Answer:
$205,150 is the total of the both sides of the adjusted trial balance.
Worksheet with proper working has been attached.
Explanation:
<u>Transaction a:
</u>
Debit: Supplies expense $4,850
Credit: Supplies $4,850
<u>Transaction b:
</u>
Debit: Insurance expense $1,625
Credit: Prepaid insurance $1,625
Tip: Insurance that is expired is removed from prepaid insurance and debited to the insurance expense.
<u>Transaction c</u>
Debit: depreciation expense $1,400
Credit: accumulated depreciation $1,400
Answer:
champion
Explanation:
They take the charge and act as champions on a development team to ensure tasks are completed without little to no obstacles.
Answer:
The variance is: $ 0.50 per direct labor hour.
Explanation:
Actual payroll = $117,000/6000h = $19.50 per hour
So, if we compare this value with the standard rate of pay ($20 per direct labor hour) The variance is: $20.00 - $ 19.50 = $0.50 per hour
Answer:
$557,000
Explanation:
Operating activities: It includes those transactions which affect the working capital. It means that the increase in current assets and a decrease in current liabilities would be deducted and a Decrease in current assets and an increase in current liabilities would be added.
The computation is shown below:
= Income reported on the income statement + decrease in account receivable
= $539,000 + $18,000
= $557,000
The decrease in account receivable
= $142,000 in beginning of the year - $124,000 in end of the year
= $18,000