Business, 27.03.2020 01:47 sharonbullock9558
Prepare closing entries from the following end-of-period spreadsheet. Austin Enterprises End-of-Period Spreadsheet For the Year Ended December 31 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Account Title Dr. Cr. Dr. Cr. Dr. Cr. Cash 26,500 26,500 Accounts Receivable 5,000 2,000 7,000 Supplies 8,000 7,000 1,000 Equipment 18,500 18,500 Accumulated Depreciation 1,500 3,500 5,000 Accounts Payable 11,000 11,000 Wages Payable 1,000 1,000 Don Austin, Capital 8,000 8,000 Don Austin, Drawing 2,000 2,000 Fees Earned 57,500 2,000 59,500 Wages Expense 18,000 1,000 19,000 Supplies Expense 7,000 7,000 Depreciation Expense 3,500 3,500 78,000 78,000 13,500 13,500 84,500 84,500 If an amount box does not require an entry, leave it blank. Dec. 31 Fees Earned Wages Expense Supplies Expense Depreciation Expense Dec. 31
Answers: 3
Business, 22.06.2019 13:10
Lin corporation has a single product whose selling price is $136 per unit and whose variable expense is $68 per unit. the companyโs monthly fixed expense is $32,400. required: 1. calculate the unit sales needed to attain a target profit of $5,000. (do not round intermediate calculations.) 2. calculate the dollar sales needed to attain a target profit of $8,400.
Answers: 3
Business, 22.06.2019 13:30
After successfully completing your corporate finance class, you feel the next challenge ahead is to serve on the board of directors of schenkel enterprises. unfortunately, you will be the only person voting for you. the company has 375,000 shares outstanding, and the stock currently sells for $40, if there are four seats in the current election, how much will it cost you to buy a seat?
Answers: 2
Business, 22.06.2019 13:50
The retained earnings account has a credit balance of $24,650 before closing entries are made. if total revenues for the period are $77,700, total expenses are $56,900, and dividends are $13,050, what is the ending balance in the retained earnings account after all closing entries are made?
Answers: 2
Business, 22.06.2019 17:00
Which represents a surplus in the market? a market price equals equilibrium price. b quantity supplied is greater than quantity demanded. c market price is less than equilibrium price. d quantity supplied equals quantity demanded.
Answers: 2
Prepare closing entries from the following end-of-period spreadsheet. Austin Enterprises End-of-Peri...
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