I need expert solution to the following.
Question 1
1. Purchased a 1-year insurance policy on June 1 for $2,640 cash. 2. Paid $6,850 on August 31 for 5 months' rent in advance. 3. On September 4, received $2,700 cash in advance from a corporation to sponsor a game each month for a total of 9 months for the most improved students at a local school. Signed a contract for cleaning services starting December 1 for $1,100 per month, Paid for 4. the first 2 months on November 30. (Hint: Use the account Prepaid Cleaning to record prepayments.) 5. On December 5, received $1, 250 in advance from a gaming club. Determined that on December 31, $550 of these games had not yet been played. Your answer is correct. For each of the above transactions, prepare the journalentry to record thongrink forthe an Account titles and Explanationillorbit credit PEVO GISHFor each of the above transactions, prepare the journal entry to record the initial transaction. (IF no entry is required, select "No Entry" for the account titles and enter Q for the amounts. Credit account titles are automatically Indented when the amount Is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit 1. June 1, 2017 Prepaid Insure 2640 Cash 2640 2. Aug. 31, 2017 Propaid Rent 6850 Cash 6850 Sept. 4. 2017 Cash 2700 Unearned Ser 2700 4 . Nov 30 2017 Prepaid Clean 2200 Cash 2200 5. Dec 5. 2017 Cash 1250 Unearned Ser(b) Your answer is partially correct. Try again. For each of the above transactions, prepare the adjusting journal entry that is required on December 31. (Hint: Use the account Service Revenue for item 3 and Maintenance and Repairs Expense for item 4.) (Round answers to 0 decimal places, bio. $20 0 he only 's required, select "Ne Entry for the account titles and enter O for the amounts, Credit account titles are automatically indented when the account is onfond Du not indent manually.) No. Date Account Titles and Explanation Debit Credit 1. Dec. 31, 2017 2. Dec. 31, 2017 3. Dec 31. 2017 Unearned Ser Service Rever .[Dec 31, 2017Cullumber Company has the following information available for accruals for the year ended December 31, 2022. The company adjusts its accounts annually. 1. The December utility bill for $315 was unrecorded on December 31. Cullumber paid the bill on January 11. 2. Cullumber is open 7 days a week and employees are paid a total of $2,590 every Monday for a 7-day (Monday-Sunday) workweek. December 31 is a Thursday, so employees will have worked 4 days (Monday, December 28-Thursday, December 31) that they have not been paid for by year-end. Employees will be paid next on January 4. 3. Cullumber signed a $33,000, 5% bank loan on November 1, 2021, due in 2 years. Interest is payable on the first day of each following month. 4. Cullumber receives a fee from Pizza Shop next door for all pizzas sold to customers using Cullumber's facility. The amount owed for December is $220, which Pizza Shop will pay on January 4. (Hint: Use the Service Revenue account.) 5. Cullumber rented some of its unused warehouse space to a client for $4,440 a month, payable the first day of the following month. It received the rent for the month of December on January 2.o. Date Account Titles and Explanation Debit Credit Dec. 31, 2022 Dec. 31, 2022 Dec. 31, 2022 Dec. 31, 2022 Dec. 31, 2022E4-4 Action Quest Games Inc. adjusts its accounts annually. The following information is available for the year ended December 31, 2018: 1. Purchased a one-year insurance policy on June 1, for $1,800 cash. 2. Paid $6,500 on August 31 for five months' rent in advance. 3. On September 4, received $3,600 cash in advance from a corporation to sponsor a game each month for a total of nine months for the most improved students at a local school. 4. Signed a contract for cleaning services starting December 1, for $1,000 per month. Paid for the first two months on November 30. (Hint: Use the account Prepaid Services to record this prepayment.) 5. On December 5, received $1,500 in advance from a gaming club. Determined that on December 31, $475 of these games had not yet been played. Instructions (a) For each of the above transactions, prepare the journal entry to record the initial transaction. (b) For each of the above transactions, prepare the adjusting journal entry that is required on December 31. (Hint: Use the account Sponsorship Revenue for item 3 and Repairs and Maintenance Expense for item 4.) (c) Post the journal entries in parts (a) and (b) to T accounts and determine the final balance in each account balance. (Note: Posting to the Cash account is not required.)\fBAC5014 Coursework 1. Approximate the risk-free rate in this case. Furthermore, calculate the average Beta of the UK component of the company by applying CAPM (Capital Asset Pricing Model). (5marks) 2. Ignoring taxation, discuss the advantages and disadvantages of holding such a portfolio of investments in the circumstances of Alex Plc. (30marks) 3. Regarding the invested equities of UK small companies, provide Alex Pic advice on how it should change the composition of the portfolio, giving a rationale for the changes that you recommend. (15marks) 4. Alex Pic is going to increase its investment in equities issued by UK Blue-chip companies. Please prepare a report to recommend One UK Blue-chip company with supportive evidence. Your analysis should be based on: a) Your evaluation of the share price, in which you need to apply three different valuation methods : i) NAV (Net Assets Value) model, and ii) DCF (discounted cash flow) model. (40marks) b) The impact of the new investment on overall risk and return of the portfolio. (10marks) (100 marks in total) Notes: . Word limit is 4,000 wordsModule: BAC5014 Investment markets and principles Level 5 - Coursework (Alex Plc) Alex Pic is a newly-established company with interests in retailing and property development. Its current market capitalisation is $75m. The company trades exclusively in the UK, but it is planning to expand overseas either by acquisition or joint venture within the next two years. The company has built up a portfolio of investments in equities and corporate and government debt. The main aim of developing this investment portfolio is to provide a source of funds for its overseas expansion programme. Summary information on the portfolio is given below. Type of security Value(E million) Average% return over the last 12 months UK equities 3.3 15.0 US equities 1.8 13.5 UK corporate debt 0.9 8.2 Long-term government debt 2.0 7.4 Three-month treasury bonds 0.4 5.0 Approximately 60% of the UK equities are in small companies' shares, and details of the portfolio are as follows. Company | No Beta Share Dividend Expected Shares price (E) yield (%) return (%) Rasiak 70,000 1.27 3.75 5.6 12 Johnson 150,000 1.53 4.25 3.5 16 Smith 100,000 1.01 2.50 4.2 14 Bisgaard 80,000 0.95 4.50 6.2 9.5 Idlakez 130,000 0.82 3.50 4.8 15 The average return on all UK equities, over the past 12 months, has been 12%. On US equities, it has been 12.5%. You are required to
