The accounting summary report for the Lemonade stand business

The accounting summary report for the Lemonade stand business is focused on the first six business days. The accounting summary report will discuss the journal, income statement and balance sheet, three key documents that a business has to have in order to perform its operations.Advertising We will write a custom essay sample on The accounting summary report for the Lemonade stand business specifically for you for only $16.05 $11/page Learn More Journal The journal for the Lemonade stand business is generated from the data from the first six days of operations. The journal shows the summary of all the transactions conducted by the business and shows the ending balances of all the accounts held by the business. The first transaction is the investment of capital by the owners on the first day, which increases owners’ equity by $50 and increases cash by the same margin. The purchase of equipment by on credit increases the accounts payable by 413.75, and increases inventory by the same amount. The other transaction that appears dominant in the journal is the sale of lemonade, which increases cash and reduces the inventory held. The reduction in inventory is transferred to an expense account by debiting the cost of goods sold account and crediting the inventories so that the inventories reduce and the relevant expenses are charged in the relevant accounting period. After all the transactions have been recorded in the journal, the transactions are transferred to a general ledger, T-accounts, which record the transactions in the independent records for each account. Balance sheet The balance sheet for the Lemonade stand business is got from the data in the journal and the general ledger; and is a summary of the final figures for the account held by the Lemonade stand business. The balance sheet data shows that the final cash account has a balance of $185.90, which is a figure got after adding all the revenues that come from the bus iness and subtracting the cash outflows; expenses and purchases. The other item in the balance sheet is the inventory, which shows a final figure of $10.05, which is the final figure after all sales, purchases and replacement of inventory has been done. After cash and inventory have been added up, the fixed assets are added to the balance sheet, which, in this case study, are the assets that the stand has. The equipment for the lemonade stand is valued at $9.00, a figure that is found after adding up all purchases of equipment that the stand possesses. Liabilities that the lemonade stand has are accounts payable, which are realized when the lemonade stand makes purchases on credit. The liabilities are than added to the owners’ equity, which is in itself a summation of the owner capital and retained earnings (Brownfield, 2007). The owners’ equity is a total of $165.95, which, when added to the liabilities worth $39.00, come up to a total of $204.95, which is equal to th e total assets held by the firm.Advertising Looking for essay on accounting? Let's see if we can help you! Get your first paper with 15% OFF Learn More Income statement The income statement for the Lemonade stand business is made up of two figures, the revenues from sales and expenses relating to the cost of inventory used by the firm (Brownfield, 2007). The net income from the income statement is realized after subtracting the expenses from the revenues, and for the lemonade stand business, the revenues are $185.90 and expenses are $59.95. From this data, the net income or earnings are estimated as $125.95, which is a figure that indicates that the lemonade made a profit for the first season of operations. Reference Brownfield, L. (Ed.). (2007). MBA Essentials. New York: McGraw-Hill Learning Solutions. This essay on The accounting summary report for the Lemonade stand business was written and submitted by user Travis Golden to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

American Revolution Essays (923 words) - American Enlightenment

American Revolution Essays (923 words) - American Enlightenment American Revolution Events leading to the American Rev. During the late seventeen hundreds, many tumultuous events resulted in Colonial opposition to Great Britain. The conditions of rights of the colonists will slowly be changed as the constriction of the parliament becomes more and more intolerable. During the Seven Years' War England was not only alarmed by the colonists' insistence on trading with the enemy, but also with Boston merchants hiring James Otis inorder to protest the legality of the writs of assistance (general search warrants) used to hunt out smuggled goods. "let the parliament lay what burthens they please on us, we must, it is our duty to submit and patiently bear them, till they will be pleased to relieve us....". This is a very strong dictum, that in 1764, the colonists were of a submissive nature, and were weakly pleading for self-autonomy. This small fire of anger will become a huge conflagration as the rights are slowly rescinded. On October 19, 1765 the Stamp Act Congress and Parliamentary Taxation committee's passed some laws that attempted to strengthen the grip of the English crown. "I.That his Majesty's subjects in these colonies, owe the same allegiance to the Crown of Great Britain that is owing from his subjects born within the realm, and all due subordination to that august body, the Parliament of Great Britain." This statement can be used as a summation of the entire document that the Stamp Act Congress had initiated. The statement depicts the colonists has having to be submissive and servile in the view of Great Britain, this policy angered the colonists very much, and was another component of the transition of the colonists' rights and liberties. When the Declatory Act was passed in March of 1766, many colonies were attempting to claim that they were "seceding" from England. "Whereas several of the houses of representatives in his Majesty's colonies and plantations in America, have of late, against law, or to the general assemblies of the same, the sole and exclusive right of imposing duties and taxes upon his Majesty's subjects in the said colonies....be it declared ...., that the said colonies and plantations in America, have been, are, and of right ought to be, subordinate unto, and dependent upon the imperial Crown and Parliament of Great Britain;". The Parliament of course denounced the attempt at independance and still dogmatilcally passed the following law to show that the colonists were still british subjects. Again, the colonists were infuriated and later will resist the british imperialism on the colonies. "All before, are calculated to regulate trade, and preserve prpromote a mutually beneficial intercourse between the several constituent parts of the empite"", yet those duties were always imposed with design to restrain the commerce of one part". This statement by the colonist (John Dickinson), shows that th sole rason for new taxes is just for the British gov't to make money, at the expense of the economy of the colonies. Dickinson makes a important distinction between the rights of the colonies and the authority of the parliament. Dickinson's comments were ubiquitous among the colonists, and thus infuriated them to rebellion, and the seizure of basic democratic rights. "From necessity of the case, and a regard to the mutual interest of both countries, we cheerfully consent to the operation of such acts of the British parliament as are bona fide restrained to the regulation of our external commerce, for the purpose of securing the commercial advantages of the whole empire to the mother country , and the commercial benefits of it's respective members excluding every idea of taxation, internal or external, for raising a revenue on the subjects in America without their consent ...." The continental congress had presented it's colonial rights. These rights enable the colonies to be more autonomous with exception to those several states who are under the british control. One important element of the document, is the idea of taxation without representation; the said that raising taxes without consent was illegal and that the commercial benefits of the colony should be shared within the colonies, instead of England becoming more and more economically prosperous. The whole idea of mercantilism was about to be crushed, due to this idea, of self-autonomy with respect to colonial economics. "Ye that oppose independence now, ye know not what ye do, ye are opening a door to eternal tyranny....". This statement made by Thomas Paine shows the foreshadowing, of what colonists would do. The British are trying to prevent independence, and from doing so, they are being tyrannical. Again, the rights of the colonists are being questioned and rebellion shortly will be forthcoming. "That whenever any form of Government becomes destructive of these ends, it

Finding Your Markets

Finding Your Markets Before you fork over a chunk of money to subscribe to a writers market database, try your hand at compiling your own market list At www.thesearchenginelist.com, you will find a list of search engines. Â  Its a fairly comprehensive list, which includes a brief description of the type of coverage you can expect from each search site. Of course, Google, Bing and Yahoo are the three most popular. Select the one you prefer, or that most closely defines the type of material you are seeking. Enter a plain language search string such as fiction markets or freelance writing markets or magazine editorial guidelines. If you are finding the horror genre markets included in the results and you wish to eliminate them, type this phrase: fiction markets not horror. Some search engines will give you different results if you type this: fiction markets –horror. For more targeted results, add your genre to the search string: romance fiction markets not paranormal or: fiction markets +romance. Always try the plain language version before you try the +/- option. When using the symbols, dont leave a space between the symbol and the word you are adding to or deleting from the search. Experiment with various keyword combinations to find what works best for you and for the search engine you are using. Discard any search strings that yield poor results, but make sure you write down each of your successful search strings so you can apply them later. Each search engine produces slightly different results. Dont be intimidated Finally, to find what method works best for you, try mega-search engines that pull results simultaneously from several search engines. Three of the top meta-search tools, Dogpile, WebCrawler and MetaCrawler, all compile results from a variety of major search sites such as Google, Bing and Yahoo as well as many others. As a finishing touch, you might check to see who is looking for a writer No more paying someone else a fee to do the searching for you. No more hours wasted sifting through dozens of generalized market lists. Soon you will have your own database of markets, every element of which you targeted specifically for your writing products.

Literacy Essay Example | Topics and Well Written Essays - 500 words

Literacy - Essay Example Functional literacy's popularity, that since formulations by UNESCO in the 1940s is based upon the assumption that it is of great practical importance as it enables access to work and economic security. Functional literacy occupies a place at the low extreme of a literacy continuum on which cultural and critical forms of literacy occupy the high extreme. High forms of literacy are associated with high order cognition (abstraction, logical reasoning, simultaneous consideration of several ideas and wisdom beyond knowledge) but significant ideological differences separate cultural literacy and critical literacy (McLaren, 2001). Cultural literacy is a contemporary version of the classical paradigm in that it focusses upon the transmission of mainstream linguistic and cultural knowledge. Critical literacy is a refinement and extension of the progressive paradigm and is concerned with 'decoding the ideological dimensions of texts, institutions, social practices and cultural forms such as television and film, in order to reveal their selective interests' (McLaren, 2001: p. 213). Within the critical paradigm, attention is given to reading, writing, spelling, grammar, punctuation, speaking, listening, viewing, etc. only in so far as they enable one to use language critically and intentionally to serve one's own purposes. The term of 'literacy' has been chosen for a number

Why I hate 3-D Summarize Essay Example | Topics and Well Written Essays - 250 words

Why I hate 3-D Summarize - Essay Example People with subtle, negligible eye problems face headaches and nausea because the artificial 3-D imaging disrupts the way our brain is accustomed to visualize 2-D objects. Moreover, 3-D movies are also dimmer than their 2-D counterparts since the projectors are inherently incompatible with 3-D films (because they distribute the light between both eyes, hence reducing it). The question that arises here is, if the 3-D experience is the wasteful technology it is, why has its reputation as a revolutionary breakthrough sustained? The answer is commercialization. Modern day producers and filmmakers are becoming captive to the market forces. Hollywood is growing insecure of the alternatives the modern consumer has access to. The advent of Blu-ray discs, HD cable, and home digital projectors has stolen the movie theatres’ historic role of providing a premium movie experience. 3-D seems to be the only feature left which is exclusive to movie theatres, and the market officials need to use it as an excuse to validate the high prices for movie tickets. They are capitalizing upon the success of phenomenal films like Avatar. But, what eludes the audience and the filmmakers is that movies like Avatar are the exception, not the norm. Not every filmmaker is equipped with the skill and expertise of David Cameron, neither have they been endowed with the same amount of passion for filmmaking. 3-D is suited to a limited range of genres and even then it needs careful handling otherwise filmmakers end up making fake 3-Ds like Clash of the Titans. Serious films catering to a more mature audience should not be made to comply with this growing trend of commercialization. It just doesn’t suit them and will eventually disappoint their audience. The future of Hollywood cannot rest upon the shallow foundations of commercialization. It’s future relies on true quality. True quality is holistic in its approach,

How to write a Definition Essay Essay Example for Free

How to write a Definition Essay Essay A definition essay is an essay concentrated on the explanation of the meaning of a definite term. The term may be analyzed from the position of one and only meaning and also from the position of subjectivity of the person defining the term. This classification divides the words into two groups: †¢material terms – a table, a door, a printer. †¢spiritual terms – friendship, love, honor, pride. How to write a definition essay? Read more:  How to write an outline for a cause and effect essay A good definition essay is required to have a strong thesis statement in which the point of view of the author on a certain term is revealed. Ordinarily, the term is given the general basic definition implying that the dictionary definitions must be only a start for the author’s unique definition of the term. In order to make a definition essay professionally it is necessary to find a definition of the term that corresponds to the opinion of the author. The definition is always given in own words and specifies what meaning of the term is to be analyzed. Definition essay Outline Three Tips for an effective definition essay †¢The readers should be told the defined term. †¢The presented information should be basic and clear. †¢It is necessary to use a wide range of examples to make sure the reader understand the point of view of the author. Three gold rules for writing a good definition essay †¢Ã¢â‚¬Å"When† and â€Å"where should not be used in a good definition. A noun is defined through a noun, a verb through a verb, ect. †¢The definition should never copy the dictionary definition but is supposed to be unique reflection of the author’s opinion. †¢The best way to explain the definition is to use simple language. DEFINITION ESSAY CONTINUED †¦ Structure: definition essay format The basic structure of a definitions essay consists of the thesis statement, examples to reveal the term from the necessary side and the author’s final restatement. †¢Definition is presented †¢It is analyzed by: function structure analysis †¢The meanings which are not considered by the author are specified. †¢The definition is supported with various examples. †¢The structure of the essay language must be appealing to the reader. CAUSE AND EFFECT ESSAY How to write a Cause and Effect Essay: format, structure, outline, examples, topics This type of essay is concentrated on the ability of the writer to connect the reasons the things happen and the consequences they might have. In other words it is the connection between the causes of events and the effects this cause have on any analyzed aspect. A cause and effect essay is designed to organize the discussion of the ideas of a certain topic (its causes and results). Writing a cause and effect essay In order to write a professional cause and effect essay it is necessary to understand the term casual chain or domino effect. A cause chain or a domino effect –is a chain formed of a cause producing a situation and this situation producing another situation and so on. Each situation may have various causes and effects. Nevertheless, it is suggested for students to analyze no more than three causes or effects of any situation devoting a separate paragraph for each point. Cause and effect essay structure As the situation analyzed in the cause and effect essay may have different background there are three structures that may be applied. Each situation requires only on of the three structure variants. 1 variant Multiple causes  ® one effect †¢Thesis statement (mentions the general effect of the situation mentioning three causes that lead to such an effect) Ex. Child violence is caused by lack of parental attention, parental abuse and parental immaturity. †¢First cause (a more detailed look on lack of parental attention with two minor supports) †¢Second cause (a more detailed look on parental abuse using two minor supports) †¢Third cause (a more detailed look on parental immaturity with the help of two minor supports) 2 variant One cause ® multiple effects CAUSE AND EFFECT ESSAY CONTINUED †¦ †¢Thesis statement (mentions that one factor leads to a variety of consequences). Ex. Watching violent films has a great impact on the child’s psychological and physiological condition. †¢First group of effects (psychological effects) †¢Second group of effects (physiological effects) 3 variant Causal chain (Domino effect) †¢Thesis statement (mentions the first and the last parts of the chain) Ex. Thinking about art leads to poor results in foreign language class. †¢First domino (thinking about art  ®forgot to take the medicine) †¢Second domino (without the medicine could not get enough sleep) †¢Thirst domino (being tired could not learn the home work for the foreign language class) †¢Last domino (being not ready for class gained a poor mark). COMPARE AND CONTRAST: Compare and Contrast Essay How to write a Compare and Contrast Essay: format, structure, outline, examples, topics Writing a compare and contrast essay This type of essay is basically a composition, which is concentrated on two points. The compare and contrast essay reveals the differences and the similarities of these two points, things, situations, etc. The main task of any writer is to find as many similarities and a difference, as it is possible. How to write a compare and contrast essay? In order to write a professional compare and contrast essay it is necessary to remember that it is vital to identify the points of comparison. This is a major requirement because without this proper identification the essay will not have a correct logical form. To make a detailed compare and contrast essay the first step is to point out the key aspects and do a research on the topic including articles and books. Compare and contrast essay structure The compare and contrast essay has a rather simple structure but nevertheless it is important to specify its contents: Introduction (Introduction is used to choose what will be compared and contrasted and to identify the major lines of comparison. The introduction must be very bright as it is supposed to catch the attention of the reader and make the rest of the essay appealing to the reader. One of the main secrets of any successful compare and contrast essay introduction is adding a surprising fact or an anecdote on the topic of discussion). Body a.Each of the compared points has to be presented in a separate paragraph or if it is necessary in two paragraphs. b. When all the compared points are revealed to the reader the writer is suggested to put analyze them one more time together in order to put in one solid comprehension of the essay. The paragraphs must be connected with each other with very strong topic sentences. The reader is not supposed to face any difficulties understanding the reason the material is organized the way it is. In other words the reader is expected to understand the reason the writer is analyzing these given aspects. COMPARE AND CONTRAST CONTINUED †¦ c.The body should be critically read, as each topic sentence has to clearly summarize the main point of the paragraph. d.For better result the body should be analyzed from the perspective of an independent analytic, so it should be read a day after it was written or by another trusted person for review. Conclusion (Conclusion is used to summarize the key similarities and differences of the two analyzed things. Word for word restatements should be avoided. The reader is not supposed to feel any doubt in the compare and contrast essay perspective on the topic). ARGUMENTATIVE ESSAY: How to write an Argumentative Essay: Outline, Structure, Format, Examples, Topics How to write an argumentative essay? The leading tone in an argumentative essay is the position of proving that the presented point of view is the correct one and possesses more truthful arguments than any other opinions. The author through proper reasoning, inducting and making conclusions, must prove the assertions or the theories of the argumentative essay. If the author fails to apply the reasons and conclusions to the topic of the essay such essay is considered to be an unsubstantiated opinion. Argument essay writing requires the ability of the author to show that he makes conclusions according to definite facts and not on his personal assumptions only. The idea that a theory created on a base of some sort of argument answers the question â€Å"how to write an argumentative essay†. So in reality it is the best argument essay. Argumentative essay Format Any argumentative essay needs to be written according to the following form: 1.It must begin with a clear statement and reveal the significance of the presented opinion in terms of the analyzed phenomenon. 2.In order to make the argumentative essay professional a wide range of information concerning the phenomenon should be reviewed. 3.As the reader is to â€Å"agree† with the data listed in the essay must be as reliable as possible. Structure of the argumentative essay A good argumentative essay has several paragraphs that should be concentrated on different aspects of the essay 1.Introduction (The reader is introduced to the analyzed phenomenon and the opinion is revealed through a strong thesis statement). 2.Previous attempts to solve the argument ( Are provided from literature). 3.The consequences of the problem (its negative or positive impact). 4.Repercussion of the argument in case it is not finally solved(supported with sources). 5.Connecting the argument with the provided facts. ARGUMENTATIVE ESSAY CONTINUED †¦ 6.Summary (a conclusion including main ideas and the thesis restatement). Argumentative essay outline structure A good argumentative essay has several paragraphs that should be concentrated on different aspects of the essay 1.Introduction (The reader is introduced to the analyzed phenomenon and the opinion is revealed through a strong thesis statement). 2.Previous attempts to solve the argument ( Are provided from literature). 3.The consequences of the problem (its negative or positive impact). 4.Repercussion of the argument in case it is not finally solved(supported with sources). 5.Connecting the argument with the provided facts. 6.Summary (a conclusion including main ideas and the thesis restatement). DIVIDE AND CLASSIFY ESSAY: Classification Essay How to write a Classification Essay: format, structure, outline, examples, topics Writing a classification essay This type of essay is a very specific one as it deals with the Classification of organizing the logical connections in it. The author of a classification essay is supposed to organize or sort the arguments of the essay in categories. An important thing to mention is that the categories are to fully resemble the essence of the essay’s topic. How to write a Classification essay In order to write a professional classification essay three advices should be kept in mind. First of all the organized categories are expected to fully reveal the theme of the essay and therefore must be very useful in terms of the classification Classification. In spite of the amount of the separated categories each of them must follow one logical principle. And also each of the presented categories is to provide examples. Classification essay Outline This rubric is a condensed treatment of the Classification essay writing, this Outline is just a description of the main facts and rules about how to write this type of essay. One should practice as much as possible to become good in writing a Classification essay. Classification essay structure The structure of a classification essay is built around the construction of the categories. 1.Introduction (The basic part pf the introduction is the thesis statement. The strength of the thesis statement depends on how well it reveals the topic and its classification. It is to justify the specific categories chosen for this classification). The thesis statement has a very determined logical structure: theme ® its classification ® chosen categories (the number of categories is suggested to be limited to three in order not to blur the classification). For instance: Exchange students can face three benefits: education, experience and cultural exchange. DIVISION – CLASSIFICATION ESSAY CONTINUED †¦ 1.Body †¢First category (The less important category). †¢Second category †¢Third category (The most important one and requires brighter examples). In a good classification essay each category must follow one organizing principle. The categories can be organized on the basis of forming different groups of arguments) . 1.Conclusion The conclusion is the summary of the analyzed categories and the restatement of the thesis statement. Classification essay format This type of essay like all others could be formated in MLA, Chicago/Turabian, APA, AMA. That depends on your essay topic, subject area and the assignment requeirements. Please be consistent following the one style of format of all the essay elements: Title, headings, paragraphs Text pages, Fonts, Indents, Justifications, Spacing, Page numbers, Emphasis, Footnotes, reference list etc.

Battle of Gettysburg :: essays research papers

What was supposed to last 90 days, now dragged on for more than two years. It was apparent, now more than ever, that little was being accomplished but the taking of hundreds of thousands of lives. The war between the Union and Confederacy had been in a sort of deadlock where each side could claim victories as easy as defeats. By this time the south had the upper hand â€Å"militarily wise,† just coming off a magnificent tactical victory at Chancellorsville in May. General Lee headed the Confederacy’s, Army of Northern Virginia, General Meade headed the Union’s Army of the Potomac. Both sides saw the need to win that one, crucial victory to turn the tide completely in their favor. They would get their chances at a small town in Pennsylvania. The battle was dubbed the Battle of Gettysburg for the town of Gettysburg, PA.   Ã‚  Ã‚  Ã‚  Ã‚  By June of 1863 General Lee asked President Davis to march his army north out of VA. Davis granted Lee permission. Lee, with 75,000 troops, made his way north, just west of the Blue Ridge Mountains into Maryland. Lee made haste in doing so. He wanted the advantage to set up a defensive position forcing the Union to attack him there. His troops went from town to town for food and supplies. On June 28th they crossed into Pennsylvania and toward Gettysburg. Upon arrival about a mile northwest of town, Colonel Buford’s cavalry unit met Lee’s III Corps headed by General Hood. Much to his disappointment his troops had began to fight without his acknowledgement. Meanwhile, the Army of the Potomac was hot on Lee’s heels but marched east of the Blue Ridge so as not to be detected. Meade with 100,000 men would arrive piece by piece in the next two days from the south of town.   Ã‚  Ã‚  Ã‚  Ã‚  The battle was inevitable and it began here in a little known farm town. Both sides knew that Antietam was just a prelude, a year earlier, to the carnage which was to come. General and soldier alike could see what was unraveling. These armies saw a similar scenario the first time Lee brought his army north.   Ã‚  Ã‚  Ã‚  Ã‚  Many reasons can be attributed to why General Robert E. Lee wanted to lead his troops into hostile northern territory. He knew he would be vastly outnumbered and without support.   Ã‚  Ã‚  Ã‚  Ã‚  One reason was that for 2 years now Virginia was being destroyed do to battle and armies.