The Campbell Company began operations on January 1, Year 1 and on that date issued $60,000 of common stock for cash. In addition, the company borrowed $40,000 from the bank. It provided services to its customers during Year 1 and received $72,000 cash. During the year, it paid $80,000 cash for land, $50,000 for salaries, and $10,000 in cash dividends to the owners.Required: 1) Show the effects of the above transactions on the accounting equation. (Start by using appropriate element and account headings). Enter a "0" if a transaction does not affect a given account. 2) Prepare an income statement and a balance sheet for the Year 1 accounting period.
What will be an ideal response?
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List at least three types of materials commonly included in appendices
What will be an ideal response?
Hamming code can
a. detect and correct all errors at the receiving end b. detect all errors and request retransmission c. detect and correct all single bit errors at the receiving end d. none of the above
Stopher Incorporated makes a single product-a cooling coil used in commercial refrigerators. The company has a standard cost system in which it applies overhead to this product based on the standard machine-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Budgeted variable manufacturing overhead$45,220 Budgeted production (a) 20,000units Standard hours per unit (b) 1.90machine-hours Budgeted hours (a) × (b) 38,000machine-hours Actual production (a) 21,000units Standard hours per unit (b) 1.90machine-hours Standard hours allowed for the actual production (a) × (b) 39,900machine-hours Actual variable manufacturing overhead$66,789 Actual hours 36,900machine-hours ?The variable
component of the predetermined overhead rate is closest to: A. $1.67 per machine-hour B. $1.76 per machine-hour C. $1.81 per machine-hour D. $1.19 per machine-hour
What is the term used for the capability of a technology to recover in the event of error, failure, or some other unexpected event that disrupts smooth organizational communications?
A) backup plan B) emergency protocol C) backplan D) fault tolerance