Answer:
<h2>Post-Closing trial balance is usually prepared after the closing entries are posted to the ledger account.Hence,the correct answer is the third option or after closing entries are posted to the ledger accounts.</h2>
Explanation:
In Accounting,the main objective of preparing a post-closing trial balance is to ensure the completion and closure of all the temporary accounts and the equality between all the debit and credit entries have been consistently established once the closing entry has been done.Once the closing entries have been put into journal and finally posted in ledger,a detailed account or list of all the individual accounts along with their respective balances is prepared which is basically known as Post Closing Trial Balance Account.It includes all the unbalanced accounts from the original trial balance or the accounts which are not balanced based on debt and credit entries,at the end of the accounting or reporting year.Therefore,post-trial balance basically ensures that all the accounts entered in the original trial balance are zero balance or the debit and credit entries of all the individual accounts in trial balance are balanced or equal.
Answer and Explanation:
The Journal entry is shown below:-
1. Cash Dr, $31,770
To Common stock $31,770
(Being issuance of shares for cash is recorded)
2. No Journal Entry is required
3. Office furniture Dr, $3,740
To Accounts payable $3,740
(Being purchase of office furniture on credit is recorded)
4. Accounts receivable $10,430
To service revenue $10,430
(Being customer billed for service is recorded)
5. Cash $185
To credit revenue $185
(Being cash received for service is recorded)
6. Accounts payable $800
To cash $800
(Being cash paid for office furniture purchased is recorded)
7. Salaries expense Dr, $3560
To cash $3560
(Being salary paid is recorded)
Answer:
Theresa has $6,000 in equity.
Explanation:
To get this answer, you take the value of her car ($15,000) and subtract the amount that she owes from it ($15,000-$9,000). This gives you $6,000.
Hope this helps!
Answer:
The correct answer is $147,500.
Explanation:
According to the scenario, the given data are as follows:
Beginning inventory = $10,500
Purchase inventory = $160,000
Ending inventory = $23,000
So, we can calculate the cost of goods sold by using following method:
Cost of goods sold = Beginning inventory + Purchase inventory - Ending Inventory
By putting the value, we get,
Cost of goods sold = $10,500 + $160,000 - $23,000
= $147,500
Ryan receives a coupon on his iPhone advising him about the location of a taco bell store. this is an example of which required for marketing to occur a way for parties to communicate.
Advertising and marketing refer to activities a company undertakes to promote the shopping for or selling of a product or service. Advertising includes advertising, promoting, and turning in merchandise to purchasers or different businesses. Some advertising is completed by using associates on behalf of an organization.
Advertising is the method of exploring, creating, and turning in value to meet the desires of a goal market in terms of products and offerings; doubtlessly along with a choice of a target audience; choice.
Marketing is the pastime, set of establishments, and approaches for growing, communicating, turning in, and changing offerings which have fees for customers, clients, partners, and society at massive.
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