Creative designs, a firm providing art services for advertisers, began business on june 1, 2014. the following accounts in its general ledger are needed to record the transactions for june: cash; accounts receivable; supplies; office equipment; accounts payable; common stock; retained earnings; service fees earned; rent expense; utilities expense; and salaries expense. record the following transactions for june

(a) using the financial statement effects template and
(b) in journal entry form.
(c) set up t-accounts for each of the ledger accounts and post the entries to them (key the numbers in t-accounts by date).

Precision dyes is analyzing two machines to determine which one it should purchase. the company requires a rate of return of 15 percent and uses straight-line depreciation to a zero book value over the life of its equipment. ignore bonus depreciation. machine a has a cost of $462,000, annual aftertax cash outflows of $46,200, and a four-year life. machine b costs $898,000, has annual aftertax cash outflows of $16,500, and has a seven-year life. whichever machine is purchased will be replaced at the end of its useful life. which machine should the company purchase and how much less is that machine's eac as compared to the other machine's

Which of the following is an example of a positive externality? a. promoting generic drugs would benefit people. b. a lower inflation rate would benefit most consumers. c. compulsory flu shots for all students prevents the spread of illness in the general public. d. singapore has adopted a comprehensive savings plan for all workers known as the central provident fund.

Amanufacturer has paid an engineering firm $200,000 to design a new plant, and it will cost another $2 million to build the plant. in the meantime, however, the manufacturer has learned of a foreign company that offers to build an equivalent plant for $2,100,000. what should the manufacturer do?