Answer:
$8.25
Explanation:
The computation of basic earnings per common share is shown below:-
Dividend to be accrued on Preference shares = 11,000 × 100 × 5%
= $55,000
Earnings available to common share holders = $550,000 - $55,000
= $495,000
Basic Earnings per share = Earnings available to common share holders ÷ Shares of common stock
= $495,000 ÷ $60,000
= $8.25
Answer:
Explanation:
The adjusting entry is shown below:
Supplies expense A/c Dr $6,100
To supplies A/c $6,100
(Being supplies account is adjusted)
The supplies expense is computed by
= Supplies beginning balance + purchase of supplies - supplies on hand
= $3,500 + $4,800 - $2,200
= $6,100
To find out the adjusting balance we added the purchase of supplies and deducted the supplies on hand from the beginning balance of supplies account
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Hope this helps! :)
You'll earn $761.90 in the acct of the $4,000
And you'll earn $333.33 on the acct of the2,000
So, yes the first one is the answer
