1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
erastova [34]
3 years ago
14

The company's adjusted trial balance as follows includes the following accounts balances:

Business
1 answer:
Zina [86]3 years ago
7 0

Answer:

Expense & revenue summary a/c (credit balance) = $3500

Explanation:

  1. Dr  Expense & revenue summary 52500

                          Cr Sales discount                     1500

                          Cr Sales return & allowance   3000

                          Cr   Depreciation expense      25000

                          Cr   Salaries expense               23000

         (Close expenses to expense & revenue summary a/c)

2. Dr Sales    56000

                           Cr  Expense & revenue summary  56000

       (Close sales to expense & revenue summary a/c)

3.  Dr Expense & revenue summary a/c 3500

                         Cr  Retained earning a/c           3500

      (To close expense & revenue summary a/c)

4. Dr Retained earning  2000

                          Cr Expense & revenue summary  2000

       (Close dividend to expense & revenue summary a/c)d

You might be interested in
If someone thinks that their language is superior to others, it can cause defensiveness. In this case, what style should be used
Elan Coil [88]

When someone believes their language is superior to others', they may become defensive. The descriptive language should be utilized in this circumstance to steer the debate away from defensiveness.

<h3>What is descriptive style?</h3>

When an author writes in a descriptive style, they are using words to paint a picture for their audience of a person, place, or thing. To convey the author's impressions through their five senses.

In descriptive communication, a person tries to figure out about the determination of what information is true, is nondefensive, but evaluative communication is perceived as hunting for information that makes a listener defensive.

Empathy is emotional support for others, putting the listener in a non-defensive position, while equality puts both the listener and the speaker on an equal footing, promoting non-defensiveness.

This is because they seek knowledge that the listener may perceive as dangerous, evaluative and problem-solving are defensive.

Therefore, the person is thinking about the descriptive style.

To learn more about the descriptive style, refer to:

brainly.com/question/21466747

#SPJ1

5 0
2 years ago
The bid-ask spread exists because of _______________. A. market inefficiencies B. discontinuities in the markets C. the need for
SashulF [63]

Answer:

C. the need for dealers to cover expenses and make a profit

Explanation:

In the market for securities there are two pricing of securities.

The ask price is the price at which the buyer is willing to purchase a security.

The ask price or the offer price is price at which the seller of a security is willing to sell it. Ask price can be firm or negotiable.

Bid ask spread is the difference between the highest amount a buyer is willing to buy a security and the lowest price at which a seller is willing to sell it.

This spread exists because dealers need to cover expenses and make a profit

8 0
3 years ago
This condition causes people to struggle to sequence the sounds in syllables and words, which means that
Mice21 [21]
The answer is stuttering if not it is tongue tied
7 0
1 year ago
Read 2 more answers
At the end of the prior year, Doubtful Inc. had a deferred tax asset of $18,500,000 attributable to its only timing difference,
iren [92.7K]

Answer:

Journal entries to record Doubtful's income tax expense for the current year.

No   Account titles and Explanation             Debit'$    Credit'$

1       Income tax expense                             8,945,000

                  Deferred tax asset                                     3,800,000

                  [(42,000,000*35%) - 18,500,000]

                   Income taxes payable                               5,145,000

                   [(14,700,000*35%)]

         (To record tax expenses)

2        Income tax expense                            1,270,000

                 Valuation allowance - deferred tax asset  1,270,000

                   (3,730,000 - 5,000,000

          (To record valuation allowance)

7 0
3 years ago
The standard number of hours that should have been worked for the output attained is 6,000 direct labor hours and the actual num
LenKa [72]

Answer:

Actual Rate= $9.5  per hour

Explanation:

Giving the following information:

Actual number of hours= 6,300

Direct labor price variance= $3,150 unfavorable

Standard rate= $9 per direct labor hour

<u>To calculate the actual rate, we need to use the direct labor rate (price) variance formula:</u>

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

-3,150 = (9 - Actual Rate)*6,300

-3,150 = 56,700 - 6,300Actual Rate

-59,850 = -6,300Actual Rate

-59,850/-6,300 = Actual Rate

$9.5 = Actual Rate

4 0
2 years ago
Other questions:
  • David McClelland defined three human needs. The desire which leads individuals to put their competencies to work, take moderate
    12·1 answer
  • Question help the muffin house produces and sells a variety of muffins. the selling price per dozen is​ $15, variable costs are​
    15·1 answer
  • To feel confident and to sell your qualifications, you should prepare and practice ____________________ stories that provide spe
    9·1 answer
  • The spot rate for the Argentine peso is $0.3600 per peso. Over the year, inflation in Argentina is 10 percent and U.S. inflation
    10·1 answer
  • A​ company's production department was experiencing a high defect rate on the assembly​ line, which was slowing down production
    7·1 answer
  • Resellers are business intermediaries who buy finished goods and resell them for a profit. Their business model dictates that th
    5·1 answer
  • Do you think expenditure on road building and maintenance is an on-budget or off-budget expenditure?
    7·1 answer
  • Company AA had net income of $20,000 in 2017. Compared to previous year, Accounts Receivable decreased by $10,000, Prepaid Rent
    11·1 answer
  • Which of the following would be considered the output?
    7·1 answer
  • A(n) _______ is about transforming how a business interacts with its customers on the world wide web.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!