Record the following selected transactions for january in a two‐column journal. once you have completed that, answer questions 1 – 5 related to your work.

(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.

2. for part (h), which two accounts are affected?

a. fees earned and cash

b. wages expense and cash

c. accounts payable and cash

d. rent expense and cash

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On january 1, 2017, fisher corporation purchased 40 percent (90,000 shares) of the common stock of bowden, inc. for $980,000 in cash and began to use the equity method for the investment. the price paid represented a $48,000 payment in excess of the book value of fisher's share of bowden's underlying net assets. fisher was willing to make this extra payment because of a recently developed patent held by bowden with a 15-year remaining life. all other assets were considered appropriately valued on bowden's books. bowden declares and pays a $90,000 cash dividend to its stockholders each year on september 15. bowden reported net income of $400,000 in 2017 and $348,000 in 2018. each income figure was earned evenly throughout its respective year. on july 1, 2018, fisher sold 10 percent (22,500 shares) of bowden's outstanding shares for $338,000 in cash. although it sold this interest, fisher maintained the ability to significantly influence bowden's decision-making process. prepare the journal entries for fisher for the years of 2017 and 2018. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. do not round intermediate calculations. round your final answers to the nearest whole dollar.)

This exercise illustrates that poor quality can affect schedules and costs. a manufacturing process has 130 customer orders to fill. each order requires one component part that is purchased from a supplier. however, typically, 3% of the components are identified as defective, and the components can be assumed to be independent. (a) if the manufacturer stocks 130 components, what is the probability that the 130 orders can be filled without reordering components? (b) if the manufacturer stocks 132 components, what is the probability that the 130 orders can be filled without reordering components? (c) if the manufacturer stocks 135 components, what is the probability that the 130 orders can be filled without reordering components?