Journal Entries for Jan 1‚ 2003 to Dec 31‚ 2003 1/2 | Cash | | 375000 | | | | Capital Stock | | 375000 | 1/2 | Patent | | 125000 | | | | Capital Stock | | 125000 | 1/15 | Inc. Expenses | | 7500 | | | | Cash | | 7500 | 6/15 | PPE | | 62500 | | | | Cash | | 62500 | 6/24 | Inventory | | 75000 | | | | Cash | | 75000 | 7/1 | Service Expense | | 23750 | | | | Cash | | 23750 | 12/31 | Account Receivables | | 69500 | | | Cash | | 685000 | |
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Problem Set #2: Chemalite Case 1. Record the effects of Chemalite’s 1991 events on the BSE worksheet Cash Flow type (O‚ I‚ F) Event Cash A/R 375‚000 F P1 (7‚500) I P2 P3 (62‚500) I (75‚000) O P4 230‚000 Inventory Patent Cap. Exp. PPE 125‚000 7‚500 62‚500 125‚000 7‚500 62‚500 Notes Pay Paid in Capital RE 500‚000 RE Explanation 75‚000 75‚000 - 500‚000 - Balance Sheet O O O O O O I F - T1 T2 T3 T4 T5.1 T5.2 T6 T7.1 T7.2 O1 O2 O3 O4 O5 Total (23‚750) 685‚000 69‚500 (175
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Assignment for Chemalite‚ Inc. Part A: Financial statements for Chemalite‚ Inc. 1) Balance Sheet as at 12/31/2003 | | | ASSETS | | | Current Assets | | | Cash | | $113‚000 | Accounts Receivable | | 69‚500 | Inventory | | 55‚000 | Total Current Assets | | 237‚500 | Machinery | | 201‚875 | Prototype | | 23‚750 | Intangible Assets | | 100‚000 | TOTAL ASSETS | | 563‚125 | | | | LIABILITIES AND SHAREHOLDERS’ EQUITY | | | Current Liabilities
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The Board of Aldermen of the Hayville approved the Appropriations budget for its General Fund for the year ending December 31 as shown below. |General Government |$ 500‚000 | |Public Safety |2‚800‚000 | |Public Works |1‚200‚000 | |Health and Welfare
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Problem Set #2: Chemalite Case 1. Record the effects of Chemalite’s 1991 events on the BSE worksheet Cash Flow type (O‚ I‚ F) Event Cash A/R 375‚000 F P1 (7‚500) I P2 (62‚500) I P3 (75‚000) O P4 230‚000 - O O O O O O I F - T1 T2 T3 T4 T5.1 T5.2 T6 T7.1 T7.2 O1 O2 O3 O4 O5 Total (23‚750) 685‚000 69‚500 (175‚000) (22‚500) (350‚000) (80‚000) (150‚000) 50‚000 (50‚750) Inventory 75‚000 75‚000 Patent Cap. Exp. PPE 125‚000 7‚500 62‚500
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EXECUTIVE SUMMARY In the case of Chemalite‚ Inc. we analyzed the financial data provided by one of the largest stockholders of the company‚ Bennett Alexander‚ and the company’s bookkeeper. According to given expenditures‚ transactions‚ cash outflows and other related financial information; we prepared transaction journals‚ T-accounts‚ income statements‚ statements of financial position and statements of cash flows for the six months ended June 30‚ 2003 and for the year ended December 31‚ 2003. We
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will ensure accountability and continuity solving the problem experienced. Currently there exists a manual system of distributing the available reading material‚ and no system is in place to remind the users on the deadline for their stay with the journals. This brings about the need for a system with clearly outlined requirements‚ which will guide the creators during its creation. This will ensure that the digital system fulfills all the needs that may be lacking in the current system. The requirement
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For Rupert Murdoch‚ becoming an owner of the Wall Street Journal was not only business; it was personal. He knew that with the WSJ under his control‚ he could accomplish his dream of destroying the New York Times. (Sherman‚ 2010) The book «War at the Wall Street Journal» tells a story about big business‚ an imploding family and a deal that adds up together an epoch of change. «War at the Wall Street Journal» is a book written by Sarah Ellison‚ an American writer‚ and journalist. She spent 10 years
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“Journal writing is a valuable activity for English learners because it involves real and purposeful dialogue and because it is nonthreatening- it will not be corrected or graded. Finally‚ because journals are structured like an oral conversation and provide a real audience‚ students see journal writing as a meaningful activity…” (Peregoy& Boyle‚ 2013‚ page‚ 280) As a teacher‚ it is important to me to look for ways to engage my Arabic language learners in meaningful communication. The perfect way
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Dear Diary Journal‚ September 30‚ 1900 A couple of days ago‚ my mom bought me this journal for my 9th birthday. She had told me that this journal she had bought was pretty cheap‚ but I did not believe her. Most school utensils like pencils were way too expensive. But it’s not like I have time to be going to school or anything of that sort. I need to make money by working at the factory not wasting money
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