Record the following selected transactions for january in a two‐column journal. (a) earned $7,000 fees; customer will pay later. (b) purchased equipment for $45,000, paying $20,000 in cash and the remainder on credit (c) paid $3,000 for rent for january. (d) purchased $2,500 of supplies on account. (e) a. allen $1,000 investment in the company. (f) received $7,000 in cash for fees earned previously. (g) paid $1,200 to creditors on account. (h) paid wages of $6,250. (i) received $7,150 from customers on account. (j) a. allen withdrawal of $1,750. for part (e), which two accounts are affected? a)cash and fees earned b)cash and prepaid insurance c) cash and allen, capital d) cash and accounts receivable

If tracking employees through technology is not illegal, why should megan be concerned if she is not involved in any misconduct?

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.)

Eliza works for a consumer agency educating young people about advertisements. instead of teaching students to carefully read advertisement claims, she encourages them to develop a strong sense of self and to keep their life goals and dreams separate from commercial products. why might eliza's advice make sense?