subject
Business, 28.06.2019 06:30 skyemichellec

The company's adjusted trial balance as follows includes the following accounts balances: cash, $15,000; equipment, $85,000; accumulated depreciation, $25,000; accounts payable, $10,000; retained earnings, $59,000; dividends, $2,000; fees earned, $56,000; depreciation expense, $25,000; and salaries expense, $23,000. all accounts have normal balances. prepare closing entry #1.

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 18:10
In a sumif conditional function, what should be the order of terms in the parentheses?
Answers: 1
question
Business, 22.06.2019 01:00
Data pertaining to the current position of forte company are as follows: cash $437,500 marketable securities 170,000 accounts and notes receivable (net) 320,000 inventories 700,000 prepaid expenses 42,000 accounts payable 240,000 notes payable (short-term) 250,000 accrued expenses 310,000 required: 1. compute (a) the working capital, (b) the current ratio, and (c) the quick ratio. round ratios to one decimal place. 2. compute the working capital, the current ratio, and the quick ratio after each of the following transactions, and record the results in the appropriate columns of the table provided. consider each transaction separately and assume that only that transaction affects the data given. round to one decimal place. a. sold marketable securities at no gain or loss, 75,000. b. paid accounts payable, 135,000. c. purchased goods on account, 100,000. d. paid notes payable, 105,000. e. declared a cash dividend, 125,000. f. declared a common stock dividend on common stock, 45,000. g. borrowed cash from bank on a long-term note, 205,000. h. received cash on account, 130,000. i. issued additional shares of stock for cash, 635,000. j. paid cash for prepaid expenses, 15,000.
Answers: 3
question
Business, 22.06.2019 10:20
Asmartphone manufacturing company uses social media to achieve different business objectives. match each social media activity of the company to the objective it the company achieve.
Answers: 1
question
Business, 22.06.2019 18:00
Your subscription to investing wisely weekly is about to expire. you plan to subscribe to the magazine for the rest of your life, and you can renew it by paying $85 annually, beginning immediately, or you can get a lifetime subscription for $620, also payable immediately. assuming that you can earn 6.0% on your funds and that the annual renewal rate will remain constant, how many years must you live to make the lifetime subscription the better buy?
Answers: 2
You know the right answer?
The company's adjusted trial balance as follows includes the following accounts balances: cash, $15...
Questions
question
German, 15.01.2021 14:00
question
English, 15.01.2021 14:00
question
English, 15.01.2021 14:00
question
Social Studies, 15.01.2021 14:00
question
Mathematics, 15.01.2021 14:00
question
English, 15.01.2021 14:00
question
Mathematics, 15.01.2021 14:00