1. Jan. 1 Issued 18,000 shares of common stock for $90,000 cash. 2. Jan. 3 Purchased $108,000 of office equipment by paying $9,000 cash and by signing a one-year, 10% interest-bearing note payable for the remaining balance. 3. Jan. 3 Purchased $5,400 supplies on account. Hint: Debit supplies. 4. Jan. 4 Performed $7,200 of legal services on account. 5. Jan. 6 Received a $2,700 cash deposit from a new client for legal work to commence next month. 6. Jan. 10 Paid $9,000 cash for a 12-month insurance policy. Analyze each of the above transactions and record the general journal entry for each, omitting explanations. Ignore any month-end adjusting entries.

Social computing forces companies to deal with customers as opposed to

Vintage fun reproduces oldminusfashioned style roller skates and skateboards. the annual production and sales of roller skates is 950 units, while 1,750 skateboards are produced and sold. the company has traditionally used direct labor hours to allocate its overhead to products. roller skates require 2.5 direct labor hours per unit, while skateboards require 1.25 direct labor hours per unit. the total estimated overhead for the period is $114,300. the company is looking at the possibility of changing to an activityminusbased costing system for its products. if the company used an activityminusbased costing system, it would have the following three activity cost pools: the overhead cost per skateboard using the traditional costing system would be closest to: a. $9.31. b. $65.31. c. $25.05. your answer is not correct.d.

Modern firms increasingly rely on other firms to supply goods and services instead of doing these tasks themselves. this increased level of is leading to increased emphasis on management.