Direction: Design your own financial transaction worksheet and indicate the effect of each transaction below using the balance sheet equation. After each transaction is properly recorded, compute new subtotals for the Assets, Liabilities, and Owner’s Equity.

Studio Co

Nikkita Co, a veteran photographer, opened a studio for her professional practice on July 1 Transactions completed during the month follows:

July

1

-

Deposited P146, 200 in a bank account in the name of the business, Studio Co



2

-

Bought new photography equipment on account from Canon, Equipment, P71, 210



3

-

Invested personal photography equipment into business, P51,620.



7

-

Paid office rent for the month, P5,500



8

-

Bought photography supplies for cash, P7, 960.



15

-

Paid premium for insurance cover on photography equipment, P1, 240



16

-

Received P8,960 as professional fees for services rendered.



20

-

Paid salary of part-time assistant, P6,000



21

-

Received and paid bill for telephone service, P640



24

-

Paid Canon Equipment part of the amount owed on the purchase of photography equipment, P4,200



26

-

Received P15,480 as professional fees for service rendered



29

-

Paid for minor repairs to photography equipment, P760



31

-

Co withdrew cash for personal use, P9,600

Answers

Answer 1

Answer: What's going on.

What accounts are affected.

How are they affected

Does the balance sheet balance.

Does the analysis make sense

Explanation:


Related Questions

Is money the root of all evil?

Answers

Answer:

No

Explanation:

the lo.ve of mone.y is a root of all kinds of e.v.il” or simply “for the love of money is the root of all e.vil.” Not m.oney itself, but the love of money. That's a key dis.tin.ction. Money itself is neither good nor e.vil.

hope it helps

:DD

Money isn’t, but the desire of it is. What it drives people to do, to go to a certain extent for money is the evil in money.

how would an increasing shift in supply affect the market?

a. lower price and lower quantity

b. higher price and higher quantity

c. lower price and higher quantity

d. higher price and lower quantity

e. indeterminate

Answers

D because it’s always go be higher then others

Answer:

The answer is D, hope it helps.

Explanation:

What Does It mean When A Girl Text You She Got That Super Soaker?

Answers

aye j search tht up on urban dictionary

Taxes on products that have been deemed unsafe or undesired (alcohol and tobacco) are called.

a regressive tax
a regressive tax

an import tax
an import tax

a sin tax
a sin tax

a progressive tax

Answers

Taxes on products that have been deemed unsafe or undesired (alcohol and tobacco) are called sin tax.

What is tax?

Tax is when the government levies a certain percentage on certain goods and services. Taxes increase the price of goods and services.

Sin tax is a tax levied on goods that are deemed unsafe. Its purpose is to discourage the consumption or use of these unsafe products.

To learn more about taxes, please check: https://brainly.com/question/25311567

What is monopoly? Explain its features and classification briefly and in simple terms

Answers

Answer:

One seller dominates the market in a monopoly. 

Explanation:

Monopoly is typically viewed as the opposite of perfect competition in conventional economic analysis. Market power and price control are inherent in unregulated monopolies. Among the examples would be Microsoft and Windows, DeBeers and diamonds, and your local natural gas provider.

Prompt
What is liability?
Read More >>

Answers

Answer:

jobless

Explanation:

someone who depend on other people

What happens to PRICES during a PEAK in the Business Cycle?

Answers

The prices can use for study and others.But,you need to save carefully.

Compile a job advertisement for a receptionist vacancy.Advertisement should include the name of the business and the title of the job advertisement

Answers

Answer:

Receptionist (Full-time).

Explanation:

Phetoloportia Communications Inc. is an Engineering and ICT company focused on power distribution, disaster recovery solution, systems integration, network security, and broadband technology services. Our businesses are strongly channeled to providing reliable power, turnkey, integrated technology solutions to hotels, financial institutions, schools, oil and gas, and governmental agencies in the United States of America.

We are recruiting to fill the job position below;

Job Title: Receptionist.

Location: Miami, Florida.

Job ID: 010345

Employment Type: Full-time.

Minimum Requirements:

High School diploma, GED, or equivalent preferred.Minimum of 2 years experience. Proficient in English (oral and written). Excellent knowledge of MS-Office.

Application Closing Date:

1st of November, 2020.

How to Apply

All interested and qualified candidates should send their curriculum vitae (CV) in pdf format using the Job Title and ID as the subject of the mail e.g (Receptionist - 010345) to phetoloportiaatpci.com

Ryan is considering purchasing a used five year old hatchback with 75, 000 miles on it for $13,000. His main use would be commuting 20 miles to work each day. Which should he be most concerned about?

A) poor fuel economy

B) lack of cargo space

C) high annual depreciation

D) Factory warranty has expired

Answers

The major thing that Ryan should be worried about is the C) high annual depreciation.

Why should he be worried?

As cars are used more, they depreciate. This means that when a car is driven for more miles in a year, it depreciates more.

Ryan plans to drive about 40 miles to work and back everyday which means that in a year he would have driven thousands of miles. This will lead to a high depreciation.

In conclusion, option C is correct.

Find out more on depreciation at https://brainly.com/question/1287985.

The Temple University College of Business is seeking to purchase new monitors for its classrooms, computer labs, faculty, and staff offices. It creates a description of the project and asks suppliers to submit bids. The university identifies the top two or three suppliers who present the most competitive packages and will begin discussions with each supplier to determine which company will be awarded the contract. This is an example of the _______ method of business buying.

Answers

the online buying to see which company is offering affordable goods

Do prices INCREASE during a PEAK in the Business Cycle?

Answers

the second stage of the business cycle of the maximum limit of growth is attained is a economic indicators do not grow further and are at their highest. Prices are at their peak

Business Weekly conducted a survey of graduates from 30 top MBA programs. On the basis of the survey, assume the mean annual salary for graduates 10 years after graduation is 150000 dollars. Assume the standard deviation is 38000 dollars. Suppose you take a simple random sample of 98 graduates.

(a) Find the probability that a single randomly selected policy has a mean value between 139252 and 141171. 3 dollars.

P(139252 < X < 141171. 3) =?

(Enter your answers as numbers accurate to 4 decimal places. )

(b) Find the probability that a random sample of size n=98 has a mean value between 139252 and 141171. 3 dollars.

P(139252 < M < 141171. 3) =?

(Enter your answers as numbers accurate to 4 decimal places. )

Answers

Based on the mean annual salary and the standard deviation, the following are true:

Probability of P(139252 < X < 141171. 3) = 0.0193.Probability that random sample has P(139252 < M < 141171. 3) = 0.0081.

What is the Probability of P(139252 < X < 141171. 3)?

= P ( (139,252 - 150,000) / 38,000) < Z score < P ( (141,171.30 - 150,000) / 38,000)

= P(-0.28 < Z < -0.23)

Using Z table:

= (1 - 0.5910) - ( 1 - 0.6103)

= 0.0193

What is the Probability that random sample has P(139252 < M < 141171. 3) ?

= P ( (139,252 - 150,000) / (38,000 / √98)) < Z score < P ( (141,171.30 - 150,000) /(38,000 / √98))

= P(-2.80 < Z < -2.30)

Using Z table:

= (1 - 0.9893) - (1 - 0.9974)

= 0.0107 - 0.0026

= 0.0081

Find out more on the z table at https://brainly.com/question/6096474.

Kim delivers groceries for a living and needs to buy new tires for her car soon. which choice would be the best for her to make so without disrupting any of her other financial goals ?

Answers

The choice that would be the best for her to make so without disrupting any of her other financial goals is to buy a fairly used tire as the tire is really needed by her for her business.

What is finance goal?

People often have goals to keep their money. A good example is a Long-term financial goals.

The act of having a long-term financial goal for a lot of people is so as to saving enough money to retire and as such they keep any money they have.

Learn more about choices from

https://brainly.com/question/6947486

What things receive a Priority Level B?

Answers

Answer:

How to prioritize your tasks (and your time)

Capture everything on a Master List and then break it down by monthly, weekly, and daily goals.

Separate the urgent from the important tasks with the Eisenhower Matrix.

Rank your daily tasks by their true priority with the Ivy Lee Method.

Why is important to know your strengths and weaknesses? Do you have more strengths or weaknesses? What can you do to help improve your weaknesses? How can your strengths help you in school and help you getting a job?

Answers

It is important to know your strengths and weaknesses because it gives you the ability to know how to properly handle situations. Due to the fact that you are aware of your strengths and weaknesses you know what you’re capable of in and out of the work environment or school. I definitely believe individuals have more strengths than weaknesses. Everybody has a specific skill set, meaning they have things that they know how to do very well. To improve one’s weaknesses one could pinpoint just one thing they are struggling with and continue to work at it. For example, if one weakness is not being the most successful in math, one could put in an extra thirty minutes to an hour working on math problems. Or maybe even get a tutor. Your strengths can be helpful in school or when getting a job because it allows you to be successful at certain things. For example, if one of you’re strengths is that you’re great at communicating, you could get a customer service job easier than someone who is not strong in that area.

Knowing your weaknesses allows you to understand how you can work around them. Strengths and weaknesses are part of being self-aware. When you know your strengths and weaknesses, you can create a development strategy that focuses on your specific development needs.

My only weakness is worrying about being wrong when presenting to a broad audience. I work to improve this problem by doing more research on a particular topic. I also enhance my self-confidence by actively debating with people who don’t have the same political views. ​

Timelines show events a. In order c. Sequentially b. Chronologically d. All of these Please select the best answer from the choices provided A B C D.

Answers

Timelines show events in order,  Sequentially and Chronologically as well. Option D is correct.

What are the timelines?

A timeline is a collection of a checklist of affairs in chronological order. It is normally a graphical design delivering a lengthy bar tagged with dates corresponding to it, and usually coincident events.

The timelines are arranged in a series, do it is called the Sequentially timelines.

Timelines are frequently operated in education to support students and investigators with comprehending the order or chronology of recorded occasions and tendencies for a topic.

Therefore, option D is correct.

Learn more about the timelines, refer to:

https://brainly.com/question/26510439

Answer:

Option D: All of these

Explanation:

Timelines will show events in: order, chronologically and sequentially.

Therefore, all are correct!

Shirts are us has a clearance on overstocked merchandise. A long-sleeve V-neck top that usually sells for $36.00 is on sale for $23.00. What is the markdown?​

Answers

Answer:

13.00 and nice pfp

Explanation:

Tanya is in the business of selling rubber mats. Ralph is in the business of selling real estate. Logan is in the business of selling stocks and bonds. Article 2 of the U.C.C. governs the sale of the items sold by:

Answers

The article 2 of the UCC governs the sale of the items sold by Tanya only.

What is the article 2 of the UCC?

This is the Uniform commercial code that governs the sale of items in the United states.

Transactions in the forms of goods are the only types of items that can be applied to the code.

Read more on the Uniform commercial code here:https://brainly.com/question/15980446

whos in high school ? on here

Answers

Me it’s a bit boring

Answer:

meeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee

Explanation:

What is the government's goal when providing a company with a subsidy?
a) the government only provides subsidies to poor people.
b) to manage the control of dangerous products entering the marketplace
c) to increase their supply
d ) to manage their supply

Answers

Answer:

c) to increase their supply

Explanation:

A subsidy is an incentive or motivation from the government to private businesses or individuals. Subsidies are usually in the form of cash, tax breaks, loans, or grants. The government gives subsidies to support production in the sector it wishes to promote.

Subsidies lower the cost of production to the business. Consequently, an entity increases its production quantities and can supply the market at lower prices. Subsidies, therefore, increase supplies in the market at friendly prices.

Modification of a company's business model to accommodate the unique local circumstances of developing countries is best exemplified by

Answers

The modification of a company's business model is exemplified by Dell moving it's traditional internet based orders to orders over phone and fax.

What is a business model?

A business model simply means the plan of a company regarding profit making.

In this case, the modification of a company's business model to accommodate the unique local circumstances of developing countries is best exemplified by Dell moving it's traditional internet based orders to orders over phone and fax.

Learn more about business model on:

https://brainly.com/question/24448358

Skilled workers who cannot find desired higher paid jobs may choose to work in positions which require fewer skills and that are therefore lower paid. Firms who are pessimistic about the future may hire part-time workers instead of full-time workers. As a result, workers who would rather work full-time may only be able to secure part-time positions. These two situations are examples of .

Answers

When a skilled worker cannot find a higher-paid job but choose to work in positions requiring fewer skills with lower pay or a worker who would rather work full-time cannot secure such positions but secure only part-time positions, the situations are examples of underemployment.

What is underemployment?

Underemployment exists when workers do not get the positions that they have skills for but only get jobs requiring lower skills.

Underemployment can also exist when, for example, an engineer works as a customer service officer with less pay.  Another example is when a graduate works in a part-time role when she desires a full-time job.

Thus, these two scenarios describe examples of underemployment.

Learn more about underemployment at https://brainly.com/question/13280244

If a company purchased 10,000 shares of treasury stock for $50 and subsequently sold 3,000 of those shares for $56, what is the remaining treasury stock balance after these transactions

Answers

Compared purchase 10,000 shares $ 50
$10,000 shares $56 would be 11,200 shares

11,200 shares -3,000 shares = 8,200 shares

Theo buys 500 shares of a KO for the lofty dividend. If KO pays a dividend of $1.20/share 4 times a year, how much are the dividend payments worth for the year?

Answers

Answer:

$2,400.00

Explanation:

The dividends per year will be dividends per share per year multiplied by 500.

Dividend per share per year

=$1.20x 4

=$4.80

Per year dividends will be worth

=$4.80 x 500

=$2,400.00

Cost allocation of an intangible asset is referred to as.

Answers

Answer:

cost allocation of intangible assets is called amortization.

Explanation:

cost allocation of intangible assets is called amortization.

A small business named BigBikes, Inc. has hired you to evaluate their wireless network security practices. As you analyze their facility, you note the following:________.
• They use an 802.11a wireless network.
• The wireless network SSID is set to BWLAN.
• The wireless network is not broadcasting the network SSID.
• The wireless network uses WPA2 with AES security.
• Omnidirectional access points are positioned around the periphery of the building.
Which of the following would you MOST likely recommend your client do to increase their wireless network security?
A. Enable SSID broadcast.
B. Change the SSID to something similar to BigBikeInc.
C. Configure the wireless network to use WEP security.
D. Implement directional access points.

Answers

Answer:

Implement directional access points.

Explanation:

Will give brainliest! Please help, it doesn't have to be long either.

#1 Title page. Your research paper must include a title page. Include the career title, your name, and the date on separate lines centered both vertically and horizontally on the page.

#2 Introduction. Introduce the career providing a description of the career being researched.

#3 Tasks. Describe five tasks performed in this career.

#4 Skills. Describe five skills employees must have to perform the tasks of this career.

#5 High school preparatory courses. Describe five high school courses that might prepare you for employment in this career.

#6 Educational preparation Describe any or all education beyond high school graduation required to acquire this career.

#7 Tools. Describe five tools employees use while performing the tasks of this career.

#8 Employment attire. Describe how employees would dress when employed in this career, including any required safety clothing even if the safety equipment is worn only occasionally.

#9 Employment hazards. Describe any potential workplace hazards in this career.

#10 Personal aptitudes. Describe five personal aptitudes that would be beneficial to be employed in this career.

#11 Workplace environment. Describe the workplace environment typical for this career. Include employment-related travel if required in this career.

#12 Salary and employment statistics. Report estimated annual salary, number of individuals employed in this career in 2008, and projected employment in this career for 2018.

#13 Closing statement. Include information that you discovered while researching the career. Identify both positive and challenging characteristics of the career.

Answers

my cousin is a pharmacist

pharmacist

a pharmacist prepares medicine for patients given by doctors

5 tasks

pharmacists:

1. count pills

2.prepare liquid medicines/solutions

3.often run a pharmacy store like walgreens/cvs like do accounting from the cash register/accounting books

4.often help patients talking to insurance companies, doctors and drug companies should there ever be a problem with the medicine

5.have knowledge of medicine like which medicines cant hurt people with certain diseases

High school preparatory courses: biology, chemistry, anatomy, math, english

education beyond high school graduation: pharmacists have to go to colleges that offer a pharmacy bachelors degree like st johns and long island university

Employment attire: they wear a white lab coat. sometimes gloves

Employment hazard: mixing wrong chemicals by accident can cause damage to the health

Personal aptitudes: patience (especially when dealing with old and child patients), diligence ( they often open early and close late) , detail oriented (money counted has to match money in the accounting books and cash register), they have to be in good shape because they often have to stand , professionalism ( they are counted by doctors and patients to do the job right)

Workplace environment: they usually work in a pharmacy or a big store like cvs. theyre workplace is elevated, secure and often in the back of the store

Salary : many pharmacists make 80,000 a year

positives: helping people

challenging : often have to be on your feet

True or false: The main purpose of managerial accounting is to provide general-purpose financial statements. True false question. True False

Answers

Answer:

I believe your answer is False, the main purpose is NOT to provide general-purpose financial statements.

Explanation:

Universal Travel, Inc. borrowed $500,000 on November 1, 2015, and signed a twelve-month note bearing interest at 6%. Principal and interest are payable in full at maturity on October 31, 2016. In connection with this note, Universal Travel, Inc. should record interest payable in 2016 in the amount of:

Answers

Answer: 30000

Explanation: 6 % of 500,000 is 30000

When a business answers the question of where to compete, it is determining ___. Multiple choice question. corporate strategy business strategy a marketing plan differentiation

Answers

In a situation where a business answers the question of where to compete, it is determining: Corporate strategy.

What is Corporate strategy?

Corporate strategy can be defined as the plan put in place so as to achieve the strategic set goal.

Most companies or organizations tend to make use of corporate strategy so as to create a selling plan advantage that will enables them to increase their sales thereby generating more revenue.

Inconclusion In a situation where a business answers the question of where to compete, it is determining: Corporate strategy.

Learn more about Corporate strategy here:https://brainly.com/question/26865735

Other Questions
Which kingdom has members that lack major organelles such as endoplasmic reticulum, mitochondria and Golgi bodies?A) BacteriaB) ProtistC) FungiD) Plantae Answer the following questions about pencil drawing:- When were pencils first used?- What is graphite?- What is an HB pencil?- What happens when the H# is increased? What is the momentum of a car with amass of 1000 kg traveling at the speed of 2 m/s? The football "huddle" is an example of one wayGroup of answer choicesaccommodations are often made for the deaf in the hearing worldchanges for the Deaf community have occurred over the yearsmodifications for the Deaf community are sometimes resistedthe Deaf community has impacted traditions in the hearing world CASE 532 Break-Even Analysis for Individual Products in a Multiproduct Company LO55, LO59Cheryl Montoya picked up the phone and called her boss, Wes Chan, the vice president of marketing at Piedmont Fasteners Corporation: Wes, Im not sure how to go about answering the questionsthat came up at the meeting with the president yesterday.Whats the problem?The president wanted to know the break-even point for each of the companys products, but I am having trouble figuring them out.Im sure you can handle it, Cheryl. And, by the way, I need your analysis on my desk tomorrow morning at 8:00 sharp in time for the follow-up meeting at 9:00.Piedmont Fasteners Corporation makes three different clothing fasteners in its manufacturing facility in North Carolina. Data concerning these products appear below: Velcro Metal NylonAnnual sales volume 100,000 200,000 400,000Unit selling price $1.65 $1.50 $0.85Variable expense per unit $1.25 $0.70 $0.25Total fixed expenses are $400,000 per year.All three products are sold in highly competitive markets, so the company is unable to raise prices without losing an unacceptable numbers of customers.The company has an extremely effective lean production system, so there are no beginning or ending work in process or finished goods inventories.Required:1. What is the companys over-all break-even point in dollar sales?2. Of the total fixed expenses of $400,000, $20,000 could be avoided if the Velcro product is dropped, $80,000 if the Metal product is dropped, and $60,000 if the Nylon product is dropped. The remaining fixed expenses of $240,000 consist of common fixed expenses such as administrative salaries and rent on the factory building that could be avoided only by going out of business entirely.a. What is the break-even point in unit sales for each product?b. If the company sells exactly the break-even quantity of each product, what will be the overall profit of the company? Explain this result. AB is a chord of a circle of radius 5cm the distance of AB from the centre is 3cm then AB is? A salute of hydrochloric acid has a molarity of 4.0m HCL. if a reaction requires 0.73 g of HCl what volume of the solution should be used? Based on these lines, which statement is true?Read the dialogue between Romeo and Mercutio foundin Act I, scene iv of Romeo and Juliet.Romeo: Give me a torch: I am not for this ambling;Being but heavy, I will bear the light.Mercutio: Nay, gentle Romeo, we must have you dance.Romeo: Not I believe me: you have dancing shoesWith nimble soles; I have a soul of leadSo stakes me to the ground I cannot move.Romeo is unhappy, and Mercutio is upbeat.O Romeo is upbeat, and Mercutio is unhappy.Romeo is nervous, and Mercutio is brave.O Romeo is brave, and Mercutio is nervous. Then, in a well-written essay, analyze how the choices and actions Wharton assigns to Delia convey Delias complex character What two policies practiced by the British led to increased anger in the colonies? A mixture where one substance dissolves in another is called:A) mixtureB) pure substanceC) solutionD) group Maria ran 4 7/8 miles on Monday she ran 2 and 3/8 miles on Friday how many miles to Maria run all together Complete the sentence with the correct article. Veux-tu (some) _____ soupe? (f.) O du O de la O de l' O des O de O d' Scott and several members of the city council are voting on a new ordinance. Scott reminds the council that a citizen cannot be incarcerated for breaking a local ordinance unless the offense also violates state law. Instead, the offender will likely be fined, placed on probation, or given community service as punishment for their behavior. Which is an example of an ordinance that the council might put in place?Residents are not allowed to steal items from stores.Residents are not allowed to play loud music before 6 am.Residents are not allowed to carry a firearm into a school.Residents are not allowed to break into or burglarize homes. Daneesha is the head chef at a restaurant. She combines the olive oil from three equal-sized bottles. One bottle is 2/3 full. Another bottle is 1/2 full. The third bottle is 1/3 full. What is the total amount of olive oil Daneesha combines? What is the connotative meaning of fire?mindlessness, obedienceloneliness, isolationanger, hatred, passionmalnourishment, unhealthiness A bag contains some red, blue, and green marbles. 30% of the marbles are blue and 40% of the marbles are green If there are a total of 150 marbles in the bag how many marbles are red? My nephew is in hospital for epilepsy and my mum will not stop crying so what's your advice on what to do? Cammie received 100 NQOs (each option provides a right to purchase 10 shares of MNL stock for $10 per share). She started working for MNL Corporation four years ago (5/1/Y1) when MNLs stock price was $8 per share. Now (8/15/Y5) that MNLs stock price is $40 per share, she intends to exercise all of her options. After acquiring the 1,000 MNL shares with her stock options, she held the shares for over one year and sold (on 10/1/Y6) them at $60 per share. Required:a. What are Cammie's taxes due on the grant date (5/1/ Y 1), exercise date (8/15/Y5) , and sale date (10/1/Y6), assuming her ordinary marginal rate is 30 percent and her long-term capital gains rate is 15 percent? b. What are MNL Corporation's tax savings on grant date (5/1/Y6), exercise date (8/15/Y5), and sale date (10/1/Y6), assuming its marginal tax rate is 35 percent? c. Complete Cammie's Form 8949 and Schedule D for the year of sale. Also assume that the sale transaction of the MNL Corporation stock was not reported to Cammie on a Form 1099-8. do you think you can answer this?