The following transactions are july activities of craig’s bowling, inc., which operates several bowling centers (for games and equipment sales). craig's provided to customers bowling merchandise inventory costing craig's $4,190. [do not consider sales revenue for this question.] craig’s paid $1,800 on the electricity bill for june (recorded as expense in june). craig’s paid $4,700 to employees for work in july. craig’s purchased $1,530 in insurance for coverage from july 1 to october 1. (part is an expense for july and part is a prepaid expense to be used in future months.) craig’s paid $1,800 to plumbers for repairing a broken pipe in the restrooms. craig’s received the july electricity bill for $2,700 to be paid in august. prepare the journal entry for the above transactions. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)

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The following information is available for jase company: market price per share of common stock $25.00 earnings per share on common stock $1.25 which of the following statements is correct? a. the price-earnings ratio is 20 and a share of common stock was selling for 20 times the amount of earnings per share at the end of the year. b. the market price per share and the earnings per share are not statistically related to each other. c. the price-earnings ratio is 5% and a share of common stock was selling for 5% more than the amount of earnings per share at the end of the year. d. the price-earnings ratio is 10 and a share of common stock was selling for 125 times the amount of earnings per share at the end of the year.

Uppose that the federal reserve purchases a bond for $100,000 from donald truck, who deposits the proceeds in the manufacturer’s national bank. what will be the impact of this purchase on the supply of money? the money supply will increase by $100,000. the money supply will increase by $80,000. the money supply will increase by $500,000. this action will have no effect on the money supply. if the reserve requirement ratio is 20 percent, what is the maximum amount of additional loans that the manufacturer’s bank will be able to extend as the result of truck’s deposit? the maximum additional loans is $100,000. the maximum additional loans is $80,000. the maximum additional loans is $20,000. the maximum additional loans is $500,000. given the 20 percent reserve requirement, what is the maximum increase in the quantity of checkable deposits that could result throughout the entire banking system because of the fed’s action? this action will have no effect on the money supply. the money supply will eventually increase by $80,000. the money supply will eventually increase by $500,000. the money supply will eventually increase by $100,000.