How would I plug these into T accounts?

Paid $400 for the current month's rent

Purchased repair supplies on credit, $500

Paid salary to a helper, $450

ahh, good old T accounts.

1) paid $400 for the current month's rent
Dr. Rent Expense 400 (add 400 to the left side)
Cr. Cash 400 (add 400 to the right side)

2) purchased repair supplies on credit, $500
Dr. Supplies 500 (add 500 to the left side)
Cr. Accounts Payable 500 (add 500 to the right side)

3) paid salary to a helper, $450
Dr. Salary Expense 450 (add 450 to the left side)
Cr. Cash 450 (add 450 to the right side)

Note: Left Side = Debit, Right Side = Credit

Ok I have a question that I don't understand about stock options.
Why won't everyone do it and become rich?

Because if you agree to buy the stock option at some fixed date and when the time comes for emmployees to exercise their options when the current market price is higher they can make money and if not they don't have to excersice their option so isn't this be a win-win situation? Because you don'thave to excersice your option.

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Originally Posted by FinancialAccoun

Ok I have a question that I don't understand about stock options.
Why won't everyone do it and become rich?

because if you agree to buy the stock option at some fixed date and when the time comes for emmployees to exercise their options when the current market price is higher they can make money and if not they don't have to excersice their option so isn't this be a win-win situation? because you don'thave to excersice your option.

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So from your question, it sounds like you are specifically referring to just employee stock options. In that case, there is no reason not to. Do you know of some employees who aren’t taking advantage of it?

I guess one reason would be people might be waiting.

For example. Your option to buy is at 10 per share. It is trading at 12. You think the price will go up and want to wait. But you don’t want to exercise at 10, because you don’t want to risk losing your own money, or maybe you don’t have the money to exercise at 10.

Kilmer Corporation began the year with retained earnings of $217,000. During the year, the company issued $294,000 of Common Stock, recorded expenses of $840,000, and paid dividends of $56,000. If Kilmers ending retained earnings was $231,000 what was the companys revenue for the year?