Wiley hill opened hill's repairs on march 1 of the current year. during march, the following transactions occurred:

wiley invested $25,000 cash in the business in exchange for common stock.
wiley contributed $100,000 of equipment to the business in exchange for common stock.
the company paid $2,000 cash to rent office space for the month of march.
the company received $16,000 cash for repair services provided during march.
the company paid $6,200 for salaries for the month of march.
the company provided $3,000 of services to customers on account.
the company paid cash of $500 for utilities for the month of march.
the company received $3,100 cash in advance from a customer for repair services to be provided in april.
the company paid $5,000 in cash dividends.
based on this information, the total amount of stockholders’ equity reported on the balance sheet at the end of march would be:

During the first month of operations, martinson services, inc., completed the following transactions: jan 2 martinson services received $65,000 cash and issued common stock to the stockholders. 3 purchased supplies, $1,000, and equipment, $12,000, on account. 4 performed services for a customer and received cash, $5,500. 7 paid cash to acquire land, $39,000. 11 performed services for a customer and billed the customer, $4,100. martinson expects to collect within one month 16 paid for the equipment purchased january 3 on account. 17 paid for newspaper advertising, $600. 18 received partial payment from customer on account, $2,000. 22 paid the water and electricity bills, $430. 29 received $2,600 cash for servicing the heating unit of a customer. 31 paid employee salary, $2,900. 31 declared and paid dividends of $1,800. requirements 1. record each transaction in the journal. key each transaction by date. explanations are not required. 2. post the transactions to the t-accounts, using transaction dates as posting references. label the ending balance of each account bal, as shown in the chapter. 3. prepare the trial balance of martinson services, inc., at january 31 of the current year. 4. mark martinson, the manager, asks you how much in total resources the business has to work with, how much it owes, and whether january was profitable (and by how much)?

The petty cash fund has a current balance of $ 350, which is the established fund balance. based on activity in the fund, it is determined that the balance needs to be changed to $ 450. which journal entry is needed to make this change?

The wall street journal reported that over a recent five-month period, a downturn in the economy has caused endowments to decline 23%. what is the estimate of the dollar amount of the decline in the total endowments held by these 10 universities (to the nearest billion)?