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Talja [164]
3 years ago
11

. From the following list of account balances, calculate the correct amount of current liabilities: Accounts receivable $ 5,000

Accounts payable 5,300 Unearned revenue 900 Rent expense 2,400 Sales revenue 46,300 Sales tax payable 3,700 Estimated warranty payable 900 Note payable, due in 90 days 1,300 Accumulated depreciation 1,400 a. $12,100 d. $13,000 b. $61,200 e. $13,100
Business
1 answer:
zhannawk [14.2K]3 years ago
6 0

Answer:

The answer is A.

Explanation:

Current liabilities are the total amount of money due within a period of s year. Current liabilities must be repaid within a year(less than 12 months.

Current liabilities in this question are:

Payable. $5,300

Unearned revenue $900

Sales tax payable. $3,700

Estimated warranty payable $900

Note payable due in 90days $1,300

Total. $12,100

$12,100 is therefore the total current liabilities

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For an output of 120 bots the best possible alternative is option C. The fixed cost will be $475 per boat ($57,000 / 120 boats)

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Before beginning to compose a successful business message, you need to collect necessary information by conducting informal or f
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On December 31, before the closing entries, the following information is available for Jones Company: Service Revenue $10,000 To
madreJ [45]

Answer:

$15,000

Explanation:

Closing retained earnings is the accumulated value of an entity`s profit reserve from its earnings from  both current and past accounting periods.Closing retained earnings is calculated by deducting dividend paid from earnings after tax of the current year and adding the balance to opening retained earnings.

= Opening retained earnings + (Earnings after tax   -  Dividend paid)

Based on the information supplied, the closing retained earnings will be:

                                                                              $

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Operating profit                                                  4,000

Dividend                                                           <u>  (1,000)</u>

Retained Earnings                                              3,000

Retained Earnings b/f                                      <u>   12,000</u>

Closing Retained Earnings                            <u>     15,000</u>

Note: No information in regard of tax, so the operating profit is used as profit after tax.

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