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laiz [17]
2 years ago
13

2.3 The Ledger and Posting

Business
1 answer:
blsea [12.9K]2 years ago
8 0

The net change in the Cash account balance from these three transactions is $30,000

What is the company's net change in cash account balance?

The net change in company's cash balance is the excess of its cash inflows from sources minus its cash outflows from all sources, in other words, the net change in cash balance from the three transactions is the funds raised long-term debt issuance and the amounts paid for equipment and raw materials

net change in cash balance=$200,000-$150,000-$20,000

net change in cash balance=$30,000

Find out more cash flow statement on:brainly.com/question/14942025

#SPJ1

You might be interested in
Most codes of ethics created by professional organizations have two main parts:________
Sveta_85 [38]

The correct answer is true.

It is completely true that most codes of ethics created by professional organizations have two main parts. One part outlines what the professional organization aspires to become, and the other part lists rules and principles by which members of the organization are expected to abide.

The code of ethics is an obligated set of ethic statements that serves one purpose in the Organization: that every member of the company follows the code directions and applies moral values in every decision-making process to have an honest company that maintains its reputation in the business and that public opinion can never question its procedures and decisions.

4 0
3 years ago
Sanborn Industries has the following overhead costs and cost drivers. Direct labor hours are estimated at 100,000 for the year.
Nana76 [90]

Answer:

d) 34.17

Explanation:

we must first calculate the total overhead expenses = $120,000 (ordering and receiving) + $297,000 (machine setup) + $1,500,000 (machining) + $1,200,000 (assembly parts) + $300,000 (inspection) = $3,417,000

since overhead is applied based on direct labor hours, then the predetermined overhead rate = total overhead expenses / total direct labor hours = $3,417,000 / 100,000 labor hours = $34.17 per labor hour

8 0
3 years ago
What cortex is the decision-making and planning center of consciousness
adelina 88 [10]

Prefrontal cortex is the decision-making and planning center of consciousness.

<h3>What is prefrontal cortex?</h3>

The prefrontal cortex is said to be the seat of planning.

The cortex is a part of the brain which is the control of all mind activity. The prefrontal is located at the front of the brain and it helps planning of activities.

Therefore, prefrontal cortex is the decision-making and planning center of consciousness.

Learn more on planning below,

brainly.com/question/25453419

#SPJ12

3 0
2 years ago
Boilermaker House Painting Company
Oksi-84 [34.3K]

Answer:

Explanation:

The journal entries are shown below:

1. Account receivable A/c Dr $20,000

          To Deferred revenue A/c $20,000

(Being the paint house on account is recorded)      

2. Equipment A/c Dr $21,000

         To Cash A/c $21,000

(Being the equipment is purchased for cash)

3. Supplies A/c Dr $3,500

            To Accounts Payable A/c $3,500

(Being the office supplies are purchased on credit basis)

4. Salaries expense A/c Dr $4,200

        To Cash A/c $4,200

(Being the employees salaries are paid for cash)

5. Advertising expense A/c Dr $1,000

        To Cash A/c $1,000

(Being the advertising are purchase for cash)

6.  Rent expense A/c $5,400

                To Cash A/c $5,400

(Being the rent is paid for cash)

7. Cash A/c Dr $15,000

      To Account receivable A/c $15,000

(Being the cash is received)

8. Cash A/c Dr $6,0000

      To Deferred revenue $6,000

(Being the cash is received)

8 0
3 years ago
How do we prepare for unexpected expenses that might disrupt the implementation of a budget, and allow us to avoid long term hig
ikadub [295]
Out of the money you make set some aside for unexpected expenses
8 0
3 years ago
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