Prepare a post-closing the adjusted trial balance of PS Music as of July 31, 20Y5 is shown below:
PS Music
Adjusted Trial Balance
July 31, 20Y5
Account No. Debit Balances Credit Balances
Cash 11 9,945
Accounts Receivable 12 4,150
Supplies 14 275
Prepaid Insurance 15 2,475
Office Equipment 17 7,500
Accumulated Depreciation-Office Equipment 18 50
Accounts Payable 21 8,350
Wages Payable 22 140
Unearned Revenue 23 3,600
Common Stock 31 9,000
Dividends 33 1,750
Fees Earned 41 21,200
Music Expense 54 3,610
Wages Expense 50 2,940
Office Rent Expense 51 2,550
Advertising Expense 55 1,500
Equipment Rent Expense 52 1,375
Utilities Expense 53 1,215
Supplies Expense 56 925
Insurance Expense 57 225
Depreciation Expense 58 50
Miscellaneous Expense 59 1,855
42,340 42,340
a. Prepare an income statement for the two months ended July 31, 20Y5.

b. Prepare a statement of stockholders’ equity for the two months ended July 31, 20Y5. (Note: Peyton Smith made investments in PS Music on June 1 and July 1, 20Y5.) If an amount is zero, enter in a "0". If a net loss is incurred or there is a decrease in owner’s equity, enter that amount as a negative number using a minus sign.
c. Prepare a classified balance sheet as of July 31, 20Y5.

Which of the following best describes biochemical evidence that would not support the modern concept of evolution? a. a bacterium that uses inorganic materials to produce energy b. an organism that does not undergo cellular respiration c. a species of bacteria that is capable of photosynthesis d. an organism that undergoes both aerobic and anaerobic respiration

Problem 2-18 job-order costing for a service company [lo2-1, lo2-2, lo2-3]speedy auto repairs uses a job-order costing system. the company's direct materials consist of replacement parts installed in customer vehicles, and its direct labor consists of the mechanics' hourly wages. speedy's overhead costs include various items, such as the shop manager's salary, depreciation of equipment, utilities, insurance, and magazine subscriptions and refreshments for the waiting room. the company applies all of its overhead costs to jobs based on direct labor-hours. at the beginning of the year, it made the following estimates: direct labor-hours required to support estimated output 10,000fixed overhead cost $ 90,000variable overhead cost per direct labor-hour $ 1.00 required: 1. compute the predetermined overhead rate.2. during the year, mr. wilkes brought in his vehicle to replace his brakes, spark plugs, and tires. the following information was available with respect to his job: direct materials $ 600direct labor cost $ 180direct labor-hours used 2 compute mr. wilkes' total job cost. 3. if speedy establishes its selling prices using a markup percentage of 30% of its total job cost, then how much would it have charged mr. wilkes?

As a finance manager at allsports communication, charlie worries about the firm's borrowing requirements for the upcoming year. he knows the benefit of estimating allsports' cash disbursements and short-term investment expectations. facing these concerns, a(n) would provide charlie with valuable information by providing a good estimation of whether the firm will need to do short-term borrowing. capital budget cash budget operating budget line item budget