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1. Issued 26,000 shares of no-par common stock in exchange for $260,000 in cash. 2. Purchased equipment at a cost of $32,000. Cash of $8,000 was paid and a note payable to the seller was signed for the balance owed. 3. Purchased inventory on account at a cost of $80,000. The company uses the perpetual inventory system. 4. Credit sales for the month totaled $100,000. The cost of the goods sold was $60,000. 5 . Paid $3,750 in rent on the warehouse building for the month of March. 6. Paid $5,650 to an insurance company for fire and liability insurance for a one-year period beginning April 1, 2024. 7. Paid $60,000 on account for the inventory purchased in transaction 3. 8. Collected $45,000 from customers on account. 9. Recorded depreciation expense of $800 for the month on the equipment. Required: Analyze each transaction and show the effect of each on the expanded accounting equation for a corporation. Note: Amounts to be deducted should be indicated by a minus sign. Enter the net change on the accounting equation.

True or false? A "more knowledable member of society", according to Vygotksy, is always someone older in chronological age.

density is commonly expressed in units of per ?

Consider the following transaction. Sold merchandise costing

for

. Of the

was received in cash and the remainder was on account. Which ONE of the following is correctly included in the transaction analysis of this transaction?

DECHEASE to SALIS for 20.000 DECPEASE to SALES for 4,000 RNCREASE to COST OIF GOOD SOLD for 20,000 BCDEASE to ACCOUNTS RECENMALF for 20,000 INCBITAST to SALISS for 20,000 RYCEREAST to INVINTORY for 4,000

Max Weber and Karl Marx both were part of the development of the conflict approach in sociology, although focusing on different aspects. Group of answer choices True False

Which statement about accelerated death benefits is CORRECT? A) The maximum benefit amount is the amount of cash value. B) Death must be expected within 36 months. C) Benefits could be paid up to a certain percentage of the death benefit. D) The insured must meet Medicaid's definition of "impoverished".

A voluntary change in accounting policy is acceptable if the financial statements present: Question 4 options: No numerical mistakes. More reliable information than under the old accounting policy. More reliable AND more relevant information than under the old accounting policy. More relevant information than under the old accounting policy.

What is a benefit of a global brand? Group of answer choices Customs authorities are more likely to treat global brands with less restrictions than non-global branded products. It reduces the costs of trademark registration. It reduces the costs of patent registration. It offers increased marketing advantages and opportunities not available to strickly local brands.

rin, an intern in her company's accounting department, is helping the team decide whether to purchase new equipment. the new equipment would allow the company to make a new product thus allowing it to enter a new market. but there are risks involved because the market already has a handful of very seasoned producers. some individuals on the management team are risk-averse, while others see this venture as an opportunity. the team conducted a net present value analysis and determined the qualifiable costs and benefits of the purchase to be nearly equal. how could the company communicate this decision to the rest of the management team? to employees? to customers and other stakeholders?