During 2022, its first year of operations as a delivery service, Culver Corporation entered into the following transactions. 1. Issued shares of common stock to investors in exchange for $137,000 in cash.
2. Borrowed $44,000 by issuing bonds.
3. Purchased delivery trucks for $57,000 cash.
4. Received $14,000 from customers for services performed.
5. Purchased supplies for $4,700 on account.
6. Paid rent of $4,300.
7. Performed services on account for $11,700.
8. Paid salaries of $27,300.
9. Paid a dividend of $11,500 to shareholders.

Required:
Show the effect of each transaction on the accounting equation.

11.     before adding cream to a simmering soup, you need to a. simmer the cream. b. chill the cream. c. strain the cream through cheesecloth. d. allow the cream reach room temperature. student d   incorrect which answer is right?

To travelers know what to expect researchers collect the prices of commodities

Expert computers was started in 2018. the company experienced the following accounting events during its first year of operation: started business when it acquired $40,000 cash from the issue of common stock. purchased merchandise with a list price of $32,000 on account, terms 2/10, n/30. paid off one-half of the accounts payable balance within the discount period. sold merchandise on account for $28,000. credit terms were 1/20, n/30. the merchandise had cost expert computers $16,000. collected cash from the account receivable within the discount period. paid $2,100 cash for operating expenses. paid the balance due on accounts payable. the payment was not made within the discount period. required record the events in a horizontal statements model below. in the cash flows column, use the letters oa to designate operating activity, ia for investing activity, fa for financing activity, or nc for net change in cash. if the account is not affected by the event, leave the cell blank. the first event is recorded as an example. what is the amount of gross margin for the period? what is the net income for the period?