAnswerAnswer
Telephone ExpenseAnswerAnswer
TotalAnswerAnswer

You invest all the money you earned during your summer sales job (a total of $45,000) into the stock of a company that produces fat and carb-free cheetos. the company stock is expected to earn a 14% annual return; however, 5 years later it is only worth $20,000. turns out there wasn't as much demand for fat and carb-free cheetos as you had hoped. what is the annual rate of return on your investment?

Selected information about income statement accounts for the reed company is presented below (the company's fiscal year ends on december 31): 2018 2017sales $ 4,400,000 $ 3,500,000cost of goods sold 2,860,000 2,000,000administrative expenses 800,000 675,000selling expenses 360,000 312,000interest revenue 150,000 140,000interest expense 200,000 200,000loss on sale of assets of discontinued component 50,000 —on july 1, 2018, the company adopted a plan to discontinue a division that qualifies as a component of an entity as defined by gaap. the assets of the component were sold on september 30, 2018, for $50,000 less than their book value. results of operations for the component (included in the above account balances) were as follows: 1/1/18-9/30/18 2017 sales $ 400,000 $ 500,000 cost of goods sold (290,000 ) (320,000 )administrative expenses (50,000 ) (40,000 )selling expenses (20,000 ) (30,000 )operating income before taxes $ 40,000 $ 110,000 in addition to the account balances above, several events occurred during 2018 that have not yet been reflected in the above accounts: a fire caused $50,000 in uninsured damages to the main office building. the fire was considered to be an infrequent but not unusual event.inventory that had cost $40,000 had become obsolete because a competitor introduced a better product. the inventory was sold as scrap for $5,000.income taxes have not yet been recorded.required: prepare a multiple-step income statement for the reed company for 2018, showing 2017 information in comparative format, including income taxes computed at 40% and eps disclosures assuming 300,000 shares of common stock. (amounts to be deducted should be indicated with a minus sign. round eps answers to 2 decimal places.)

How did the change in textile production affect employment in spinning and weaving for adults and children?