Business, 11.02.2021 02:10 BlueLemonWater

Using the data below, compute NET INCOME. Wages Expense 200

Cash 220

Income Tax Expense 240

Prepaid Insurance Expense 120

Interest Expense 300

Interest Revenue 500

Unearned Rent Revenue 150

Accounts Payable 600

Inventory 800

Cost of Goods Sold 1,600

Sales Revenue 3,000

$2,790
$1,310
$2,760
$1,160
$1,040
$1,190
Bookmark question for later
The trial balance below is for Company L.

Debit Credit

Cash 5,600

Inventory 14,000

Unearned Revenue 2,400

Paid-in Capital 4,000

Retained Earnings (beginning) 6,000

Sales 50,000

Cost of Goods Sold 36,000

Rent Expense 6,800

Total 62,400 62,400

Compute TOTAL ASSETS.

$29,600
$42,800
$62,400
$19,600
$23,600

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 07:40

(a) what was the opportunity cost of non-gm food for many buyers before 2008? (b) why did they prefer the alternative? (c) what was the opportunity cost in 2008? (d) why did it change?

Answers: 3

Answer

Business, 22.06.2019 19:10

Below are the steps in the measurement process of external transactions. arrange them from first (1) to last (6). event step post transactions to the general ledger. assess whether the transaction results in a debit or credit to account balances. use source documents to identify accounts affected by an external transaction. analyze the impact of the transaction on the accounting equation. prepare a trial balance. record the transaction in a journal using debits and credits.

Answers: 3

Answer

Business, 22.06.2019 20:00

A$100 million interest rate swap has a remaining life of 10 months. under the terms of the swap, the six-month libor is exchanged semi-annually for 12% per annum. the six-month libor rate in swaps of all maturities is currently 10% per annum with continuous compounding. the six-month libor rate was 9.6% per annum two months ago. what is the current value of the swap to the party paying floating? what is its value to the party paying fixed?

Answers: 2

Answer

Business, 22.06.2019 22:30

Using the smith's bbq report, the cost of wine for next week will increase by 2% from the current week. if all other cost of sales stays constant, what will be the approximate total cost of sales for next week?

Answers: 2

Answer

You know the right answer?

Using the data below, compute NET INCOME. Wages Expense 200

Cash 220

Income...

Questions