4.3 Positive and Courteous Expression (L. O. 4) YOUR TASK Revise the following statements to make them
more positive and courteous.
a. Construction on your building is at a standstill because
the contractor is unable to pour footings until the soil is
no longer soggy.
b. A passport cannot be issued until an application is
completed and a recent photo is included.
c. Your message of April 1 claims that the blade in your
food processor malfunctioned. Although you apparently failed to read the operator’s manual, we are sending you a replacement blade PLUS another manual. Next
time read page 18 carefully so that you will know how to
attach this blade.
d. Customers are ineligible for the 25 percent discount
if they fail to provide the discount code at the time of
purchase.
e. As team leader, you apparently failed to remember that
you have already assigned me two gigantic and complex
research tasks, and now you have dumped another big
job on me—one that I can’t possibly begin until after I
finish the other two jobs.
f. We regret to announce that we can offer the 50 percent
discount only to the the first 25 buyers, so act quickly

Ming chen began a professional practice on june 1 and plans to prepare financial statements at the end of each month. during june, ming chen (the owner) completed these transactions. a. owner invested $61,000 cash in the company along with equipment that had a $25,000 market value. b. the company paid $1,900 cash for rent of office space for the month. c. the company purchased $15,000 of additional equipment on credit (payment due within 30 days). d. the company completed work for a client and immediately collected the $2,100 cash earned. e. the company completed work for a client and sent a bill for $7,000 to be received within 30 days. f. the company purchased additional equipment for $5,500 cash. g. the company paid an assistant $3,000 cash as wages for the month. h. the company collected $5,200 cash as a partial payment for the amount owed by the client in transaction e. i. the company paid $15,000 cash to settle the liability created in transaction c. j. owner withdrew $1,500 cash from the company for personal use. required: enter the impact of each transaction on individual items of the accounting equation. (enter decreases to account balances with a minus sign.)

Amachine purchased three years ago for $720,000 has a current book value using straight-line depreciation of $400,000: its operating expenses are $60,000 per year. a replacement machine would cost $480,000, have a useful life of nine years, and would require $26,000 per year in operating expenses. it has an expected salvage value of $130,000 after nine years. the current disposal value of the old machine is $170,000: if it is kept 9 more years, its residual value would be $20,000. calculate the total costs in keeping the old machine and purchase a new machine. should the old machine be replaced?

Transactions that affect earnings do not necessarily affect cash. identify the effect, if any, that each of the following transactions would have upon cash and net income. the first transaction has been completed as an example. (if an amount reduces the account balance then enter with negative sign preceding the number e.g. -15,000 or parentheses e.g. (15, cash net income (a) purchased $120 of supplies for cash. –$120 $0 (b) recorded an adjustment to record use of $35 of the above supplies. (c) made sales of $1,370, all on account. (d) received $700 from customers in payment of their accounts. (e) purchased equipment for cash, $2,450. (f) recorded depreciation of building for period used, $740. click if you would like to show work for this question: open show work