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Marina86 [1]
1 year ago
5

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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The entry to record acquisition and retirement is:

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Common stock                                           $1  

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   <em> Paid-in capital—share repurchase                        $5</em>

    Cash                                                                  $30

<em>Conclusion: </em>Additional paid-in capital is decreased.  

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3 years ago
You estimate you'll need $200,000 per year for 25 years starting on your 65th birthday to live on during your retirement. Today
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Suppose you invest in 100 shares of Harley-Davidson at $60 per share and 300 shares of Yahoo at $25 per share. Over the next yea
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Answer:

(a) $0 (b) 0% (c) 50% (d) -40% (e) 0.444 and 0.556 (f) -0.05

Explanation:

(a) Profit (in $) = (increase in price per share of Harley-Davidson * number of Harley-Davidson shares held) - (decrease in price per share of Yahoo * number of Yahoo shares held)

= $90 - $60 = $30 increase in Harley Davidson and $25 - $15 =$10 decrease in Yahoo

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(d) return on investment in Yahoo = return/capital invested in Yahoo * 100 = -$10*300/$25*300 = -$3000/$7500 = - 40% (negative rate of return)

(e) Weighting at the beginning of year (in decimals)

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(f) realized returns (as a decimal) of the portfolio = 0.444*50% + 0.556*-40%

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