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valentina_108 [34]
3 years ago
8

Which of the following would result if the business purchased supplies on credit? A)Supplies would increase, and Cash would decr

ease.
B)Supplies would increase, and Accounts Payable would increase.
C)Supplies would increase, and Capital would increase.
D)The purchase of supplies isn't a business transaction.
Business
1 answer:
klasskru [66]3 years ago
3 0
I think the answer is C
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Your parents tell you that they must create a personal balance sheet. Explain what a personal balance sheet is and explain the t
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3 years ago
The date on a monthly income statement prepared on April 30 is written as________.
Simora [160]

Answer:

(B) For Month Ended April 30, 20--.

Explanation:

Since, the income statement reflects the activities of the specific firm/entity/company for a particular period, therefore the date on income statement is always written in below manner depending on the number of months it represents.

If 12 months are represented by the income statement, then the date on such income statement is written as:

For year ended April 30,20--.

If 6 months are represented by the income statement, then the date on such income statement is written as:

For six months ended April 30,20--.

If 1 month is represented by the income statement, then the date on such income statement is written as:

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4 0
3 years ago
Computing Gross Profit The following data were taken from the accounts of Fluter Hardware, a small retail business. Sales $121,8
nikklg [1K]

Answer:

$46,430

Explanation:

Data provided in the question:

Sales = $121,800

Sales returns and allowances = 970

Sales discounts = 560

Merchandise inventory, January 1 = 34,300

Purchases during the period = 76,700

Purchases returns and allowances during the period = 3,820

Purchases discounts taken during the period = 2,460

Freight-in on merchandise purchased during the period = 1,120

Merchandise inventory, December 31 = 32,000

Now,

Net sales = Sales - Sales returns and allowances - Sales discounts

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= $120,270

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= 34,300 + ( 76,700 - 3,820 - 2,460 ) + 1,120 - 32,000

= $73,840

Therefore,

Gross profit = Net sales - Cost of good sold

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8 0
3 years ago
The distance a fragment of dna moves into the gel is proportional to the of the fragment in .
strojnjashka [21]

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6 0
10 months ago
You decide to save a uniform amount at the end of each month for 12 months so you will have $1000 at the end of 1 yr. The bank w
vitfil [10]

Answer:

$81.13

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the future value of this annuity is given, but we need the monthly contribution:

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