...Anthony Kim 106628665 Bus 210 Project One 1) Journalize the adjusting entry Depreciation Expense 22,000 Accumulated Depreciation - Equipment 10,000 Accumulated Depreciation - Buildings 12,000 Interest Expense 9,000 Interest Payable 9,000 2) Income Statement Elker Fashions Incorporated Income Statement For the year ended Dec 31, 2008 Revenue Sales 859,700 Expense Interest Payable 9,000 Depreciation – Equipment 10,000 Depreciation – Buildings 12,000 Purchases 703,600 Freight-In 12,900 Salaries Expense 700,700 Utilities Expense 11,400 Repair Expense 5,900 Gas and Oil Expense 7,600 Insurance Expense 3,500 Total Expense 846,000 Net Income 13,100 Elker Fashions Incorporated Retained Earnings Statement For the year ended Dec 31, 2008 Retained Earnings 67,800 Add: Net Income 13,100 80,900 Less: Dividends 11,000 Retained Earnings 69,900 Elker Fashions Incorporated Balance Sheet For the year ended Dec 31, 2008 Assets Current Assets Cash 26,500 Accounts Receivable 42,200 Merchandise Inventory 52,500 Property, Plants and Equipment Land 94,000 Buildings 183,000 Equipment 84,500 Less: Depreciation 98,800 Accumulated Depreciation 22,000 Total Assets 361,900 Liabilities and Stockholders’ Equity Liabilities ...
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...BUS220 Ethical Business Challenge Chapter 5 Zyedego faces legal issues by hiring truck drivers such as if the employee has any infractions while on the job, which would cost the company money, the company would be responsible for that and whatever the insurance that covered the employee or company would not be willing to pay, such as in this instant, when there is a natural disaster, and insurance companies are not able to pay full claims. They also face ethical issues from the families of these or the employees themselves if something were to happen to the employee while on the job, whether the work was being required or not, that insurance companies may not be able to cover anything that happened, which could ultimately put that persons family at a great loss as well. Both of these mentioned issues could potentially have lawsuits against the company as well in worse case scenarios. I believe that Peter should recommend to Gwyn that unless she was able to get Dana to provide the correct documents required for her job, that they would try to hold her position until she could, without pay, or give her the option to go ahead and go to work for a competitor and offer her the severance pay. During a time that the company is not able to provide complete coverage if something were to happen to her on the job, and being that she is pregnant, could cost the company more money, especially if the insurance company required for her to prove her citizenship before being able to pay...
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