Transactions for Wildhorse Company for the month of May are presented below. Prepare journal entries for each of these transactions. (Of no entry is required, select "No entry" for the account titles and enter O for the amounts. Credit account titles are automatically Indented when amount is entered. Do not indent manually. Record Journal entries In the order presented in the problem.) May 1 B.D. invests $4,400 cash in exchange for common stock to start his welding business, Wildhorse Company. Buys equipment on account for $1,061. 13 Pays $387 to landlord for May rent. 21 Bills Noble Corp. $530 for welding work done. (Use Service Revenue account.)

Ethics case: Uncollectible Accounts Introduction The purpose of this discussion forum is to give you an opportunity to apply your critical-thinking ability to the knowledge you’ve gained. The assignment provides you with an opportunity to develop your research, analysis, judgment, and communication skills. You also will work with other students, integrate what you’ve learned, apply it in real-world situations. This practice will broaden your knowledge and further develop your decision-making abilities. The assignment achieves learning objective 5.  The assignment information is given below; You have recently been hired as the assistant controller for Stanton Industries, a large, publicly held manufacturing company. Your immediate superior is the controller who, in turn, is responsible to the vice president of finance. The controller has assigned you the task of preparing the year-end adjusting entries. In the receivables area, you have prepared an aging of accounts receivable and have…

Why is it necessary to continue to maintain and improve an existing Web site?

Please respond via a memo on your thoughts of the GAAP article bellow: