You Have Been Hired as the Accountant for a Newly

question 93

Essay

You have been hired as the accountant for a newly formed real estate company called Porter Real Estate Limited. The following business transactions occurred during the month of September, 2013:
1. Shareholders invest $50,000 in cash for 10,000 common shares to start a real estate office.
2. Signed a lease for office space.
3. Paid $200 cash for office supplies
4. Purchased office equipment for $6,000, paying $2,500 in cash and signing a 30-day, note payable for the remainder.
5. Purchased $100 of office supplies on account.
6. Real estate commissions billed to clients amount to $5,400.
7. Paid $700 in cash for the current month's rent.
8. Paid $50 cash on account for office supplies purchased in transaction 5.
9. Received a bill for $500 for advertising for the current month.
10. Paid $2,500 cash for office salaries.
11. Paid $1,000 cash dividends to shareholders.
12. Received a cheque for $3,000 from a client in payment on account for commissions billed in transaction 6.
Record the transactions for September, 2013.

Understand the risks and preventive measures for Alzheimer's disease.

Comprehend the role and significance of insulin in metabolism.

Recognize the therapeutic approaches and challenges in managing Alzheimer's disease.

Identify the importance of diet and lifestyle in managing Type 1 and Type 2 diabetes.

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Definitions:

Future Purchases

Refer to transactions that are expected to occur in the future, based on patterns, intentions, or marketing strategies.

Form Utility

The value added to goods through changes in their form or composition, making them more desirable or useful to consumers.

Digital Marketspace

An online environment where goods and services are bought and sold.

Customer Value

The perception of what a product or service is worth to a customer versus the possible alternatives, weighted by the quality and benefits it provides.