Shania Shelton, the owner, invested $105,000 cash, office equipment with a value of $6,000 and $45,000 of drafting equipment to launch the business in exchange for its common stock
Imagine you are the owner of a growing technology or service company with a healthy cash flow but little in the way of property and equipment can someone help me use the information in exercise 2-4 to prepare an august 31 trial balance of the owner invested 7,500 cash and 32500 of photographyequipment in the business
You just purchased some equipment that is classified as 5-year property for MACRS. The equipment... how would the table of analysis be set up with these transactions: started business with $25,000 paid rent $2,000 purchased equipment $6,000 only paid 40% owes difference purchased food and beverage $4,000 paid 75% in cash owes difference cash sales $4,00
Schumacher Company uses the perpetual inventory system, and it engaged in the following transactions during 2012: 1) Started the business by issuing common stock for $7,500 cash 2) Paid cash to purchase $5,000 of inventory 3) Sold inventory that cost $3,
What might a small business owner do when faced with a cash crunch (shortage of cash) How does that compare to what a corporate management would do
Discuss the type of media that might be most suitable for promoting (a) tomato soup, (b) greeting cards, (c) a business component material, and (d) playground equipment
Use the following information to prepare a balance sheet and Bear Corporation had the following accounts and balances in its general ledger at December 31, 20x9: Cash $45,000 Accounts Payable $80,000 Property, Plant, & Equipment $200,000 L
How does using the software of Peachtree and QuickBooks help a small business owner improve their cash flow