1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alex
1 year ago
12

(05.02 MC)

Business
1 answer:
Masteriza [31]1 year ago
6 0

The correct option is A. Revenue accounts include the sales accounts after deducting all the expenses from sales accounts a credit balance of $1,415.00 is shown in the revenue and expense account.

What is Revenue Expenditure?

Revenue Expenditure is such expenditure that is incurred during the normal course of business by the company that generally benefits from that expenditure of a year or less than a year.

Given, Sale =$3230

           Advertising Expense = $765

            Communication Expenses = $150

           Rent = $900

Caculation of Income      

Income = Sale -  Expenses

             = $3.230-$765-$150-$900

             =$1415.00

Thus, after calculating the Income summary is shown a credit balance of $1415.00

Learn more about Revenue Expenditure here:

brainly.com/question/17769683

#SPJ1

You might be interested in
Suppose that all social programs simultaneously become more generous. In particular suppose that there is an increase in UI bene
Tatiana [17]
  • Increase in unemployment
  • Increase in vacancy rate
  • Decrease in labor force
  • Decrease in # of labor firms
  • Tightening of the labor forces

3 0
2 years ago
Buffalo Corporation is authorized to issue 45,000 shares of $5 par value common stock. During 2020, Buffalo took part in the fol
Nookie1986 [14]

Answer:

A

Dr Cash $209,700

Cr Paid-In-Capital in excess of par-common stock $187,200

Cr Common Stock $22,500

B. Dr Land $53,900

Cr Common Stock $5,500

Cr Paid-In-Capital in excess of par-common stock $48,400

C. Dr Treasury Stock $24,380

Cr Cash $24,380

Explanation:

A. Preparation of the journal entry to record item1

Dr Cash (4,500*$48-6,300) $209,700

Cr Paid-In-Capital in excess of par-common stock $187,200

($209,700-$22,500)

Cr Common Stock $22,500

(4,500*$5)

(Being to record common stock issued)

B. Preparation of the journal entry to record item 2

Dr Land (1,100*$49) $53,900

Cr Common Stock $5,500

(1,100*$5)

Cr Paid-In-Capital in excess of par-common stock $48,400

($53,900-$5,500)

(Being to record land puchased in exchange for common stock)

C. Preparation of the journal entry to record item 3 using the cost method

Dr Treasury Stock $24,380

(530*$46)

Cr Cash $24,380

(Being to record purchase of treasury stock)

5 0
2 years ago
During the gap analysis, the entrepreneur should be concerned with the hours of operation, the time you can dedicate to this new
Akimi4 [234]

The statement above about gap analysis is: True.

<h3>What is Gap Analysis?</h3>

Gap Analysis is a measurement that an entrepreneur makes when he compares his present performance with that which he desires to achieve.

He evaluates the time money and resources spent on projects to know if they are fully optimized.

So, the statement above is right.

Learn more about gap analysis here:

brainly.com/question/10549036

8 0
2 years ago
The following data is available for Bonita Corporation at December 31, 2018: Common stock, par $10 (authorized 31200 shares) $24
aev [14]

Answer:

24,500 shares

Explanation:

Common stock par $10 (authorized 31200 shares) = $245,000

Treasury stock (at cost is $15 per share)                 =$750

Common stock issued = Common stock value / Stock value

Common stock issued = $245,000 / $10

Common stock issued =24,500 shares

6 0
3 years ago
You think about it for a long time when someone hurts your feelings.
netineya [11]

Yeah hurts but you’ll be okay soon enough :) lol

4 0
3 years ago
Other questions:
  • Rather than determining whether a culture has good or bad ethics, it is best to look for practical solutions to the cultural cha
    14·1 answer
  • In most organizations, who is primarily responsible for appraising an employee's performance
    8·1 answer
  • The 2016 annual report for Mega Mills disclosed that 1 billion shares of common stock have been authorized. At the end of 2015,
    8·1 answer
  • How do the media affect which issues the public thinks are important?
    9·1 answer
  • Easton Co. deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of busines
    10·1 answer
  • Which of the following does not represent an asset of a company?
    13·1 answer
  • During its first month of business, Kochanski Company reported net cash flows from operating activities of $5,000, net cash flow
    5·1 answer
  • It was 8:00 a.m. on Saturday morning. Liz just learned that her well-meaning cousins were headed over to help her unpack her hou
    6·1 answer
  • Which of the following requires the most education?
    9·2 answers
  • On January 1 of this year, Clearwater Corporation sold bonds with a face value of $ 750,000 and a coupon rate of 8 percent. The
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!