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You have been assigned to examine the financial statements of Mari, Inc. for the year ended December 31, 2023.  You discover the following situations in February 2024.

1. On December 31, 2023, Mari, Inc. decided to change the depreciation method on its machinery from double-declining-balance to straight-line.  The Machinery had an original cost of $100,000 when purchased on January 2, 2022. It has a 10-year useful life and $5,300 salvage value.  Depreciation expense recorded prior to 2023 under the double-declining-balance method was $20,000. Mari, Inc. has already recorded 2023 depreciation expense of $16,000. 

2. The physical inventory count has been incorrectly counted resulting in the following errors. 

                                          December 2021     Overstated      $7,600

                                           December 2022     Understated    $5,200

                                           December 2023     Overstated    $5,600 

3. Mari, Inc. purchased $3,400 of supplies on September 4, 2023, recording a debit to Supplies Expense and credit to Cash.  The Supplies account had a balance of $450 on January 1, 2023.  A count revealed there were $700 on hand on December 31, 2023. No entries have been made to Supplies all year

4. In 2023, the company sold equipment for $7,200 that had a book value of $4,200 and originally cost $60,000.  The company credited the proceeds from the sale to the Equipment account. The company made the following entry: 

                        Cash                                                           7,200

                                        Gain on Sale of Equipment                    7,200 

5. Mari, Inc. has not recorded any depreciation for a machine they purchased on October 1, 2021. They paid $250,000 for the machine which has a salvage value of $10,000 and useful life of 6 years. 

6. The company has estimated warranty expense to be 1.8% in the past and made an entry for $145,00 in 2023.  However, the company decided that it should only be 1.6% this year which amounts to $125,000.

7. A trademark was acquired January 2, 2022 for $40,000.  No amortization has been recorded since its acquisition.  The maximum allowable amortization period is 10 years

8. A $24,000 insurance premium was paid on September 1, 2022, for a six month policy that expires on February 28, 2023, was charged to insurance expense in 2022

9. In July 2021, a competitor company filed a patent-infringement suit against Jordan, Inc. claiming damages of $140,000.  In December 2021 the company's legal counsel has indicated that an unfavorable verdict is probable and a reasonable estimate of the court's award to the competitor is $85,000.  

 

                      The company made the following entry in 2023. 

                               Patent-infringement Expense           85,000 

                                         Lawsuit Liability                                    85,000

10. Mari, Inc. has not accrued commissions payable at the end of each of the last 3 years, as follows. Salaries are expensed when paid the 1st week of January in 2024.

                                          December 2021        $3,800 

                                           December 2022        $5,300 

                                           December 2023        $4,200

Reported Net Income is: 

      2021 

$745,000 

      2022 

$720,000 

      2023 

$690,000 

Instructions:

A. Assume the trial balance has been prepared but the books HAVE NOT been closed for 2023. Assuming all amounts are material, prepare journal entries showing the adjustments that are required.  (Ignore income tax considerations).   

B. Assume the trial balance has been prepared but the books HAVE been closed for 2023. Assuming all amounts are material, prepare journal entries showing the adjustments that are required.  (Ignore income tax considerations).   

C. Put together a schedule correcting net incomes for 2021, 2022 and 2023 assuming the books HAVE NOT been closed for 2023. 

name the largest cell

After reading “Isn’t Everyone a Little Weird?” and completing the poll, answer the following questions:

• Do you think being weird is a good thing?
• Do you think  “weirdness” brings people together or divides them?
• Can you think of any other famous people that are considered “weird”?
• Use examples or textual evidence to support your responses.

Sally is driving in Radiator Springs and makes a sudden stop.  The drag factor of the road is 0.6 and the brakes are operating at 99% efficiency. 

If she leaves tire marks that are 40 and 46 feet long, how fast was she going?

A projectile of mass 0.25 kg moving at 24.0 m/s collides with and sticks to a 1.75-kg block

that is connected to a spring for which k = 40.0 N/m, as in the figure below. The block is

initially on a frictionless part of a horizontal surface but starts to slide on a rough section immediately after the collision. If the maximum compression of the spring is 0.5 m, what is the force of friction on the block?

I need to show all work

On June 1, 2023, Jill Bow and Aisha Adams formed a partnership to open a gluten-free commercial bakery, contributing $294,000 cash and $388,000 of equipment, respectively. The partnership also assumed responsibility for a $54,000 note payable associated with the equipment. The partners agreed to share profits as follows: Bow is to receive an annual salary allowance of $164,000, both are to receive an annual interest allowance of 10% of their original capital investments, and any remaining profit or loss is to be shared 40/60 (to Bow and Adams, respectively). On November 20, 2023, Adams withdrew cash of $114,000. At year-end, May 31, 2024, the Income Summary account had a credit balance of $520,000. On June 1, 2024, Peter Williams invested $134,000 and was admitted to the partnership for a 20% interest in equity.

Prepare journal entries for the following dates.

a. June 1, 2023
November 20, 2023

Calculate the balance in each partner’s capital account immediately after the June 1, 2024, entry.

On dissout dans l'eau distillée une masse m=0,25 g de benzoate de sodium C6H5CO2Na et un volume V, = 17,4 mL d'une solution (S) d'acide méthanoïque HCO₂H de concentration molaire C=0,10 mol.L' pour obtenir un mélange de volume V = 100,0 mL.
Données: pK = pK (C6H5COOH(aq)/C6H5CO2-(aq))=4,2; pK 2 = pK (HCOOH | HC2O-))=3,7 (aq) M(C6H5CO₂Na)=144 g.mol-¹

1) qu'il est le ph du melange ?