subject
Business, 01.09.2021 21:40 alexisozl9253

Cash flows during the first year of operations for the Harman-Kardon Consulting Company were as follows: Cash collected from customers, $330,000; Cash paid for rent, $38,000; Cash paid to employees for services rendered during the year, $118,000; Cash paid for utilities, $48,000. In addition, you determine that customers owed the company $58,000 at the end of the year and no bad debts were anticipated. Also, the company owed the gas and electric company $1,800 at year-end, and the rent payment was for a two-year period. Calculate accrual net income for the year.

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 18:00
Employers hiring for entry-level positions in hospitality and tourism expect workers to
Answers: 3
question
Business, 21.06.2019 21:00
Colah company purchased $1.8 million of jackson, inc. 8% bonds at par on july 1, 2018, with interest paid semi-annually. when the bonds were acquired colah decided to elect the fair value option for accounting for its investment. at december 31, 2018, the jackson bonds had a fair value of $2.08 million. colah sold the jackson bonds on july 1, 2019 for $1,620,000. the purchase of the jackson bonds on july 1. interest revenue for the last half of 2018. any year-end 2018 adjusting entries. interest revenue for the first half of 2019. any entry or entries necessary upon sale of the jackson bonds on july 1, 2019. required: 1. prepare colah's journal entries for above transaction.
Answers: 1
question
Business, 21.06.2019 22:00
Email viruses are typically launched by people who modify header information to hide their identity. brightmail's enrique salem says that in the future, your email reader will authenticate the sender before putting hte message in your inbox. that way, you will know the source of all the emails you read. alan nugent of novell says, "i'm kind of a fan of eliminating anonymity if that is the price for security." will eliminating anonymity make computers more secure?
Answers: 3
question
Business, 22.06.2019 19:00
Describe how to write a main idea expressed as a bottom-line statement
Answers: 3
You know the right answer?
Cash flows during the first year of operations for the Harman-Kardon Consulting Company were as foll...
Questions
question
Mathematics, 21.01.2020 17:31
question
Mathematics, 21.01.2020 17:31
Questions on the website: 13722367