Received four shareholders' contributions totaling $29,000 cash to form the corporation; issued 500 shares of $0.10 par value common stock. Paid three months' rent for the store at $1,810 per month (recorded as prepaid expenses). Purchased and received candy for $6,200 on account, due in 60 days. Purchased supplies for $1,330 cash. Negotiated and signed a two-year $11,000 loan at the bank, receiving cash at the time. Used the money from (e) to purchase a computer for $3,450 (for recordkeeping and inventory tracking); used the balance for furniture and fixtures for the store. Placed a grand opening advertisement in the local paper for $430 cash; the ad ran in the current month. Made sales on Valentine's Day totaling $3,500; $2,625 was in cash and the rest on accounts receivable. The cost of the candy sold was $1,700. Made a $620 payment on accounts payable. Incurred and paid employee wages of $1,600. Collected accounts receivable of $190 from customers. Made a repair to one of the display cases for $105 cash. Made cash sales of $3,100 during the rest of the month. The cost of the candy sold was $1,910.

1tanner invested $135,000 cash along with office equipment valued at $32,400 in the company in exchange for common stock. 2 the company prepaid $7,200 cash for 12 months’ rent for office space. (hint: debit prepaid rent for $7,200.) 3 the company made credit purchases for $16,200 in office equipment and $3,240 in office supplies. payment is due within 10 days. 6 the company completed services for a client and immediately received $2,000 cash. 9 the company completed a $10,800 project for a client, who must pay within 30 days. 13 the company paid $19,440 cash to settle the account payable created on april 3. 19 the company paid $6,000 cash for the premium on a 12-month insurance policy. (hint: debit prepaid insurance for $6,000.) 22 the company received $8,640 cash as partial payment for the work completed on april 9. 25 the company completed work for another client for $2,640 on credit. 28 the company paid $6,200 cash in dividends. 29 the company purchased $1,080 of additional office supplies on credit. 30 the company paid $700 cash for this month’s utility bill. prepare general journal entries to record these transactions. 2. post the journal entries from part 1 to the ledger accounts.

Mai and chuck have been divorced since 2012. they have three boys, ages 6, 8, and 10. all of the boys live with mai and she receives child support from chuck. mai and chuck both work and the boys need child care before and after school. te boys attend the fun house day care center and mai paid them $2,000 and chuck paid them $3,000. mai's agi is $18,000 and chuck's is $29,000. mai will claim two of the boys as dependents. she signed form 8332 which allows chuck to claim one of the boys. who can take the child and dependent care credit?

River corp's total assets at the end of last year were $415,000 and its net income was $32,750. what was its return on total assets? a. 7.89%b. 8.29%c. 8.70%d. 9.14%e. 9.59%