Answer:
KACY SPADE COMPANY TRIAL BALANCE AS AT 31st MAY 2016
DEBIT SIDE
Dr cash $94,850
Dr Account receivable 1575
Dr office supplies1,250
Dr Office equipment 10,050
Account payable 0
DrDividends10,000
DrRent expense1,225
Total$118,950
CREDIT SIDE
Cr Commonstock100,750
Cr Fees earned18,200
Totals$118,950
EXPLANATION
1.Cash
Dr a.100,750
Dr d.15,500
Dr h.1,125
Cr b.1,250
Cr e.10,050
Cr g.1,225
Cr i.10,000
The difference between both Debit and credit side =Balance 94,850
2.Accounts Receivable
Dr f.2,700 Cr b.1,125
The difference between both Debit and credit side Balance 1,575
3.Office Supplies
Dr a.1,250
Balance1,250
4. Office Equipment
Dr c.10,050
Balance 10,050
5.Accounts Payable
Dr e.10,050 Cr c.10,050
Balance 0
6.Common Stock
Cr a.100,750
Balance 100,750
7.Dividends
Dr i.10,000
Balance 10,000
8.Fees Earned
Cr d.15,500
Cr f.2,700
Balance 18,200
9. Rent Expense
Dr g.1,225
Balance 1,225
Answer:
Option a (RA) seems to be the correct alternative.
Explanation:
- For just about any commercial enterprise, a RA account seems to be a vital instrument. The purpose of doing trade is and has always been to create profit, as well as the corporation has to generate sales to create income.
- An RA bank account is some of the most significant amongst all the other savings accounts used against a company, and that's where the profits of the company go.
Some other options offered aren't connected to the circumstance in question. So the solution here was the right one.
Answer:
:Two students made stem-and-leaf plots for the following data: 530, 545, 550, 555,560, 570. Which is incorrect? Explain the error.
(2 Points)
A; there is no stem for 56.
B; there are no leaves for 55.
Explanation
Answer:
The provisions of the Mayflower Compact would influence later documents
like the Articles of Confederation. Which of the following is not a reason the
colonists created and signed the verry Mayflower Compact?
Explanation:
The provisions of the Mayflower Compact would influence later documents
like the Articles of Confederation. Which of the following is not a reason the
colonists created and signed the verry Mayflower Compact?
Answer:
Trade-in allowance
Explanation:
A trade-in allowance is a type of discount in which the price of a good is reduced by the value of a another good that the buyer gives to the seller.
In this question, we have a trade-in-allowance because buyers give a product (a used vacuum cleaner) valued at $100 in exchange for a discount by the same amount of the total price of the new vacuum that they want to buy.
