question 1: Find a job listing on Indeed.Com that requires a CPA license that interests you. Do you feel this course will prepare you for that role? What are other areas of experience needed to excel in this position? What have you learned in this course that might prepare you for an interview for this role? Provide a 1-page response (double spaced, 12font, Times New Roman), you must cite at least one external source (do not cite indeed.com)

question 2: On 1/1/01, The Silence, LLC has issued a $1M, 3%, 20-year Bond. The Market requires a 5% return for similar investments. Prepare the amortization schedule for The Silence. Prepare the Journal Entry for 1/1/01, 12/31/01, and 12/31/21.

Question 3:

The following trial balance as of 12/31/01 of Fish Fingers & Custard, LLC does not balance

Cash - $5,912

A/R - $5,240

Supplies - $2,967

Equipment - $6,100

Accounts Payable - $7,044

Common Stock - $8,000

Retained Earnings - $2,000

Service Revenue - $5,200

Office Expense - $4,320

An examination of the ledger shows these errors:

1. All balances were normal
2. The purchase on account of a computer costing $3,200 was recorded as a debit to Office Expense and a credit to A/P.
3. Services were performed on account for a client, $2,250, for which A/R was debited $2,250 and Service Revenue was credited $225
4. A payment of $95 for telephone charges was entered as a debit to Office Expense and a debit to Cash.
5. The Service Revenue account was totaled at $5,200 instead of $5,280

Prepare a corrected trial balance, Income Statement and Balance Sheet for 12/31/01.

Question 4:

The Centurion, Inc had the following balance sheet as of 12/31/01

Cash $20,000

A/R $21,200

Investments $32,000

Plant assets (net) $81,000

Land $40,000

A/P - $30,000

Bonds Payable - $41,000

Common Stock $100,000

Retained Earnings $23,200

During the year 2002, the following occurred

1. Centurion liquidates its available-for-sale debt investment portfolio at a loss of $5,000
2. A tract of land was purchase for $38,000
3. AN additional $30,000 in common stock was issue at par.
4. Dividends totaling $10,000 were declared and paid to stockholders.
5. Net income for 2002 was $35,000, including $12,000 in depreciation expense
6. Land was purchased through the issuance of $30,000 in additional bonds.
7. At 12/31/02, Cash was $70,200. A/R was $42,000. A/P was $40,000.

1. Prepare a statement of cash flows for the 2002.
2. Compute Free Cash Flow and Current Cash Debt Coverage