During the year, the decker company experienced the following accounting transactions: 1. issued common stock in the amount of $200,000 2. paid a $60,000 cash dividend 3. borrowed $50,000 from a bank 4. made a principal payment of $5,000 on an outstanding bank loan 5. made an interest payment of $2,400 on an outstanding bank loan prepare journal entries and post your transaction analysis to the appropriate t-accounts. when posting the journal entries to the t-accounts, enter them in order. for expenses and dividends, using "retained earnings" as the account.

Luis and rosa, citizens of costa rica, moved to the united states in year 1 where they both lived and worked. in year 3, they provided the total support for their four young children (all under the age of 10). two children lived with luis and rosa in the u.s., one child lived with his aunt in mexico, and one child lived with her grandmother in costa rica. none of the children earned any income. all of the children were citizens of costa rica. the child in mexico was a resident of mexico, and the child in costa rica was a resident of costa rica. how many total exemptions (personal exemptions plus exemptions for dependents) may luis and rosa claim on their year 3 joint income tax return? a. 6 b. 5 c. 4 d. 2

3. describe the purpose of the sec. (1-4 sentences. 2.0 points)

Which plan offers a tax-free education?