Scott, manufacturer of a carbonated beverage, entered into a contract with otis, owner of a baseball park, whereby otis
rented to scott a large signboard on top of the center eld wall. the contract provided that otis should letter the sign as
scott desired and would change the lettering from time to time within forty-eight hours after receipt of written request
from scott. as directed by scott, the signboard originally stated in large letters that scott would pay $100 to any ball
player hitting a home run over the sign.
in the rst game of the season, hume, the best hitter in the league, hit one home run over the sign. scott immediately
served written notice on otis instructing otis to replace the offer on the signboard with an offer to pay $50 to every
pitcher who pitched a no-hit game in the park. a week after receipt of scott’s letter, otis had not changed the wording on
the sign; and on that day, perry, a pitcher for a scheduled game, pitched a no-hit game and todd, one of his teammates,
hit a home run over scott’s sign. scott refuses to pay any of the three players. what are the rights of scott, hume, perry,
and todd?

On january 1, 2018, red flash photography had the following balances: cash, $19,000; supplies, $8,700; land, $67,000; deferred revenue, $5,700; common stock $57,000; and retained earnings, $32,000. during 2018, the company had the following transactions: 1. february 15 issue additional shares of common stock, $27,000. 2. may 20 provide services to customers for cash, $42,000, and on account, $37,000. 3. august 31 pay salaries to employees for work in 2018, $30,000. 4. october 1 purchase rental space for one year, $19,000. 5. november 17 purchase supplies on account, $29,000. 6. december 30 pay dividends, $2,700. the following information is available on december 31, 2018: 1. employees are owed an additional $4,700 in salaries. 2. three months of the rental space has expired. 3. supplies of $5,700 remain on hand. 4. all of the services associated with the beginning deferred revenue have been performed.required: 1. record the transactions that occurred during the year.2. record the adjusting entries at the end of the year.3. prepare an adjusted trial balance.4. prepare an income statement, statement of stockholders’ equity, and classified balance sheet.5. prepare closing entries.

True or false: a smart store layout moves customers in and out as fast as possible. a) true b) false

About time delivery co. incurred the following costs related to trucks and vans used in operating its delivery service: classify each of the costs as a capital expenditure or a revenue expenditure. 1. changed the oil and greased the joints of all the trucks and vans. 2. changed the radiator fluid on a truck that had been in service for the past four years. 3. installed a hydraulic lift to a van. 4. installed security systems on four of the newer trucks. 5. overhaul the engine on one of the trucks purchased three years ago. 6. rebuilt the transmission on one of the vans that had been driven 40,000 miles. the van was no longer under warranty. 7. removed a two-way radio from one of the trucks and installed a new radio with a greater range of communication. 8. repaired a flat tire on one of the vans. 9. replaced a truck's suspension system with a new suspension system that allows for the delivery of heavier loads. 10. tinted the back and side windows of one of the vans to discourage theft of contents.