subject
Business, 10.09.2019 18:30 MuntazerMehdi9746

Below are the transactions for ute sewing shop for march, the first month of operations.
march 1 issue common stock in exchange for cash of $1,700.
march 3 purchase sewing equipment by signing a note with the local bank, $1,400.
march 5 pay rent of $470 for march.
march 7
martha, a customer, places an order for alterations to several dresses. ute estimates that the alterations will cost martha $670. martha is not required to pay for the alterations until the work is complete.
march 12
purchase sewing supplies for $117 on account. this material will be used to provide services to customers.
march 15 ute delivers altered dresses to martha and receives $670.
march 19
ute agrees to alter 10 business suits for bob, who has lost a significant amount of weight recently. ute receives $570 from bob and promises the suits to be completed by march 25.
march 25 ute delivers 10 altered business suits to bob.
march 30 pay utilities of $82 for the current period.
march 31 pay dividends of $85 to stockholder
1. record each transaction
2. post each transaction to the appropriate t-accounts
3. prepare a trial balance as of march 31.

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 20:20
Accounts receivable arising from sales to customers amounted to $40,000 and $55,000 at the beginning and end of the year, respectively. income reported on the income statement for the year was $180,000. exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is
Answers: 2
question
Business, 22.06.2019 04:00
Assume that the following conditions exist: a. all banks are fully loaned up- there are no excess reserves, and desired excess reserves are always zero. b. the money multiplier is 5 .     c. the planned investment schedule is such that at a 4 percent rate of interest, investment =$1450 billion. at 5 percent, investment is $1420 billion. d. the investment multiplier is 3 . e.. the initial equilibrium level of real gdp is $12 trillion. f. the equilibrium rate of interest is 4 percent now the fed engages in contractionary monetary policy. it sells $1 billion worth of bonds, which reduces the money supply, which in turn raises the market rate of interest by 1 percentage point. calculate the decrease in money supply after fed's sale of bonds: $nothing billion.
Answers: 2
question
Business, 22.06.2019 17:50
Variable rate cd’s = $90 treasury bills = $150 discount loans = $20 treasury notes = $100 fixed rate cds = $160 money market deposit accts. = $140 savings deposits = $90 fed funds borrowing = $40 variable rate mortgage loans $140 demand deposits = $40 primary reserves = $50 fixed rate loans = $210 fed funds lending = $50 equity capital = $120 a. develop a balance sheet from the above data. be sure to divide your balance sheet into rate-sensitive assets and liabilities as we did in class and in the examples. b. perform a standard gap analysis and a duration analysis using the above data if you have a 1.15% decrease in interest rates and an average duration of assets of 5.4 years and an average duration of liabilities of 3.8 years. c. indicate if this bank will remain solvent after the valuation changes. if so, indicate the new level of equity capital after the valuation changes. if not, indicate the amount of the shortage in equity capital.
Answers: 3
question
Business, 23.06.2019 02:00
In his speech on varying explanations of how the earth came into existence, eduardo begins with opinions, moves to inferences, and uses scientific facts in support of his last point. what principle of supporting material organization is eduardo utilizing in his speech?
Answers: 3
You know the right answer?
Below are the transactions for ute sewing shop for march, the first month of operations.
marc...
Questions
question
Chemistry, 12.05.2021 18:40
question
Social Studies, 12.05.2021 18:40
question
English, 12.05.2021 18:40
question
Physics, 12.05.2021 18:50
Questions on the website: 13722363