Prepare the necessary journal entries for the following transactions for Bush Co.
May 25 Bush Co. received a $25000 2-month 6% note from Bolt Company in settlement of an account receivable.
July 25 Bush Co. received payment on the Bolt note.

Goals are more specific than objectives.

Refer to Figure 19.1. After firms can respond to the payroll tax, employment will be

A) 500.
B) 650.
C) 700.
D) 800.

Salta Company installs a manufacturing machine in its factory at the beginning of the year at a cost of $87,000. The machine's useful life is estimated to be 5 years, or 400,000 units of product, with a $7,000 residual value. During its second year, the machine produces 84,500 units of product. What journal entry would be needed to record the machines' second year depreciation under the units-of-production method?

A) Debit Depletion Expense $16,900; credit Accumulated Depletion $16,900.
B) Debit Depletion Expense $16,000; credit Accumulated Depletion $16,000.
C) Debit Depreciation Expense $16,900; credit Accumulated Depreciation $16,900.
D) Debit Depreciation Expense $16,000; credit Accumulated Depreciation $16,000.
E) Debit Amortization Expense $16,900; credit Accumulated Amortization $16,900.

Which of the following is a tip for effective email messages?

A) When responding to a request, avoid including portions from the original message in your email.
B) Use acronyms such as IMHO and LOL extensively.
C) Avoid using email signatures since they come across as being impersonal.
D) Use the "return receipt requested" feature only for the most critical messages.

Retail Stores Inc. pays taxes collected by the appropriate state agencies. Like other state administrative agencies, these agencies were created by

A) a state legislature, through an enabling act.
B) a state court, through the adjudicatory process.
C) a federal administrative agency, through administrative regulations.
D) the state governor, through an executive order.