Roger has just opened today a savings account paying 4 percent interest, compounded annually. The savings account will be worth $25,000 in 4 years. He does not plan on putting any more money in this account or taking out any amount from the account.

Pick the correct statement related to Roger's savings from below.

a. Roger will earn the same amount of interest each year for four years.
b. Roger will earn simple interest on his savings every year for four years.
c. Roger could have deposited less money today and still had $25,000 in four years if the account paid a higher rate of interest.
d. Roger has an account currently valued at $25,000.
e. Roger could earn more interest on this account if the interest earnings were withdrawn annually.

What is the proper adjusted cash balance per bank? (round answers to 2 decimal places, e.g. 52.75.) the proper adjusted cash balance per bank $enter a dollar amount rounded to 2 decimal places (b) what is the proper adjusted cash balance per books? (round answers to 2 decimal places, e.g. 52.75.) the proper adjusted cash balance per books

During the first month of operations, martinson services, inc., completed the following transactions: jan 2 martinson services received $65,000 cash and issued common stock to the stockholders. 3 purchased supplies, $1,000, and equipment, $12,000, on account. 4 performed services for a customer and received cash, $5,500. 7 paid cash to acquire land, $39,000. 11 performed services for a customer and billed the customer, $4,100. martinson expects to collect within one month 16 paid for the equipment purchased january 3 on account. 17 paid for newspaper advertising, $600. 18 received partial payment from customer on account, $2,000. 22 paid the water and electricity bills, $430. 29 received $2,600 cash for servicing the heating unit of a customer. 31 paid employee salary, $2,900. 31 declared and paid dividends of $1,800. requirements 1. record each transaction in the journal. key each transaction by date. explanations are not required. 2. post the transactions to the t-accounts, using transaction dates as posting references. label the ending balance of each account bal, as shown in the chapter. 3. prepare the trial balance of martinson services, inc., at january 31 of the current year. 4. mark martinson, the manager, asks you how much in total resources the business has to work with, how much it owes, and whether january was profitable (and by how much)?

Acompany using the perpetual inventory system purchased inventory worth $540,000 on account with credit terms of 2/15, n/45. defective inventory of $40,000 was returned 2 days later, and the accounts were appropriately adjusted. if the company paid the invoice 20 days later, the journal entry to record the payment would be