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siniylev [52]
3 years ago
9

The balance of the accumulated depreciation account on the adjusted trial balance of the end-of-period spreadsheet would be repo

rted on which of the following financial statements? a.the income statement b.the balance sheet c.the statement of owner's equity d.All of these financial statements are correct.
Business
1 answer:
Maslowich3 years ago
3 0

Explanation:

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PLEASE HELP Question 21(Multiple Choice Worth 5 points) (04.09 LC) A paid position with specific duties, tasks, and responsibili
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Job

Explanation:

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Difference between relevant information and additional information​
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3 years ago
Kingston anticipates total sales for June and July of $370,000 and $318,000, respectively. Cash sales are normally 60% of total
Alex17521 [72]

Answer:

$117,600

Explanation:

Given that the company  has Cash sales that are normally 60% of total sales and Of the credit sales, 25% are collected in the same month as the sale, 60% are collected during the first month after the sale, and the remaining 15% are collected in the second month after the sale

In June, total sales $370,000

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= 40% * 15% * $370,000

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= $95,400

Hence the amount of accounts receivable reported on the company’s budgeted balance sheet as of July 31

= $22,200 + $95,400

= $117,600

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