Alice Stewart is the owner and manager of Stewart’s Travel Agency.  On the 18th October 2023 the business received $7,500 from Michael and Stephanie Breen for flights to London departing on the 20th December 2023.  (3 marks)

A traveler buys a book at an airport. The book costs $10, but the customer has to pay $10.60 at the cash register. This is the result of the:A.income tax.B.property tax.C.sales tax.D.estate tax.

On January 1, Speedy Delivery Company purchases a delivery van for $40,800. Speedy estimates that at the end of its four-year service life, the van will be worth $5,600. During the four-year period, the company expects to drive the van 176,000 miles. Actual miles driven each year were 45,000 miles in year 1 and 50,000 miles in year 2.Required:Calculate annual depreciation for the first two years using each of the following methods.

On January 1, Speedy Delivery Company purchases a delivery van for $40,800. Speedy estimates that at the end of its four-year service life, the van will be worth $5,600. During the four-year period, the company expects to drive the van 176,000 miles. Actual miles driven each year were 45,000 miles in year 1 and 50,000 miles in year 2.Required:Calculate annual depreciation for the first two years using each of the following methods. (Do not round your intermediate calculations.)

Savannah bought 14 chicken wings for $30.80. How much would it cost for 23 wings?

On August 1, 2023, Mark Diamond began a tour company in the Northwest Territories called Millennium Arctic Tours. The following occurred during the first month of operations: Aug. 1 Purchased office furniture on account; $4,700.  1 Mark Diamond invested $6,300 cash into his new business.  2 Collected $2,850 in advance for a three-week guided caribou watching tour beginning later in August.  3 Paid $4,950 for six months’ rent for office space effective August 1.  4 Received $2,300 for a three-day northern lights viewing tour just completed.  7 Paid $1,150 for hotel expenses regarding the August 4 tour.  15 Mark withdrew cash of $400 for personal use.  22 Met with a Japanese tour guide to discuss a $115,000 tour contract.  31 Paid wages of $1,230.Assume Mark Diamond uses the straight-line method to depreciate the assets.Required:1. Prepare General Journal entries to record the August transactions. (If no entry is required for a particular transaction/event, select "No journal entry required" in the first account field.)