Sunland Company had the following transactions pertaining to stock investments. Feb. 1 Purchased 800 shares of Wade common stock (2%) for $9,600 cash. July 1 Received cash dividends of $1 per share on Wade common stock. Sept. 1 Sold 400 shares of Wade common stock for $5,600. Dec. 1 Received cash dividends of $1 per share on Wade common stock. (a) Journalize the transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit (b) Indicate how dividend revenue and the gain (loss) on sale should be reported in the income statement. Dividend revenue and the gain on sale of stock investments are reported under in the income s

Fill in the blanks below with the accounting principle, assumption, or related item that best completes the sentence. ________________________ and _______________________ are the two fundamental qualities that make accounting information useful for decision making.   Information that helps users confirm or correct prior expectations has _________________            ___________________.   ________________________ enables users to identify the real similarities and differences in economic events between companies.   _________________ is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.   Information is _______________________ if omitting it or misstating it could influence decisions that users make on the basis of the reported financial information.   The ________________________ characteristic requires that the same accounting method be used from one accounting…

Give an example of how a company's accounting department works. This function serves what purpose and why is it necessary? Where can you get the information you are looking for?

show calculations where needed

Using Excel, create a table that shows the relationship between the interestearned and the amount deposited, as shown. we will first create the dollar amount column and the interest row, as shown . Next we will type into cell B3 the formula = $A3*B$2. We can now use the Fill command to copy the formula in other cells, resulting in the table as shown. Note that the dollar sign before A3 means column A is to remain unchanged in the calculations when the formula is copied into other cells. Also note that the dollar sign before 2 means that row 2 is to remain unchanged in calculations when the Fill command is used.

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Answer only please.

Answer each of the questions below.  Due by Wednesday at 11:59 pm. What are a few of the main advantages of the use of special journals? Now that things are more computerized what happens to the special journal in a computerized accounting system that uses electronic forms? Do you feel that the computerized accounting system will soon take over the need for full time accountants?

Thank you for helping out with the accounting equation, but may you fill in every blank please in each category