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Alex
3 years ago
9

Prepare the Unadjusted Trial Balance for Smart Touch Learning as of December 31, 2016. Enter accounts in order of assets, liabil

ities, common stock, dividends, revenues, and expenses. Assume all accounts have normal balances.
Account Balance
Accounts Receivable 600
Cash 43,410
Common Stock 39,100
Dividends 3,600
Furniture 12,400
Office Supplies 510
Prepaid Insurance 1,900
Rent Expense 1,200
Salaries Expense 2,000
Service Revenue 23,200
Unearned Revenue 3,700
Utilities Expense 380
Business
1 answer:
Ede4ka [16]3 years ago
4 0

Answer: Please see the attached excel file for the un-adjusted trial balance.

Explanation: Trial balance is a worksheet that comprises the balances in the account / ledgers balance in debits and credits form, in such a way that all the amounts total zero. The major checker to the trial balance is to ensure that the total amounts equal zero. If there is a difference, it is an indication of imbalance in the trial balance and calls for investigation.

In this scenario, the accounts have been appropriately classified into debit and credit with columns that comprise the normal balance and the account classification.

<u>Please note that dividends was treated as dividend paid (expense) though it was expected to either be dividend payable or dividend income.</u>

Download xlsx
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The correct answer is C.

For the equations to be balanced, the coefficients must make the number of atoms of the reactants and products the same across the equation. The other answer options leave the reactants having too many atoms and the product lacking. So the only properly balanced option is answer choice C.

So the completed balanced equation is:
4I2 + 9O2 -> 2I4O9

I hope this helps! :)
4 0
3 years ago
You are a loan officer for National Bank. You have a loan application submitted by a company for $50,000. This company just got
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cash 5000

Explanation:

I think thats right

7 0
2 years ago
Calculate GDP loss if equilibrium level of GDP is $8,000, unemployment rate 8.8%, and the MPC is 0.80. Hint: (Use Okun's law to
stich3 [128]

Answer:

Loss of gdp = 7.6%

Eliminate gdp loss = 121.6

Explanation:

According to Okun's law , 12% loss of gdp.

Natural rate of unemployment=5%

Cyclical unemployment = Actual unemployment - Rate of Unemployment

Cyclical unemployment = 8.8% - 5%

Cyclical unemployment =3.8%

Loss of gdp = 3.8%(2)

Loss of gdp = 7.6%

Loss of gdp = (7.6%(8,000)

Loss of gdp = 608

Spending multiplier = 1/(1 - mpc)

Spending multiplier = 1/(1 - 0.8)

Spending multiplier = 1/ 0.2

Spending multiplie = 5

So,

Eliminate gdp loss = 608/5

Eliminate gdp loss = 121.6

5 0
4 years ago
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Answer: c. 10% of their time on expediting orders

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Supplier relationship management is an approach to evaluate or assess supplier's contributions to businesses with the aim of improving the business and grow relationship between both parties. The supplier relationship management has helped buyers spend just 10% of their time on expecting orders.

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3 years ago
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Answer:

Explanation:

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6 0
3 years ago
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