Denise Stocker invested $25,000 into the business. Paid rent for the month, $4,000. Charged customers for dry cleaning sales on account, $8,150. Paid creditors on account, $2,680. Purchased supplies on account, $1,500. Received cash from cash customers for dry cleaning sales, $ 17,600. Received cash from customers on account, $8.450. Received monthly invoice for dry cleaning expense for August (to be paid on September $7,400. Paid the following: wages expense, $2,800; truck expense, $825, utilities expenses, miscellaneous expense, $390. Determined that the cost of supplies on hand was $1,600. Withdrew $3,500 for personal use. Make journal entries on journal entry form provided. Lone Star Sales & Service acquired a new machine that cost $42,000 in early 2010 machine is expected to have a five-year useful life and is estimated to have a salvag $7,000 at the end of its life. (Round your final answers to the nearest dollar). Using the straight-line depreciation method, calculate the depreciation expense recognized in the second year of the machine's life and calculate the accumulated d after the third year of the machine's life. Using the double declining balance depreciation method, calculate the expense for the third year of the machine's life and the net book value of the machine point in time. Maliha, Inc. did not pay dividends on its $6.50, $50 par value, cumulative preference during 2005 or 2006. Since 2001, 22,000 shares of this stock have been outstanding Inc. has been profitable in 2007 and is considering a cash dividend on its com would be payable in December 2007. Calculate the amount of dividends that would have to be paid on the preferred dividend could be paid to the common stockholders. Denise Stocker invested $25,000 into the business. Paid rent for the month, $4,000. Charged customers for dry cleaning sales on account, $8,150. Paid creditors on account, $2,680. Purchased supplies on account, $1,500. Received cash from cash customers for dry cleaning sales, $ 17,600. Received cash from customers on account, $8.450. Received monthly invoice for dry cleaning expense for August (to be paid on September $7,400. Paid the following: wages expense, $2,800; truck expense, $825, utilities expenses, miscellaneous expense, $390. Determined that the cost of supplies on hand was $1,600. Withdrew $3,500 for personal use. Make journal entries on journal entry form provided. Lone Star Sales & Service acquired a new machine that cost $42,000 in early 2010 machine is expected to have a five-year useful life and is estimated to have a salvag $7,000 at the end of its life. (Round your final answers to the nearest dollar). Using the straight-line depreciation method, calculate the depreciation expense recognized in the second year of the machine's life and calculate the accumulated d after the third year of the machine's life. Using the double declining balance depreciation method, calculate the expense for the third year of the machine's life and the net book value of the machine point in time. Maliha, Inc. did not pay dividends on its $6.50, $50 par value, cumulative preference during 2005 or 2006. Since 2001, 22,000 shares of this stock have been outstanding Inc. has been profitable in 2007 and is considering a cash dividend on its com would be payable in December 2007. Calculate the amount of dividends that would have to be paid on the preferred dividend could be paid to the common stockholders