Kingman Consulting uses the cash basis of accounting and a fiscal year ending December 31. Beginning on September 1, 2016, Kingman performs services for Renfro International at a rate of $5,000 per month. On February 12, 2017, Renfro pays Kingman $25,000 in full for a
kindly help me to solve this activity,
e4-6 Expenditures acctg entriesRecord the ff transaction s of the General Fund of Kings Co in its general ledger.
also use transaction analysis to show any effects on the general capital asset (gca) -general long term liabilities (gltl) accounts
Recreational equipment was purchased on account for $77,850.0
4. General fund was billed $700.00 by the electric utility enterprise fund for electricity for the month
payment were approved and made for the recreational equioment and the electricity $78,550.00
6. accrued , unpaid payroll at year end amounted to $2,700.00
Q1. Kinggo Inc.difference
Q2
2A. Base on Q2, Pinecrest is able to negotiate a reduction in the fixed ordering costs to $250.00 per order, but Pinecrest decides to carry a safety stock of 42 days of memory chip sales. With the reduced fixed ordering cost and the increased average inventory due to the safety stock carried, what is the additional total inventory costs due to the decision to balance out uncertainty by carrying the specified safety stock?
Q3. Marina Inc. purchases 100,000 office chairs every year. Ordering costs are $95.00 per order and carrying costs are $3.75 per chair. What is Marina Inc. total inventory cost per year, including both carrying costs and ordering costs, if Marina Inc. orders the EOQ of office chairs?
Kingery Sales Company has the following selected accounts after posting adjusting entries:Accounts Payable$ 42,000Notes Payable, 3-month50,000Accumulated Depreciation—Equipment14,000Notes Payable, 5-year, 6%80,000Payroll Tax Expense4,000Interest Payable3,000Mortgage Payable120,000Sales Tax Payable38,000InstructionsPrepare the current liability section of Kingery Sales Company’s balance sheet, assuming $20,000 of the mortgage is payable next year.
Balance, August 1 $18,770
Bank debit memorandum:
August deposits 71,370
Safety deposit box fee$ 105
Checks cleared in August 68,598
Service charge 130
Bank credit memorandum:Balance,
August 3 121,432
Interest earned 125
Hint:
Outstanding checks:
Kingbird Corporation ( E & P of $800,000) has 1,000 shares of stock outstanding. That stock is held by Amata (550 shares) and Esteban (450 shares), who are unrelated individuals. Kingbird redeems 200 of Amata’s shares for $1000 per share. Amata paid $300 per share for her stock nine years ago. Which of the following statements is correct with respect to the stock redemption? A.Amata has dividend income of $200,000B.Amata has a long-term capital gain of $140,000C.Amata’s basis in her remaining 350 shares is $60,000D. Kingbird reduces its E & P by $200,000E. None
Kingbird Corporation ( E & P of $800,000) has 1,000 shares of stock outstanding. That stock isheld by Amata (550 shares) and Esteban (450 shares), who are unrelated individuals. Kingbird…
KIssinger and CambodiaHow Kissinger was able to get Cambdia bombed. The effect of this action on the country and its consequences for the development of the Khmer Rouge.
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Kiss the Sky Enterprises has bonds on the market making annual payments, with 13 years to maturity, and selling for $1,045. At this price, the bonds yield 7.5 percent. What must the coupon rate be on the bonds?
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Kisha has been homeless for over 6 years. She would like to improve her education so that she can do better for herself.
One of the realities of working in social services is that there are funding limitations that sometimes produce long waiting periods. Suppose Kisha has been waitlisted for services.
How would you maintain a working relationship and help her maintain hope while she waits?
How would you involve other agencies to address the urgency of her situation while still maintaining positive working relationships with those other agencies?
Kirk (2016) tells us that data adjustments affects what data is displayed and presentation adjustments affects how the data is displayed. Each of the adjustments involve specific features. Data adjustments include: Framing, Navigating, Animating, Sequencing, and Contributing. Presentation adjustments include: Focusing, Annotating, and Orientating. Select two features and expand on them.
400 word count and 2-3 sub headings are mandatory
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