Suppose Heat Miser Air Conditioner Company engaged in the following transactions during June of the current year: June
3 Purchased inventory on credit terms of 1/10 net eom (end of month $1,600)
9 Returned 40% of the inventory purchased on June 3. It was defective.
12 Sold goods for cash $920 (cost $550)
15 Purchased goods for $5000. Credit terms were 3/15 net 30
16 Paid a $260 freight bill on goods purchased
18 Sold inventory for $2000 on credit terms 2/10, n/30 (cost $1180)
22 Received returned goods from the customer of the June 18 sale, $800 (cost $480)
24 Borrowed money from the bank to take advantage of the discount offered on the June 15 purchased. Signed a note payable to the bank for the net amount $4850
24 Paid supplier for goods purchased on June 15
28 Received cash in full settlement of the account from the customer who purchased inventory on June 18
29 Paid the amount owed on account from the purchase of June 3
REQUIREMENTS:
1. Journalize the proceeding transactions. Explanations not required.
2. Set up T accounts and post the journal entries to show the ending balances in the inventory and cost of goods sold accounts only

The following balance sheet for the los gatos corporation was prepared by a recently hired accountant. in reviewing the statement you notice several errors. los gatos corporation balance sheet at december 31, 2018 assets cash $ 44,000 accounts receivable 86,000 inventories 57,000 machinery (net) 122,000 franchise (net) 32,000 total assets $ 341,000 liabilities and shareholders' equity accounts payable $ 54,000 allowance for uncollectible accounts 7,000 note payable 59,000 bonds payable 112,000 shareholders' equity 109,000 total liabilities and shareholders' equity $ 341,000 additional information: cash includes a $22,000 restricted amount to be used for repayment of the bonds payable in 2022. the cost of the machinery is $194,000. accounts receivable includes a $22,000 note receivable from a customer due in 2021. the note payable includes accrued interest of $7,000. principal and interest are both due on february 1, 2019. the company began operations in 2013. income less dividends since inception of the company totals $37,000. 52,000 shares of no par common stock were issued in 2013. 200,000 shares are authorized. required: prepare a corrected, classified balance sheet. (amounts to be deducted should be indicated by a minus sign.)

If a firm plans to issue new stock, flotation costs (investment bankers' fees) should not be ignored. there are two approaches to use to account for flotation costs. the first approach is to add the sum of flotation costs for the debt, preferred, and common stock and add them to the initial investment cost. because the investment cost is increased, the project's expected return is reduced so it may not meet the firm's hurdle rate for acceptance of the project. the second approach involves adjusting the cost of common equity as follows: . the difference between the flotation-adjusted cost of equity and the cost of equity calculated without the flotation adjustment represents the flotation cost adjustment. quantitative problem: barton industries expects next year's annual dividend, d1, to be $1.90 and it expects dividends to grow at a constant rate g = 4.3%. the firm's current common stock price, p0, is $22.00. if it needs to issue new common stock, the firm will encounter a 6% flotation cost, f. assume that the cost of equity calculated without the flotation adjustment is 12% and the cost of old common equity is 11.5%. what is the flotation cost adjustment that must be added to its cost of retaine

Acar manufacturer uses new machines that automatically assemble an engine from parts fed to the system. the machine can regulate the speed ofassembly depending on the number of parts produced. which type of technology does this machine use? angenoem mense wat ons in matin en esta va ser elthe machine uses