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5. Why does diversity matter in general and more specifically to Uber? 6. What benefits and challenges does Uber derive from a more diverse workforce? Conv Accounting Cycle Project (Group) ACCT3303 Fall 2019 s for each transaction in chronological order Assignments Required: 1) Making journal entries for each transaction al balance 2) Prepare adjusting entries and adjusted trial baie 3) Prepare Income Statement. Retained Eam 4) Making closing entries 5) Put all your work on excel spreadsheet Assignment tab Retained Earnings Statement and Balance Sheet readsheet Each group should submit one completed copy The 2018 Balance Sheet of the Parker Co. is as follows: Parker Co. Balance Sheet As of December 31, 2018 85.000 41,000 1.000 45,610 28.750 34.730 -2,930 61,000 1,500 5.000 0 income 540 4.800 172,500 DCash Notes Receivable D Accounts Receivable c Less: Allowance for Doubtful A/Cs Inventories - Office Supplies Prepaid Insurance DPrepaid Rent Total Current Assets Long-term Investments Investments in securities Land for future development Property. Plant, and Equipment Land DBuildings Less: Accu. Depreciation Intangible Assets Capitalized Development Costs 1 Goodwill Other Intangible Assets Total Non-Current Assets Total Assets 51,000 45,500 Notes Payable Accounts Payable Unearned Revenue Property Tax Payable Interest Payable Income Tax Payable Salary and Wages Payable Utilities Payable Total Current Liabilities Provisions Related to Pensions Bonds Payable Total Non-Current Liab. Total Liabilities Common Stock Preferred Stock Paid-in-capital - Common Stock Paid-in-capital - Preferred Stock Retained Earnings Accu. Other Comp. Income Less: Treasury Stock Total Shareholders' Equity Total Liab, and Total Equity 145,000 675,000 -202,000 2.500 2.000 138,000 93,100 300,000 393,100 531,100 110,000 100,000 77,395 10,000 190,505 5.000 -5.000 487.900 1.019,000 8.000 76,000 48,000 846,500 1,019,000 During 2019, the following events occurred in Parker Co. Additional information available at the end of 2019 is as follows: 1) On January 3, 2010, paid off the utilities of $2.000, income tax of 5.000, and wages payable of 2.500 for the year 2018 ary 13. sold merchandise on account to Cathy $20.000 and Helen $35.000. Terms 2/10 30, FOB shipping point 3) On January 15 received checks, 320.000 from Kent and $10,000 from Mary, for sales on account made in December 2018 after discount period has lapsed 4) On January 17, issued credit of $2,000 to Holen for the merchandise returned 5) On January 29 purchased merchandise on account from Adam $20,000 and Brian 30.000 Terms 3/10, 1/30, FOB destination 6) On February 2, send checks to Adam for 20 000 less 3% cash discount, and to Brian for $30.000 less 3% cash discount 7) On February 11, received payment in full from Cathy and Helen after discount period has lapsed 8) On February 28, the prepaid rent balance was expired. 9) On March 1. paid rent of $12,000 for a two-year term starting from March 1, 2019 10) On April 1, the company CEO paid $80,000 from her savings bank account to purchase a car for personal use. 11) On April 15, paid $5,000 cash for office supplies. The company expenses all of the supplies purchased during the year 12) On May 30, declared cash dividends totaling $6.000 13) On June 23, paid cash dividends totaling $6,000 to stockholders 14) On July 1, paid cash $7,500 to Ted for merchandise purchased last year 15) On July 1, issued a note of $200,000 to bank (one year, annual interest rate 5%) for cash 16) On July 9 purchased merchandise from Robert $45.000, terms 3/10, 1/30. 17) On July 12, returned $500 of merchandise to Robert and received credit 18) On August 1, issued common stock 2,000 shares, $10 par, in exchange of a land with a fair market value of $80,000 19) On August 7, sold merchandise to Rick on account $120,000, term 1/10, 1/30, FOB shipping point 20) On August 10, paid off the balance to Robert 211 on August 18, Rick paid off its balance. 22 On September 8, paid utilities expense, $12.000 sued in 2018) and associated interes 23) On October 1, paid off notes payable $110.000 (SS 35,500 (including $1.500 interest payable on the balance doff notes payable $10 24) On December 27, 2019. the company paid the 2019 property tax of $8.600 the company paid the 2019 federal income tax of $8.500 and 2019 25) Over the year, daily cash sales were $40,000 is 26) Over the year sales and office emp remained as payable at the end of year. e year, sales and office emplonas earned $90.000 in salaries and wages, of which 27) Depreciation expense for the year was $15.000. o he utilities bill of $12.000 as of December 31, 2019 is due in January 2020 29) Unearned revenue was increased by $5,000 during 2019 30) No insurance policy was effective during the year. 1) After physically counting, the company decided that the ending inventory was $70,000 32) Cathy, Helen, and Rick had zero balance on account as of Jan 1, 2019 33) The company uses the gross method to record its purchases and sales on credit 34) The company adopts the periodic inventory system. In order to report the purchase activities the firm used the purchases, purchases discounts and purchase returns & allowances accounts 35) Based on its historical data, the bad debts are about 1% of net credit sales (credit sales minus sales discounts and sales returns in the year of 2019). 5. Why does diversity matter in general and more specifically to Uber? 6. What benefits and challenges does Uber derive from a more diverse workforce? Conv Accounting Cycle Project (Group) ACCT3303 Fall 2019 s for each transaction in chronological order Assignments Required: 1) Making journal entries for each transaction al balance 2) Prepare adjusting entries and adjusted trial baie 3) Prepare Income Statement. Retained Eam 4) Making closing entries 5) Put all your work on excel spreadsheet Assignment tab Retained Earnings Statement and Balance Sheet readsheet Each group should submit one completed copy The 2018 Balance Sheet of the Parker Co. is as follows: Parker Co. Balance Sheet As of December 31, 2018 85.000 41,000 1.000 45,610 28.750 34.730 -2,930 61,000 1,500 5.000 0 income 540 4.800 172,500 DCash Notes Receivable D Accounts Receivable c Less: Allowance for Doubtful A/Cs Inventories - Office Supplies Prepaid Insurance DPrepaid Rent Total Current Assets Long-term Investments Investments in securities Land for future development Property. Plant, and Equipment Land DBuildings Less: Accu. Depreciation Intangible Assets Capitalized Development Costs 1 Goodwill Other Intangible Assets Total Non-Current Assets Total Assets 51,000 45,500 Notes Payable Accounts Payable Unearned Revenue Property Tax Payable Interest Payable Income Tax Payable Salary and Wages Payable Utilities Payable Total Current Liabilities Provisions Related to Pensions Bonds Payable Total Non-Current Liab. Total Liabilities Common Stock Preferred Stock Paid-in-capital - Common Stock Paid-in-capital - Preferred Stock Retained Earnings Accu. Other Comp. Income Less: Treasury Stock Total Shareholders' Equity Total Liab, and Total Equity 145,000 675,000 -202,000 2.500 2.000 138,000 93,100 300,000 393,100 531,100 110,000 100,000 77,395 10,000 190,505 5.000 -5.000 487.900 1.019,000 8.000 76,000 48,000 846,500 1,019,000 During 2019, the following events occurred in Parker Co. Additional information available at the end of 2019 is as follows: 1) On January 3, 2010, paid off the utilities of $2.000, income tax of 5.000, and wages payable of 2.500 for the year 2018 ary 13. sold merchandise on account to Cathy $20.000 and Helen $35.000. Terms 2/10 30, FOB shipping point 3) On January 15 received checks, 320.000 from Kent and $10,000 from Mary, for sales on account made in December 2018 after discount period has lapsed 4) On January 17, issued credit of $2,000 to Holen for the merchandise returned 5) On January 29 purchased merchandise on account from Adam $20,000 and Brian 30.000 Terms 3/10, 1/30, FOB destination 6) On February 2, send checks to Adam for 20 000 less 3% cash discount, and to Brian for $30.000 less 3% cash discount 7) On February 11, received payment in full from Cathy and Helen after discount period has lapsed 8) On February 28, the prepaid rent balance was expired. 9) On March 1. paid rent of $12,000 for a two-year term starting from March 1, 2019 10) On April 1, the company CEO paid $80,000 from her savings bank account to purchase a car for personal use. 11) On April 15, paid $5,000 cash for office supplies. The company expenses all of the supplies purchased during the year 12) On May 30, declared cash dividends totaling $6.000 13) On June 23, paid cash dividends totaling $6,000 to stockholders 14) On July 1, paid cash $7,500 to Ted for merchandise purchased last year 15) On July 1, issued a note of $200,000 to bank (one year, annual interest rate 5%) for cash 16) On July 9 purchased merchandise from Robert $45.000, terms 3/10, 1/30. 17) On July 12, returned $500 of merchandise to Robert and received credit 18) On August 1, issued common stock 2,000 shares, $10 par, in exchange of a land with a fair market value of $80,000 19) On August 7, sold merchandise to Rick on account $120,000, term 1/10, 1/30, FOB shipping point 20) On August 10, paid off the balance to Robert 211 on August 18, Rick paid off its balance. 22 On September 8, paid utilities expense, $12.000 sued in 2018) and associated interes 23) On October 1, paid off notes payable $110.000 (SS 35,500 (including $1.500 interest payable on the balance doff notes payable $10 24) On December 27, 2019. the company paid the 2019 property tax of $8.600 the company paid the 2019 federal income tax of $8.500 and 2019 25) Over the year, daily cash sales were $40,000 is 26) Over the year sales and office emp remained as payable at the end of year. e year, sales and office emplonas earned $90.000 in salaries and wages, of which 27) Depreciation expense for the year was $15.000. o he utilities bill of $12.000 as of December 31, 2019 is due in January 2020 29) Unearned revenue was increased by $5,000 during 2019 30) No insurance policy was effective during the year. 1) After physically counting, the company decided that the ending inventory was $70,000 32) Cathy, Helen, and Rick had zero balance on account as of Jan 1, 2019 33) The company uses the gross method to record its purchases and sales on credit 34) The company adopts the periodic inventory system. In order to report the purchase activities the firm used the purchases, purchases discounts and purchase returns & allowances accounts 35) Based on its historical data, the bad debts are about 1% of net credit sales (credit sales minus sales discounts and sales returns in the year of 2019)

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