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Vsevolod [243]
3 years ago
7

The first step of the accounting cycle is to

Business
1 answer:
elixir [45]3 years ago
3 0
A. Record journal entries
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The Baldwin Company currently has the following balances on their balance sheet: Total Assets $256,555 Total Liabilities $149,32
algol [13]

Answer: $80,242

Explanation:

Common stock = Assets - Liabilities - Retained earnings

Assets next year = 256,555 + 55,000

= $311,555

Liabilities remain unchanged.

Retained earnings

= Opening retained earnings + Net income - dividends

= 49,793 + 44,200 - 12,000

= $‭81,993‬

Common stock next year;

= 311,555 - 149,320 - 81,993

= $80,242

8 0
3 years ago
Please subscribe to my youtu.be MrJacobGuy i wanna get subscribers
Stella [2.4K]

Answer:

ok will do

Explanation:

6 0
3 years ago
Read 2 more answers
93) Jack Corporation purchased a 20% interest in Jill Corporation for $1,500,000 on January 1, 2021. Jack can significantly infl
Yanka [14]

Answer:

$1,200,000

Explanation:

Jack Corporation

Carrying value before net loss:

($1,500,000 - (20% x $1,000,000))

=$1,500,000-$200,000

= $1,300,000

Jack's share of net loss recognized in full:

20% x $6,000,000

= $1,200,000

Therefore the amount of loss should Jack report in its income statement for 2021 relative to its investment in Jill will be $1,200,000

8 0
3 years ago
gHenderson Ski Co. prepared a master budget that included $21,360 for direct materials, $33,600 for direct labor, $18,000 for va
Oksana_A [137]

Answer:

Total cost= $170,472

Explanation:

Giving the following information:

Direct material= $21,360

Direct labor= $33,600

Variable overhead= $18,000

FIxed overhead= $46,440

Henderson planned to sell 2,000 units during the period, but sold 3,400 units.

First, we need to calculate the unitary variable cost:

Unitary variable cost= total variable cost/number of units

Unitary variable cost= (72,960/2,000)= $36.48

Now, we can calculate the total cost for 3,400 units

Total cost= total fixed cost  + total variable cost

Total cost= 46,440 + (36.48*3,400)= $170,472

8 0
3 years ago
What’s the answer ?intro to business
kiruha [24]

Answer:

Here Hope has missed clicking the Header Row Options.

Explanation:

Here Hope has missed clicking the Header Row Options, that's why the row of Gas an Percentage has gone to the third number. He has chosen the Ascending Order Button, that's why all the data has been arranged in the alphabetically ascending order, which consequently has dislocate the Main heading of Gas and Percentage from the top.

It should be like as shown below (After clicking Header Row Option):

Gas                        Percentage

Argon                          0.93

Carbon Dioxide          0.04

Nitrogen                      78.00

Oxygen                       21.00

Other Gases               0.03

5 0
3 years ago
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