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Alenkasestr [34]
3 years ago
9

Receive cash from customers, $16,400. Pay cash for employee salaries, $10,400. Pay cash for rent, $4,400. Receive cash from sale

of equipment, $9,400. Pay cash for utilities, $2,400. Receive cash from a bank loan, $5,400. Pay cash for advertising, $8,400. Purchase supplies on account, $4,400. Required: Post transactions to the Cash T-account and calculate the ending balance.
Business
1 answer:
inn [45]3 years ago
3 0

Answer:

calculate the ending balance.$1200

Explanation:

                                                       Cash account  

                                                         <u> Deb Cre </u>

Receive cash from customers       16400  

Pay cash for employee salaries                 10400

Pay cash for rent                                          4400

Receive cash from sale of equipment 9400  

Pay cash for utilities                                  2400

Receive cash from a bank loan         5400  

Pay cash for advertising                          8400

Purchase supplies on account  4400

   

                                                       31200 30000

ending balance                                  1200  

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Required information The following information applies to the questions displayed below.)
Gre4nikov [31]

Answer:

Green Wave Company

T-Ledger Accounts:

1.                                   Common Stock Account

                                                 Jan. 1      Cash Account $35,000

                                     Cash Account

1.  Jan. 1 Common Stock     $35,000  3. Jan. 9 Equipment $8,300

5. Jan 18 Rental Fees          $12,300   7. Jan. 31 Salaries    $6,900

                                            <u>               </u>       Jan. 31 Balance  <u>$32,100</u>

                                           <u> $47,300 </u>                                 <u> $47,300</u>

Feb. 1 Balance                     $32,100

2.                                   Land Account

   Jan. 5 Note Payable      $20,500

2.                                   Note Payable Account

                                                 Jan. 5      Land                  $20,500

3.                                   Equipment Account

   Jan. 9 Cash                     $8,300

5.                                   Rental Fees Revenue

                                                Jan. 18    Cash                   $12,300

6.                                  Office Supplies

  Jan. 23 Accounts Payable  $2,300

6.                                    Accounts Payable

                                                      Jan. 23 Office Supplies  $2,300

7.                                    Salaries Expense

  Jan. 31   Cash                     $6,900

Explanation:

T-Ledger accounts are ledger accounts in the form of the letter T.  It has debit on the left-hand side and credit on the right-hand side.  It is an accounting tool for determining balances.

7 0
3 years ago
The accounting records of Ohm Electronics show the following data. Beginning inventory3,000 units at$5 Purchases8,000 units at$7
QveST [7]

Answer:

The average unit cost per unit =$6.455 per unit

Explanation:

The average unit cost is the sum of he cost of opening inventory and  purchase  for the period divided by the total units for the period

Average Unit cost=

$((3,000 × 5) + (8,000× 7))/(3000+8000) units

=$ 71000/11,000 units

= $6.455 per unit

The average unit cost per unit =$6.455 per unit

4 0
3 years ago
Dividend growth rate is important to many investors. you are considering investing in a firm after looking at the firm's dividen
tankabanditka [31]
<span>the answer to this is 6.94%</span>
3 0
3 years ago
Joseph juran modeled the ___ after an italian economist who used something like it to determine that 85 percent of the wealth in
aleksandr82 [10.1K]
I believe the answer is Pareto diagram
Pareto diagram refers to a diagram that used the combination of both lines and bars, and write the value of data in descending order.
This diagarm is mostly used by organization in order to analyze the defect from the most commonly occured to the least.
4 0
3 years ago
Which of the following is true of normal costing? a.Actual direct labor cost is traced to products, but estimated direct materia
KengaRu [80]

<u>C) </u><u>Actual direct materials and direct labor costs are traced to products, but estimated overhead costs are assigned using predetermined rates.</u>

<u />

<h3><u>What Are the Normal Costs?</u></h3>

The cost of a product is determined using standard costing. This method includes a standard overhead rate and actual direct costs applied to a product. It includes the actual cost of labor, materials, and a standard overhead rate that is calculated based on the product's actual consumption of the allocation base in question (such as direct labor hours or machine time).

You can prorate the difference between the cost of goods sold and inventory if there is a discrepancy between the standard overhead cost and the actual overhead cost, or you can charge the difference to the cost of goods sold (for lesser discrepancies).

<u />

Learn more about the costs of the product with the help of the given link:

brainly.com/question/15506611?referrer=searchResults

#SPJ4

7 0
2 years ago
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