Visit an Internet auction site. How does the site work? What are the advantages and disadvantages of using this site?

Find an Internet site devoted to fractals. Use the site to write a paper on a specific use of fractals.

A dig crew is asked to start excavating a site that is 4 meters by 5 meters After his site is studied and so 7 in each direction. What will be the total area of the site after this expansion?

For the past several years, Jeff Horton has operated a part-time consulting business from his home. As of April 1, 2014, Jeff decided to move to rented quarters and to operate thebusiness, which was to be known as Rosebud Consulting, on a full-time basis. Rosebud Consulting entered into the following transactions during April:

Apr. 1.   The following assets were received from Jeff Horton: cash, $20,000; accounts receivable,$14,700; supplies, $3,300; and office equipment,$12,000. There were no liabilities received.        1.   Paid three months’ rent on a lease rental contract, $6,000.        2.   Paid the premiums on property and casualty insurance policies,$4,200.        4.   Received cash from clients as an advance payment for services to be provided and recorded it as unearned fees, $9,400.        5.   Purchased additional office equipment on account from Smith Office Supply Co.,$8,000.        6.   Received cash from clients on account, $11,700.      10.   Paid cash for a newspaper advertisement,$350.      12.   Paid Smith Office Supply Co. for part of the debt incurred on April 5, $6,400.      12.   Recorded services provided on account for the period April 1–12,$21,900.      14.   Paid receptionist for two weeks’ salary, $1,650. Record the following transactions on Page 2 of the journal.      17.   Recorded cash from cash clients for fees earned during the period April 1–16,$6,600.      18.   Paid cash for supplies, $725.      20.   Recorded services provided on account for the period April 13–20,$16,800.      24.   Recorded cash from cash clients for fees earned for the period April 17–24, $4,450.      26.   Received cash from clients on account,$26,500.      27.   Paid receptionist for two weeks’ salary, $1,650.      29.   Paid telephone bill for April,$540.      30.   Paid electricity bill for April, $760.      30.   Recorded cash from cash clients for fees earned for the period April 25–30,$5,160.      30.   Recorded services provided on account for the remainder of April, $2,590.      30.   Jeff withdrew$18,000 for personal use.

Instructions

1. Journalize each transaction in a two-column journal starting on Page 1, referring to the following chart of accounts in selecting the accounts to be debited and credited. (Do not insert the account numbers in the journal at this time.)

$$\begin{array}{lllllll} \text{11}&\text{Cash}&&&\text{31}&\text{Jeff Horton, Capital}\\ \text{12}&\text{Accounts Receivable}&&&\text{32}&\text{Jeff Horton, Drawing}\\ \text{14}&\text{Supplies}&&&\text{41}&\text{Fees Earned}\\ \text{15}&\text{Prepaid Rent}&&&\text{51}&\text{Salary Expense}\\ \text{16}&\text{Prepaid Insurance}&&&\text{52}&\text{Supplies Expense}\\ \text{18}&\text{Office Equipment}&&&\text{53}&\text{Rent Expense}\\ \text{19}&\text{Accumulated Depreciation}&&&\text{54}&\text{Depreciation Expense}\\ \text{21}&\text{Accounts Payable}&&&\text{55}&\text{Insurance Expense}\\ \text{22}&\text{Salaries Payable}&&&\text{59}&\text{Miscellaneous Expense}\\ \text{23}&\text{Unearned Fees}\\ \end{array}$$

2. Post the journal to a ledger of four-column accounts.
3. Prepare an unadjusted trial balance.
4. At the end of April, the following adjustment data were assembled. Analyze and use these data to complete parts (5) and (6).

• a. Insurance expired during April is $350.
• b. Supplies on hand on April 30 are$1,225.
• c. Depreciation of office equipment for April is $400.
• d. Accrued receptionist salary on April 30 is$275.
• e. Rent expired during April is $2,000.
• f. Unearned fees on April 30 are$2,350.

5. (Optional.) Enter the unadjusted trial balance on an end-of-period spreadsheet (work sheet) and complete the spreadsheet.
6. Journalize and post the adjusting entries. Record the adjusting entries on Page 3 of the journal.
7. Prepare an adjusted trial balance.
8. Prepare an income statement, a statement of owner’s equity, and a balance sheet.
9. Prepare and post the closing entries. Record the closing entries on Page 4 of the journal. (Income Summary is account #33 in the chart of accounts.) Indicate closed accounts by inserting a line in both the Balance columns opposite the closing entry.
10. Prepare a post-closing trial balance.

Kenseth Corporation’s unadjusted trial balance at December 1, 2014, is presented below.

$$\begin{array}{lccc} &\underline{\textbf{Debit}}&\underline{\textbf{Credit}}\\[5pt] \text{Cash}&\text{\$\hspace{14pt}22,000}\\ \text{Accounts Receivable}&\text{\hspace{19pt}36,800}\\ \text{Notes Receivable}&\text{\hspace{19pt}10,000}\\ \text{Interest Receivable}&\text{\hspace{42pt}0}\\ \text{Inventory}&\text{\hspace{19pt}36,200}\\ \text{Prepaid Insurance}&\text{\hspace{24pt}3,600}\\ \text{Land}&\text{\hspace{19pt}20,000}\\ \text{Buildings}&\text{\hspace{14pt}150,000}\\ \text{Equipment}&\text{\hspace{19pt}60,000}\\ \text{Patent}&\text{\hspace{24pt}9,000}\\ \text{Allowance for Doubtful Accounts}&&\text{\$\hspace{27pt}500}\\ \text{Accumulated Depreciation—Buildings}&&\text{\hspace{19pt}50,000}\\ \text{Accumulated Depreciation—Equipment}&&\text{\hspace{19pt}24,000}\\ \text{Accounts Payable}&&\text{\hspace{19pt}27,300}\\ \text{Salaries and Wages Payable}&&\text{\hspace{42pt}0}\\ \text{Notes Payable (due April 30, 2015)}&&\text{\hspace{19pt}11,000}\\ \text{Income Taxes Payable}&&\text{\hspace{42pt}0}\\ \text{Interest Payable}&&\text{\hspace{42pt}0}\\ \text{Notes Payable (due in 2020)}&&\text{\hspace{19pt}35,000}\\ \text{Common Stock}&&\text{\hspace{19pt}50,000}\\ \text{Retained Earnings}&&\text{\hspace{19pt}63,600}\\ \text{Dividends}&\text{\hspace{19pt}12,000}\\ \text{Sales Revenue}&&\text{\hspace{14pt}900,000}\\ \text{Interest Revenue}&&\text{\hspace{42pt}0}\\ \text{Gain on Disposal of Plant Assets}&&\text{\hspace{42pt}0}\\ \text{Bad Debt Expense}&\text{\hspace{42pt}0}\\ \text{Cost of Goods Sold}&\text{\hspace{14pt}630,000}\\ \text{Depreciation Expense}&\text{\hspace{42pt}0}\\ \text{Income Tax Expense}&\text{\hspace{42pt}0}\\ \text{Insurance Expense}&\text{\hspace{42pt}0}\\ \text{Interest Expense}&\text{\hspace{42pt}0}\\ \text{Other Operating Expenses}&\text{\hspace{19pt}61,800}\\ \text{Amortization Expense}&\text{\hspace{42pt}0}\\ \text{Salaries and Wages Expense}&\underline{\text{\hspace{14pt}110,000}}&\underline{\text{\hspace{45pt}}}\\ \text{Total}&\underline{\underline{\text{\$\hspace{1pt}1,161,400}}}&\underline{\underline{\text{\$\hspace{1pt}1,161,400}}}\\ \end{array}$$

The following transactions occurred during December.

Dec.  2 Purchased equipment for $16,000, plus sales taxes of$800 (paid in cash).
      2 Kenseth sold for $3,500 equipment which originally cost$5,000. Accumulated depreciation on this equipment at January 1, 2014, was $1,800; 2014 depreciation prior to the sale of equipment was$825.
     15 Kenseth sold for $5,000 on account inventory that cost$3,500.
     23 Salaries and wages of $6,600 were paid.

Adjustment data:

1. Kenseth estimates that uncollectible accounts receivable at year-end are$4,000.
2. The note receivable is a one-year, 8% note dated April 1, 2014. No interest has been recorded.
3. The balance in prepaid insurance represents payment of a $3,600, 6-month premium on September 1, 2014.
4. The building is being depreciated using the straight-line method over 30 years. The salvage value is$30,000.
5. The equipment owned prior to this year is being depreciated using the straight-line method over 5 years. The salvage value is 10% of cost.
6. The equipment purchased on December 2, 2014, is being depreciated using the straight-line method over 5 years, with a salvage value of $1,800.
7. The patent was acquired on January 1, 2014, and has a useful life of 9 years from that date.
8. Unpaid salaries at December 31, 2014, total$2,200.
9. Both the short-term and long-term notes payable are dated January 1, 2014, and carry a 10% interest rate. All interest is payable in the next 12 months.
10. Income tax expense was $15,000. It was unpaid at December 31.

Instructions

(a) Prepare journal entries for the transactions listed above and adjusting entries.

The worksheet of Best Jobs Employment Service follows but is incomplete.

The following data at April 30, 2018, are given for Best Jobs Employment Service:

• a. Service revenue accrued, $700.
• b. Office supplies used,$300.
• c. Depreciation on equipment, $1,300.
• d. Salaries owed to employees,$1,400.

Requirements

1. Calculate and enter the adjustment amounts directly in the Adjustments columns. Use letters *a *through d to label the four adjustments.
2. Calculate and enter the adjusted account balances in the Adjusted Trial Balance columns.
3. Prepare each adjusting journal entry calculated in Requirement 1. D ate the entries, and include explanations.

Stoscheck Moving Corporation has been in operation since January 1, 2012.. It is now December 31, 2012, the end of the annual accounting period. The company has not done well financially during the first year, although revenue has been fairly good. The three stockholders manage the company, but they have not given much attention to recordkeeping. In view of a serious cash shortage, they have applied to your bank for a $30,000 loan. You requested a complete set of financial statements. The following 2012 annual financial statements were prepared by a clerk and then were given to the bank.

$$\begin{array}{c} \hline \hspace{60pt}\textbf{STOSCHECK MOVING CORP.}\hspace{60pt}\\ \textbf{Balance Sheet}\\ \textbf{At December 31, 2012}\\ \hline \end{array}$$

$$\begin{array}{llr} \underline{\text{Assets}}\\ \hspace{5pt}\text{Cash}&&\$\text{\hspace{15pt}{2,000}}\\ \hspace{5pt}\text{Receivables }&&\text{3,000}\\ \hspace{5pt}\text{Supplies}&&\text{4,000}\\ \hspace{5pt}\text{Equipment}&&\text{40,000}\\ \hspace{5pt}\text{Prepaid insurance}&&\text{6,000}\\ \hspace{5pt}\text{Remaining assets}&&\text{\underline{\hspace{15pt}{27,000}}}\\ \text{Total assets}&&\underline{\underline{\$\hspace{10pt}\text{82,000}}}\\ \\ \text{Liabilities}\\ \hspace{5pt}\text{Accounts payable }&&\$\hspace{10pt}\text{9,000}\\\\ \text{Stockholders' Equity}\\ \hspace{5pt}\text{Contributed capital (10,000 shares outstanding)}&&\text{35,000}\\ \hspace{5pt}\text{Retained earnings}&&\underline{\text{\hspace{10pt}38,000}}\\ \text{Total liabilities and stockholders’ equity}&& \underline{\underline{\$\hspace{5pt}\text{82,000}}}\\\\ \hline \end{array}$$

$$\begin{array}{c} \hline \hspace{10pt}\textbf{STOSCHECK MOVING CORP.}\hspace{10pt}\\ \textbf{Income Statement}\\ \textbf{For the Period Ended December 31, 2012}\\ \hline \end{array}$$

$$\begin{array}{lrr} \text{Transportation revenue}&&\$\hspace{5pt}\text{85,000}\\ \text{Expenses}\\ \hspace{10pt}\text{ Salaries expense}&&\text{17,000}\\ \hspace{10pt}\text{Supplies expense}&&\text{12,000}\\ \hspace{10pt}\text{Other expenses}&&\underline{\hspace{10pt}\text{18,000}}\\ \hspace{20pt}\text{Total expenses}&&\underline{\hspace{10pt}\text{47,000}}\\ \text{Net income}&\hspace{45pt}&\underline{\underline{\$\hspace{5pt}\text{38,000}}}\\\\ \hline \end{array}$$

After briefly reviewing the statements and “looking into the situation,” you requested that the statements be redone (with some expert help) to “incorporate depreciation, accruals, inventory counts, income taxes, and so on.” As a result of a review of the records and supporting documents, the following additional information was developed:

a. The Supplies of $4,000 shown on the balance sheet has not been adjusted for supplies used during 2012. A count of the supplies on hand on December 31, 2012, showed$1,800.

b. The insurance premium paid in 2012 was for years 2012 and 2013. The total insurance premium was debited in full to Prepaid Insurance when paid in 2012 and no adjustment has been made.

c. The equipment cost $40,000 when purchased January 1, 2012. It had an estimated annual depreciation of$8,000. No depreciation has been recorded for 2012.

d. Unpaid (and unrecorded) salaries at December 31, 2012, amounted to $3,200.

e. At December 31, 2012, transportation revenue collected in advance amounted to$7,000. This amount was credited in full to Transportation Revenue when the cash was collected earlier during 2012.

f. The income tax rate is 35 percent.

Required:

1. Record the six adjusting entries required on December 31, 2012, based on the preceding additional information.

2. Recast the preceding statements after taking into account the adjusting entries. You do not need to use classifications on the statements. Suggested form for the solution:

What is meant by the term binding site? Active site ?

Many antibiotics inhibit bacterial protein synthesis. For example, tetracycline blocks the A site on the bacterial ribosome, and chloramphenicol blocks peptidyl transfer. What specific effect would you expect each of these antibiotics to have on protein synthesis? Tetracycline would directly affect: a. tRNA binding to the ribosome, b. ribosome assembly, c. growth of the protein chain. Chloramphenicol would directly affect a. tRNA binding to the ribosome, b. ribosome assembly, c. growth of the protein chain.

Kenseth Corporation’s unadjusted trial balance at December 1, 2014, is presented below.

$$\begin{array}{lccc} &\underline{\textbf{Debit}}&\underline{\textbf{Credit}}\\[5pt] \text{Cash}&\text{\$\hspace{14pt}22,000}\\ \text{Accounts Receivable}&\text{\hspace{19pt}36,800}\\ \text{Notes Receivable}&\text{\hspace{19pt}10,000}\\ \text{Interest Receivable}&\text{\hspace{42pt}0}\\ \text{Inventory}&\text{\hspace{19pt}36,200}\\ \text{Prepaid Insurance}&\text{\hspace{24pt}3,600}\\ \text{Land}&\text{\hspace{19pt}20,000}\\ \text{Buildings}&\text{\hspace{14pt}150,000}\\ \text{Equipment}&\text{\hspace{19pt}60,000}\\ \text{Patent}&\text{\hspace{24pt}9,000}\\ \text{Allowance for Doubtful Accounts}&&\text{\$\hspace{27pt}500}\\ \text{Accumulated Depreciation—Buildings}&&\text{\hspace{19pt}50,000}\\ \text{Accumulated Depreciation—Equipment}&&\text{\hspace{19pt}24,000}\\ \text{Accounts Payable}&&\text{\hspace{19pt}27,300}\\ \text{Salaries and Wages Payable}&&\text{\hspace{42pt}0}\\ \text{Notes Payable (due April 30, 2015)}&&\text{\hspace{19pt}11,000}\\ \text{Income Taxes Payable}&&\text{\hspace{42pt}0}\\ \text{Interest Payable}&&\text{\hspace{42pt}0}\\ \text{Notes Payable (due in 2020)}&&\text{\hspace{19pt}35,000}\\ \text{Common Stock}&&\text{\hspace{19pt}50,000}\\ \text{Retained Earnings}&&\text{\hspace{19pt}63,600}\\ \text{Dividends}&\text{\hspace{19pt}12,000}\\ \text{Sales Revenue}&&\text{\hspace{14pt}900,000}\\ \text{Interest Revenue}&&\text{\hspace{42pt}0}\\ \text{Gain on Disposal of Plant Assets}&&\text{\hspace{42pt}0}\\ \text{Bad Debt Expense}&\text{\hspace{42pt}0}\\ \text{Cost of Goods Sold}&\text{\hspace{14pt}630,000}\\ \text{Depreciation Expense}&\text{\hspace{42pt}0}\\ \text{Income Tax Expense}&\text{\hspace{42pt}0}\\ \text{Insurance Expense}&\text{\hspace{42pt}0}\\ \text{Interest Expense}&\text{\hspace{42pt}0}\\ \text{Other Operating Expenses}&\text{\hspace{19pt}61,800}\\ \text{Amortization Expense}&\text{\hspace{42pt}0}\\ \text{Salaries and Wages Expense}&\underline{\text{\hspace{14pt}110,000}}&\underline{\text{\hspace{45pt}}}\\ \text{Total}&\underline{\underline{\text{\$\hspace{1pt}1,161,400}}}&\underline{\underline{\text{\$\hspace{1pt}1,161,400}}}\\ \end{array}$$

The following transactions occurred during December.

Dec.  2 Purchased equipment for $16,000, plus sales taxes of$800 (paid in cash).
      2 Kenseth sold for $3,500 equipment which originally cost$5,000. Accumulated depreciation on this equipment at January 1, 2014, was $1,800; 2014 depreciation prior to the sale of equipment was$825.
     15 Kenseth sold for $5,000 on account inventory that cost$3,500.
     23 Salaries and wages of $6,600 were paid.

Adjustment data:

1. Kenseth estimates that uncollectible accounts receivable at year-end are$4,000.
2. The note receivable is a one-year, 8% note dated April 1, 2014. No interest has been recorded.
3. The balance in prepaid insurance represents payment of a $3,600, 6-month premium on September 1, 2014.
4. The building is being depreciated using the straight-line method over 30 years. The salvage value is$30,000.
5. The equipment owned prior to this year is being depreciated using the straight-line method over 5 years. The salvage value is 10% of cost.
6. The equipment purchased on December 2, 2014, is being depreciated using the straight-line method over 5 years, with a salvage value of $1,800.
7. The patent was acquired on January 1, 2014, and has a useful life of 9 years from that date.
8. Unpaid salaries at December 31, 2014, total$2,200.
9. Both the short-term and long-term notes payable are dated January 1, 2014, and carry a 10% interest rate. All interest is payable in the next 12 months.
10. Income tax expense was $15,000. It was unpaid at December 31.

Instructions

(b) Prepare an adjusted trial balance at December 31, 2014.

Greavy Theater Production Company's partially completed worksheet as of December 31, 2018, follows.

Adjustment data at December 31 follow:

• a. As of December 31, Greavy had performed $500 of service revenue but has not yet billed customers.
• b. At the end of the month, Greavy had$700 of office supplies remaining.
• c. Prepaid Insurance of $3,900 remained.
• d. Depreciation expense,$4,000.
• e. Accrued salaries expense of $200 that hasn't been paid yet.

Requirements

1. Complete the worksheet. Use letters a through e to label the five adjustments.
2. Journalize the adjusting entries.

Explain why it's important that the initiator tRNA be placed in the P site instead of the A site.

Describe the product of a splicing reaction in which the spliceosome recognizes a “pseudo” 3' splice site within the intron instead of the actual 3' splice site. The “pseudo” site is slightly upstream of the actual 3' splice site. How could this alter the protein product after translation?

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