Entries Tagged 'office Equipment' ↓

Need help with preparing journal entry for these. Can anyone help me?

Shelton Engineering completed the following transactions in the month of June.
a. Shania Shelton, the owner, invested $105,000 cash, office equipment with a value of $6,000, and
$45,000 of drafting equipment to launch the business.
b. purchased land worth $54,000 for an office by paying $5,400 cash and signing a long-term note
payable for $48,600.
c. purchased a portable building with $75,000 cash and moved it onto the land acquired in b.
d. Paid $6,000 cash for the premium on an 18-month insurance policy.
e. Completed and delivered a set of plans for a client and collected $5,700 cash.
f. purchased $22,500 of additional drafting equipment by paying $10,500 cash and signing a longterm
note payable for $12,000.
g. Completed $12,000 of engineering services for a client. This amount is to be received in 30 days.
h. purchased $2,250 of additional office equipment on credit.
i. Completed engineering services for $18,000 on credit.
j. Received a bill for rent of equipment that was used on a recently completed job. the $1,200 rent
must be paid within 30 days.
k. Collected $7,200 cash in partial payment from the client described in transaction g.
l. Paid $1,500 cash for wages to a drafting assistant.
m. Paid $2,250 cash to settle the account payable created in transaction h.
n. Paid $675 cash for minor repairs to the drafting equipment.
o. Shelton withdrew $9,360 cash for personal use.
p. Paid $1,500 cash for wages to a drafting assistant.
q. Paid $3,000 cash for advertisements in the local newspaper during June.

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A federal grand jury in Morristown has indicted four people for their alleged roles in manufacturing and selling pirated DVDs in the Tri-Cities.

According to the Department of Justice, for more than five years the defendants made unauthorized copies of motion pictures on DVDs, along with their accompanying labels. They then sold those pirated products, “to customers in the Tri-Cities area.” A press release did not identify the exact locales of the alleged sales.

The five-count indictments were handed down on may 11, with all four individuals having since entered pleas of not guilty. They are identified as Reginald Garner of Johnson City, Richard and Melissa Arnold of Hampton and Kristen Bailey of Erwin. The have each been released on bond pending a July 21 trial.

As a result of the sale of the DVDs, the indictment seeks forfeiture of property purchased with the proceeds, along with all equipment used to commit the offense. A money judgment of $300,000 is also sought from the Arnolds.

The indictment further alleges Richard Arnold defrauded the Social Security Administration to receive disability insurance benefits to which he was not entitled, resulting in an overpayment of more than $59,000.

If convicted the defendants face a term of up to five years in prison, a fine of up to $250,000 and supervised release of three years for each count.

This indictment is the result of a joint investigation by the Federal Bureau of Investigation, Social Security Administration, Office of the Inspector General and Carter County Sheriff’s Office.

Everblue.edu Poised To Become The Kaplan Test Prep Of Sustainability

Everblue Training (Everblue.edu) — an environmental education startup with offices in Berkeley, Calif. and Charlotte, N.C. — this week attained accreditation from the group that verifies the quality of non-collegiate, continuing education and professional training programs throughout the United States for the U.S. Department of Education, the Accrediting Council for Continuing Education.

Principal and co-founder of Everblue, Jon Boggiano, says the endorsement allows his business to sell its services to: government veterans’ education programs helping them adjust back to civilian life; large companies that seek to train and certify their employees in a variety of environmental topics; and professionals or students who use government grants and loans to afford their continuing education. All of the company’s customers prior to its accreditation paid out-of-pocket.

Boggiano explained that he and his brother, Chris, a co-founder (along with Grant McGregor) are both veterans hoping to make the U.S. more energy independent, and to prepare the domestic workforce to remain technologically competitive. the duo also worked in the field of test-prep, helping business school hopefuls get ready for the GMAT (Graduate Management Admission Test) prior to founding Everblue.

With about twenty full-time employees, and fifty contract instructors, Everblue now teaches about 25,000 students per year, combining both classroom-and-online, and all-online courses.”Generally, people come for short-term boot camp type training. most of the students in the classroom are architects, municipal officials, or anyone who has a hand in designing for communities. They’re collegiate up to retirees,” Jon Boggiano explained.

Everblue courses cover the following topics and certifications: Building Performance Institute (BPI) Certifications, Weatherization Training; the Residential Energy Services Network’s Home Energy Ratings System (RESNET HERS); the U.S. Green Building Council’s certification of LEED certifications; the North American Board of Certified Energy Practitioners’ Solar Certification, Corporate Sustainability, and Carbon Accounting.

To build its content, Everblue used the open source course management system Moodle, Drupal and Articulate software, among other technologies. in 2010, the 5 percent of students who completed Everblue courses used the purely online services. Boggiano says he expects that number to grow to represent 20 percent by the end of 2011.

The company currently partners with 60 schools and trade associations to deliver its coursework broadly. it plans to soon deliver multiple language editions of its online coursework to students in China, the Middle East and Europe, and to add more game-like and immersive features to its digital courses, Boggiano said.

Image: Chris (left) and Jon Boggiano (right) in Iraq in 2004, via Jon Boggiano