The following account balances appear in the general ledger for Soap Box Laundry on April 30. Record the payment of the four liability accounts on page 34 of the general journal.

$$\begin{array}{ll} \text{General Ledger} & \text{ }\\ \text{Social Security Tax Payable} & \text{$\$ 318.55$}\\ \text{State Income Tax Payable} & \text{205.60}\\ \text{Medicare Tax Payable} & \text{113.28}\\ \text{Employees' Federal} & \text{ }\\ \text{Income Tax Payable} & \text{286.00}\\ \end{array}$$

The general ledger of Zips Storage at January 1, 2018, includes the following account balances:

$$\begin{matrix} \text{Accounts} & \text{Debits} & \text{Credits} & \text{ }\\ \hline \text{Cash} & \text{$\$ 24,600$} & \text{ }\\ \text{Accounts Receivable} & \text{$15,400$} & \text{ }\\ \text{Prepaid Insurance} & \text{$12,000$} & \text{ }\\ \text{Land} & \text{$148,000$} & \text{ }\\ \text{Accounts Payable} & \text{ } & \text{$\$6,700$}\\ \text{Deferred Revenue} & \text{ } & \text{$5,800$}\\ \text{Common Stock} & \text{ } & \text{$143,000$}\\ \text{Retained Earnings} & \text{\_\_\_\_\_ } & \underline{44,500}\\ \text{Totals} & \underline{\underline{\$ 200,000}} & \underline{\underline{\$ 200,000}}\\ \end{matrix}$$

The following is a summary of the transactions for the year:

$$\begin{matrix} \text{a. January 9} & \text{Provide storage services for cash, \$134,100, and on account, \$52,200.} & \text{ }\\ \text{b. February 12} & \text{Collect on accounts receivable, \$51,500.}\\ \text{c. April 25} & \text{Receive cash in advance from customers, \$12,900.}\\ \text{d. May 6} & \text{Purchase supplies on account, \$9,200.}\\ \text{e. July 15} & \text{Pay property taxes, \$8,500.}\\ \text{f. September 10} & \text{Pay on accounts payable, \$11,400.}\\ \text{g. October 31} & \text{Pay salaries, \$123,600.}\\ \text{h. November 20} & \text{Issue shares of common stock in exchange for \$27,000 cash.}\\ \text{i. December 30} & \text{Pay \$2,800 cash dividends to stockholders.}\\ \end{matrix}$$

1. Set up the necessary T-accounts and enter the beginning balances from the trial balance. In addition to the accounts shown, the company has accounts for Supplies, Dividends, Service Revenue, Salaries Expense, Property Tax Expense, Supplies Expense, and Insurance Expense. 2. Record each of the summary transactions listed above. 3. Post the transactions to the accounts. 4. Prepare an unadjusted trial balance. 5. Record adjusting entries. Insurance expired during the year is $7,000. Supplies remaining on hand at the end of the year equal$2,900. Provide services of $11,800 related to cash paid in advance by customers. 6. Post adjusting entries. 7. Prepare an adjusted trial balance. 8. Prepare an income statement for 2018 and a classified balance sheet as of December 31, 2018. 9. Record closing entries. 10. Post closing entries. 11. Prepare a post-closing trial balance.

For the week ending June 30, EZ Copy Center's payroll has total gross earnings of $4,836.60. calculate the employer's payroll taxes. Use the following percentages: Social security tax 6.2% Medicare tax 1.45% Federal unemployment tax 0.8% State unemployment tax 5.4%

The totals of the payroll register for Kits & Pups Grooming are shown in your working papers. On December 31 the owner, Abe Shultz, wrote Check 1400 to pay the payroll. In your working papers: 1. Record the payroll entry in the general journal. 2. Post the entry to the general ledger accounts.

Write each sentence in symbolic form. Represent each simple statement in the sentence with the letter indicated in the parentheses. Also state whether the sentence is a conjunction, a disjunction, a negation, a conditional, or a biconditional. If today is Wednesday (w), then tomorrow is Thursday (t).

At December 31, 2012, McKinley Real Estate reported a current liability for income tax payable of $210,000. During 2013, McKinley earned income of$1,600,000 before income tax. The company’s income tax rate during 2013 was 36%. Also during 2013, McKinley paid income taxes of $350,000. How much income tax payable did McKinley Real Estate report on its balance sheet at December 31, 2013? How much income tax expense did McKinley report on its 2013 income statement?

The general ledger of Zips Storage at January 1, 2021, includes the following account balances:

Accounts	Debits	Credits
Cash	$25,700
Accounts Receivable	16,500
Prepaid Insurance	14,200
Land	159,000
Accounts Payable		$ 7,800
Deferred Revenue		6,900
Common Stock		154,000
Retained Earnings		46,700
Totals	$215,400	$ 215,400

The following is a summary of the transactions for the year:

Transactions
a) January 9 Provide storage services for cash, $145,100, and on account,$57,700.
b) February 12 Collect on accounts receivable, $52,600.
c) April 25 Receive cash in advance from customers,$14,000.
d) May 6 Purchase supplies on account, $11,400.
e) July 15 Pay property taxes,$9,600.
f) September 10 Pay on accounts payable, $12,500.
g) October 31 Pay salaries,$134,600.
h) November 20 Issue shares of common stock in exchange for $38,000 cash.
i) December 30 Pay$3,900 cash dividends to stockholders.

8-b. Prepare the classified balance sheet for the year ended December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.)

Abe Shultz owns Kits & Pups Grooming and uses the following accounts: $$ \begin{matrix} \text{General Ledger} & \text{ }\\ \hline \text{101 Cash in Bank} & \text{205 Accounts Payable—}\\ \text{115 Accounts Receivable—} & \text{Dogs & Cats Inc.}\\ \text{Martha Giles} & \text{301 Abe Shultz, Capital}\\ \text{125 Office Equipment} & \text{ }\\ \text{130 Office Furniture} & \text{ }\\ \text{140 Grooming Equipment} & \text{ }\\ \end{matrix} $$ For each transaction: 1. In your working papers, prepare a T account for each account listed. 2. Using the appropriate T accounts, analyze and record each of the following business transactions. Identify each transaction by number. 3. After recording all transactions, write the word Balance on the normal balance side of each T account. Then compute and record the balance for each account. $$ \begin{array}{rl} \text{Date} & \text{Transactions}\\ \hline \text{May 1} & \text{1. Abe Shultz invested an additional $\$45,000$ cash in his business.}\\ \text{5} & \text{2. Bought grooming equipment on account from Dogs & Cats Inc. for $\$8,500$.}\\ \text{10} & \text{3. Purchased an office lamp for $\$85$, Check 150.}\\ \text{14} & \text{4. Abe Shultz transferred his personal typewriter, worth $\$200$, to the business.}\\ \text{19} & \text{5. Made a $\$3,000$ payment on the grooming equipment bought on account, Check 151.}\\ \text{22} & \text{6. Sold the typewriter on account to Martha Giles for $\$200$.}\\ \text{29} & \text{7. Bought a photocopier for $\$1,500$, Check 152.}\\ \text{31} & \text{8.Received a $\$100$ payment for the typewriter sold on account.}\\ \end{array} $$

Midshipmen Company borrows $15,000 from Falcon Company on July 1, 2018. Midshipmen repays the amount borrowed and pays interest of 12% (1%/month) on June 30, 2019. (1) Record the borrowing for Midshipmen on July 1, 2018. (2) Record the adjusting entry for Midshipmen on December 31, 2018. (3) Calculate the 2018 year-end adjusted balances of Interest Payable and Interest Expense (assuming the balance of Interest Payable at the beginning of the year is$0).

Fighting Irish Incorporated pays its employees $5,600 every two weeks ($400/day). The current two-week pay period ends on December 28, 2018, and employees are paid $5,600. The next two-week pay period ends on January 11, 2019, and employees are paid$5,600. (1) Record the adjusting entry on December 31, 2018. (2) Record the payment of salaries on January 11, 2019. (3) Calculate the 2018 year-end adjusted balance of Salaries Payable (assuming the balance of Salaries Payable before adjustment in 2018 is $0).

Find the distance between each pair of points and the midpoint of each segment. Round to the nearest tenth when necessary.

A(2, 6) and B(4, 10)

On October 31 Showbiz Video received the bank statement dated October 30. The accountant reviewed it and found the following: 1. The checkbook balance on October 31 is $13,462.96. 2. The ending bank statement balance is$13,883.80. 3. The bank statement shows a service charge of $17.50. 4. Deposits of$675.00 on October 28 and $925.00 on October 29 do not appear on the bank statement. 5. The following checks are outstanding: Check 1766$125.00 Check 1768 69.42 Check 1770 $1,462.19 Check 1771 381.73 In your working papers: 1. Record the bank service charge in the checkbook in your working papers. 2. Reconcile the bank statement. 3. Record the entry for the bank service charge on general journal page 13. 4. Post the bank service charge journal entry to the proper ledger accounts.

Find the interval of convergence.

$$\sum _ { n = 0 } ^ { \infty } \frac { 4 ^ { n } } { ( 2 n + 1 ) ! } x ^ { 2 n - 1 }$$

On March 1, 2011, a U.S. company created a credit sale requiring payment in 30 days from a Malaysian company, Hamac Sdn. Bhd., in 20,000 Malaysian ringgits. Assuming the exchange rate between Malaysian ringgits and U.S. dollars is $0.6811 on March 1 and$0.6985 on March 31, prepare the entries to record the sale on March 1 and the cash receipt on March 31.