Journalize the transactions of lambert engineering. include an explanation with each journal entry. use the following accounts: cash; accounts receivable; office supplies; equipment; accounts payable; notes payable; common stock; dividends; service revenue; utilities expense. (record debits first, then credits. select the explanation on the last line of the journal entry table.) july 2: received $18,000 contribution from bobby lambert in exchange for common stock. july 4: paid utilities expense of $380. july 5: purchased equipment on account, $1,700. july 10: performed services for a client on account $2,500. july 12: borrowed $7,600 cash, signing a notes payable. july 19: cash dividends of $650 were paid to stockholders. july 21: purchased office supplies for $870 and paid cash. july 27: paid the liability from july 5.

Reliability and validity reliability and validity are two important considerations that must be made with any type of data collection. reliability refers to the ability to consistently produce a given result. in the context of psychological research, this would mean that any instruments or tools used to collect data do so in consistent, reproducible ways. unfortunately, being consistent in measurement does not necessarily mean that you have measured something correctly. to illustrate this concept, consider a kitchen scale that would be used to measure the weight of cereal that you eat in the morning. if the scale is not properly calibrated, it may consistently under- or overestimate the amount of cereal that’s being measured. while the scale is highly reliable in producing consistent results (e.g., the same amount of cereal poured onto the scale produces the same reading each time), those results are incorrect. this is where validity comes into play. validity refers to the extent to which a given instrument or tool accurately measures what it’s supposed to measure. while any valid measure is by necessity reliable, the reverse is not necessarily true. researchers strive to use instruments that are both highly reliable and valid.

Jacob is a member of wcc (an llc taxed as a partnership). jacob was allocated $155,000 of business income from wcc for the year. jacob’s marginal income tax rate is 37 percent. the business allocation is subject to 2.9 percent of self-employment tax and 0.9 percent additional medicare tax. (round your intermediate calculations to the nearest whole dollar a) what is the amount of tax jacob will owe on the income allocation if the income is not qualified business income? b) what is the amount of tax jacob will owe on the income allocation if the income is qualified business income (qbi) and jacob qualifies for the full qbi duduction?

On april 1, the cash account balance was $46,220. during april, cash receipts totaled $248,600 and the april 30 balance was $56,770. determine the cash payments made during april.