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
Marina86 [1]
2 years ago
5

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

#SPJ1

You might be interested in
Assume Karen is 12 years old and her only income is $2,500 of interest income from a bank account with money her parents have gi
coldgirl [10]

Answer:

Since Karen is a minor, she can receive up to $950 in unearned income per year without paying taxes or having to file a tax return.

Since she receives a larger amount $2,500 - $950 = $1,550, she must pay taxes for the extra amount depending on which type of account her parents opened for her.

  1. Karen's parents probably opened a 529 Education Savings Plan, and if that is the case, she doesn't need to pay any federal taxes.
  2. If Karen's parents opened her a custodial account, then she will have to pay taxes for the $1,550 above the $950 threshold. Minors are responsible for filing their own taxes or their parents can file taxes for them. If either Karen or her parents pay taxes, they should pay = $1,550 x 10% = $155

7 0
4 years ago
If housing prices fall by 4% how much will the value of a $200,000 home decline in price
Flura [38]

Answer:

8000

Explanation:

200000 divided 100 multiply by 4% equal 8000

8 0
2 years ago
Read 2 more answers
Suppose that Italy and Sweden both produce jeans and stained glass. Italy's opportunity cost of producing a pane of stained glas
vichka [17]

Answer:

Based on the answer to the question, the only one of the given terms of trade (that is, price of stained glass in terms of jeans) that would allow both Sweden and Italy to gain from trade is 8 pairs of jeans per pane of stained glass because 8 pairs is more than 4 pairs, which will be attractive to ITALY and is less than 10 pairs which is a cheaper cost for SWEDEN.

Explanation:

1. Italy's opportunity cost of producing a pane of stained glass is 4 pairs of jeans while Sweden's opportunity cost of producing a pane of stained glass is 10 pairs of jeans

2. By comparing the opportunity cost of producing stained glass in the two countries, you can tell that SWEDEN has a comparative advantage in the production of stained glass and ITALY has a comparative advantage in the production of jeans.

3. Suppose that Italy and Sweden consider trading stained glass and jeans with each other. Italy can gain from specialization and trade as long as it receives more than <u>4 Pairs </u>of jeans for each pane of stained glass it exports to Sweden. Similarly, Sweden can gain from trade as long as it receives more than 0.1 pair of stained glass for each pair of jeans it exports to Italy.

4.Based on the answer to the last question, the only one of the given terms of trade (that is, price of stained glass in terms of jeans) that would allow both Sweden and Italy to gain from trade is 8 pairs of jeans per pane of stained glass because 8 pairs is more than 4 pairs, which will be attractive to ITALY and is less than 10 pairs which is a cheaper cost for SWEDEN.

4 0
3 years ago
_______________ involves you imagining yourself achieving your final goal.
otez555 [7]
I’d say Outcome visualization since it involves seeing yourself achieving your goal.
3 0
3 years ago
Read 2 more answers
Allen has just begun his first professional job. allen will most likely display an increase in which trait?
Andrews [41]
The answer would be conscientiousness. This is the identity characteristic of being cautious, or watchful. This infers a longing to complete an assignment well, and to consider commitments to others important. This sort of individuals have a tendency to be effective and composed rather than accommodating and tumultuous.
3 0
3 years ago
Other questions:
  • True Fit Shoe Company makes loafers. During the most recent year. True Fit incurred total manufacturing costs of $24.500.000. Of
    10·1 answer
  • Suppose the current equilibrium of pizza is $5. If the government decides the price of pizza cannot rise above $4, there would b
    10·1 answer
  • Mary Willis is the advertising manager for Sheffield Shoe Store. She is currently working on a major promotional campaign. Her i
    7·1 answer
  • Suppose that, a country with a closed economy opens itself to international trade and becomes a net exporter. In that case, the
    8·2 answers
  • An auditor wants to verify that for a given inventory acquisition, (1) the merchandise was ordered by the company, (2) the merch
    13·1 answer
  • Suppose Rosa is a sports fan and buys only baseball caps. Rosa deposits $3,000 in a bank account that pays an annual nominal int
    9·1 answer
  • Both Bond Sam and Bond Dave have 9 percent coupons, make semiannual payments, and are priced at par value. Bond Sam has five yea
    12·1 answer
  • The projections for a new one-year project show sales of 8,500 units, ± 5 percent; variable costs per unit of $28.62, ± 3 percen
    15·1 answer
  • You expect the price of a commodity to behave as follows over the next 12 months:
    10·1 answer
  • Where do the prime minster lives
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!