Use the horizontal model, or write the journal entry, for each of the following transactions and adjustments that occurred during the first year of operations at kissick co. issued 220,000 shares of $6-par-value common stock for $1,320,000 in cash. borrowed $520,000 from oglesby national bank and signed a 10% note due in two years. incurred and paid $410,000 in salaries for the year. purchased $680,000 of merchandise inventory on account during the year. sold inventory costing $640,000 for a total of $930,000, all on credit. paid rent of $330,000 on the sales facilities during the first 11 months of the year. purchased $160,000 of store equipment, paying $51,000 in cash and agreeing to pay the difference within 90 days. paid the entire $109,000 owed for store equipment and $590,000 of the amount due to suppliers for credit purchases previously recorded. incurred and paid utilities expense of $38,000 during the year. collected $865,000 in cash from customers during the year for credit sales previously recorded. at year-end, accrued $52,000 of interest on the note due to oglesby national bank. at year-end, accrued $30,000 of past-due december rent on the sales facilities. required: record each transaction in the appropriate columns. indicate the financial statement effect.

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Manipulation manufacturing's (amm) standards anticipate that there will be 5 pounds of raw material used for every unit of finished goods produced. amm began the month of maymay with 8,000 pounds of raw material, purchased 25,500 pounds for $ 15,300 and ended the month with 7,400 pounds on hand. the company produced 4,9004,900 units of finished goods. the company estimates standard costs at $ 1.10 per pound. the materials price and efficiency variances for the month of maymay were:

Selected t-account balances for bloomfield company are shown below as of january 31, which reflect its accounting adjustments. the firm uses a calendar-year accounting period, but prepares monthly accounting adjustments.suppliesjan. 31 bal. 1,800 1,800 jan. 31 bal.supplies expensejan. 31 bal. 1,920 1,148 jan. 31 bal.prepaid insurancejan. 31 bal. 1,148 1,148 jan. 31 bal.insurance expensejan. 31 bal. 164 164 jan. 31 bal.wages payablejan. 31 bal. 1,400 1,400 jan. 31 bal.wages expensejan. 31 bal. 6,400 6,400 jan. 31 bal.truckjan. 31 bal. 17,376 17,376 jan. 31 bal.accumulated depreciation -truckjan. 31 bal. 5,068 5,068 jan. 31 bal.a. if the amount in supplies expense represents the january 31 adjustment for the supplies used in january, and $1,240 worth of supplies were purchased during january, what was the january 1 beginning balance of supplies? $answerb. the amount in the insurance expense account represents the adjustment made at january 31 for january insurance expense. if the original insurance premium was for one year, what was the amount of the premium, and on what date did the insurance policy start? amount of the premium $answerthe policy began on answerjune 1july 1august 1september 1october 1november 1 of the previous year.c. if we assume that no beginning balance existed in either in either wage payable or wage expense on january 1, how much cash was paid as wages during january? $answerd. if the truck has a useful life of four years (or 48 months), what is the monthly amount of depreciation expense, and how many months has bloomfield owned the truck? answermonths