RC Hobby Unlimited

Where can I list my R.V. (motor home) for sale on the internet for FREE?

I’d like to sell my G.M.C. Midas motor home, that has only 75,000 miles on it, with a small V8 engine (good on gas), and has a great working roof air conditioner, a great gas stove with oven, fridge, and pleanty of cabinet space. It has a cream and blue exterior, with a mauve and blue interior. It sleeps six. Rides good, and is inspected (in Penna.), and ready to drive away. I’m only asking $3,500. for it. My E-mail address is bobbyg18052@yahoo.com, and I live in Whitehall, Penna. No one in my family is interested in camping anymore, so I want to give this R. V. to a family that will enjoy it. Oh, it does have a shower, kitchen sink, and toilet. The tires a very good, so I think that someone will be very happy with this unit. (it needs tlc) because it’s a 1977 but there is no holding this tough woking truck down. First $3,500. drives it away. Certified bank check, or cash sales only.

Accounting Questions?

1)Assuming a FICA tax rate of 8% on the first $90,000 in wages, and a federal income tax rate of 20% on all wages, what would be an employee’s net pay for the year if he earned $100,000 for the year?
a-$92,800
b-$72,000
c-$80,000
d-$72,800

2) disclosure of acontingent liability is usually made
a-parenthetically in the body of the balance sheet
b- parenthetically in the body of the income statment
c- in a note to the financial statments
d- in the management discussion section of the financial statement

3) which one of the following payroll taxes is NOT withheld from an employees wages because it is not levied on the employee?
a-federal income tax
b-federal unemployment tax
c-state income tax
d-FICA tax

4) an employers estimated cost for post retirement benefits for its employees should be
a-recognized as an expense when paid
b-recognized as an expense during the employees work years
c-recognized as an expense during the employees retirement years
d-charged to the goodwill account because providing employees with benefits generates employee goodwill

5) A truck costing $110,000 was destroyed when its engine caught fire. At the date of the fire, the accumulated depreciation on the truck was $50,000. An insurance check for $125,000 was received based on the replacement cost of the truck. The entry to record the insurance proceeds and the disposition of the truck will include a
a- gain on disposal of $15,000
b-credit to the truck account of $60,000
c-credit to the accumulated depreciation account for $50,000
d-gain on disposal of $65,000

6) natural resources are
a-depreciated using the units of activity method
b-physically extracted in operations and are replaceable only by an act of nature
c-reported at their market value
d-amortized over a period no longer than 40 years

7) a computer company has $2,000,000 in research and development costs. Before accounting for these costs, the net income of the company is $1,600,000. What is the amount of net income or loss after these R&D costs are accounted for?
a-$400,000 loss
b-$1,600,000 net income
c-$0
d-cannot be determined from the information provided

8)During 2008 tyler corporation reported net sales of $3,000,000 and net income of $1,800,000. Tyler also reported beginning total assets of $1,000,000 and ending total assets of $1,500,000. Tylers asset turnover ratio is
a-3.0 times
b-2.4 times
c-2.0 times
d-1.4 times

9) Gains on an exchange of plant assets that has commercial substance are
a-deducted from the cost of the new asset acquired
b-deferred
c-not possible
d-recognized immediately

10)enriques salon has total receipts for the month of $16,430 including sales taxes. If the sales tax rate is 6%, what are enriques sales for the month?
a-$15,444.20
b-$17,415.80
c-$15,500.00
d- it cannot be determined

Help with accounting journal entries and check my work please!?

These are the entries I need to make….

a)Issued 6,000 additional shares of capital stock for $30,000 cash.
b)Borrowed $10,000 on 1/1/2010 from Chase as a long term loan.
Interest for the year is $700, payable on 1/3/2011.
c)Petty Cash Fund was established on 6/1/2010 for $200
d)Paid $5,100 cash on 9/1/2010 to lease a truck for 1 year.
e)Received $1,800 on 11/1/2010 from a tenant for 6 months rent.
f)Paid $900 on 12/1/2010 for one year insurance policy.
g) Purchased $250 supplies for cash.
h)Purchased inventory for $80,000 on account.
i)Sold inventory for $210,000 on Account; cost of the inventory sold was $140,000.
j)Collected $95,000 cash from customers Accounts Receivable.
k)Paid $65,000 cash for inventory purchased during the year.
l)Paid $34,000 for sales reps salaries; including $3,500 owed at the beginning 1/1/2010.
m)Paid dividends of $5,450 on 10/31/2010.
Purchases a truck on 10/1/2010, $25,000 cash; straight line depreciation 5 years useful life.
n)The income taxes payable for 12/31/2009 were paid.
0) All prepaid expenses are recorded as assets & unearned revenue as liabilities
p)At 12/31/2010, $400 worth of supplies are on hand
q)At 12/31/2010, additional $4,000 of sales salaries are owed, but not yet paid.
r)Income tax expense is based on 35% corporate tax rate.

This is what I have…..

Journal Entries at 12/31/2010

a)Cash 30,000
Common Stock 30,000
b)Cash 10,000
Notes Payable 10,000
Intrest Expense 700
Interest Payable 700
c)Petty Cash Fund 200
Cash 200
d)Lease Expense 5,100
Cash 5,100
e)Cash 1,800
Accounts Receivable1,800
f)Prepaid Insurance 900
Cash 900
g)Supplies 250
Cash 250
h)Inventory 80,000
Accounts Payable 80,000
i)Accounts Receivable 210,000
Sales 210,000
Cost of Goods Sold 140,000
Inventory 140,000
j)Cash 95,000
Accounts Receivable 95,000
k)Inventory Expense 65,000
Cash 65,000
l)Accrued Salaries 3,500
Salary Expense 30,500
Cash 34,000
m)Dividends Payable 5,450
Cash 5,450
Truck 25,000
Cash 25,000
n)Income Taxes Payable 3,200
Cash 3,200

Did I do it right?
I also have no idea how to do the last 4 entries….need help.
I got the income tax amount from the balance sheet.
Thanks!!