Ramon opened the Quarantine Gym in August. The Following transactions occurred during the first month of the business: a) Ramon invested P100,000 in cash and 30,000 in gym equipment in the business. b) Paid P10,000 for the first month’s rent. c) Purchased supplies costing P4,000 on credit. d) Purchased exercise equipment costing P25,000. e) Recorded income for the first half of the month of P6,500 in cash and P3,500 on account. f) Received payment from a customer on account for P1600. g) Ramon withdrew P500 for a graduation gift. h) Paid aerobics instructor her salary, P3,000. i) Paid miscellaneous expense P1,500 j) Recorded income for the second half of the month of P5,600 in cash. Use the double-entry method in the accounting equation to record each of the above transactions. Summarize the final value of each account under Assets, Liabilities and Capital. Prepare a Balance Sheet of Quarantine Gym as of August 31.

Accounting During the year, Sam went from Cedar City, Utah to Kona, Hawaii to participate in required business meetings. Preceding five days of business meetings from Monday to Friday, he spent four days vacationing at the beach. Excluding the vacation costs (surfing, fishing, luau, etc.) his expenses for the trip are: Round-trip Airfare (first class, baby) $5,000 Lodging for all 9 days ($350 per day) 3,150 Restaurant Meals for all 9 days ($120 per day) 1,080 Business entertainment expenses 2,000 How much are the deductible expenses for temporary business travel away from home? O $5,128 O 57.128 O 57,350 O $9.350 O None of the above.

1.Jill is paid a yearly salary of $90,000. How does she make per month?   2. A salesman is paid a 6% commission on his net sales. Find his gross wages for the past month if his gross sales totaled $91,568 and he had $5,568 of returns and allowances.   3. A salesman receives a salary of $500 per week plus an 8% commission on all sales in excess of $1,800. What were his wages last week, if gross sales totaled $18,714 and returns were $5,714? Group of answer choices A.$1,481.12 B.$1,981.12 C.$1,040 D.$1,396   4. An auctioneer earns a commission on the total value of the property he sells. If he earns $2,700 on the sale of $18,000 worth of property, at what percentage rate is he paid? Group of answer choices A.0.15% B.15% C.1.5% D.1 1/2%   5. A computer programmer, who is covered by the Fair Labor Standards Act, is paid a salary of $1,260 a week for a normal work week of 35 hours. If she works 42 hours in a week, her gross pay for the week would be Group…

During the month of September, the Bridge City Go-Kart Company had the following business activities: a. On September 1, paid rent on the track facility for six months at a total cost of $25,200. b. On September 1, received $81,000 for season tickets for 12-month admission to the racetrack. c. On September 1, booked the racetrack for a private organization that will use the track one day per month for $8.500 each time, to be paid in the following month. The organization uses the track on September 30. d. On September 1, hired a new manager at a monthly salary of $6.900, to be paid the first Monday following the end of the month. Required: First prepare the journal entry, if any, required to record each of the initial business activities on September 1. Then, prepare the adjusting journal entries, if any, required on September 30. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)