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1 year ago

Please write the answer in the same blank format I provided

Business

1 answer:

stepladder [879]1 year ago

8 0

The preparation of the Trial Balance of Ceco Co. from the ledger accounts as of June 20, 2020, is as follows:

Ceco Co.

<h3>Trial Balance</h3>

As of June 30, 2020

Accounts Debit Credit

Cash $5,000.00

A/R - R. Tamo 3,500.00

A/R - G. Slaught 1,124.00

A/R - P. Onno 850.00

Supplies 1,585.00

Automobile 22,800.00

Equipment 25,350.00

A/P - Batt Inc. $785.00

A/P - Parker Products 1,000.00

A/P - Nishi Co. 1,200.00

Bank Loan 25,000.00

C. Hernandez, Capital 32,224.00

Totals $60,209.00 $60,209.00

<h3>What is a trial balance?</h3>

A trial balance is a list of the ledger accounts balances at a particular date of the financial period.

The trial balance helps to show if accounts have been correctly recorded according to the double-entry system.

Thus, the above trial balance shows the ledger accounts balances of Ceco Co as of June 30, 2020.

Learn more about preparing the trial balance at brainly.com/question/13669511

#SPJ1

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When preparing for an emergency bioterrorism drill, the nurse instructs the drill volunteers that each biological agent requires

Oksanka [162]

Answer: Smallpox spreads rapidly and requires immediate isolation.

Explanation:

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6 0

3 years ago

Suppose you are buying your first condo for $145,000, and you will make a $15,000 down payment. You have arranged to finance the

Crazy boy [7]

Answer:

The monthly payment amount would be $821.69

Explanation:

Hi, since you have already paid $15,000 (down payment), the amount of money to be financed is $130,000 ($145,000 - $15,000). Knowing that, we need to solve the following equation for "A".

$PresentValue=\frac{A((1+r)^{n}-1) }{r(1+r)^{n} }$

Where:

Present Value = money borrowed (in our case, $130,000)

r = effective interest rate (in our case, 6.5%/12= 0.5417% or 0.005417)

n = number of periodic payments (in our case, 30*12=360 monthly payments)

Everything should look like this.

$130,000=\frac{A((1+0.005417)^{360}-1) }{0.005417(1+0.005417)^{360} }$

$130,000=A(158.2108195)$

Therefore:

$A=821.69$

So, the monthly payments would be equal to $821.69.

Best of luck.

6 0

3 years ago

Why does the growth of international trade lead to a rising global standard of

alina1380 [7]

Answer:

B. International trade enables specialization, which brings increased efficiency and greater competition.

Explanation:

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3 years ago

The cash conversion cycle is computed as:

Anna [14]

Answer:

The correct option here is A) Days sales outstanding + Days inventory outstanding - Days payable outstanding.

Explanation:

Cash conversion cycle which is also termed as Net operating cycle or Cash cycle, this cycle tells us about how much time it is going to take for an organization to converts the amount of investment it has made in the inventory and various other resources to cash , which will be generated by sales.

Formula used for calculation =

AMOUNT OF SALES OUTSTANDING IN DAYS

AMOUNT OF INVENTORY OUTSTANDING IN DAYS

AMOUNT OF PAYABLE OUTSTANDING IN DAYS

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3 years ago

The consumer price index is used to a. monitor changes in the stock market. b. monitor changes in the level of real GDP over tim

soldi70 [24.7K]

Answer:

c. monitor changes in the level of wholesale prices in the economy.

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The consumer price index is a measure of the variation in the price of products and services offered to consumers in the US market. This is an index that serves to measure inflation or deflation. Through the price index, the Federal Reserve monetary authorities make decisions to warm or slow economic activity.

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3 years ago