Using the data in BE2.2, journalize the transactions. (You may omit explanations.) Data from BE 2.2: June 1 Oleg Thorn invests $5,000 cash in a small welding business of which he is the sole proprietor. 2 Purchases equipment on account for $3,600. 3 $800 cash is paid to landlord for June rent. 12 Sends a bill to K. Johnsen for $400 after completing welding work done on account.
> What uses of financial accounting information are made by (a) investors and (b) creditors?
> Maisie Taft started her own consulting fi rm, Maisie Consulting, on May 1, 2020. The following transactions occurred during the month of May. May 1 Maisie invested $7,000 cash in the business. 2 Paid $900 for offi ce rent for the month. 3 Purchased
> The following situations involve accounting principles and assumptions. 1. Sosa Company owns buildings that are worth substantially more than they originally cost. In an effort to provide more relevant information, Sosa reports the buildings at fair valu
> Transactions made by A. Marti and Co., a law firm, for the month of March are shown below. Prepare a tabular analysis which shows the effects of these transactions on the expanded accounting equation, similar to that shown in Illustration 1.8. 1. The
> Use the expanded accounting equation to answer each of the following questions. a. The liabilities of Platt Company are $90,000. Owner’s capital is $150,000; drawings are $40,000; revenues, $450,000; and expenses, $340,000. What is the amount of Platt Co
> At the beginning of the year, Gilles Company had total assets of $800,000 and total liabilities of $300,000. Answer the following questions. a. If total assets increased $150,000 during the year and total liabilities decreased $60,000, what is the amount
> On June 1, Cindy Godfrey started Divine Designs Co., a company that provides craft opportunities, by investing $12,000 cash in the business. Following are the assets and liabilities of the company at June 30 and the revenues and expenses for the month of
> Angela Duff y, president of Duff y Company, has instructed Jana Barth, the head of the accounting department for Duff y Company, to report the company’s land in the company’s accounting reports at its fair value of $170,000 instead of its cost of $100,00
> Classify the following items as investment by owner (I), owner’s drawings (D), revenues (R), or expenses (E). Then indicate whether each item increases or decreases owner’s equity. 1. Drawings. 2. Rent revenue. 3. Advertising expense. 4. Owner puts perso
> Given the accounting equation, answer each of the following questions. a. The liabilities of Berber Company are $120,000 and the owner’s equity is $230,000. What is the amount of Berber Company’s total assets? b. The total assets of Berber Company are $1
> Melissa Estes, a beginning accounting student, believes debit balances are favorable and credit balances are unfavorable. Is Melissa correct? Discuss.
> Sonya Jared opened a law offi ce on July 1, 2020. On July 31, the balance sheet showed Cash $5,000, Accounts Receivable $1,500, Supplies $500, Equipment $6,000, Accounts Payable $4,200, and Owner’s Capital $8,800. During August, the following tra
> Indicate whether each of the five statements presented below is true or false. 1. Congress passed the Sarbanes-Oxley Act to ensure that investors invest only in companies that will be profitable. 2. The standards of conduct by which actions are judged as
> Indicate whether each of the five statements presented below is true or false. 1. The three steps in the accounting process are identification, recording, and examination. 2. The accounting process includes the bookkeeping function. 3. Managerial account
> After numerous campus interviews, Travis Chase, a senior at Great Northern College, received two office interview invitations from the Baltimore offices of two large fi rms. Both firms offered to cover his out-of-pocket expenses (travel, hotel, and meals
> Natalie Koebel spent much of her childhood learning the art of cookie-making from her grandmother. They passed many happy hours mastering every type of cookie imaginable and later creating new recipes that were both healthy and delicious. Now at the star
> On April 1, Julie Spengel established Spengel’s Travel Agency. The following transactions were completed during the month. 1. Invested $15,000 cash to start the agency. 2. Paid $600 cash for April offi ce rent. 3. Purchased equipment for $3,00
> Genesis Company performs the following accounting tasks during the year. ____ Analyzing and interpreting information. ____ Classifying economic events. ____ Explaining uses, meaning, and limitations of data. ____ Keeping a systematic chronological diary
> Ellynn Kole is the assistant chief accountant at Doman Company, a manufacturer of computer chips and cellular phones. The company presently has total sales of $20 million. It is the end of the first quarter. Ellynn is hurriedly trying to prepare a trial
> After researching the different forms of business organization. Natalie Koebel decides to operate “Cookie Creations” as a proprietorship. She then starts the process of getting the business running. In November 2019, the following activities take place.
> Vera Ernst is a licensed dentist. During the fi rst month of the operation of her business, the following events and transactions occurred. April 1 Invested $20,000 cash in her business. 1 Hired a secretary-receptionist at a salary of $700 per week payab
> Pete Harcourt, a fellow student, contends that the double entry system means each transaction must be recorded twice. Is Pete correct? Explain.
> Holz Disc Golf Course was opened on March 1 by Ian Holz. The following selected events and transactions occurred during March. Mar. 1 Invested $20,000 cash in the business. 3 Purchased Rainbow Golf Land for $15,000 cash. The price consists of land $12,0
> The Starr Theater, owned by Meg Vargo, will begin operations in March. The Starr will be unique in that it will show only triple features of sequential theme movies. As of March 1, the ledger of Starr showed No. 101 Cash $3,000, No. 140 Land $24,000, No.
> The following trial balance of Sergei Asbrecht Co. does not balance. Each of the listed accounts has a normal balance per the general ledger. An examination of the ledger and journal reveals the following errors. 1. Cash received from a customer in pay
> Maquoketa Services was formed on May 1, 2020. The following transactions took place during the first month. Transactions on May 1: 1. Jay Bradford invested $40,000 cash in the company, as its sole owner. 2. Hired two employees to work in the warehouse. T
> Lennon Industries had the following transactions. 1. Borrowed $5,000 from the bank by signing a note. 2. Paid $3,900 cash for a computer. 3. Purchased $650 of supplies on account. Instructions a. Indicate what accounts are increased and decreased by eac
> Transaction data for Royale Real Estate Agency are presented in E2.4. Instructions Journalize the transactions. Data From E2.4: Oct. 1 James Royale begins business as a real estate agent with a cash investment of $17,000. 2 Hires an administrative a
> The following information relates to Royale Real Estate Agency. Oct. 1 James Royale begins business as a real estate agent with a cash investment of $17,000. 2 Hires an administrative assistant. 3 Purchases office furniture for $1,900, on account. 6 Sell
> Data for M. Acosta, interior decorator, are presented in E2.2. Instructions Journalize the transactions using journal page J1. Data from E2.2: Selected transactions for M. Acosta, an interior decorator, in her first month of business, are as follows. J
> Selected transactions for M. Acosta, an interior decorator, in her first month of business, are as follows. Jan. 2 Invested $10,000 cash in business. 3 Purchased used car for $3,000 cash for use in business. 9 Purchased supplies on account for $600. 11 B
> Kim Yi has prepared the following list of statements about accounts. 1. An account is an accounting record of either a specific asset or a specific liability. 2. An account shows only increases, not decreases, in the item it relates to. 3. Some items, su
> Transactions for the Oleg Thorn Company for the month of June are presented below. Identify the accounts to be debited and credited for each transaction. June 1 Oleg Thorn invests $5,000 cash in a small welding business of which he is the sole proprietor
> Beyers Security Company provides security services. Selected transactions for Beyers are presented below. Oct. 1 Invested $66,000 cash in the business. 2 Hired part-time security consultant. Salary will be $2,000 per month. First day of work will be Octo
> The accounts in the ledger of Prompt Delivery Service contain the following balances on July 31, 2020. Instructions Prepare a trial balance with the accounts arranged as illustrated in the chapter and fi ll in the missing amount for Cash. $ 7,640 P
> The bookkeeper for J.L. Kang Equipment Repair made a number of errors in journalizing and posting, as described below. 1. A credit posting of $525 to Accounts Receivable was omitted. 2. A debit posting of $750 for Prepaid Insurance was debited to Insuran
> Selected transactions for Bonnie Donne Company during its fi rst month in business are presented below. Sept. 1 Invested $10,000 cash in the business. 5 Purchased equipment for $14,000 paying $4,000 in cash and the balance on account. 25 Paid $3,000 ca
> Presented below is the ledger for Shumway Co. Instructions a. Reproduce the journal entries for the transactions that occurred on October 1, 10, and 20, and provide explanations for each. b. Determine the October 31 balance for each of the accounts abo
> The T-accounts below summarize the ledger of Negrete Landscaping Company at the end of the first month of operations. Instructions a. Prepare the complete general journal (including explanations) from which the postings to Cash were made. b. Prepare a
> Alma Ortiz has prepared the following list of statements about the general ledger. 1. The general ledger contains all the asset and liability accounts but no owner’s equity accounts. 2. The general ledger is sometimes referred to as simply the ledger. 3.
> Halladay Enterprises had the following selected transactions. 1. Bo Halladay invested $4,000 cash in the business. 2. Paid office rent of $840. 3. Performed consulting services and billed a client $5,200. 4. Bo Halladay withdrew $750 cash for personal us
> Ron Tost engaged in the following activities in establishing his photography studio, Shutter Bug: 1. Opened a bank account in the name of Shutter Bug and deposited $6,500 of his own money into this account as his initial investment. 2. Purchased photogra
> Victor Grimm is confused about how accounting information flows through the accounting system. He believes the flow of information is as follows. a. Debits and credits posted to the ledger. b. Business transaction occurs. c. Information entered in the jo
> Tom Rast has just rented space in a strip mall. In this space, he will open a photography studio, to be called “Picture This!” A friend has advised Tom to set up a double-entry set of accounting records in which to record all of his business transactions
> The following accounts are taken from the ledger of Macon Company at December 31, 2020. Prepare a trial balance in good form. $ 6,000 200 Notes Payable 301 Owner's Capital 157 Equipment 306 Owner's Drawings 726 Salaries and Wages Expense 101 Cash $
> Tom Rast recorded the following transactions during the month of April. Post these entries to the Cash T-account of the general ledger to determine the ending balance in cash. The beginning balance in cash on April 1 was $1,600. April 3 Cash 3,400
> Journalize the following business transactions. a. Wes Lee invests $7,000 cash in the business. b. Insurance of $800 is paid for the year. c. Supplies of $2,000 are purchased on account. d. Cash of $8,500 is received for services performed.
> M. Gonzales has the following transactions during August of the current year. Indicate (a) the effect on the accounting equation and (b) the debit-credit analysis illustrated in the textbook. Aug. 1 Opens an office as a financial advisor, investing $9,0
> Writing Shea Jonas, a fellow student, is unclear about the basic steps in the recording process. Identify and briefly explain the steps in the order in which they occur.
> Selected transactions for the Walt Bryce Company are presented in journal form below. Post the transactions to T-accounts. Make one T-account for each item and determine each account’s ending balance. J1 Date Account Titles and Exp
> Using the data in BE2.5, journalize the transactions. (You may omit explanations.) Data from BE 2.5: Aug. 1 Opens an office as a financial advisor, investing $9,000 in cash. 4 Pays insurance in advance for 6 months, $2,100 cash. 16 Receives $3,600 fr
> An inexperienced bookkeeper prepared the following trial balance. Prepare a correct trial balance, assuming all account balances are normal. Shaushank Company Trial Balance December 31, 2020 Debit Credit Cash $10,600 Prepaid Insurance Accounts Payab
> From the ledger balances given below, prepare a trial balance for the Amaro Company at June 30, 2020. List the accounts in the order shown in the textbook. All account balances are normal. Accounts Payable $8,100, Cash $5,800, Owner’s Capital $15,000, Ow
> The financial statements of Louis Vuitton are presented in Appendix F. The complete annual report, including the notes to its financial statements, is available at the company’s website. Instructions Visit Louis Vuittonâ€&#
> What is the problem in this case?
> What happened at Mercedes-Benz in East London? What is the relationship between changes in the plant, and broader institutional transformation?
> Did the fact that the plant was owned by a large multinational have any effect on outcomes? If so, what were these?
> What are the limitations of cultural approaches to comparative HRM for understanding what happened at Mercedes-Benz?
> What challenges may a heavy reliance on FDI have on a host government in terms of balancing the needs of powerful firms and employees in the host economy?
> Consider the reasons why differences remain between foreign MNCs and indigenous firms in the Irish context.
> What are the key features of HRM in Mozambique?
> Why do you think HRM in Mozambique has been characterised by many continuities?
> What role(s) do you think is most appreciated by international assignees? Why?
> Given the parallels with the original Ulrich model – what barriers and disadvantages may the envisaged shift have?
> How can GM professionals become better global people effectiveness experts? What might this work entail?
> How can GM departments achieve to become more accepted/work more like strategic advisors?
> What roles may senior managers value most?
> Explain employee reactions to culture change initiatives in this case.
> What lessons can managers learn from this case about managing culture?
> Considering the potential influence of national culture, try to identify the main problems in communication between the administrative and academic teams.
> In terms of recruitment and selection of academic staff, what are the important criteria that need to be considered?
> What should be included as key themes in cultural training programmers for the academic expatriates?
> What is the basis of cooperation between management and labour at; (a) SWA and (b) Ryanair?
> Can you foresee a time/place/circumstances when/where Ryanair might recognize a trade union (either willingly or unwillingly)?
> What is the nature of employer authority and management’s attitude towards trade unionism at; (a) SWA and (b) Ryanair
> How would you characterize the soul and the scope of trade unionism at SWA?
> Are Ryanair pilots genuinely or falsely ‘self-employed’?
> How effective are the managers at evaluating employee performance?
> What challenges do managers at Federation Hospital face when rating employee performance?
> Should Federation Hospital retain the current appraisal system? Why or why not?
> How effective is the appraisal system at Federation Hospital? Think about its impact on employee performance and retention.
> Would a feedforward system be appropriate for Federation Hospital?
> Should the CEO of Federation Hospital include a 360-degree feedback system for all managers? Why or why not?
> How would you rate the fit between the appraisal system, the objectives of the hospital and nature of the work undertaken?
> How would you characterize the alignment between Huawei’s business strategy, core values and reward practices?
> Is Huawei’s reward management framework appropriate for rewarding and incentivizing its R&D professionals? What changes should be recommended, if any?
> Would Huawei’s reward system be appropriate if the company’s business model were any different (e.g. a low cost strategy)?
> Huawei’s competitive strategy emphasizes R&D and the development of innovative capabilities. What are the advantages and disadvantages of its current reward management practices in relation to such a strategy?
> What implications did this have for skill?
> What were the main differences between the way work was organised at TCS and at Scotchem?
> Given the evidence here, what are the implications of a general increase in outsourcing work?
> How important is discretion; (a) In these two case studies, and (b) As part of skill?
> What impact would improving or increasing training have had in these companies?
> What soft skills were required in the two organizations? What sort of balance was there between soft skills and technical skills?
> What effect does an emphasis on soft skills have on workers?
> Think about another job that you are familiar with. What soft skills and what technical skills are required? Do they advantage the employee or the employer?
> How does knowing about workers’ technical skills help us to understand this?
> What effect did this have on; (a) The workers, (b) Their work and (c) Their employers? Whom did the soft skills benefit?
> Evaluate the selection process with respect to the four criteria of psychometric quality described at the start of the chapter. Can falling short on any of these criteria, in your opinion, be justified? Design a selection process for the sales associate
> How are each of the perspectives of selection – psychometric, best fit, interactive decision process and discourse – represented in the hiring process for; (a) Managers in Training and (b) Sales assistants (both ‘models’ and ‘part-time impact’ roles)?
