Business, 26.05.2021 15:40 cam6877

Following are the transactions of Sustain Company. June 1 T. James, owner, invested $16,000 cash in Sustain Company in exchange for common stock. 2 The company purchased $9,000 of furniture made from reclaimed wood on credit. 3 The company paid $1,600 cash for a 12-month insurance policy on the reclaimed furniture. 4 The company billed a customer $8,000 in fees earned from preparing a sustainability report. 12 The company paid $9,000 cash toward the payable from the June 2 furniture purchase. 20 The company collected $8,000 cash for fees billed on June 4. 21 T. James invested an additional $15,000 cash in Sustain Company in exchange for common stock. 30 The company received $10,000 cash from a client for sustainability services for the next 3 months. Prepare general journal entries for the above transactions.

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 01:00

Bond x is noncallable and has 20 years to maturity, a 7% annual coupon, and a $1,000 par value. your required return on bond x is 10%; if you buy it, you plan to hold it for 5 years. you (and the market) have expectations that in 5 years, the yield to maturity on a 15-year bond with similar risk will be 9.5%. how much should you be willing to pay for bond x today? (hint: you will need to know how much the bond will be worth at the end of 5 years.) do not round intermediate calculations. round your answer to the nearest cent.

Answers: 3

Answer

Business, 22.06.2019 13:30

Jose recently died with a probate estate of $900,000. he was predeceased by his wife, guadalupe, and his daughter, lucy. he has two surviving children, pete and fred. jose was also survived by eight grandchildren, pete’s three children, naomi, daniel, nick; fred’s three children, heather, chris and steve; and lucy’s two children, david and rachel. jose’s will states the following “i leave everything to my three children. if any of my children shall predecease me then i leave their share to their heirs, per stirpes.” which of the following statements is correct? (a) under jose’s will rachel will receive $150,000. (b) under jose’s will chris will receive $150,000. (c) under jose’s will nick will receive $100,000. (d) under jose’s will pete will receive $200,000.

Answers: 1

Answer

Business, 22.06.2019 14:30

If a product goes up in price, and the demand for it drops, that product's demand is a. elastic b. inelastic c. stable d. fixed select the best answer from the choices provided

Answers: 1

Answer

Business, 22.06.2019 19:00

Why is accountability important in managing safety

Answers: 2

Answer

You know the right answer?

Following are the transactions of Sustain Company. June 1 T. James, owner, invested $16,000 cash in...

Questions