Homework Answers
For the current month;
Net income is equal to=Revenue-Expenses
=8000-1200
which is equal to
=$6800
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The following are the current month's balances for selected accounts of Sandlin Marketing Company. Accounts Payable...
This Question: 4 pts The following are selected current month's balances for Allbright Enterprises. Accounts Payable...
This Question: 4 pts The following are selected current month's balances for Allbright Enterprises. Accounts Payable Revenue Cash Expenses Furniture Accounts Receivable Allbright Capital Notes Payable $8,000 9,000 5,000 1,750 13,000 12,000 9.250 5,500 Based on this information, calculate the total amount of debits for the trial balance? O A. $26,750 OB. $25,000 OC. $31.750 OD. $30,000
The following are the current month's balances for Adams Marketing Company Accounts Payable $7.000 Revenue 11.000...
The following are the current month's balances for Adams Marketing Company Accounts Payable $7.000 Revenue 11.000 Cash 3,000 Expenses 1,500 Furniture 14000 Accounts Receivable 14.000 Common Stock 10.250 Notes Payable 5.500 What is the net income for Adams Marketing for the current month 1. A) $11,000 2.B) 59.500 3. C) 512 500 4. DI$14,000
The following are selected current month's balances for Morgan, Inc. Accounts Payable $9,000 Revenue $11,000 Cash...
The following are selected current month's balances for Morgan, Inc. Accounts Payable $9,000 Revenue $11,000 Cash $3,150 Expenses $1,600 Furniture $13,000 Accounts Receivable $16,000 Common Stock $7,250 Notes Payable $6,500 Based on this information, calculate the total amount of credits for the trial balance. A. $26,500 B. $24,750 C. $22,750 D. $33,750
The following are the current month's balances for ABC Financial Services, Inc. before preparing the trial...
The following are the current month's balances for ABC Financial Services, Inc. before preparing the trial balance. Accounts Payable Revenue Cash Expenses Furniture Accounts Receivable Common Stock Notes Payable $10,000 5,000 4,000 16,500 11,000 11,000 7,500 What amount should be shown for Common Stock on the trial balance? Which of the following statements is true of a trial balance? O A. A trial balance has the same format as a balance sheet. OB. A trial balance is prepared after the...
can you show your work The following are the current month's balances for Jackson, Inc. Accounts...
can you show your work
The following are the current month's balances for Jackson, Inc. Accounts Payable Revenue Cash Expenses Furniture Accounts Receivable Common Stock Notes Payable $10,000 12,000 5000 1500 14,000 15,000 8250 4000 Calculate the total amount of credits for the trial balance. You Answered S24.250 Correct Answer DOLL
This Question: 4 pts 10 of 25 (9 complete) The following are the current month's balances...
This Question: 4 pts 10 of 25 (9 complete) The following are the current month's balances for ABC Financial Services, Inc. before preparing the trial balance Accounts Payable Revenue Cash Expenses Furniture Accounts Receivable Common Stock Notes Payable $10,000 3,000 6,000 14,500 13,000 11,000 4,500 What amount should be shown for Common Stock on the trial balance? OA. $30,000 B. $14,500 O C. $46,000 O D. $27,000
Score: 0 of 5 pts 2.4-13a The following are the current month's balances for ABC Financial...
Score: 0 of 5 pts 2.4-13a The following are the current month's balances for ABC Financial Services, Inc. before preparing the trial balance. Accounts Payable Revenue Cash Expenses Furniture Accounts Receivable Common Stock Notes Payable $6,000 5,000 3,000 15,500 10,000 12,000 7,500 What amount should be shown for Common Stock on the trial balance? O A. $22,000 O B. $13,500 OC. $25,000 OD. $45,000
The following are the current month's balances for ABC Financial Services, Inc. before preparing the trial...
The following are the current month's balances for ABC Financial Services, Inc. before preparing the trial balance. Accounts Payable $5,000 Revenue 3,000 Cash 2,000 Expenses 15,500 Furniture 13,000 Accounts Receivable 12,000 Common Stock Notes Payable 8,500 What amount should be shown for Common Stock on the trial balance? O A. $13,500 O B. $50,000 OC. $27,000 OD. $26.000
nces The Happy Valley Hotels (HVH) list of current are as follows: Accounts Receivable Accounts Payable...
nces The Happy Valley Hotels (HVH) list of current are as follows: Accounts Receivable Accounts Payable Accrued Expenses Advance Deposits Allowance for Doubtful Accounts Beverage Inventory Cash Current Maturities--LTD $ 100,000 30,000 15,000 12,000 3,000 15,000 15,000 40,000 25,000 4,000 6,000 Food Inventory Income Taxes Payable Prepaid Insurance The Balance Sheet 73 Notes Payable Notes Receivable Short-Term Investments Required: 25,000 35.000 50,000 1. What is the total of the current assets for HVH? 2. What is the sum of HVH's...
Seljuk Company has the following balances in selected accounts of its adjusted trial balance. Accounts Payable...
Seljuk Company has the following balances in selected accounts of its adjusted trial balance. Accounts Payable $27,000 Service Revenue $98,000 Rent Expense $22,000 Salaries and Wages Expense $51,000 Owner's Drawings $15,000 Owner's Capital $42,000 Accounts Receivable $ 38,000 and Supplies Expense $7,000. Which account or accounts will be debited in the first closing entry journal? I WANT TYPE SOLUTION THEN I LIKE
This Question: 4 pts The following are selected current month's balances for Allbright Enterprises. Accounts Payable Revenue Cash Expenses Furniture Accounts Receivable Allbright Capital Notes Payable $8,000 9,000 5,000 1,750 13,000 12,000 9.250 5,500 Based on this information, calculate the total amount of debits for the trial balance? O A. $26,750 OB. $25,000 OC. $31.750 OD. $30,000
The following are the current month's balances for Adams Marketing Company Accounts Payable $7.000 Revenue 11.000 Cash 3,000 Expenses 1,500 Furniture 14000 Accounts Receivable 14.000 Common Stock 10.250 Notes Payable 5.500 What is the net income for Adams Marketing for the current month 1. A) $11,000 2.B) 59.500 3. C) 512 500 4. DI$14,000
The following are the current month's balances for ABC Financial Services, Inc. before preparing the trial balance. Accounts Payable Revenue Cash Expenses Furniture Accounts Receivable Common Stock Notes Payable $10,000 5,000 4,000 16,500 11,000 11,000 7,500 What amount should be shown for Common Stock on the trial balance? Which of the following statements is true of a trial balance? O A. A trial balance has the same format as a balance sheet. OB. A trial balance is prepared after the...
can you show your work
The following are the current month's balances for Jackson, Inc. Accounts Payable Revenue Cash Expenses Furniture Accounts Receivable Common Stock Notes Payable $10,000 12,000 5000 1500 14,000 15,000 8250 4000 Calculate the total amount of credits for the trial balance. You Answered S24.250 Correct Answer DOLL
This Question: 4 pts 10 of 25 (9 complete) The following are the current month's balances for ABC Financial Services, Inc. before preparing the trial balance Accounts Payable Revenue Cash Expenses Furniture Accounts Receivable Common Stock Notes Payable $10,000 3,000 6,000 14,500 13,000 11,000 4,500 What amount should be shown for Common Stock on the trial balance? OA. $30,000 B. $14,500 O C. $46,000 O D. $27,000
Score: 0 of 5 pts 2.4-13a The following are the current month's balances for ABC Financial Services, Inc. before preparing the trial balance. Accounts Payable Revenue Cash Expenses Furniture Accounts Receivable Common Stock Notes Payable $6,000 5,000 3,000 15,500 10,000 12,000 7,500 What amount should be shown for Common Stock on the trial balance? O A. $22,000 O B. $13,500 OC. $25,000 OD. $45,000
The following are the current month's balances for ABC Financial Services, Inc. before preparing the trial balance. Accounts Payable $5,000 Revenue 3,000 Cash 2,000 Expenses 15,500 Furniture 13,000 Accounts Receivable 12,000 Common Stock Notes Payable 8,500 What amount should be shown for Common Stock on the trial balance? O A. $13,500 O B. $50,000 OC. $27,000 OD. $26.000
nces The Happy Valley Hotels (HVH) list of current are as follows: Accounts Receivable Accounts Payable Accrued Expenses Advance Deposits Allowance for Doubtful Accounts Beverage Inventory Cash Current Maturities--LTD $ 100,000 30,000 15,000 12,000 3,000 15,000 15,000 40,000 25,000 4,000 6,000 Food Inventory Income Taxes Payable Prepaid Insurance The Balance Sheet 73 Notes Payable Notes Receivable Short-Term Investments Required: 25,000 35.000 50,000 1. What is the total of the current assets for HVH? 2. What is the sum of HVH's...
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