Accounts receivable subsidiary ledger OBJ. 2 The revenue and cash receipts journals for Polaris Productions Inc. follow. The accoun receivable control account has a January 1, 20Y4, balance of $3,790 consisting of an amount due from Clear Pointe Studios Inc REVENUE JOURNAL Page 16 Invoice No. Account Debited Date Post. Ref Accts. Rec. Dr. Fees Earned Cr. 20Y4 Jan. 6 2,300 5,100 3 Echo B 2,980 25 4 Clear Pointe Studios Inc. 1,650 29 3,650 15,680 (12) (41) CASH RECEIPTS JOURNAL Page 36 Fees Accts. Rec. Cash Earned Cr. Post. Ref. Date Account Credited Dr. 20Y4 3,790 6 Clear Pointe Studios Inc. 3,790 Jan. 3,200 3,200 18 Echo Broadcasting Co. 2,300 2,300 5,100 5,100 28 Gold Coast Media Inc. 11,190 3,200 14,390 31 (41) Prepare a listing of the accounts receivable customer balances and verify that the total s with the ending balance of the accounts receivable controlling account. agree

James albemarle created a trust fund at the beginning of 2016. the income from this fund will go to his son edward. when edward reaches the age of 25, the principal of the fund will be conveyed to united charities of cleveland. mr. albemarle specified that 75 percent of trustee fees are to be paid from principal. terry jones, cpa, is the trustee. james albemarle transferred cash of $500,000, stocks worth $400,000, and rental property valued at $250,000 to the trustee of this fund. immediately invested cash of $360,000 in bonds issued by the u.s. government. commissions of $7,900 are paid on this transaction. incurred permanent repairs of $9,000 so that the property can be rented. payment is made immediately. received dividends of $8,000. of this amount, $3,000 had been declared prior to the creation of the trust fund. paid insurance expense of $4,000 on the rental property. received rental income of $10,000. paid $8,000 from the trust for trustee services rendered. conveyed cash of $7,000 to edward albemarle.

Christopher kim, cfa, is a banker with batts brothers, an investment banking firm. kim follows the energy industry and has frequent contact with industry executives. kim is contacted by the ceo of a large oil and gas corporation who wants batts brothers to underwrite a secondary offering of the company's stock. the ceo offers kim the opportunity to fly on his private jet to his ranch in texas for an exotic game hunting expedition if kim's firm can complete the underwriting within 90 days. according to cfa institute standards of conduct, kim: a) may accept the offer as long as he discloses the offer to batts brothers.b) may not accept the offer because it is considered lavish entertainment.c) must obtain written consent from batts brothers before accepting the offer.

“strategy, plans, and budgets are unrelated to one another.” do you agree? explain. explain how the manager’s choice of the type of responsibility center (cost, revenue, profit, or investment) affects the behavior of other employees.