The MBR Company Began Operations on January 1,2012,and on That

question 79

Essay

The MBR Company began operations on January 1,2012,and on that date,$15,000 of common stock was issued for cash.In addition,MBR borrowed $10,000 from the bank.The company provided services to its customers during 2012 and received $18,000 cash.During the year,it paid $20,000 cash for land,$5,000 for salaries,and $3,000 for cash dividends to the owners.
Required:
a)Draw an accounting equation and record the effects of each transaction under the appropriate heading.(Use specific accounting titles below the major headlines)
b)Prepare an income statement and a balance sheet for the 2012 accounting period.

Plan appropriate nursing interventions for patients with adult ADHD.

Identify resources to support patients and families coping with the stigma of mental illness.

Recognize the potential for employment in patients with severe and persistent mental illness and formulate appropriate responses.

Identify the initial nursing priorities for homeless patients with severe and persistent mental illness.

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Definitions:

Retained Earnings

The portion of a company's net income that is held or retained for reinvestment in the business or to pay debt, rather than being paid out as dividends.

Stock Dividend

A stock dividend is a payment made by a corporation to its shareholders in the form of additional shares, rather than paying dividends in cash, indicating investment back into the company.

Cash Dividend

A payment made by a company out of its earnings to shareholders, usually in the form of cash.

Dividends Payable

A liability indicating the amount of dividends that a company has declared to pay out to its shareholders but has not yet paid.