Starbooks Corporation provides an online bookstore for electronic books. The following is a simplified list of accounts and amounts reported in its accounting records. The accounts have a normal debit or credit balances. Assume the year ended on September 30, 2018.

Accounts Payable $603
Accounts Receivable 303
Accumulated Depreciation 903
Cash 303
Common Stock 203
Deferred Revenue 203
Depreciation Expense 303
Equipment 3,203
Income Tax Expense 303
Interest Revenue 103
Notes Payable (long-term) 203
Notes Payable (short-term) 503
Prepaid Rent 103
Rent Expense 403
Retained Earnings 1,503
Salaries and Wages Expense 2,203
Service Revenue 6,209
Supplies 503
Supplies Expense 203
Travel Expense 2,603
Required:

1-a. Prepare and adjusted trial balance on September 30, 2018.

2-b. Is the Retained Earnings balance of $1,503 the amount that would be reported on the balance sheet as of September 30, 2018?

Bridgeport company began operations at the beginning of 2018. the following information pertains to this company. 1. pretax financial income for 2018 is $115,000. 2. the tax rate enacted for 2018 and future years is 40%. 3. differences between the 2018 income statement and tax return are listed below: (a) warranty expense accrued for financial reporting purposes amounts to $7,500. warranty deductions per the tax return amount to $2,200. (b) gross profit on construction contracts using the percentage-of-completion method per books amounts to $94,700. gross profit on construction contracts for tax purposes amounts to $67,100. (c) depreciation of property, plant, and equipment for financial reporting purposes amounts to $61,800. depreciation of these assets amounts to $75,700 for the tax return. (d) a $3,600 fine paid for violation of pollution laws was deducted in computing pretax financial income. (e) interest revenue recognized on an investment in tax-exempt municipal bonds amounts to $1,500. 4. taxable income is expected for the next few years. (assume (a) is short-term in nature; assume (b) and (c) are long-term in nature.) (a) prepare the reconciliation schedule for 2017 and future years. (b) prepare the journal entry to record income tax expense for 2017. (c) prepare the income tax expense section of the income statement beginning with “income before income taxes.” (d) determine how the deferred taxes will appear on the balance sheet at the end of 2017.

Which of the following would cause a shift to the right of the supply curve for gasoline? i. a large increase in the price of public transportation. ii. a large decrease in the price of automobiles. iii. a large reduction in the costs of producing gasoline

When many scrum teams are working on the same product, should all of their increments be integrated every sprint?