On April 1, Larkspur, Inc. began operations. The following transactions were completed during the month.

(1) Issued common stock for $29,300 cash.
(2) Obtained a bank loan for $8,500 by issuing a note payable.
(3) Paid $13,400 cash to buy equipment.
(4) Paid $1,500 cash for April office rent.
(5) Paid $1,750 for supplies.
(6) Purchased $730 of advertising in the Daily Herald, on account.
(7) Performed services for $22,000: cash of $2,440 was received from customers, and the balance of $19,560 was billed to customers on account.
(8) Paid $490 cash dividend to stockholders.
(9) Paid the utility bill for the month, $2,440.
(10) Paid Daily Herald the amount due in transaction (6).
(11) Paid $50 of interest on the bank loan obtained in transaction (2).
(12) Paid employees’ salaries, $7,810.
(13) Received $14,640 cash from customers billed in transaction (7).
(14) Paid income tax, $1,830.

Prepare the journal entries.

Assume that all of thurmond company’s sales are credit sales. it has been the practice of thurmond company to provide for uncollectible accounts expense at the rate of one-half of one percent of net credit sales. for the year 20x1 the company had net credit sales of $2,021,000 and the allowance for doubtful accounts account had a credit balance, before adjustments, of $630 as of december 31, 20x1. during 20x2, the following selected transactions occurred: jan. 20 the account of h. scott, a deceased customer who owed $325, was determined to be uncollectible and was therefore written off. mar. 16 informed that a. nettles, a customer, had been declared bankrupt. his account for $898 was written off. apr. 23 the $906 account of j. kenney & sons was written off as uncollectible. aug. 3 wrote off as uncollectible the $750 account of clarke company. oct. 20 wrote off as uncollectible the $1,130 account of g. michael associates. oct. 27 received a check for $325 from the estate of h. scott. this amount had been written off on january 20 of the current year. dec. 20 cater company paid $7,000 of the $7,500 it owed thurmond company. since cater company was going out of business, the $500 balance it still owed was deemed uncollectible and written off. required: prepare journal entries for the december 31, 20x1, and the seven 20x2 transactions on the work sheets provided at the back of this unit. then answer questions 8 and 9 on the answer sheet. t-accounts are also provided for your use in answering these questions. 8. which one of the following entries should have been made on december 31, 20x1?

Aproduct has a demand of 4000 units per year. ordering cost is $20, and holding cost is $4 per unit per year. the cost-minimizing solution for this product is to order: ? a. 200 units per order. b. all 4000 units at one time. c. every 20 days. d. 10 times per year. e. none of the above

According to the textbook chapter, “the emotional connection of distinguishing differences and conflict”, which of the following groups of terms describes best the skills/resources that managers need when managing differences in their organization? energy, commitment, tolerance, and appreciation energy, adequate funding, tolerance, and appreciation funding, tolerance, a strong hr department, and tolerance energy, a strong hr department, patience, and strong leadership skills