Accounting Homework 1. Neal decides to start a smartphone app development company that they incorporate as Softbyte SA. On September 1, 2020, he invested €30,000 cash in the business in exchange for €30,000 of ordinary shares. The ordinary shares indicate the ownership interest that the Neals have in Softbyte SA.
2. Softbyte SA purchases computer equipment for €7,000 and promised to pay after one month.
3. Softbyte SA purchases headsets (and other computer accessories expected to last several months) for €1,600 from Mobile Solutions on cash.
4. Softbyte SA receives €2,000 cash from customers for app development services it has performed.
5. Softbyte SA has salaries of employees for 1,000 which are still due.
6. Softbyte SA performs €5,000 of app development services for customers. The company receives cash of €4,000 from customers, and it bills the balance of €1,000 on account.
7. Softbyte SA pays the following expenses in cash for September: office rent €600, salaries and wages of employees €900, and utilities €200.
8. Softbyte has paid their due amount in salaries of 1,000 in cash from transaction 5
9. : Softbyte SA receives €1,000 in cash from customers who had been billed for services [in Transaction (6)].
10. The company pays a dividend of €2,000 in cash to Ray and Barbara Neal, the shareholders of Softbyte SA. This transaction results in an equal decrease in assets and equity.
Strengthening Legal Frameworks for Prosecuting Piracy and Related Offenses in the Arabian Sea and Red Sea
Strengthening legal frameworks for prosecuting piracy and related offenses in the Arabian Sea and Red Sea. Piracy in the Arabian Sea and Red Sea poses significant threats to international maritime security and trade. This paper examines the effectiveness of current legal frameworks in prosecuting piracy and related offenses in these regions. By analyzing international conventions, […]
