June 10 _______________________________________________
20 _______________________________________________
30 _______________________________________________
250) Identify the risk and the return in each of the following examples.
a. Investing $500 in a certificate of deposit at 4.5% interest.
b. Placing a $100 bet on an NBA game.
c. Investing $10,000 in Microsoft stock.
d. Borrowing $20,000 in student loans.
251) Prepare an April 30 balance sheet in proper form for Two Rivers Vending Service from the following alphabetical list of the accounts at April 30:
| Accounts receivable………………………. | $10,000 |
| Accounts payable………………………….. | 18,000 |
| Building…………………………………….... | 28,000 |
| Cash………………………….…………….... | 10,000 |
| Notes payable………………………………. | 47,000 |
| Office equipment……………...…………….. | 12,000 |
| K. Fields, Capital……………………………. | ? |
| Trucks……………………………………….. | 55,000 |
252) Prepare a December 31 balance sheet in proper form for Smokey River Supplies from the following list of the accounts:
| Cash………………………….……………......... | $10,000 |
| Accounts receivable…………………………….. | 8,000 |
| Supplies…………………………………………. | 12,000 |
| Equipment…………………………………….. | 35,000 |
| Land…………………………………….............. | 18,000 |
| Accounts payable…………………………….. | 13,000 |
| Notes payable……………………………….…. | 41,000 |
| L. Marks, Capital………………………….….. | 29,000 |
253) Prepare a December 31 balance sheet in proper form for Cane Property Management using the following accounts and amounts:
| Commissions earned……............ | $40,000 |
| Accounts payable……………… | 3,500 |
| Accounts receivable…………… | 5,000 |
| M. Bruno, Capital……………… | 104,500 |
| Office equipment………………. | 10,000 |
| Advertising expense…………. … | 3,200 |
| Cash……………………………. | 7,500 |
| Land............................................... | 35,000 |
| Note payable................................. | 50,000 |
| Office supplies.............................. | 1,500 |
| Salaries expense........................... | 12,000 |
| Salaries payable........................... | 1,000 |
| Building......................................... | 100,000 |