Peterson photoshop sold $1,400 in gift cards on a special promotion on october 15, 2018, and sold $2,100 in gift cards on another special promotion on november 15, 2018. of the cards sold in october, $140 were redeemed in october, $350 in november, and $420 in december. of the cards sold in november, $210 were redeemed in november and $490 were redeemed in december. peterson views the probability of redemption of a gift card as remote if the card has not been redeemed within two months. at 12/31/2018, peterson would show an deferred revenue account for the gift cards with a balance of:

$0
$1,890
$1,400
$2,100

Ming chen began a professional practice on june 1 and plans to prepare financial statements at the end of each month. during june, ming chen (the owner) completed these transactions. a. owner invested $61,000 cash in the company along with equipment that had a $25,000 market value. b. the company paid $1,900 cash for rent of office space for the month. c. the company purchased $15,000 of additional equipment on credit (payment due within 30 days). d. the company completed work for a client and immediately collected the $2,100 cash earned. e. the company completed work for a client and sent a bill for $7,000 to be received within 30 days. f. the company purchased additional equipment for $5,500 cash. g. the company paid an assistant $3,000 cash as wages for the month. h. the company collected $5,200 cash as a partial payment for the amount owed by the client in transaction e. i. the company paid $15,000 cash to settle the liability created in transaction c. j. owner withdrew $1,500 cash from the company for personal use. required: enter the impact of each transaction on individual items of the accounting equation. (enter decreases to account balances with a minus sign.)

Acorporation a. can use different depreciation methods for tax and financial reporting purposes b. must use the straight - line depreciation method for tax purposes and double declining depreciation method financial reporting purposes c. must use different depreciation method for tax purposes, but strictly mandated depreciation methods for financial reporting purposes d. can use straight- line depreciation method for tax purposes and macrs depreciation method financial reporting purposes

You need $87,000 in 12 years. required: if you can earn .54 percent per month, how much will you have to deposit today?