subject
Business, 10.10.2019 03:00 ira51

Mint cleaning inc. prepared the following unadjusted trial balance at the end of its second year of operations ending december 31. (assume amounts are reported in thousands of dollars.) account titles debit credit cash $ 52 accounts receivable 14 prepaid insurance 9 equipment 108 accumulated depreciation $ 0 accounts payable 14 common stock 104 retained earnings 17 sales revenue 112 insurance expense 0 salaries and wages expense 24 supplies expense 40 totals $ 247 $ 247 other data not yet recorded at december 31: insurance expired during the year, $7. depreciation expense for the year, $6. salaries and wages payable, $9. income tax expense, $11. by what amount would net income have been understated or overstated had the adjusting journal entries not been recorded? (enter your answers in thousands of dollars.)

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 00:20
Overspeculation and a decrease in consumer confidence are both leading factors of: ?
Answers: 1
question
Business, 22.06.2019 11:10
Use the information below to answer the following question. the boxwood company sells blankets for $60 each. the following was taken from the inventory records during may. the company had no beginning inventory on may 1. date blankets units cost may 3 purchase 5 $20 10 sale 3 17 purchase 10 $24 20 sale 6 23 sale 3 30 purchase 10 $30 assuming that the company uses the perpetual inventory system, determine the gross profit for the month of may using the lifo cost method.
Answers: 1
question
Business, 22.06.2019 15:20
Kelso electric is debating between a leveraged and an unleveraged capital structure. the all equity capital structure would consist of 40,000 shares of stock. the debt and equity option would consist of 25,000 shares of stock plus $280,000 of debt with an interest rate of 7 percent. what is the break-even level of earnings before interest and taxes between these two options?
Answers: 2
question
Business, 22.06.2019 20:20
As you have noticed, the demand for flip phones has drastically reduced, and there are only a few consumer electronics companies selling them at extremely low prices. also, the current buyers of flip phones are mainly categorized under laggards. which of the following stages of the industry life cycle is the flip phone industry in currently? a. growth stage b. maturity stage c. decline stage d. commercialization stage
Answers: 2
You know the right answer?
Mint cleaning inc. prepared the following unadjusted trial balance at the end of its second year of...
Questions
question
Mathematics, 23.09.2019 01:00
question
Mathematics, 23.09.2019 01:00
Questions on the website: 13722361