Business, 25.02.2020 17:50 Anikarenee
The following events apply to Gulf Seafood for the Year 1 fiscal year: The company started when it acquired $60,000 cash by issuing common stock. Purchased a new cooktop that cost $40,000 cash. Earned $72,000 in cash revenue. Paid $25,000 cash for salaries expense. Adjusted the records to reflect the use of the cooktop. Purchased on January 1, Year 1, the cooktop has an expected useful life of four years and an estimated salvage value of $4,000. Use straight-line depreciation. The adjusting entry was made as of December 31, Year 1. c. What amount of accumulated depreciation would Gulf Seafood report on the December 31, Year 2, balance sheet?
Answers: 3
Business, 21.06.2019 13:00
Druganaut company buys a $21,000 van on credit. the transaction will affect the
Answers: 3
Business, 22.06.2019 02:50
Acompany set up a petty cash fund with $800. the disbursements are as follows: office supplies $300 shipping $50 postage $30 delivery expense $350 to create the fund, which account should be credited? a. postage b. cash at bank c. supplies d. petty cash
Answers: 2
Business, 22.06.2019 10:20
Blue spruce corp. has the following transactions during august of the current year. aug. 1 issues shares of common stock to investors in exchange for $10,170. 4 pays insurance in advance for 3 months, $1,720. 16 receives $710 from clients for services rendered. 27 pays the secretary $740 salary. indicate the basic analysis and the debit-credit analysis.
Answers: 1
Business, 22.06.2019 20:00
Lillypad toys is a manufacturer of educational toys for children. six months ago, the company's research and development division came up with an idea for a unique touchscreen device that can be used to introduce children to a number of foreign languages. three months ago, the company produced a working prototype, and last month the company successfully launched its new device on the commercial market. what should lillypad's managers prepare for next? a. increased competition from imitators b. a prolonged period of uncontested success c. a sharp decline in demand for the product d. a difficult struggle to move from invention to innovation
Answers: 2
The following events apply to Gulf Seafood for the Year 1 fiscal year: The company started when it a...
Mathematics, 15.02.2021 20:40
Mathematics, 15.02.2021 20:40
History, 15.02.2021 20:40
Mathematics, 15.02.2021 20:40
Computers and Technology, 15.02.2021 20:40
Computers and Technology, 15.02.2021 20:40
Social Studies, 15.02.2021 20:40
Mathematics, 15.02.2021 20:40
Arts, 15.02.2021 20:40
Mathematics, 15.02.2021 20:40