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
laiz [17]
1 year ago
13

2.3 The Ledger and Posting

Business
1 answer:
blsea [12.9K]1 year 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
The following account appears in the ledger prior to recognizing the jobs completed in January:
Pie

Answer:

A. Dr Finished Goods $560,240.00

Cr Work In Process $560,240.00

B. $76,760.00

Explanation:

A. Preparation of the journal entry to record the jobs complete

First step is to Calculate the amount of total jobs completed

Job 210 182,500.00

Job 224 232,190.00

Job 216 78,300.00

Job 230 67,250.00

Cost of completed jobs 560,240.00

(182,500.00+232,190.00+78,300.00+67,250.00)

Now let prepare the Journal Entry

Dr Finished Goods $560,240.00

Cr Work In Process $560,240.00

B. Calculation to Determine the cost of the unfinished jobs at January 31.

First step is to calculate the work in process Amount

Balance at January 1 85,800.00

Add Direct Materials 115,000.00

Add Direct Labor 140,000.00

Add Factory Overhead 296,200.00

Balance in work in process 637,000.00

Now let determine the cost of the unfinished jobs at January 31

Balance in work in process 637,000.00

Less: Cost of completed jobs 560,240.00

Cost of unfinished jobs on January 31 76,760.00

Therefore the cost of the unfinished jobs at January 31 will be $76,760.00

3 0
3 years ago
An industrial oven and fryer is an example of which factor of production?
Ad libitum [116K]

Answer:

I believe this is C. capital

7 0
3 years ago
Read 2 more answers
Exact Photo Service purchased a new color printer at the beginning of 2018 for $42,700. The printer is expected to have a four-y
MAVERICK [17]

Answer:

Depreciation for 2018 is = $15,120.60

Depreciation for 2019 is  = $13,133.84

Depreciation for 2020 is = $10,401.04

Depreciation for 2021 is = $10,660.65

Explanation:

solution

we know here

Depreciation under Units of production method is    

Depreciation is = (Cost - Salvage value) × (No of units produced ÷ Expected units of production)

put here value for each year

Depreciation for 2018 is = (42700-1708) × (553300 ÷ 1500000)

Depreciation for 2018 is = $ 15,120.60

 

Depreciation for 2019 is = (42700-1708) ×  (480600 ÷ 1500000)

Depreciation for 2019 is  = $ 13,133.84  

 

Depreciation for 2020 is = (42700-1708)×  (380600 ÷ 1500000)

Depreciation for 2020 is = $ 10,401.04

 

Depreciation for 2021 is = (42700-1708)×  (390100 ÷ 1500000)

Depreciation for 2021 is = $ 10,660.65

5 0
3 years ago
What type of bank account is best for everyday transactions?
Ilia_Sergeevich [38]

Answer:

money market account?

Explanation:

I'm not positive but you could try if nobody else has an answer haha

6 0
3 years ago
Read 2 more answers
Gina made a down payment on a motorcycle. What incentive did she have for making a down payment?
8_murik_8 [283]

Answer:

A reduced time in debt

Explanation:

Gina intends to purchase that motorbike on credit. By making a down-payment, Gina is reducing the amount she needs to borrow to buy the bike.

A reduced loan amount means that Gina will require less to repay. It also implies that the interest to be paid will reduce. Making the down-payment helps Gina stay in debt for a short period.

7 0
3 years ago
Other questions:
  • _________ consists of non-checkable savings deposits + money market deposits + small time deposits (less than $100,000) + money
    9·1 answer
  • Hunter, Inc.'s accounts receivable increased during the year by $407,000. Its bad debt expense was $235,000, and its allowance f
    13·1 answer
  • I need help making a resume badly I'm 15,I'm trying to get a job,I know I need a rresume​
    6·1 answer
  • Savannah Factory applies manufacturing overhead based on direct labor cost. Information concerning manufacturing overhead and la
    7·1 answer
  • On a bank's T-account:________.
    7·1 answer
  • Waterway Company manufactures bowling balls through two processes: Molding and Packaging. In the Molding Department, the urethan
    12·1 answer
  • A subsidiary sells inventory to its parent at a markup of 30% on cost. in 2019, the parent paid $650,000 for merchandise receive
    15·1 answer
  • As Timothy examines markets that might match his company’s investment requirements, he is particularly interested in the fact th
    6·1 answer
  • From your personal experience, what makes you decide whether or not to follow a specific influencer? If you don't use social med
    6·1 answer
  • Find the tax percentages for each type of tax on your pay stub and insert them here. Then, press the calculate button when you’r
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!