Answer:
Figure is given below.
Explanation:
The graph of United states and china is as follows :
Answer:
Sooner Company
Trial Balance
For the month ended April 30, 202x
Debit Credit
Cash $2,600
Accounts Receivable $4,800
Prepaid Rent $6,100
Land $47,000
Accounts Payable $3,000
Deferred Revenue $1,650
Common Stock $27,000
Retained Earnings $19,750
Service Revenue $24,100
Salaries Expense $6,900
Supplies Expense $8,100
Totals $75,500 $75,000
When you are preparing a trial balance, you must report the accounts with their normal balances, e.g. assets have a normal debit balance while equity has a normal credit balance.
Answer:
commingling
Explanation:
Commingling is defined as the mixing of the money of broker money with the money of the clients of the broker.
Here in the question it is stated that the money received (i.e the money of the client ) is deposited by the real estate broker in his account.
Now by depositing the money in his bank account he actually mixes the money of the client with his money which is already present in his bank account
Answer:
The answer is B.
Explanation:
The simple circular flow model is also known as two-sector circular flow of income model and the the two sectors are firms and households. There is no government sector or foreign sector.
It assumes that households spend all their income on goods and services produced by firms while the firms spend their income on factors of production (labor, land etc.) which are owned by households.
Therefore, total income received by households will be equal to the dollar value of all goods and services produced.
Answer:
The dollar amount that should be credited to Allowance for Uncollectible Accounts at year end is $ 12,100
Explanation:
Providing allowance for doubtful debts
A provision is made for the debts which are likely to be uncollectable by a company.This amount is used to adjast the Trade Receivable balances to show a faithful representation of assets a beusiness has at end of year.
Calculations
<em>December 31, 2018 Arundel Company`s Allowance for Doubtful debts is calculated as follows</em>
Credit Sales × % of allowed provision
$805,000 × 2.0%
$16,100
<em>Adjastment to be done in Allowance for Doubtful Debts Account:</em>
<em>Hint : Open Allowance for Doubtful Debts T Account:</em>
<u>Credits :</u>
Opening Balances 4,000
Balancing Figure (Profit and Loss) 12,100
Totals 16,100
<u>Debit:</u>
Closing Balance 16,100
Totals 16,100
