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2 years ago

Please write the answer in the same blank format I provided

Business

1 answer:

stepladder [879]2 years 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

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3 years ago

Chhom corporation makes a product whose direct labor standards are 0.8 hours per unit and $34 per hour. In November the company

Irina-Kira [14]

Answer:

$17,000 Favorable

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Provided information, we have

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3 years ago

Douglas can afford 240$ a month for five years for a car loan. If the APR is 8.5%, how much can he afford to borrow to purchase

SVETLANKA909090 [29]

Answer:

Douglas can afford 21697.88 to borrow to purchase a car.

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As the formula for calculating present value is given as:

PV = PMT * ( (1-(1+r)^-n) / r )

As Douglas can afford 240$ a month for five years for a car loan so

it means that payment = 240 $

As the APR is 8.5% which means after dividing by 12 the rate per month = 8.5%/12

Total number of Months = 5*12

Total number of Months = 60

Putting these values into the above formula, we get

PV = PMT * ( (1-(1+r)^-n) / r )

PV = 240 * ( (1-(1+8.5%/12)^-60) / (8.5%/12) )

PV = 11697.88

As the down payment = 10,000 so the total value of car

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Douglas can afford 21697.88 to borrow to purchase a car.

8 0

3 years ago