Show workout of Double Entry Instruction: Write up the asset, capital and liability accounts in the books of D. Scott to record the following transactions. 2015 1 June Started firm with $17,000 in cash. 2 June Paid $15,500 of the opening cash into the firm’s bank account. 3 June Bought equipment on credit from Delta Supply Ltd. for $750. 4 June Bought a motor truck, paying by cheque $5,200. 7 June Bought another motor truck on credit from P. A. J. Motors Ltd for $1,800. 10 June Took $600 out of the bank and paid into the cash account. 12 June Bought machinery paying by cheque $1,500. 15 June Paid the amount owing to Delta Supply Ltd $750 from bank. 21 June Paid P. A. J. Motors Ltd by cheque the amount owing.

Below are the steps in the measurement process of external transactions. arrange them from first (1) to last (6). event step post transactions to the general ledger. assess whether the transaction results in a debit or credit to account balances. use source documents to identify accounts affected by an external transaction. analyze the impact of the transaction on the accounting equation. prepare a trial balance. record the transaction in a journal using debits and credits.

Sarah is an accountant with desires to open her own business. she is looking for office space at a reasonable rate along with internet service. of the conditions that need to be put in place for the entrepreneurial ecosystem, she needs

P8-4b dropping unfavorable division based on the following analysis of last year's operations of groves, inc., a financial vice president of the company believes that the firm's total net income could be increased by $160,000 if its design division were discontinued. (amounts are given in the thousands of dollars.) required provide answers for each of the following independent situations: a. assuming that total fixed costs and expenses would not be affected by discontinuing the design division, prepare an analysis showing why you agree or disagree with the vice president. b. assume that the discontinuance of the design division will enable the company to avoid 30% of the fixed portion of cost of services and 40% of the fixed operating expenses allocated to the design division. calculate the resulting effect on net income. c. assume that in addition to the cost avoidance in requirement (b), the capacity released by discontinuance of the design division can be used to provide 6,000 new services that would have a variable cost per service of $60 and would require additional fixed costs totaling $68,000. at what unit price must the new service be sold if groves is to increase its total net income by $180,000?