1. A utility bill for €2,000 was received on the last day of the month for electric and gas service for the month of June.

【已刪除】 (1) Partners Cantor and Dickens have capital balances in a partnership of $160，000 and $240，000，respectively. They agree to share profits and losses as follows: If income for the year was $200,000， what will be the distribution of income to Dickens ?

(2) Robin Company acquires a piece of land on which it intends to build a factory to produce its primary product. The land is listed for sale at $460, 000, but Robin Company’s real estate broker is able to negotiate a sales price of $420，000. The land contains an old office building that is razed at a cost of $25，000 ($29，000 in costs less $4，000 proceeds from salvaged materials). Robin Company pays a commission to the real estate broker of $23，000 and an attorney’s fee of $6，000. On its statement of financial position at December 31， 2014， what amount will Robin Company record as the cost of the land?

1. Computer the revised annual depreciation in 2007, 12/31 for Buildings

2. Computer the revised annual depreciation in 2007, 12/31 for Equipment

2. A company insurance salesman sold a life insurance policy to a client for a premium of €20,000. The agency billed the client for the policy and is entitled to a commission of 20%.

3. Supplies on hand at the beginning of the month were €4,000. The agency purchased additional supplies during the month for €3,500 in cash and €1,200 of supplies were on hand at June 30.

4. The agency purchased a new car at the beginning of the month for €24,000 cash. The car will depreciate €6,000 per year.

5. Salaries owed to employees at the end of the month total €5,300. The salaries will be paid on July 5. Instructions : Compute the correct net income.

(a) Cash receipts from customers.

(b) Cash payments to suppliers.