Below are the transactions for Salukis Car Cleaning for June, the first month of operations. June 1 Obtain a loan of $62,000 from the bank by signing a note.
June 2 Issue common stock in exchange for cash of $32,000.
June 7 Purchase car wash equipment for $67,000 cash.
June 10 Purchase cleaning supplies of $7,200 on account.
June 12 Wash 420 cars for $10 each. All customers pay cash.
June 16 Pay employees $820 for work performed.
June 19 Pay for advertising in a local newspaper, costing $420.
June 23 Wash 520 cars for $10 each on account.
June 29 Pay employees $870 for work performed.
June 30 A utility bill of $1,320 for the current month is paid.
June 30 Pay dividends of $520 to stockholders.

Required:
a. Record each transaction.
b. Post each transaction to the appropriate T-accounts.
c. Calculate the balance of each account.
d. Prepare a trial balance for June.

Chance company had two operating divisions, one manufacturing farm equipment and the other office supplies. both divisions are considered separate components as defined by generally accepted accounting principles. the farm equipment component had been unprofitable, and on september 1, 2018, the company adopted a plan to sell the assets of the division. the actual sale was completed on december 15, 2018, at a price of $600,000. the book value of the division’s assets was $1,000,000, resulting in a before-tax loss of $400,000 on the sale. the division incurred a before-tax operating loss from operations of $130,000 from the beginning of the year through december 15. the income tax rate is 40%. chance’s after-tax income from its continuing operations is $350,000. required: prepare an income statement for 2018 beginning with income from continuing operations. include appropriate eps disclosures assuming that 100,000 shares of common stock were outstanding throughout the year. (amounts to be deducted should be indicated with a minus sign. round eps answers to 2 decimal places.)

Pederson company reported the following: manufacturing costs $480,000 units manufactured 8,000 units sold 7,500 units sold for $90 per unit beginning inventory 2,000 units what is the average manufacturing cost per unit? (round the answer to the nearest dollar.)

Danielle enjoys working as a certified public accountant (cpa) and assisting small businesses and individuals with managing their finances and taxes. which general area of accounting is her specialty? danielle specialized in