Answer:
b. $18,000
Explanation:
The computation of outstanding checks is shown below:-
Outstanding checks as of the end of July = Start with outstanding checks as of June + Amount of checks issued in July - Amount of checks that cleared in July
= $5,400 + $38,900 - $26,300
= $44,300 - $26,300
= $18,000
Note, The $300 check was issued by a customer, not Darlene.
So, for computing the outstanding checks as of the end of July we simply applied the above formula.
Answer: $92,880
Explanation:
The Gross Profit can be calculated by simply removing the cost from the sales amount.
It is stated that the additional processing will yield 10,000 bags of Premium Green and 3,600 bags of Green Deluxe, which can be sold for $7.55 and $5.55 per bag.
Sales figure is therefore,
= (10,000 * 7.55) + (3,600 * 5.55)
= 75,500 + 19,980
= $95,480
Subtracting the cost to get,
= 95,480 - 2,600
= $92,880
The total gross profit would is $92,880.
Answer:
A)
1. Dr Cash 400
Cr Equipment 400
Dre Wages expense 400
Cr Cash 400
2. Dr Service revenue 550
Cr Cash 550
Dr Cash 5,500
Cr Service revenue 5,500
3. Dr Accounts payable 260
Cr Equipment 260
Dr Equipment 620
Cr Accounts payable 620
B)
1. Dr Wages expense 400
Cr Equipment 400
2. Dr Cash 4,950
Cr Service revenue 4,950
3. Dr Equipment 360
Cr Accounts payable 360
Theres no equation sorryy
Answer:
On November 1, the listing was terminated
Explanation:
According to the given n situation, the listing was terminated on November 1 because due to fire, it causes considerable damage to the property. As the property is damaged, so automatically the listing was canceled and terminated.
The date of rescinds the listing, the expiration date, and, the date at which the broker is incompetence is not relevant.
