Angry birds, inc. designs and builds retaining walls for individual customers. on august 1, 2 jobs were in process: level 1 with a beginning balance of $12,000 and level 2 with a beginning balance of $8,600. during august, level 3 and level 4 were started. levels 1 and 2 were sold at cost plus 30% during august. all other jobs remained in process at month end. the company applies manufacturing overhead at a rate of $11 per direct labor hour. direct labor wages average $12 per hour. the following additional cost information is available for august: level 1 level 2 level 3 level 4 direct materials $1,200 $8,000 $2,100 $3,000 direct labor $1,800 $4,800 $360 $1,200 the sales staff is paid a 2% commission on all sales for the period. the company closes out the total over/underapplied manufacturing overhead to cost of goods sold at the end of each month. calculate the following given actual moh of $8,200 incurred during august. the amount of moh applied to all jobs in process during august equals $ nothing. the adjusted cogs reported on the income statement for august equals $ nothing. the gross profit reported on the income statement for august equals $ nothing. the ending work in process balance reported on the balance sheet for august equals $ nothing. round final answers to the nearest dollar.

Following are the transactions for valdez services. the company paid $2,000 cash for payment on a 6-month-old account payable for office supplies. the company paid $1,200 cash for the just completed two-week salary of the receptionist. the company paid $39,000 cash for equipment purchased. the company paid $800 cash for this month’s utilities. the company paid $4,500 cash in dividends to the owner (sole shareholder). examine the above transactions and identify those that create expenses for valdez services. prepare general journal entries to record those transactions that created expenses in the above given order.

Assume that all of thurmond company’s sales are credit sales. it has been the practice of thurmond company to provide for uncollectible accounts expense at the rate of one-half of one percent of net credit sales. for the year 20x1 the company had net credit sales of $2,021,000 and the allowance for doubtful accounts account had a credit balance, before adjustments, of $630 as of december 31, 20x1. during 20x2, the following selected transactions occurred: jan. 20 the account of h. scott, a deceased customer who owed $325, was determined to be uncollectible and was therefore written off. mar. 16 informed that a. nettles, a customer, had been declared bankrupt. his account for $898 was written off. apr. 23 the $906 account of j. kenney & sons was written off as uncollectible. aug. 3 wrote off as uncollectible the $750 account of clarke company. oct. 20 wrote off as uncollectible the $1,130 account of g. michael associates. oct. 27 received a check for $325 from the estate of h. scott. this amount had been written off on january 20 of the current year. dec. 20 cater company paid $7,000 of the $7,500 it owed thurmond company. since cater company was going out of business, the $500 balance it still owed was deemed uncollectible and written off. required: prepare journal entries for the december 31, 20x1, and the seven 20x2 transactions on the work sheets provided at the back of this unit. then answer questions 8 and 9 on the answer sheet. t-accounts are also provided for your use in answering these questions. 8. which one of the following entries should have been made on december 31, 20x1?

Microsoft's stock price peaked at 6118% of its ipo price more than 13 years after the ipo suppose that $10,000 invested in microsoft at its ipo price had been worth $600,000 (6000% of the ipo price) after exactly 13 years. what interest rate, compounded annually, does this represent? (round your answer to two decimal places.)