Consider the following transactions.
1. Receive cash from customers, $16,300.
2. Pay cash for employee salaries, $10,300.
3. Pay cash for rent, $4,300.
4. Receive cash from sale of equipment, $9,300.
5. Pay cash for utilities, $2,300.
6. Receive cash from a bank loan, $5,300.
7. Pay cash for advertising, $8,300.
8. Purchase supplies on account, $4,300.
Post transactions to the Cash T-account and calculate the ending balance.

Answer the following questions using the information below: southwestern college is planning to hold a fund raising banquet at one of the local country clubs. it has two options for the banquet: option one: crestview country club a. fixed rental cost of $1,000 b. $12 per person for food option two: tallgrass country club a. fixed rental cost of $3,000 b. $8.00 per person for food southwestern college has budgeted $1,800 for administrative and marketing expenses. it plans to hire a band which will cost another $800. tickets are expected to be $30 per person. local business supporters will donate any other items required for the event. which option has the lowest breakeven point?

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Amethod of allocating merchandise cost that assumes the first merchandise bought was the first merchandise sold is called the a. last-in, first-out method. b. first-in, first-out method. c. specific identification method. d. average cost method.