On April 1, 20Y8, Maria Adams established Custom Realty. Maria completed the following transactions during the month of April: a. Opened a business bank account with a deposit of $25,000 in exchange for common stock.
b. Purchased supplies on account, $2,520.
c. Paid creditor on account, $1,590.
d. Earned sales commissions, receiving cash, $25,700.
e. Paid rent on office and equipment for the month, $5,040.
f. Paid dividends, $8,000.
g. Paid automobile expenses for month, $2,420, and miscellaneous expenses, $1,160.
h. Paid office salaries, $3,030.
i. Determined that the cost of supplies on hand was $850; therefore, the cost of supplies used was $1,670.

Required:
Indicate the effect of each transaction and the balances after each transaction.

Companies hd and ld are both profitable, and they have the same total assets (ta), total invested capital, sales (s), return on assets (roa), and profit margin (pm). both firms finance using only debt and common equity. however, company hd has the higher total debt to total capital ratio. which of the following statements is correct? a) company hd has a higher assets turnover than company ld. b) company hd has a higher return on equity than company ld. c) none of the other statements are correct because the information provided on the question is not enough. d) company hd has lower total assets turnover than company ld. e) company hd has a lower operating income (ebit) than company ld

Martinez company has the following two temporary differences between its income tax expense and income taxes payable. 2017 2018 2019 pretax financial income $873,000 $866,000 $947,000 (2017' 2018, 2019) excess depreciation expense on tax return (29,400 ) (39,000 ) (9,600 ) (2017' 2018, 2019) excess warranty expense in financial income 20,000 9,900 8,300 (2017' 2018, 2019) taxable income $863,600 $836,900 $945,700(2017' 2018, 2019) the income tax rate for all years is 40%. instructions: a. prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2017, 2018, and 2019. b. assuming there were no temporary differences prior to 2016, indicate how deferred taxes will be reported on the 2016 balance sheet. button's warranty is for 12 months. c. prepare the income tax expense section of the income statement for 2017, beginning with the line, "pretax financial income."

If the family’s net monthly income is 7,800 what percent of the income is spent on food clothing and housing?