On June 1, 2019, Khalid started a business. The following were his transactions for the month. Write journal entries for the following transactions: June 1 Khalid paid capital $ 250 000 into the business bank account. June 3 Bought Machinery $ 25 000 and paid cash. June 7 Bought goods $ 5 000 on credit from Kalim Traders. June 15 Sold goods $ 3 100 on credit to Hosna. June 30 Paid $ 3 000 by cheque on account to Kalim Traders

Make or buy eastside company incurs a total cost of $120,000 in producing 10,000 units of a component needed in the assembly of its major product. the component can be purchased from an outside supplier for $11 per unit. a related cost study indicates that the total cost of the component includes fixed costs equal to 50% of the variable costs involved. a. should eastside buy the component if it cannot otherwise use the released capacity? present your answer in the form of differential analysis. use negative sign represent a net disadvantage answer; otherwise do not use negative signs with your answers. cost from outside supplier $answer variable costs avoided by purchasing answer net advantage (disadvantage) to purchase alternative $answer b. what would be your answer to requirement (a) if the released capacity could be used in a project that would generate $50,000 of contribution margin? use negative sign represent a net disadvantage answer; otherwise do not use negative signs with your answers.