April 29th, 2010 | 
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There are plenty things that you can implement immediately to help ease that huge bill that you get once a month like clock work. Like many people the world over electric bills have become a nuisance (a real pain in the neck) and most don’t mind taking certain steps to help in reducing it. As you will see the following steps to reducing your electric bill are easy and very beneficial if the time were taken to implement them.
Accessories:
When most of us leave a room to go into another room we generally take electricity for granted and leave the lights on in the room we just left. Do you think that turning off appliances or lighting for just 5 0r 10 minutes everytime you leave a room would lower your electric bill? Yes it can. If you would actually pay close attention to all the lights that stay on in rooms for hours at a time when no one is in the room coupled with all of the clocks and the equipment all around, the average home, that uses electricity to stay on standby you could stand to save quite a bit. In fact taking these steps to reducing your electric bill will go a long way if you are consistent with impementing them, or do it on a daily basis.
Lights:
There are other things that you can do to help reduce your electric bill like making smart power investments like replacing your incandescent bulbs with compact fluorescent light (CFL) bulbs. These bulbs are a great power-saving investment. You can find bulbs like these in your home improvement stores like Home Depot, and Lowes. The bulbs are like the curly-Q french fries that some of the fast food restaurants sell. They actually burn cooler than the conventional light bulb and useses less electricity.
Appliances:
Electricity usage has little to do with the amount of or how many appliances a home has and more to do with how the appliances are being used instead. For example: How many times a day do you wash clothes? If the answer is more than once then ask yourself was it necessary and when you wash clothes is it necessary to use a full tub of water or can you use a half tub for the amount of clothes that are in the tub? Did you know that the extra electricity that you use with the washing machine isn’t the only electricity being used when the washer is running? Few people know or aren’t conscious about the electricity being used when the washer is running like the water heater.
Water Heater:
The water heater automatically kicks on everytime the washer is running and hot water is being used, when people are taking baths, and everytime the hot water is being used excessively, because as the hot water is being used the hot water tank is being replinished with fresh (cold water) and depending on the size of the tank it may take hours to heat all of that fresh water back up. So your electric is being used to heat that water back up long after you have finished washing the clothes. what steps to reducing your electric bill could you take in this case? Use cold water whenever possible when washing clothes and reduce the amount of hot water you use when taking baths, also lower the thermostat a few degrees on the hot water heater if they (there is generally 2) are turned up to high for hotter water.
Clothes Dryer:
Another culprit of electricity consumption in the same room is the dryer. Oh boy, the dryer is like the hot water heater in that it too has elements that have to be energized completely throughout the drying phase. Can you imagine how much electricity it would take for the dryer to run for 45 min to 1 hour? each and everyday? Sometimes twice a day or more? That type of energy consumption in just the wash room could send an electric bill through the roof! Some simple steps to reducing your electric bill that you can easily implement here are: If possible put up a clothes line somewhere on the property that will allow you to hang your clothes out to dry, not only will this save electricity but clothes, linens, and everything seems to smell fresher when the clean fresh air blows them dry. And an added benefit is that you’ll get a little exercise too. If you find that you just have to use the dryer put a half load of clothes in it at a time, smaller loads will dry faster. I generally set my timer to a cooler
temperature too when I use my dryer, that way the elements don’t heat up as much and the clothes still get dry.
The Central Heat And Air:
Hear is yet another Culprit that just loves electricity! Central heat and air or any type of air conditioner that pulls a 220 or more electrical current can sky rocket your electric bill enormously however there are steps to reducing your electric bill that you can still take even here like: The thermostat setting, where is yours now? Generally, depending on where you live, you can set your setting to between 73-78 and it will allow your bill some relief providing you don’t have open windows, gaps under the doors that lead outside, if you have a loft besure that the door that leads to it is sealed tight, if it’s on the inside of the home, because air can escape throught the loft door. Make sure all windows, when closed, are sealed tight because air can escape through cracks and crevices causing your air conditioner to turn on twice as many times throughout the day once the thermostat has reached the desired setting.
Suming It Up:
Things are going to change drastically in the years to come as far as electricity consumption is concerned. There are methods that some are taking now to insure that they are ahead of the game with the electricity and environmental issues that we now have such as installing solar power systems in their homes that allows them to produce free, unlimited supplies of electricity for themselves in their homes. Some of these systems have generators that run on wind power and when there isn’t enough wind power to push the windmill they have solar panels that catches sunlight and generates electricity by use of solar cells. In many cases where the use of solar power is being used home owners who stay connected to the, Grid, experience kick backs in the form of checks from their power company for excess electricity that they didn’t use from their self generated electric systems. There are many steps to reducing your electric bill that you can take or eliminate it all together that are readily available. These are just a few suggestions that will make a big difference in your electric bill if followed religiously.
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All Rights Reserved (c) Copyright 2008
Donald Whitehead
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Posted in solar power lighting
COLO company-comprehensive problem perpetual…please help!!!!!!!?
. In this project, follow the steps of the accounting cycle to process given transactions in a business environment. Then, synthesize special journals, a trial balance, financial statements, and a post-closing trial balance
Assume it is Monday, May 1, the first business day of the month, and you have just been hired as the accountant for Colo Company, which operates with monthly accounting periods. All of the company’s accounting work is completed through the end of April and its ledgers show April 30 balances. During your first month on the job, the company experiences the following transactions and events (terms for all its credit sales are 2_10, n_30 unless stated differently):
May 1 Issued Check No. 3410 to S&P Management Co. in payment of the May rent, $3,710. (Use two lines to record the transaction. Charge 80% of the rent to Rent Expense—Selling Space and the balance to Rent Expense—Office Space.)
2 Sold merchandise on credit to Hensel Company, Invoice No. 8785, for $6,100 (cost is $4,100).
2 Issued a $175 credit memorandum to Knox, Inc., for defective (worthless) merchandise sold on April 28 and returned for credit. The total selling price (gross) was $4,725.
3 Received a $798 credit memorandum from Peyton Products for the return of merchandise purchased on April 29.
4 Purchased the following on credit from Gear Supply Co.: merchandise, $37,072; store supplies, $574; and office supplies, $83. Invoice dated May 4, terms n_10 EOM.
5 Received payment from Knox, Inc., for the balance from the April 28 sale less the May 2 return and the discount.
8 Issued Check No. 3411 to Peyton Products to pay for the $7,098 of merchandise purchased on April 29 less the May 3 return and a 2% discount.
9 Sold store supplies to the merchant next door at their cost of $350 cash.
10 Purchased $4,074 of office equipment on credit from Gear Supply Co., invoice dated May 10, terms n_10 EOM.
11 Received payment from Hensel Company for the May 2 sale less the discount.
11 Purchased $8,800 of merchandise from Garcia, Inc., invoice dated May 10, terms 2_10, n_30.
12 Received an $854 credit memorandum from Gear Supply Co. for the return of defective office equipment received on May 10.
15 Issued Check No. 3412, payable to Payroll, in payment of sales salaries, $5,320, and office salaries, $3,150. Cashed the check and paid the employees.
15 Cash sales for the first half of the month are $59,220 (cost is $38,200). (Cash sales are recorded daily but are recorded only twice here to reduce repetitive entries.)
15 Post to the customer and creditor accounts. Also post individual items that are not included in column totals at the end of the month to the general ledger accounts. (Such items are posted daily but are posted only twice each month because they are few in number.)
16 Sold merchandise on credit to Hensel Company, Invoice No. 8786, for $3,990 (cost is $1,890).
17 Purchased $13,650 of merchandise from Fink Corp., invoice dated May 14, terms 2_10, n_60.
19 Issued Check No. 3413 to Garcia, Inc., in payment of its May 10 invoice less the discount.
22 Sold merchandise to Lee Services, Invoice No. 8787, for $6,850 (cost is $4,990), terms 2_10, n_60.
23 Issued Check No. 3414 to Fink Corp. in payment of its May 14 invoice less the discount.
24 Purchased the following on credit from Gear Supply Co.: merchandise, $8,120; store supplies, $630; and office supplies, $280. Invoice dated May 24, terms n_10 EOM.
25 Purchased $3,080 of merchandise from Peyton Products, invoice dated May 23, terms 2_10, n_30.
26 Sold merchandise on credit to Crane Corp., Invoice No. 8788, for $14,210 (cost is $8,230).
26 Issued Check No. 3415 to Perennial Power in payment of the May electric bill, $1,283.
29 The owner of Colo Company, Jenny Colo, used Check No. 3416 to withdraw $7,000 cash from the business for personal use.
30 Received payment from Lee Services for the May 22 sale less the discount.
30 Issued Check No. 3417, payable to Payroll, in payment of sales salaries, $5,320, and office salaries, $3,150. Cashed the check and paid the employees.
31 Cash sales for the last half of the month are $66,052 (cost is $42,500).
31 Post to the customer and creditor accounts. Also post individual items that are not included in column totals at the end of the month to the general ledger accounts. Foot and crossfoot the journals and make the month-end postings.
Required
1. Enter these transactions in a sales journal, a purchases journal, a cash receipts journal, a cash disbursements journal, or a general journal as illustrated in this chapter. Post when instructed to do so. Assume a perpetual inventory system.
2. Prepare a trial balance in the Trial Balance columns of the work sheet form provided with the working papers. Comple
I’ve sent the file to that address you gave me.
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