Exercise 5-4assume that denis savard inc. has the following accounts at the end of the current year.1. common stock 14. accumulated depreciation-buildings.2. discount on bonds payable. 15. cash restricted for plant expansion.3. treasury stock (at cost). 16. land held for future plant site.4. notes payable (short-term). 17. allowance for doubtful accounts.5. raw materials 18. retained earnings.6. preferred stock (equity) investments (long-term). 19. paid-in capital in excess of par-common stock.7. unearned rent revenue. 20. unearned subscriptions revenue.8. work in process. 21. receivables-officers (due in one year).9. copyrights. 22. inventory (finished goods).10. buildings. 23. accounts receivable.11. notes receivable (short-term). 24. bonds payable (due in 4 years).12. cash. 25. noncontrolling interest.13. salaries and wages payable. prepare a classified balance sheet in good form. (list current assets in order of liquidity. for land, treasury stock, notes payable, preferred stock investments, notes receivable, receivables-officers, inventory, bonds payable, and restricted cash, enter the account name only and do not provide the descriptive information provided in the question.)

Which of the following best describes how the federal reserve bank banks during a bank run? a. the federal reserve bank has the power to take over a private bank if customers demand too many withdrawals. b. the federal reserve bank can provide a short-term loan to banks to prevent them from running out of money. c. the federal reserve bank regulates exchanges to prevent the demand for withdrawals from rising above the required reserve ratio. d. the federal reserve bank acts as an insurance company that pays customers if their bank fails. 2b2t

Which two of the following are benefits of consumer programs

Fred smithers, a recent college graduate decided to open his own portable juice bar, smithers smoothies, to wheel around newport beach. you, a trusted friend of fred, are a business major that has also recently graduated and agreed to handle the books for a while to get some practical experience and have a favor that you can ask of fred in the future. given the following five transactions concerning the new venture, prepare the necessary journal entries for the transactions, post the journal entries to appropriate t accounts and prepare a trial balance as of the end of the month in order to answer to the necessary may 2: fred invests $12,000 of his own money to start the new company. this money was obtained from a part-time job working at a legal firm while he was in school. may 3: fred spent $5,100 cash to purchase a refrigerated trailer that he can pull behind his car and set up at the beach. under your advice, fred agrees to place the new asset under an account called "equipment." may 6: fred bought $640 of supplies on account from the flav-o-rite confectioners company. because they will last longer than a single accounting period fred agrees to record them as, "supplies" as per your suggestion. may 13: fred sat on the beach for six hours without a single sale and was feeling very down. right before he left, however, a plumber escorting his family reunion along the beach stopped by his stand and bought $800 worth of smoothies for the entire family. under your advice, fred agrees to call this cash revenue, "sales." may 15: excited about his new venture, fred withdraws $350 from the company to take his girlfriend out to dinner. what would be the balance in the cash account at the end of the period following the posting of all the transactions?