Transactions Simmons Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equipment; Accounts Payable; Michael Short, Capital; Michael Short, Drawing; Fees Earned; Rent Expense; Advertising Expense; Utilities Expense; Miscellaneous Expense. Oct. 1. Paid rent for the month, $6,000.3. Paid advertising expense, $3,820.5. Paid cash for supplies, $1,640.6. Purchased office equipment on account, $25,100.10. Received cash from customers on account, $8,18015. Paid creditors on account, $2,400.27. Paid cash for miscellaneous expenses, $1,040,30. Paid telephone bill (utility expense) for the month, $380.31. Fees earned and billed to customers for the month, $54,500.31. Paid electricity bill (utility expense) for the month, $650.31. Withdrew cash for personal use, $4,100.Journalize the selected transactions for October 2013. If an amount box does not require an entry, leave it blank.20Y3 Oct. 1 Rent Expense 6,000Cash20Y3 Oct. 3 Advertising Expense 3,820Cash2013 Oct. 5 Supplies 1,640 20Y3Cash20Y3 Oct. 6 Office Equipment 25,100Accounts Payable20Y3 Oct. 10 Cash 8,180Accounts Receivable20Y3 Oct. 15 Accounts PayableCash20Y3 Oct. 27 Miscellaneous Expense 1,040Cash20Y3 Oct. 30 Utilities Expense 380Cash20Y3 Oct. 31: Accounts ReceivableFees Earned20Y3 Oct. 31: Utilities Expense 650Cash2013 Oct. 31: Utilities Expense 650Cash ID20Y3 Oct. 31: Michael Short, DrawingCash

Which statement below best describes george waring's approach to solving the problems of water-borne illness? a. waring is going with his "gut," because he believes that instincts and emotions are the best guides for action. b. waring efficiently and thoroughly lays out the case for why the problems are too large and overwhelming to be solved: people should just move out of cities back to their farms. c. waring has gathered the testimonies of people who live in densely populated areas in order to learn how they themselves have solved their problems. d. waring exhibits the industrial age's increased respect for and reliance on science and the scientific method.

Instructions: use the following information to construct the 2000 balance sheet and income statement for carolina business machines. round all numbers to the nearest whole dollar. all numbers are in thousands of dollars. be sure to read the whole problem before you jump in and get started. at the end of 1999 the firm had $43,000 in gross fixed assets. in 2000 they purchased an additional $14,000 of fixed asset equipment. accumulated depreciation at the end of 1999 was $21,000. the depreciation expense in 2000 is $4,620. at the end of 2000 the firm had $3,000 in cash and $3,000 in accounts payable. in 2000 the firm extended a total of $9,000 in credit to a number of their customers in the form of accounts receivable. the firm generated $60,000 in sales revenue in 2000. their cost of goods sold was 60 percent of sales. they also incurred salaries and wages expense of $10,000. to date the firm has $1,000 in accrued salaries and wages. they borrowed $10,000 from their local bank to finance the $15,000 in inventory they now have on hand. the firm also has $7,120 invested in marketable securities. the firm currently has $20,000 in long-term debt outstanding and paid $2,000 in interest on their outstanding debt. over the firm's life, shareholders have put up $30,000. eighty percent of the shareholder's funds are in the form of retained earnings. the par value per share of carolina business machines stock is

You get your monthly banking statement and notice that the number is lower than expected. you decide that you should create a cash flow statement. why are cash flow statements useful in managing money? what are the steps in creating a statement?