Answer:
Adjusting Entries
December 31
Dr. Insurance Expense $2,000
Cr. Prepaid Insurance $2,000
December 31
Dr. Supplies Expense $8,200
Cr. Supplies account $8,200
Explanation:
On December 31, six months have been accrued and all of the amounts of prepaid insurance became accrued. hence it will be recorded as an expense.
Now calculate the supplies expense using the following formula
Supplies expense = Beginning Supplies + Purchases during the year - Ending Supplies = $6,600 + $2,800 - $1,200 = $8,200
Answer:
$1,160,300
Explanation:
Total Manufacturing Costs are all costs related to the production of goods to be sold. This consists of direct costs such as labor and material and other indirect costs such as electricity and rentals.
<u>Calculation of total manufacturing costs :</u>
Cost of goods manufactured 1,030,300
Add Closing Work In Process 130,000
Less Beginning Work In Process 0
Total manufacturing costs $1,160,300
Answer:
($1,100,000)
Explanation:
Given that
Loans made to affiliated corporations = $1,400,000
Proceeds from sale of Equipment = $300,000
The computation of net cash provided (used) by investing activities is here below:-
Net cash provided(used) by investing activities = (Loans made to affiliated corporations) - Proceeds from sale of Equipment
= ($1,400,000) - $300,000
= ($1,100,000)
So, for computing the cash provided(used) by investing activities we simply applied the above formula.
Definition:
Contributions that bring benefits over and above those directly associated with the core business activities and events. These contributions can include monetary, employee time, employee resources, and gifts of any kind.
Answer:
The company be able to continue without positive cash flows or additional financing for 39 Months
Explanation:
in given information assessed negative income from activity is (155,000), this is expected that there won't be any income from contributing or financing exercises.
information given for records of sales and stock is superfluous since both are a piece of working income which is as of now evaluated.
there for shutting balance toward the finish of year is $500,000 separated by negative income of (150,000) equivalents to months organization will ready to proceed without positive income or extra financing
