Sheridan Company entered into these transactions during May 2022, its first month of operations. 1. Stockholders invested $44,000 in the business in exchange for common stock of the company.
2. Purchased computers for office use for $31,800 from Ladd on account.
3. Paid $2,100 cash for May rent on storage space.
4. Performed computer services worth $16,500 on account.
5. Performed computer services for Wharton Construction Company for $6,300 cash.
6. Paid Western States Power Co. $8,400 cash for energy usage in May.
7. Paid Ladd for the computers purchased in (2).
8. Incurred advertising expense for May of $1,500 on account.
9. Received $12,600 cash from customers for contracts billed in (4).

Required:
Show the effect of each transaction on the accounting equation.

Alandowner entered into a written agreement with a real estate broker whereby the broker would receive a commission of 10% of the sale price if he procured a "ready, willing, and able buyer" for the landowner's property and if the sale actually proceeded through closing. the broker found a buyer who agreed in writing to buy the property from the landowner for $100,000, the landowner's asking price. the buyer put up $6,000 as a down payment. the agreement between the landowner and the buyer contained a liquidated damages clause providing that, if the buyer defaulted by failing to tender the balance due of $94,000 at the closing date, damages would be 10% of the purchase price. the landowner included that clause because she was counting on using the proceeds of the sale for a business venture that would likely net her at least $10,000. the buyer became seriously ill and defaulted. when he recovered, he demanded that the landowner return his $6,000, and the landowner refused. the broker also demanded the $6,000 from the landowner and was refused. the broker and the buyer filed separate suits against the landowner, with the buyer pleading impossibility of performance. the two cases are consolidated into a single case. how should the court rule as to the disposition of the $6,000?

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Which term best fits the sentence? is the process of reasoning, analyzing, and making important decisions. it’s an important skill in making career decisions. a. critical thinking b. weighing pros and cons c. goal setting