Preview

Marion boat

Satisfactory Essays
Open Document
Open Document
398 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Marion boat
Table 1
Marion Boats, Inc
Assets
Cash and
Cash
Equvalents

Liabilities
Cash
Receivable

Inventories and boat’s cost Property,
Plant

Building

Trad-in assets Account receivable Accounts
Payable

Owner’s Equities
Wages and
Salary

Bank Loan and other loans Accrued
Interest
Payable

Other

Share Holders’ equity $72000
$20000

$91200.00

Paid in
Capital

$800(expense)

$48000.00
$40000.00

$48000(expense)
$40000.00

-$32000.00

$32000.00
$40000.00

$40000.00
$9000.00

$40000.00

$40000.00

-$40000.00
February

$9000(expense)

$40000.00

-$40000.00

$40000.00

$112000.00

$58000.00

$54800.00

-$54800.00

-$153000.00

$13600.00

$183000(revenue)

$153000.00
-$153000.00

-$60000.00

$153000(expense)

$60000.00

-$2400.00

$2400(expense)

-$2600.00

$2600(expense)
$2000.00

-$42000.00
TOTAL

-$34000.00

$2000(interest expense) -$40000.00
$140000.00

$112800.00

$13600.00
$292600.00

$48000.00
$209000.00

$40000.00

$7000.00

$92000.00

$22000.00

Journal Entries

Date

Event

Transaction

October

Lawyer Services

$800(expense)

October 1,2005

Paid in Capital

$72000(cash) 1800 shares
(Fred)

October 1,2005

Paid in Capital

$20000(cash) 500 shares (Bill)

Hint: Actual cash received
$91200

Hint: Each year, don't know when exactly $24000 x 2 salaries November 1,2005

Property

$40000 (bank loan)
(company’s money)

$32000

November 1,2005

Property Cleaning

$9000 (payment May 31,2006)

December 1,2005

Loan

$40000 (Sports Boat, loan)

Hint: Fred deposited it to bank account, so it has been cash and loan

December 1,2005

Construction

$140000 (Holmes Brother
Cons.Company)

Hint: Payments are planned to be in Jan, Feb, Mar; as
$40,$40 and $60000.

January 1, 2006

Payments

$40000 (Building payment)

February 1, 2006

Payments

$40000 (Building

You May Also Find These Documents Helpful

  • Good Essays

    Narragansett Yacht Company

    • 1780 Words
    • 8 Pages

    1. What is the economic order quantity for standard 5-inch winches if they are ordered from (a) Supplier A, and (b) Supplier B? Round your answers up to the next whole unit, because Narragansett cannot order a fraction of a winch.…

    • 1780 Words
    • 8 Pages
    Good Essays
  • Satisfactory Essays

    Narragansett Yacht

    • 483 Words
    • 2 Pages

    1. What is the economic ordering quantity for standard 5-inch winches if they are ordered…

    • 483 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Hardin Lifeboat Summary

    • 175 Words
    • 1 Page

    Hardin use an analogy, supplemented by appeal to both logos and pathos, to make his argument. The author describes a lifeboat with limited spots to demonstrate the need for foreign aid. Hardin effectively uses pathos in the passage to appeal to the reader’s sense of responsibility. He makes the reader feel guilty for choosing one person and not the other person. In the analogy that the author makes about the lifeboat, he also uses logos to appeal to the reader’s sense logic. He states that “[c]omplete justice, complete catastrophe” (Hardin 543). Complete justice would be to let everyone on the boat, however, letting everyone on the boat will lead to complete catastrophe because the boat will sink if too many people are on the boat. This appeal…

    • 175 Words
    • 1 Page
    Good Essays
  • Good Essays

    USS Maine

    • 748 Words
    • 2 Pages

    The U.S.S. Maine was built in 1883 to serve as a small naval battleship. The Maine was commissioned on September seventeenth 1895 under the command of Arent S. Crownshield. The Maine anchored in Newport, Rhode Island until Charles Sigsbee relieved Crownshield as commissioner of the the Maine. In January 1898 the Maine was sent from Key West, Florida, to Havana, Cuba, to protect the U.S. from early conflicts between Cuba, Spain, and the United States. Three weeks later, an explosion occurred on board the Maine. The Maine sunk and hundreds of men on board died. This caused outrage and was ultimately thought to be the reason that the Americans declared war on Spain. The explosion of the U.S.S. Maine was not a fair reason to start a war due to the fact that it was a secondary battle ship and the spanish did not sink the Main.…

    • 748 Words
    • 2 Pages
    Good Essays
  • Good Essays

    The Uss Florida

    • 718 Words
    • 3 Pages

    The atmosphere in a Trident nuclear submarine is generally calm and quiet. Even pipe joints are cushioned to prevent noise that might tip off a pursuer. The Trident ranks among the world’s most dangerous weapons—swift, silent, armed with 24 long-range missiles carrying 192 nuclear warheads. Trident crews are the cream of the Navy crop, and even the sailors who fix the plumbing exhibit a white-collar decorum. The culture aboard ship is a low-key, collegial one in which sailors learn to speak softly and share close quarters with an ever-changing roster of shipmates. Being subject to strict security restrictions enhances a sense of elitism and pride. To move up and take charge of a Trident submarine is an extraordinary feat in the Navy—fewer than half the officers qualified for such commands ever get them. When Michael Alfonso took charge of the USS Florida, the crew welcomed his arrival. They knew he was one of them—a career Navy man who joined up as a teenager and moved up through the ranks. Past shipmates remembered him as basically a loner, who could be brusque but generally pleasant enough. Neighbors on shore found Alfonso to be an unfailingly polite man who kept mostly to himself.…

    • 718 Words
    • 3 Pages
    Good Essays
  • Good Essays

    “Everything in life can teach you a lesson, you just have to be willing to observe and learn” -Ritu Ghatourey. Everyone learns crucial life lessons in their lives through various aspects of life around them, whether they realize it or not. Learning these lessons is a crucial part of losing one’s simple, childlike way of life. Throughout the novel To Kill A Mockingbird Jem and Scout lose their innocence through numerous life lessons they learn. One way in which they learn these lessons is through their personal experiences. Another way is through their personal discoveries caused by their maturity. Finally, they learn life lessons that cause them to lose their innocence through events they observe.…

    • 825 Words
    • 4 Pages
    Good Essays
  • Better Essays

    The Boat Nam Le

    • 1409 Words
    • 6 Pages

    “Change is part of the human condition and affects myself, others and the world in diverse and complex ways.”…

    • 1409 Words
    • 6 Pages
    Better Essays
  • Good Essays

    American Dream Boat

    • 608 Words
    • 3 Pages

    In the essay “American Dream Boat” by K.Oanh Ha, the author says that intercultural relationships are generally a good thing as long as the families of both partners compromise. Ha, was a Vietnamese girl who came to America with the “Boat People” when she was six years old. She then changed her name to Kristine and became Americanized. In college, she met a Caucasian American named Scott. They fell in love and got engaged. She decided to visit Vietnam to reconnect to her roots, but while she was there, her grandmother passed away. According to Vietnamese tradition, Ha couldn’t get married during the mourning period, which was three years. However, Ha and Scott’s family decided to compromise. Scott’s family brought traditional gifts in order to fulfill the traditions of a Vietnamese wedding ceremony while Ha’s family decided to let her get married without having to wait three years. I believe that intercultural relationships like Ha’s are generally a good thing as long as the families accept and respect each other’s culture and traditions.…

    • 608 Words
    • 3 Pages
    Good Essays
  • Good Essays

    The Boat

    • 446 Words
    • 2 Pages

    In “The Boat” by Alistair Macleod, the boat, and the ill-fitting clothes he wore significantly represent the confinement and the father’s inability to break free from tradition, reinforcing that tradition can suppress one’s dream for greater things. To begin, the boat itself is a symbol of the fathers bounding to the sea, showing his obligation to follow customs. The boat is categorize with a “marine clutch and a high speed reverse gear and was painted on an oblong plate across her stern. Jenny Lynn had been my mother’s maiden name and the boat was called after her as another link in the chain of tradition”(Macleod 3) The high speed reverse gear depicts how the father is not moving forward along with the light green name of Jenny Lynn that demonstrates the father’s sacrifice for the fishing custom to support his family. The Jenny Lynn that he receives through tradition gives him a constant reminder that his way of life may never change and that his dreams are out of his reach. Furthermore, the clothing in his closet symbolizes the father’s imprisonment with tradition. The narrator mentions “his ill-fitted serge suit, the two or three white shirts that strangled him and the square black shoes that pinched” (Macleod 4) The square black shoes that pinched him means that the life of fishing that he inherits does not fit, the life he lives is simply to overpowering that it damages him. The white shirts that suffocates him shows the struggles he faces everyday that he is unable to separate from. His attire is so inflexible that it was leaving him trapped in one place incapable to grasp his own desires. Lastly, at the father’s death his departure speculates that it is suicide to liberate his son and himself from an unhappy future bringing the fishing tradition with him. When the father’s body is discovered “the white green stubble of his whiskers had continued to grow in death. Physically as he lay there with the brass chains on his wrist and seaweed in his hair”(Macleod…

    • 446 Words
    • 2 Pages
    Good Essays
  • Good Essays

    The Boat - Essay

    • 1126 Words
    • 5 Pages

    The short story “The Boat” by Alistair MacLeod that was written in 1968, is a story about conflict between tradition and freedom. The father is a fisherman who only continues his job because he is chained through the past of others. The family son is restricted from his education because he spends a lot of time on the boat worried about his parents expectations. His mother believes that he will carry on and take his fathers place in the fisherman position. When the father is not out on the boat, he is in his room reading, to escape the world of imprisonment and monotonous duty. The mother of the family believes that the tradition of being a fisherman in the boat, is the only right way for her husband and children to continue living their lives. The author is trying to tell us to follow our dreams in life that won't keep us chained and unhappy and to never limit your options. As the father is unable to live freely, he is chained to his job through tradition.…

    • 1126 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Show Boat

    • 518 Words
    • 3 Pages

    Show Boat is a musical; Show Boat is widely considered one of the most influential pieces of its time depicting issues that weren’t addressed then. Show Boat boldly portrayed racial issues, and was the first racially integrated musical, meaning that both black and white performers appeared and sang on stage together. It was the first Broadway musical to seriously depict an interracial marriage, and to feature a character of mixed race that was "passing" for white.…

    • 518 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Boat People

    • 1255 Words
    • 6 Pages

    The Vietnamese Boat people are refugees who have fled their country in the late 1970’s and early 1980’s. Refugees from Laos, Cambodia, and especially Vietnam are referred to as “boat people” because they fled their respective countries. Refugees from these countries were fleeing shortly after the Vietnam War had ended. The Vietnam War was a cold war which took place from November 1st, 1955 until April 30th, 1975. On April 30th, 1975 was the day that the fall of Saigon took place, essentially this means that communists took power of the government. The Communist government set up “re-education camps” for people who still believed in the old government, in these camps 165,000 people died, 1 to 2 million people was imprisoned for no apparent reason when the communist government took over, no formal charges or trials were given. Furthermore, at least 200,000 southern Vietnamese were executed, and tens of thousands of Vietnamese people committed suicide when the communist government took over. Essentially, these countries became so poor they were unable to feed themselves and this resulted in famine which led to many deaths in the 1980’s. With all these occurrences it ultimately led to the destruction of Vietnam and caused many people to become refugees “Boat People”.…

    • 1255 Words
    • 6 Pages
    Good Essays
  • Good Essays

    The Boat

    • 726 Words
    • 3 Pages

    In The Boat by Alistair Macleod the mother and father are presented as opposites. The mother is the character trying to keep the tradition alive, whereas the father is the character who is looking forward to the changes. The mother does not want any tourists in her town and does not want her family to go out and spend time with the people who do not come from the village. The father was encouraging the change to happen, and he was kind enough to take the tourists out for a ride on his boat.…

    • 726 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Davis Boatworks

    • 4530 Words
    • 19 Pages

    Carson "Buddy" Davis started Davis Boatworks in 1973 and by 1999 was one of the leading players in the industry. The company did not spend time or resources on traditional marketing strategies. Though they participated in two or three trade shows a year, they mostly relied on repeat customers, word of mouth and Buddy Davis himself to attract customers. The company had focused on the manufacturing and sales side of business for years. The company was basically run out of a checkbook and there were no formal accounting controls until John Altizer was hired as the CFO.…

    • 4530 Words
    • 19 Pages
    Powerful Essays
  • Good Essays

    Matt Huynh's The Boat

    • 1005 Words
    • 5 Pages

    Writing has evolved immensely over time. With the development of new technologies and digital networked spaces, the aspects of writing have become more dynamic and complex. Writing in digitally networked environments opens up a range of new possibilities for an innovative form of writing and a new way of presenting narrative and storytelling. In addition, writing in these environments makes it possible for a greater audience and also gives readers a fresh way of experiencing narrative, providing them with the ability to understand the story in an interactive and complex way. In an online adaptation by Matt Huynh of the story ‘The Boat’ by Nam Le, we experience these modern possibilities of writing in a new ‘ecological’ way.…

    • 1005 Words
    • 5 Pages
    Good Essays