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
atroni [7]
3 years ago
12

Financial statement account identification mark each of the accounts listed in the following table as follows.

Business
1 answer:
Triss [41]3 years ago
5 0

Answer:

Account name                         statement(1)                     type of account(2)

Accounts payable                      BS                                        CL

Accounts receivable                  BS                                          CA

Accruals                                     IS and BS                             income and SE        

Accumulated amortization        BS                                       FA

administrative expenses            IS                                      E

Buildings                                       BS                                   FA

Cash                                              BS                                  CA

Common shares                           BS                                    SE

Cost of goods sold                     IS                                       E                        

Amortization                                 BS                                     E

Equipment                                       BS                                 F ASSET

General expenses                           IS                                     E

Intrest expenses                                IS                                     E

Account name                        Statement(1)                 type of account(2)

Inventories                                   BS                                   CA

Land                                             BS                                    FA

long term debts                          BS                                    CL

Machinery                                  BS                                       FA

marketable securities               BS                                      CA

Line of credit                              BS                                             LTD

operating expense                    IS                                           E

Preferred shares                     BS                                      SE

preferred share dividends      BS                                     SE

retained earnings                    BS                                      R

Sales revenue                         IS                                            R

Selling expense                    IS                                                E

Taxes                                         IS                                             E

Vehicle                                     BS                                             FA

 

You might be interested in
On its 2017 balance sheet, Walgreens Boot Alliance, Inc., reports treasury stock at cost of $4,934 million. The company has a to
White raven [17]

Answer:

$57.02 Average price per share in treasury Stock

Explanation:

Treasury Stock in dollars 4,934M

\frac{Treasury \: Stock_{dollars}}{Treasury \: Stock_{shares}} \\Where:\\issued - outstanding = Treasury \: Stock_{shares}

1,172,513,618 - 1,082,986,591 = 89,527,027 TS in shares

4,934,000,000/89,527,027 = 57.02264565

$57.02 Average price per share in treasury Stock

6 0
3 years ago
Tamarisk Leasing Company signs a lease agreement on January 1, 2017, to lease electronic equipment to Carla Vista Company. The t
bixtya [17]

Answer:

a. $46,000

see the other answers in the explanation

Explanation:

(a) Fair value of leased asset to lessor $245,000

Less: Present value of unguaranteed residual value $24,335 X .63017

(present value of 1 at 8% for 6 periods) $15,335

Amount to be recovered through lease payments $229,665

Six periodic lease payments $229,665 ÷ 4.99271 $46,000*

*Present value of an annuity due of 1 for 6 periods at 8%.

b.

(c)

1/1/17

Lease Receivable 245,000

Cost of Goods Sold 229,665

Sales Revenue 229,665

Inventory 245,000

1/1/17

Cash 46,000

Lease Receivable 46,000

12/31/17

Lease Receivable 15,920

Interest Revenue 15,920

1/1/18

Cash 46,000

Lease Receivable 46,000

12/31/18

Lease Receivable 13,514

Interest Revenue 13,514

8 0
3 years ago
The estimated amount of depreciation on office equipment for the current year is $3,500. the correct adjusting entry to journali
Illusion [34]

The correct adjusting entry to journalize this depreciation is a debit to Depreciation Expense for $3,500 and a credit to Accumulated Depreciation for $3,500.

What is a depreciation?

In accounting, this refers to the monetary value of an asset that decreases over time due to use, wear, tear etc.

As we are given that the estimated amount of depreciation on office equipment for the current year is $3,500, then, the correct adjusting entry to journalize this depreciation is a debit to Depreciation Expense for $3,500 and a credit to Accumulated Depreciation for $3,500.

Read more about depreciation

<em>brainly.com/question/25785586</em>

#SPJ1

8 0
2 years ago
If you can guess my favorite anime u will get Brainliest
Dima020 [189]
Kakeguri maybe, also thank you for the points
4 0
3 years ago
Read 2 more answers
_____ is defined as the variability of inputs and outputs of services, which makes services less standardized and uniform than g
Eva8 [605]
The heterogeneity is the inconsistency of the inputs and outputs of services in which causes services to be likely to be less standardized and less uniform than goods. In addition, 1. reliability is the capability to perform a service reliably, precisely and steadily. 2. The responsiveness is the capability to offer prompt service 3. assurance is the information and politeness of employees and their capability to convey trust 4. The empathy is caring, adapted attention to customers 5. The tangibles are the physical indication of a service, containing the physical amenities, tools and equipment used to be responsible for the service. 
8 0
3 years ago
Other questions:
  • What is the change due if a $50 bill is tendered for a charge of $9.76?
    12·2 answers
  • JT Engineering usually pays $21 per pound of copper and uses 300 pounds of copper per 1,000 widgets. Due to the current high dem
    7·1 answer
  • John has to decide whether to buy a zero-coupon bond with very little risk that costs $950 and will pay $1085 in one year or put
    7·1 answer
  • On January 2, 2015, Quick Delivery Company traded in an old delivery truck for a newer model. The exchange lacked commercial sub
    12·1 answer
  • At the beginning of 2018, Angel Corporation began offering a two-year warranty on its products. The warranty program was expecte
    8·1 answer
  • You own a portfolio equally invested in a risk-free asset and two stocks. If one of the stocks has a beta of 1.16 and the total
    14·1 answer
  • etween 2017 and​ 2018, a small​ businessperson's income increased from​ $200,000 to​ $220,000. The annual state income taxes tha
    9·1 answer
  • Which of the following lies primarily within the realm of macroeconomics? a study of the demand for gasoline a study of how tax
    14·1 answer
  • What are the solution to unknown gunmen problem
    11·1 answer
  • What are the key factors to launch a design business?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!