Jackson Services had the following accounts and balances at December 31: Account Debit Credit
Cash $ 20,000
Accounts Receivable 6,000
Prepaid Insurance 1,500
Supplies 5,000
Accounts Payable $ 500
Common Stock 16,200
Dividends 1,000
Service Revenue 20,000
Utilities Expense 2,000
Salaries Expense 1,200
Totals $ 36,700 $ 36,700
Using the information in the table, calculate Jackson Consulting's reported net income for the period.

Evelyn would like to open a small business that is categorized as a being in the distribution industry. to do this she could open a establishment.

Saeed needs money to purchase tools, basic office supplies, parts to refurbish equipment, accounting software, and legal fees. believing saeed's business will be a success, an investor invests $5,000 to saeed open his business. in return, saeed agrees to repay the investor the $5,000 plus 17 percent of the profits of the business. calculate the return on investment for the investor if saeed's business makes $7,000 in profit as a total return of the business in its first year.

Materials purchases (on credit). direct materials used in production. direct labor paid and assigned to work in process inventory. indirect labor paid and assigned to factory overhead. overhead costs applied to work in process inventory. actual overhead costs incurred, including indirect materials. (factory rent and utilities are paid in cash.) transfer of jobs 306 and 307 to finished goods inventory. cost of goods sold for job 306. revenue from the sale of job 306. assignment of any underapplied or overapplied overhead to the cost of goods sold account. (the amount is not material.) 2. prepare journal entries for the month of april to record the above transactions.