Milbank Repairs & ServiceUNADJUSTED TRIAL BALANCEJune 30, 2019ACCOUNT TITLEDEBITCREDIT1Cash10,350.00 2Accounts Receivable67,500.00 3Supplies16,200.00 4Equipment166,100.00 5Accounts Payable 15,750.006Unearned Fees 18,000.007Nancy Townes, Capital 171,500.008Nancy Townes, Drawing13,500.00 9Fees Earned 294,750.0010Wages Expense94,500.00 11Rent Expense72,000.00 12Utilities Expense51,750.00 13Miscellaneous Expense8,100.00 14Totals500,000.00500,000.00For preparing the adjusting entries, the following data were assembled:•Fees earned but unbilled on June 30 were $7,380.•Supplies on hand on June 30 were $2,775.•Depreciation of equipment was estimated to be $11,000 for the year.•The balance in unearned fees represented the June 1 receipt in advance for services to be provided. During June, $16,500 of the services were provided.•Unpaid wages accrued on June 30 were $3,880.Required:1.Journalize the adjusting entries necessary on June 30, 2019. Refer to the Chart of Accounts for exact wording of account titles.2.Determine the revenues, expenses, and net income of Milbank Repairs & Service before the adjusting entries.3.Determine the revenues, expenses, and net income of Milbank Repairs & Service after the adjusting entries.4.Determine the effect of the adjusting entries on Nancy Townes, Capital.
XChart of AccountsCHART OF ACCOUNTSMilbank Repairs & ServiceGeneral LedgerASSETS11Cash12Accounts Receivable13Supplies14Equipment15Accumulated Depreciation-EquipmentLIABILITIES21Accounts Payable22Wages Payable23Unearned FeesEQUITY31Nancy Townes, Capital32Nancy Townes, Drawing33DividendsREVENUE41Fees EarnedEXPENSES51Wages Expense52Rent Expense53Supplies Expense54Depreciation Expense56Utilities Expense59Miscellaneous Expense
XJournalShaded cells have feedback.1. Journalize the adjusting entries necessary on June 30, 2019.How does grading work?PAGE 10JOURNALACCOUNTING EQUATIONScore: 118/126DATEDESCRIPTIONPOST. REF.DEBITCREDITASSETSLIABILITIESEQUITY1 Adjusting Entries 2✔✔ ✔3✔ ✔4✔✔ ✔✔5✔ ✔✔6✔✔ ✔✔7✔ ✔✔8✔✔ ✔9✔ ✔10✔✔ ✔✔11✔ ✔✔Points:23.41 / 25FeedbackCheck My Work1. Keep in mind that you will be making an adjusting entry for each of these that affects at least one income statement account (revenue or expense) and one balance sheet account (asset or liability). As you go through each of these, consider both sides of the transaction that results in an adjusting entry and identify related accounts. Remember, four different categories of adjusting entries include prepaid expenses (deferred expenses), unearned revenues (deferred revenues), accrued expenses (accrued liabilities), and accrued revenues (accrued assets) plus the adjustment for depreciation expense.
XFinal QuestionsShaded cells have feedback.2. Determine the revenues, expenses, and net income of Milbank Repairs & Service before the adjusting entries.Question not attempted.Score: 0/12Before Adjusting Entries1Revenues2Expenses3Net income
Milbank Repairs & ServiceUNADJUSTED TRIAL BALANCEJune 30, 2019ACCOUNT TITLEDEBITCREDIT1Cash10,350.00 2Accounts Receivable67,500.00 3Supplies16,200.00 4Equipment166,100.00 5Accounts Payable 15,750.006Unearned Fees 18,000.007Nancy Townes, Capital 171,500.008Nancy Townes, Drawing13,500.00 9Fees Earned 294,750.0010Wages Expense94,500.00 11Rent Expense72,000.00 12Utilities Expense51,750.00 13Miscellaneous Expense8,100.00 14Totals500,000.00500,000.00For preparing the adjusting entries, the following data were assembled:•Fees earned but unbilled on June 30 were $7,380.•Supplies on hand on June 30 were $2,775.•Depreciation of equipment was estimated to be $11,000 for the year.•The balance in unearned fees represented the June 1 receipt in advance for services to be provided. During June, $16,500 of the services were provided.•Unpaid wages accrued on June 30 were $3,880.Required:1.Journalize the adjusting entries necessary on June 30, 2019. Refer to the Chart of Accounts for exact wording of account titles.2.Determine the revenues, expenses, and net income of Milbank Repairs & Service before the adjusting entries.3.Determine the revenues, expenses, and net income of Milbank Repairs & Service after the adjusting entries.4.Determine the effect of the adjusting entries on Nancy Townes, Capital.
XChart of AccountsCHART OF ACCOUNTSMilbank Repairs & ServiceGeneral LedgerASSETS11Cash12Accounts Receivable13Supplies14Equipment15Accumulated Depreciation-EquipmentLIABILITIES21Accounts Payable22Wages Payable23Unearned FeesEQUITY31Nancy Townes, Capital32Nancy Townes, Drawing33DividendsREVENUE41Fees EarnedEXPENSES51Wages Expense52Rent Expense53Supplies Expense54Depreciation Expense56Utilities Expense59Miscellaneous Expense
XJournalShaded cells have feedback.1. Journalize the adjusting entries necessary on June 30, 2019.How does grading work?PAGE 10JOURNALACCOUNTING EQUATIONScore: 118/126DATEDESCRIPTIONPOST. REF.DEBITCREDITASSETSLIABILITIESEQUITY1 Adjusting Entries 2✔✔ ✔3✔ ✔4✔✔ ✔✔5✔ ✔✔6✔✔ ✔✔7✔ ✔✔8✔✔ ✔9✔ ✔10✔✔ ✔✔11✔ ✔✔Points:23.41 / 25FeedbackCheck My Work1. Keep in mind that you will be making an adjusting entry for each of these that affects at least one income statement account (revenue or expense) and one balance sheet account (asset or liability). As you go through each of these, consider both sides of the transaction that results in an adjusting entry and identify related accounts. Remember, four different categories of adjusting entries include prepaid expenses (deferred expenses), unearned revenues (deferred revenues), accrued expenses (accrued liabilities), and accrued revenues (accrued assets) plus the adjustment for depreciation expense.
XFinal QuestionsShaded cells have feedback.2. Determine the revenues, expenses, and net income of Milbank Repairs & Service before the adjusting entries.Question not attempted.Score: 0/12Before Adjusting Entries1Revenues2Expenses3Net income
"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"
Mike Walker Supervises Operations On The Chassis Assembly Line For A Large Vehic
/in Uncategorized /by developerMike Walker supervises operations on the chassis assembly line for a large vehicle manufacturer. Most of his time is spent in quality control maintenance, scheduling workers, and training new employees. Walker would
"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"
Mike Was Hired As A Project Manager To Install Hardwood Floors For The Company A 2
/in Uncategorized /by developerMike was hired as a project manager to install hardwood floors for the company Awesome Floor and Tile. They will be installing new flooring into a local office building. Mike comes up with the list of work and estimates the time. A list of activities and their optimistic completion time, the most likely completion time, and the pessimistic completion time (all in days) are estimated in a given table. Following are the activities that are required to install the hardwood floor in the offices:
Activity 2 starts immediately after Activity 1.
Activity 3, Activity 4, and Activity 5 start concurrently after Activity 2.
Activity 6 does not start until after Activity 3, Activity 4, and Activity 5 are completed.
The carpet installation project is complete after Activity 7 is completed.
Your assignment is to write a report that addresses the following:
If OT = Optimistic Time, MT = Most Likely Time, and PT = Pessimistic Time, use a Program Evaluation Review Estimate (PERT) to compute the statistical time for each activity, as in the following table:
Activities
OT
MT
PT
Activity 1
2
3
4
Activity 2
3
6
9
Activity 3
4
8
12
Activity 4
6
8
10
Activity 5
8
10
12
Activity 6
10
14
18
Activity 7
4
6
8
You must also do the following:
"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"
Mike Went To College On A Wrestling Scholarship
/in Uncategorized /by developerMike went to college on a wrestling scholarship. He believed that the discipline it took to exercise, lift weights, compete at the collegiate level, while keeping his grades up, were pivotal to being successful. Being such a driven and dedicated person, it was not a surprise that Mike opened and operated a successful restaurant. Mike firmly believed that people who demonstrated dedication in their personal lives made the best employees. To objectively evaluate a person dedication in their personal lives, Mike would ask each person who applied for a job at his restaurant how much they could bench press. Mike never hired a waiter or waitress who could bench press less than 180 lbs.
Lynn applied for a waitressing job at Mike’s restaurant. During the job interview, Lynn was asked how much she could bench press. Lynn replied, “I am not sure. I have never tried bench pressing.” Later, Lynn learned that a man who could bench press over 180 lbs. was hired to fill the position. After a few inquiries, she learned of Mike’s bench-pressing requirements and that because of that requirement, Mike had seventeen waiters and no waitresses working at the restaurant.
Lynn believes that she was the victim of illegal discrimination. Is Lynn correct?
"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"
Mikkelson Corporation S Stock Has A Required Return Of 11 75 Last Year When The
/in Uncategorized /by developerMikkelson Corporation’s stock has a required return of 11.75% last year, when the risk-free rate was 5.50% and the market risk premium was 4.75%. Then an increase in investor risk aversion caused the market risk premium to rise by 2%. The risk-free rate and the firm’s beta remain unchanged. What is the company’s new required rate of return?Please provide step by step instruction.Thanks!
Mikkelson Corporation’s stock has a required return of 11.75% last year, when the risk-freerate was 5.50% and the market risk premium was 4.75%. Then an increase in investor riskaversion caused…
"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"
Milbank Repairs Serviceunadjusted Trial Balancejune 30 2019account Titledebitcre
/in Uncategorized /by developerMilbank Repairs & ServiceUNADJUSTED TRIAL BALANCEJune 30, 2019ACCOUNT TITLEDEBITCREDIT1Cash10,350.00 2Accounts Receivable67,500.00 3Supplies16,200.00 4Equipment166,100.00 5Accounts Payable 15,750.006Unearned Fees 18,000.007Nancy Townes, Capital 171,500.008Nancy Townes, Drawing13,500.00 9Fees Earned 294,750.0010Wages Expense94,500.00 11Rent Expense72,000.00 12Utilities Expense51,750.00 13Miscellaneous Expense8,100.00 14Totals500,000.00500,000.00For preparing the adjusting entries, the following data were assembled:•Fees earned but unbilled on June 30 were $7,380.•Supplies on hand on June 30 were $2,775.•Depreciation of equipment was estimated to be $11,000 for the year.•The balance in unearned fees represented the June 1 receipt in advance for services to be provided. During June, $16,500 of the services were provided.•Unpaid wages accrued on June 30 were $3,880.Required:1.Journalize the adjusting entries necessary on June 30, 2019. Refer to the Chart of Accounts for exact wording of account titles.2.Determine the revenues, expenses, and net income of Milbank Repairs & Service before the adjusting entries.3.Determine the revenues, expenses, and net income of Milbank Repairs & Service after the adjusting entries.4.Determine the effect of the adjusting entries on Nancy Townes, Capital.
XChart of AccountsCHART OF ACCOUNTSMilbank Repairs & ServiceGeneral LedgerASSETS11Cash12Accounts Receivable13Supplies14Equipment15Accumulated Depreciation-EquipmentLIABILITIES21Accounts Payable22Wages Payable23Unearned FeesEQUITY31Nancy Townes, Capital32Nancy Townes, Drawing33DividendsREVENUE41Fees EarnedEXPENSES51Wages Expense52Rent Expense53Supplies Expense54Depreciation Expense56Utilities Expense59Miscellaneous Expense
XJournalShaded cells have feedback.1. Journalize the adjusting entries necessary on June 30, 2019.How does grading work?PAGE 10JOURNALACCOUNTING EQUATIONScore: 118/126DATEDESCRIPTIONPOST. REF.DEBITCREDITASSETSLIABILITIESEQUITY1 Adjusting Entries 2✔✔ ✔3✔ ✔4✔✔ ✔✔5✔ ✔✔6✔✔ ✔✔7✔ ✔✔8✔✔ ✔9✔ ✔10✔✔ ✔✔11✔ ✔✔Points:23.41 / 25FeedbackCheck My Work1. Keep in mind that you will be making an adjusting entry for each of these that affects at least one income statement account (revenue or expense) and one balance sheet account (asset or liability). As you go through each of these, consider both sides of the transaction that results in an adjusting entry and identify related accounts. Remember, four different categories of adjusting entries include prepaid expenses (deferred expenses), unearned revenues (deferred revenues), accrued expenses (accrued liabilities), and accrued revenues (accrued assets) plus the adjustment for depreciation expense.
XFinal QuestionsShaded cells have feedback.2. Determine the revenues, expenses, and net income of Milbank Repairs & Service before the adjusting entries.Question not attempted.Score: 0/12Before Adjusting Entries1Revenues2Expenses3Net income
Milbank Repairs & ServiceUNADJUSTED TRIAL BALANCEJune 30, 2019ACCOUNT TITLEDEBITCREDIT1Cash10,350.00 2Accounts Receivable67,500.00 3Supplies16,200.00 4Equipment166,100.00 5Accounts Payable 15,750.006Unearned Fees 18,000.007Nancy Townes, Capital 171,500.008Nancy Townes, Drawing13,500.00 9Fees Earned 294,750.0010Wages Expense94,500.00 11Rent Expense72,000.00 12Utilities Expense51,750.00 13Miscellaneous Expense8,100.00 14Totals500,000.00500,000.00For preparing the adjusting entries, the following data were assembled:•Fees earned but unbilled on June 30 were $7,380.•Supplies on hand on June 30 were $2,775.•Depreciation of equipment was estimated to be $11,000 for the year.•The balance in unearned fees represented the June 1 receipt in advance for services to be provided. During June, $16,500 of the services were provided.•Unpaid wages accrued on June 30 were $3,880.Required:1.Journalize the adjusting entries necessary on June 30, 2019. Refer to the Chart of Accounts for exact wording of account titles.2.Determine the revenues, expenses, and net income of Milbank Repairs & Service before the adjusting entries.3.Determine the revenues, expenses, and net income of Milbank Repairs & Service after the adjusting entries.4.Determine the effect of the adjusting entries on Nancy Townes, Capital.
XChart of AccountsCHART OF ACCOUNTSMilbank Repairs & ServiceGeneral LedgerASSETS11Cash12Accounts Receivable13Supplies14Equipment15Accumulated Depreciation-EquipmentLIABILITIES21Accounts Payable22Wages Payable23Unearned FeesEQUITY31Nancy Townes, Capital32Nancy Townes, Drawing33DividendsREVENUE41Fees EarnedEXPENSES51Wages Expense52Rent Expense53Supplies Expense54Depreciation Expense56Utilities Expense59Miscellaneous Expense
XJournalShaded cells have feedback.1. Journalize the adjusting entries necessary on June 30, 2019.How does grading work?PAGE 10JOURNALACCOUNTING EQUATIONScore: 118/126DATEDESCRIPTIONPOST. REF.DEBITCREDITASSETSLIABILITIESEQUITY1 Adjusting Entries 2✔✔ ✔3✔ ✔4✔✔ ✔✔5✔ ✔✔6✔✔ ✔✔7✔ ✔✔8✔✔ ✔9✔ ✔10✔✔ ✔✔11✔ ✔✔Points:23.41 / 25FeedbackCheck My Work1. Keep in mind that you will be making an adjusting entry for each of these that affects at least one income statement account (revenue or expense) and one balance sheet account (asset or liability). As you go through each of these, consider both sides of the transaction that results in an adjusting entry and identify related accounts. Remember, four different categories of adjusting entries include prepaid expenses (deferred expenses), unearned revenues (deferred revenues), accrued expenses (accrued liabilities), and accrued revenues (accrued assets) plus the adjustment for depreciation expense.
XFinal QuestionsShaded cells have feedback.2. Determine the revenues, expenses, and net income of Milbank Repairs & Service before the adjusting entries.Question not attempted.Score: 0/12Before Adjusting Entries1Revenues2Expenses3Net income
"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"
Mild Cognitive Impairment A Cluster Analysis A Significant Impetus Underlying Cu
/in Uncategorized /by developerDo NOT include quotes. Instead, read the research and provide a summary in your own words. A major goal of this course is to get students to read, understand, and summarize published research. Tossing in a quote does not build this, or any, skill. Use of quotes will result in a one-grade letter deduction.Over reliance on quotes will result in failure of this assignment.
Submit: APA formatted introduction section with title page, running head, page numbers, etc—but no abstract (yet). Please submit .doc or .docx
Finally, this Example Literature Review may help you out as well. (attached)
Running head: ANALYSIS OF STUDY TIME AND COSTS ASSOCIATED Analysis of Study Time and Costs AssociatedNameInstitution 1 ANALYSIS OF STUDY TIME AND COSTS ASSOCIATED 2 Analysis of Study Time and…
"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"
Mildred Is A 75 Year Old Retired School Teacher Who Lives In On The Gulf Coast O
/in Uncategorized /by developerMildred is a 75-year-old retired school teacher who lives in on the gulf coast of Florida. About a year ago, Mildred lost her husband of fifty years. Mildred has three children, two of whom live out of state. Her youngest daughter, Charlene, lives about an hour away. Mildred has been retired for nine years.
Despite the demands of her teaching career, Mildred always managed to prepare and serve evening meals for her family. During retirement, she continued this routine of cooking for herself and her late husband Vernon. Now that she is living alone, Mildred continues to live independently preparing her own meals and doing light housekeeping. She has realized, however, that it is difficult to cook for only one person. On the positive side, Mildred is occasionally inspired to cook a creative meal and freeze the leftovers for later use. In recent months, Mildred has become increasingly passive about cooking and has started skipping some meals. She especially tends to forgo dinner. Some days she snacks or eats what is available in her refrigerator. She has also stopped her only form of exercise, walking on a daily basis.
Mildred prefers to live independently but Charlene, her daughter, is concerned about her mother’s change of behavior and knows that her health will decline if her nutrition doesn’t improve.
What advice would you give to Mildred?
What could she do to improve her appetite and motivation to cook?
"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"
Mileage 30 3 31 32 32 5 32 31 4 31 29
/in Uncategorized /by developerAssuming bad debt ratios for Ohio banks are normally distributed, use the sample results give above to test the hypotheses you set up in part (a) with a α = .01. Interpret the outcome of the test.
Note: In other words please show step by steps calculations! Forecasting Methods Business
"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"
Miles From Home 2 5 30 2 The Following Graph Shows A Jogger S Distance From Home
/in Uncategorized /by developerWhat are the intercepts of this function, and what do they tell you in practical terms? On what interval(s) is this function increasing? Decreasing? Constant? Write few sentences that could describe this jogger’s trip to someone who hasn’t seen this graph.
Miles from home2.5302. The following graph shows a jogger’s distance from home as a function of the number of minutesafter 6:30 pm on a particular evening. What are the intercepts of this function, and what do theytell you in practical terms? On what interval(s) is this function increasing? Decreasing? Constant?Write a few sentences that could describe this jogger’s trip to someone who hasn’t seen this graph.Minutes after 6:30 pm5060100
"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"
Miles Metals Recently Reported 12 000 Of Sales 4 000 Of Operation Costs Other Th
/in Uncategorized /by developerMiles metals recently reported $12,000 of sales $4,000 of operation costs other than depreciation, and $1,500 of deprecation. The company had no amortization charges, it had $3,000 of bonds that carry a 5% interest rate its federal-plus-state income tax rate was 40%. What was ne cash flow?
"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"