STEP: 2 of 2
Calculate and record the net income or net loss. Label the amount in the Account Title column. Total the Income Statement and Balance Sheet
columns.
Repair World
WORK SHEET
For Month Ended December 31, 20--
ACCOUNT TITLE
TRIAL BALANCE
DESIT CREDIT
13,600.00
ADJUSTMENTS
DEEIT CREDIT
INCOME STATEMENT
DEBIT
CREDIT
BALANCE SHEET
DEBIT
CREDIT
13,600.00
1
Cash
150.00
2
2,996.00
150.00
2.996.00
240.00
3
476.00
236.00
4
650.00
130.00
? Petty Cash
Accounts Receivable Stephen Coates
• Supplies
s Prepaid Insurance
Acrounts Payable-Jill Stratton
Isiah Caursen, Capital
Isiah Clausen, Drawing
come Summary
520.00
S
596.00
596.00
6
14,886,00
14,886,007
3.400.00
3.400.00
25
2290
HR
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Answers: 2
Business, 22.06.2019 00:30
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Business, 22.06.2019 14:30
You hear your supervisor tell another supervisor that a fire drill will take place later today when the fire alarm sounds that afternoon you should
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Business, 22.06.2019 17:30
Aproject currently generates sales of $14 million, variable costs equal 50% of sales, and fixed costs are $2.8 million. the firm’s tax rate is 40%. assume all sales and expenses are cash items. (a). what are the effects on cash flow, if sales increase from $14 million to $15.4 million? (input the amount as positive value. enter your answer in dollars not in (b) what are the effects on cash flow, if variable costs increase to 60% of sales? (input the amount as positive value. enter your answers in dollars not in millions). cash flow (increase or decrease) by $
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Business, 22.06.2019 20:20
Fractional reserve banking which of the following statements about fractional reserve banking are correct? check all that apply. fractional reserve banking allows banks to create money through the lending process. fractional reserve banking does not allow banks to hold excess reserves. fractional reserve banking allows banks to create additional wealth by lending some reserves. fractional reserve banking relies on everyone not withdrawing their money at the same time.
Answers: 2
STEP: 2 of 2
Calculate and record the net income or net loss. Label the amount in the Account Titl...
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