Accounting homework help

Get free Accounting homework help here or go to homework help

STATS homework help!!

Its due at 5 this afternoon, please see the attachments

Attachments: 

financial statement analisis

Please read carefully, due date 4/21/15 4 to 6 hours

annual report

Please read instructions on attachment carefully.  Due date 4/21/15 4 to 6 hours or less.

Record the following transactions in the basic accounting equation_Answer

 

Part A

Record the following transactions in the basic accounting equation:

a.Brian invests $10,000 cash to begin an accounting service.

b.The company buys office furniture for cash, $600.

c.The company buys additional office furniture on account, $300.

d.The company makes a payment on the office furniture, $200.

Brian’s Accounting Service

ASSETS = LIABILITIES + OWNER’S EQUITY

Cash + Office Furniture = Accounts Payable + Brian’s Capital

Part B

Alex is 31 years old and has lived in Los Alamos, New Mexico, for the last four years where he works at the Los Alamos National Laboratory (LANL)

Alex is 31 years old and has lived in Los Alamos, New Mexico, for the last four years where he works at the Los Alamos National Laboratory (LANL). LANL provides employees with a 401(k) plan and for every $1 an employee contributes (up to 9 percent of the employee’s salary) LANL contributes $3 (a 3 to 1 match). The plan provides a six-year graded vesting schedule. Alex is now in his fifth year working for LANL, and his current year salary is $150,000. Alex’s marginal tax rate is 28 percent in 2014. Answer the following questions relating to Alex’s retirement savings in 2014.

Syndicate content