Account Titles and Explanation Debit Credit 2021
Sept. 1 Cash 25,000
Common Stock 25,000
(Issued stock for cash)
4 Equipment 30,000
Cash 10,000
Notes Payable 20,000
(Paid cash and issued 2-year, 9%, note for equipment)
8 Rent Expense 1,000
Cash 1,000
(Paid September rent)
15 Prepaid Insurance 400
Cash 400
(Paid one-year liability insurance)
18 Cash 2,500
Service Revenue 2,500
(Received cash for delivery services)
20 Salaries and Wages Expense 500
Cash 500 (
Paid salaries for current period)
25 Utilities Expense 100
Accounts Payable 100
(Received a bill for September utilities)
30 Dividends 1,500
Cash 1,500 (Paid dividends)
30 Accounts Receivable 4,000
Service Revenue 4,000
(Billed customer for delivery service)
Post the journal entries to the accounts in the general ledger.

The following information is available for ellen's fashions, inc. for the current month. book balance end of month $ 7 comma 000 outstanding checks 700 deposits in transit 4 comma 500 service charges 120 interest revenue 45 what is the adjusted book balance on the bank reconciliation?

Which motion below could be made so that the chair would be called on to enforce a violated rule?

The gilbert instrument corporation is considering replacing the wood steamer it currently uses to shape guitar sides. the steamer has 6 years of remaining life. if kept,the steamer will have depreciaiton expenses of $650 for five years and $325 for the sixthyear. its current book value is $3,575, and it can be sold on an internet auction site for$4,150 at this time. if the old steamer is not replaced, it can be sold for $800 at the endof its useful life. gilbert is considering purchasing the side steamer 3000, a higher-end steamer, whichcosts $12,000 and has an estimated useful life of 6 years with an estimated salvage value of$1,500. this steamer falls into the macrs 5-year class, so the applicable depreciationrates are 20.00%, 32.00%, 19.20%, 11.52%, 11.52%, and 5.76%. the new steamer is fasterand allows for an output expansion, so sales would rise by $2,000 per year; the newmachine's much greater efficiency would reduce operating expenses by $1,900 per year.to support the greater sales, the new machine would require that inventories increase by$2,900, but accounts payable would simultaneously increase by $700. gilbert's marginalfederal-plus-state tax rate is 40%, and its wacc is 15%.a. should it replace the old steamer? b. npv of replace = $2,083.51