Ed has a summer beach cottage that he has owned (or many years the cottage is valued at $125 000 this year ed spends $350 on paint and $500 on trees and then paints the exterior of the cottage and plants the trees himself. if he had hired a professional painter it would have cost $1 100 to paint the cottage (not including the cost of paint) and if he had hired a professional landscaper it would have cost $450 (not inciting the cost of the trees) to do the planting how much does eds improvements to the cottage add to gdp this year? the increase in gdp would be if ed had hired the painter and the landscaper how would ed's improvements to the cottage have added to gop this year? the increase in gdp would be

For each separate case below, follow the 3-step process for adjusting the prepaid asset account at december 31. step 1: determine what the current account balance equals. step 2: determine what the current account balance should equal. step 3: record the december 31 adjusting entry to get from step 1 to step 2. assume no other adjusting entries are made during the year. a. prepaid insurance. the prepaid insurance account has a $4,700 debit balance to start the year. a re- view of insurance policies and payments shows that $900 of unexpired insurance remains at year-end. b. prepaid insurance. the prepaid insurance account has a $5,890 debit balance at the start of the year. a review of insurance policies and payments shows $1,040 of insurance has expired by year-end. c.prepaidrent.onseptember1ofthecurrentyear,thecompanyprepaid$24,000 for 2 years of rentfor facilities being occupied that day. the company debited prepaid rent and credited cash for $24,000.

Emily spent her summer vacation in buenos aires, argentina, where she got plastic surgery for a fraction of what it would cost in the united states. this is an example of:

In january, knox company requisitions raw materials for production as follows: job 1 $915, job 2 $1,590, job 3 $771, and general factory use $704. during january, time tickets show that the factory labor of $6,300 was used as follows: job 1 $2,344, job 2 $1,711, job 3 $1,554, and general factory use $691. prepare the job cost sheets for each of the three jobs.