On april 1, marin inc. began operations. the following transactions were completed during the month. 1. issued common stock for $18,700 cash. 2. obtained a bank loan for $5,500 by issuing a note payable. 3. paid $8,600 cash to buy equipment. 4. paid $900 cash for april office rent. 5. paid $1,150 for supplies. 6. purchased $470 of advertising in the daily herald, on account. 7. performed services for $14,000: cash of $1,560 was received from customers, and the balance of $12,440 was billed to customers on account. 8. paid $310 dividend to stockholders. 9. paid the utility bill for the month, $1,560. 10. paid daily herald the amount due in transaction (6). 11. paid $30 of interest on the bank loan obtained in transaction (2). 12. paid employees’ salaries, $4,990. 13. received $9,360 cash from customers billed in transaction (7). 14. paid income tax, $1,170. jurnalize the transactions.

At which stage would you introduce your product to the market at large? a. development stage b. market testing stage c. commercialization stage d. ideation stage

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.

Careers in designing, planning, managing, building and maintaining the built environment can be found in the following career cluster: a. agriculture, food & natural resources b. architecture & construction c. arts, audio-video technology & communications d. business, management & administration