You are given a choice of taking the simple interest on 100,000 invested for 2 years

E3-4 A tabular analysis of the transactions made during August 2010 by Witten Company during its first month of operation. Hint: Analyze transaction and compare net income (SO 1) (a) describe each transaction (b) Determine how much stockholder's equity increased for the month (c) Compute the net income for the month (Second question)- E3-9 Transaction data and journal entries for Pickert Real Estate Agency are presented in E3-7 and E3-8 Hint: Post journal entries and prepare a trail balance (SO 7&8 Instructions are: (a) Post the transactions to T accounts (b) Prepare a trial balance at October 31, 2010 (Third question)- P3-5A Sunflower Architects incorporated as licensed architects on April 1, 2010. During the first month of the operation of the business, these events and transactions occurred: April 1 Stockholders invested $15,000 cash in exchange from common stock of the corporation. April 1 Hired a secretary-receptionist at a salary of $375 per week, payable monthly. April 2 Paid office rent for the month $900. April 3 Purchased architectural supplies on account from Spring Green Company $1,000. April 10 Completed blueprints on a carport and billed client $1,500 for services. April 11 Received $500 cash advance from J. Madison to design a new home. April 20 Received $2,300 cahs for services completedd and delivered to M. Svetlana. April 30 Paid secretary-receptionist for the month $1,500. April 30 Paid $300 to Spring Green Company for accounts payable due. The company uses these accounts: Cash, Accounts Receivable, Supplies, Accounts Payable, Unearned Revenue, Common Stock, Service Revenue, Salaries Expense, and Rent Expense. Hint: Journalize transaction, post, and prepare a trial balance. (SO 3, 5, 6, 7, 8) Instructions:(a) Journalize the transactions, including explanations (b) Post to the ledger T accounts (c) Prepare a trial balance on April 30, 2010. Cash $15,100 Tot. trial balance $20,000 (Fourth question- P3-6A This is the trial balance of Slocombe Company on September 30 Instructions: (a) Prepare a general ledger using T accounts. Enter the opening balances in the ledger accounts as of October 1. Provision should be made for these additional accounts: Dividends, Service Revenue, Salaries Expense, and Utilities Expense. (b) Journalize the transaction, including explanations. (c) Post to the ledger accounts. (d) Prepare a trial balance on October 31, 2010. Cash $5,900 Tot. trial balance $24,600

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