Cash 15,520
Accounts Receivable 33,790
Adjusted Trail Balance
Account Title Dr. Cr.
Cash 15,520
Accounts Receivable 33,790
Supplies 5,280
Prepaid Insurance 11,400
Land 120,000
Buildings 432,000
Accumulated Depreciation-Buildings 140,700
Equipment 312,000
Accumulated Depreciation-Equipment 183,200
Accounts Payable 39,970
Salaries Payable 3,960
Unearned Rent 1,800
Nicole Gorman, Capital 512,990
Nicole Gorman, Drawing 30,000
Service Fees 569,980
Rent Revenue 6,020
Salaries Expense 408,620
Depreciation ExpenseĆ¢Equipment 22,200
Rent Expense 18,600
Supplies Expense 13,150
Utilities Expense 11,880
Depreciation ExpenseĆ¢Buildings 7,920
Repairs Expense 6,550
Insurance Expense 3,590
Miscellaneous Expense 6,120
1,458,620 1,458,620
Required:
Prepare an income statment.
Answers: 3
Another question on Business
Business, 22.06.2019 04:40
Select the correct text in the passage.which sentences in the given passage explains the limitations of monetary policies? monetary policies - limitationsmonetary policies are set by the central bank to bring about growth in the economy.de can be achieved these policiesw at anden i sca poit would be fair to say that changes in the economy cannot be brought about instantly by monetary po des.monetary policy can only influence not control, economic growththe monetary policy makers do work on sining the perfect balance between demand and supply of money in the economy
Answers: 3
Business, 22.06.2019 16:00
Arnold rossiter is a 40-year-old employee of the barrington company who will retire at age 60 and expects to live to age 75. the firm has promised a retirement income of $20,000 at the end of each year following retirement until death. the firm's pension fund is expected to earn 7 percent annually on its assets and the firm uses 7% to discount pension benefits. what is barrington's annual pension contribution to the nearest dollar for mr. rossiter? (assume certainty and end-of-year cash flows.)
Answers: 2
Business, 22.06.2019 21:50
scenario: hawaii and south carolina are trading partners. hawaii has an absolute advantage in the production of both coffee and tea. the opportunity cost of producing 1 pound of tea in hawaii is 2 pounds of coffee, and the opportunity cost of producing 1 pound of tea in south carolina is 1/3 pound of coffee. which of the following statements is true? a. south carolina should specialize in the production of both tea and coffee. b. hawaii should specialize in the production of tea, whereas south carolina should specialize in the production of coffee. c. hawaii should specialize in the production of coffee, whereas south carolina should specialize in the production of tea. d. hawaii should specialize in the production of both tea and coffee.
Answers: 1
Business, 23.06.2019 10:50
In the current period, forward co. started with the production of 21,000 units and completed 8,400 units, leaving 13,200 units in process that are 42% complete. if forward co. incurred production costs of $34,980, what was forward's cost per equivalent unit for the period? (note: round your answer to two decimal places.)
Answers: 3
You know the right answer?
Adjusted Trail Balance
Account Title Dr. Cr.
Cash 15,520
Accounts Receivable 33,790
Cash 15,520
Accounts Receivable 33,790
Questions
Computers and Technology, 28.11.2019 20:31
Computers and Technology, 28.11.2019 20:31
