Emily valley is a licensed dentist. during the first month of the operation of her business, the following events and transactions occurred. april 1 invested $20,000 cash in her business. 1 hired a secretary-receptionist at a salary of $700 per week payable monthly. 2 paid office rent for the month $1,100. 3 purchased dental supplies on account from dazzle company $4,000. 10 performed dental services and billed insurance companies $5,100. 11 received $1,000 cash advance from leah mataruka for an implant. 20 received $2,100 cash for services performed from michael santos. 30 paid secretary-receptionist for the month $2,800. 30 paid $2,400 to dazzle for accounts payable due. emily uses the following chart of accounts: no. 101 cash, no. 112 accounts receivable, no. 126 supplies, no. 201 accounts payable, no. 209 unearned service revenue, no. 301 owner’s capital, no. 400 service revenue, no. 726 salaries and wages expense, and no. 729 rent expense. instructions (a) journalize the transactions. (b) post to the ledger accounts. (c) prepare a trial balance on april 30, 2017.

9. tax types: taxes are classified based on whether they are applied directly to income, called direct taxes, or to some other measurable performance characteristic of the firm, called indirect taxes. identify each of the following as a “direct tax,” an “indirect tax,” or something else: a. corporate income tax paid by a japanese subsidiary on its operating income b. royalties paid to saudi arabia for oil extracted and shipped to world markets c. interest received by a u.s. parent on bank deposits held in london d. interest received by a u.s. parent on a loan to a subsidiary in mexico e. principal repayment received by u.s. parent from belgium on a loan to a wholly owned subsidiary in belgium f. excise tax paid on cigarettes manufactured and sold within the united states g. property taxes paid on the corporate headquarters building in seattle h. a direct contribution to the international committee of the red cross for refugee relief i. deferred income tax, shown as a deduction on the u.s. parent’s consolidated income tax j. withholding taxes withheld by germany on dividends paid to a united kingdom parent corporation

Why should managers invest any excess cash

Which term best fits the sentence? is the process of reasoning, analyzing, and making important decisions. it’s an important skill in making career decisions. a. critical thinking b. weighing pros and cons c. goal setting