subject
Business, 06.10.2021 18:10 Delgadojacky0206

1) Nelson Company began operations on December 1, Year 1. The following transactions and adjustments were recorded in December and posted to the company’s ledger accounts: 5) Purchased $500 of supplies on account to be used in January

1.1) Acquired $3,800 cash from the issue of common stock to its stockholders
2.2) Provided services on account for $3,300
3.3) Paid $1,900 cash for land
4.4) Owed $1,400 of salaries expenses to employees for work done in December that will be paid during January
5.6) Collected $1,700 from customers

What is the total of the debit account balances that will be reported on the company's adjusted trial balance at December 31, Year 1?

A) $6,900
B) $9,000
C) $5,200
D) $3,500

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 04:00
Assume that the following conditions exist: a. all banks are fully loaned up- there are no excess reserves, and desired excess reserves are always zero. b. the money multiplier is 5 .     c. the planned investment schedule is such that at a 4 percent rate of interest, investment =$1450 billion. at 5 percent, investment is $1420 billion. d. the investment multiplier is 3 . e.. the initial equilibrium level of real gdp is $12 trillion. f. the equilibrium rate of interest is 4 percent now the fed engages in contractionary monetary policy. it sells $1 billion worth of bonds, which reduces the money supply, which in turn raises the market rate of interest by 1 percentage point. calculate the decrease in money supply after fed's sale of bonds: $nothing billion.
Answers: 2
question
Business, 22.06.2019 22:30
Upper a report about the decline of western investment in third world countries included this: "after years of daily flights comma several european airlines halted passenger service. foreign investment fell 400 percent during the 1990 s." what is wrong with this statement? choose the correct answer below. a. if foreign investment fell by 100 % comma it would be totally eliminated comma so it is not possible for it to fall by more than 100 %. b. the actual amount of the decrease in foreign investment is less than 100%. c. if foreign investment fell by 100%, it would be cut in half. thus, a decrease of 200% means that it would be totally eliminated, and a decrease of more than 200% is impossible. d. the statement does not mention the initial amount of foreign investment.
Answers: 3
question
Business, 23.06.2019 05:50
Ineed the answer today! explain how inflation can be built into the system
Answers: 1
question
Business, 23.06.2019 17:30
The amount that people are willing to pay for each additionally unit of a product or service is the
Answers: 1
You know the right answer?
1) Nelson Company began operations on December 1, Year 1. The following transactions and adjustments...
Questions
question
Mathematics, 14.04.2021 01:40
question
Mathematics, 14.04.2021 01:40
question
Mathematics, 14.04.2021 01:40
Questions on the website: 13722363