- b. Purchased a small building for 600,000 to be used as an office. Paid 100,000 in cash and signed a note payable promising to pay the balance over several years. c. Purchased 3,000 of office supplies for cash. d. Purchased 72,000 of office equipment on credit e. Littlechild made reservations at a hotel hosting a kitchen and bath design conference in August 2023 He will send a 1,000 deposit on July 1,2023 f. Completed a project on credit and billed the client 5,200 for the work. g. Paid a local online newspaper 3,500 for an announcement that the office had opened h. Completed a project for a client and collected 4,000 cash. i. Made a 4,000 payment on the equipment purchased in (d). j. Received 2,500 from the client described in (f) k. Paid 7,000 cash for the office secretary's wages. I. Littlechild withdrew 3,600 cash from the company bank account to pay personal living expenses. Required: 182. Complete the following table. Use additions and subtractions to show the transactions' effects on the elements of the equation. For each change in equity, select whether the change was caused by an investment, a revenue , an expense, or a withdrawal. Determine the final total for each item and verify that the equation is in balance. (Enter all amounts as positive values. If the does not affect equity or does not require a journal entry, select "No Affect on Equity"in the 'Explanation of equity transaction' field.)
- D Question 15 1 pts The abbreviation WOW stands for: Workstation of workers Weight over weight Wheels on wheelchair Workstation on wheels Question 16 1 pts Which of the following is TRUE of the hold button? When a caller is placed on hold, it is not possible to answer calls from other extensions Patient confidentiality is breached when a call is placed on hold One should return to the caller every 2 or 3 minutes to update the continuing hold If a call requires a lengthy hold, the caller should be asked whether he would like to remain on hold or would prefer to leave a return call number
- c.i.f. refers to. Cost, insurance, and factor Cost, insurance, and freight Cost, investment, and freight Cost, immigration, and freight
- Identify one of the benefits of partnership. Limitations on transferability Profit sharing Unlimited personal liability Lower costs
- Q1.5 [2.0 PTS] A strategic alliance is a cooperative arrangement among businesses that may involve joint research ,tec or joint use of productions. False True
