Josh’s business sells raw honey and was set up on 1 April 2024. It had the following transactions for the month of April: Apr 1 Josh contributed computers $18,000 and furniture $52,000 to the business. 2 He took up a 5-year bank loan of $50,000 to finance the business operations. 10 Josh bought 1,500 tubs of raw honey costing $20 each on credit from South Valley. 11 90 tubs of the raw honey were found to be spoilt and they were returned to South Valley. 12 Sold 500 tubs of raw honey at $50 each to La Gourmet Grocery on credit. 16 Sold 200 tubs of raw honey at $50 each to walk-in customers by cash. 17 La Gourmet Grocery returned 40 tubs of raw honey as they were labelled wrongly. 20 Josh took up a personal loan from his father and injected $30,000 into the business. This amount is deposited in the business bank account. 26 Paid South Valley $28,000 in full settlement of its account. 27 Josh settled part of the bank loan with a personal cheque of $20,000. 31 Rental $5,500 and salaries $8,500 were paid by cheque. Required: Prepare general journal entries in the following answer template given. Ignore narration. General Journal Date Particulars Debit ($) Credit ($) Marks General Journal (... to continue...)

Amanda keeps bees to produce honey. Each hive produces $300 worth of honey each month. The table below shows Amanda’s marginal cost of tending each bee hive and her private marginal benefit, which is equal to the market value of the honey each hive produces. Marginal Cost and Marginal BenefitQuantity (hives) MCprivate MBprivate MBexternal MBsocial1 $100 $300 $ $ 2 200 300 3 300 300 4 400 300 5 500 300

Amanda keeps bees to produce honey. Each hive produces $300 worth of honey each month. The table below shows Amanda’s marginal cost of tending each bee hive and her private marginal benefit, which is equal to the market value of the honey each hive produces. Marginal Cost and Marginal BenefitQuantity (hives) MCprivate MBprivate MBexternal MBsocial1 $100 $300 $ $ 2 200 300 3 300 300 4 400 300 5 500 300  Instructions: Enter your answers as a whole number. a. What is "private quantity" of hives for Amanda to tend?      hive(s) Now suppose that each of Amanda’s bee hives also provides pollination services to surrounding farms and that these services are worth $100 per hive per month.  b. Fill in the external marginal benefit (MBexternal) and the social marginal benefit (MBsocial) columns in the table above. c. What is the socially efficient number of hives for Amanda to tend if all costs and benefits are considered?      hive(s)

Valley Spa purchased $10,400 in plumbing components from Tubman Company. Valley Spa signed a 45-day, 7% promissory note for $10,400. If the note is dishonored, what is the amount due on the note? (Use 360 days a year.)Multiple Choice$91$10,730$10,650$10,400$10,491

Baffour, a fresh graduate from Cape Coast Technical University wants to invest in one of two animal farming business with a $1 million  loan sourced from Ecobank. Investing in Pig farming will cost 105,000 while the poultry business will cost Ghc100,000. The pig farming business has a lifespan of 5 years while the poultry farm will last for 6 years. The poultry cage would be sold for a scrap which will fetch Baffour $ 40000.  The year end cashflows from the two farms are shown in the table below.Period123456Pig farming2500045000400002000019000Poultry farming300005000050000500002700032,000Assume interest rate to be 5 percent The payback period for the pig farming business is  Blank 1. Fill in the blank, read surrounding text.

Our sourdough bakery had sales of $598 in December. Projected sales for the next quarter are: January $1,173 February $1,387 March $1,652 Sales are 59% cash and the remainder on credit. Debtors pay in the month following the sale. Calculate total cash collected from sales for the month of February. Please enter your answer to 2 decimal places.