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The following accounting events apply to Mary's Designs for the year 2016:


Asset Source Transactions

1. Began operations by acquiring $90,000 of cash from the issue of common stock.

2. Performed services and collected cash of$9,000.

3. Collected $36,000 of cash in advance for services to be provided over the next 12 months.

4. Provided$58,000 of services on account.

5. Purchased supplies of $5,200 on account.


Asset Exchange Transactions

6. Purchased$21,000 of land for cash.

7. Collected $49,000 of cash from accounts receivable.

8. Purchased$3,150 of supplies with cash.

9. Paid $12,000 for one year's rent in advance.


Asset Use Transactions

10. Paid$24,000 cash for salaries of employees.

11. Paid a cash dividend of $5,000 to the stockholders.

12. Paid off$3,600 of the accounts payable with cash.


Claims Exchange Transactions

13. Placed an advertisement in the local newspaper for $2,600 on account.

14. Incurred utility expense of$1,800 on account.


Adjusting Entries

15. Recognized $12,000 of revenue for performing services. The collection of cash for these services occurred in a prior transaction. (See Event 3.)

16. Recorded$8,000 of accrued salary expense at the end of 2016.

17. Recorded supplies expense. Had $1,900 of supplies on hand at the end of the accounting period.

18. Recognized four months of expense for prepaid rent that had been used up during the accounting period.

19. Recognized$500 of accrued interest revenue.


Required

Record each of the preceding events in T-accounts.

Question

What are the words to use when writing a job description?

Solution

Verified
Answered 9 months ago
Answered 9 months ago

The job description is an HR communication tool. It relates to a profession or a job. So it must contain words suitable for each position.

For example, for the jobs that are related to finance and administration, we can use:

  • Administer
  • Check
  • Approve
  • Execute
  • Establish
  • Report
  • Advise

For the job of a business engineer, we can use:

  • Prospect
  • Manage
  • Develop

For the job of a designer, we can use:

  • Design
  • Create
  • Examine
  • Formulate
  • Develop
  • Plan

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