Comprehensive cycle problem: Perpetual system

At the beginning of 2012, the Jeater Company had the following balances in its accounts:

Cash $ 4,300

Inventory $9,000

Common stock 10,000

Retained earnings 3,300

During 2012, the company experienced the following events.

1.      Purchased inventory that cost $2,200 on account from Blue Company under terms 1/10, n/30.

The merchandise was delivered FOB shipping point. Freight costs of $110 were paid in cash.

2.      Returned $200 of inventory that is had purchased because the inventory was damaged in transit. The freight company agreed to pay the return freight cost.

3.      Paid the amount due on its account payable to Blue Company within the cash discount period.

4.      Sold inventory that had cost $3,000 for $5,500 on account, under terms 2/10, n/45.

5.      5. Received merchandise returned from a customer. The merchandise originally cost $400 and was sold to the customer for $710 cash during the previous accounting period. The customer was paid $710 cash for returned merchandise.

6.      Deliver goods FOB destination in Event 4. Freight costs of $60 were paid in cash.

7.      Collected the amount due on the account receivable within the discount period.

8.      Took a physical count indicating that $7,970 of inventory was on hand at the end of the accounting period.

Required

a.      Identify these events as asset source (AS), asset use (AU), asset exchange (AE), or claims exchange (CE).

b.      Record each event in a statements model like the following one.

                          EVENTS                Assets               =        Liability          =        Equity

                                    Cash   +    Acct’s Rec.         +     Mdse, Inv.         =   Accts Pay.  +   Ret. Earn.

                         Rev.                        –                 Exp.           =                Net Inc.

c.       Prepare an income statement, a statement of changes in stockholders’ equity, a balance sheet, and a statement of cash flows.

Need this back on Tuesday December 23, 2014 by 3pm Central time

APA style No abstract, Plagiarism Free 

Emerging Leadership Theories Analysis  

625-word paper analyzing emerging leadership theories.

Please address the following questions and concepts:

1. Describe one attribute or capacity of servant leadership and explain how and where you might apply this principle at work or in a community setting you are familiar with. What impact would this leadership style have on the setting?
2. Evaluate the following perspective: Although servant leadership is often associated with the Bible and Jesus Christ, it is totally compatible with most religions and theories of philosophy. How is this so?