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3 years ago

Prepare the Unadjusted Trial Balance

Business

1 answer:

Alex73 [517]3 years ago

8 0

Answer:

Unadjusted Trial Balance of Smart Touch Learning is presented below in explanation section with a total of $66,000 in Debit and Credit Side.

Solution in Excel is also attached for your reference

Explanation:

Smart Touch Learning

Un-adjusted Trial Balance for the year ended 31 December, 2016

Account Debit Credit

Assets

Furniture (Debit) $12,400

Accounts Receivable (Debit) $600

Cash (Debit) $43,410

Prepaid Insurance (Debit) $1,900

Liabilities

Unearned Revenue (Credit) $3,700

Common Stock

Common Stock (Credit) $39,100

Dividends

Dividends (Debit) $3,600

Revenues

Service Revenue (Credit) $23,200

Expenses

Office Supplies (Debit) $510

Rent Expense (Debit) $1,200

Salaries Expense (Debit) $2,000

Utilities Expense (Debit) $380

Total $66,000 $66,000

Download xlsx

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PB8.

Sophie [7]

Answer:

Debit Credit

Applied overheads $110,000

Cost of sales (over applied overheads) $4,000

Overhead control account $106,000

Explanation:

Since the estimated overhead amounting to $110,000 are greater than the actual overheads amounting to $106,000, therefore the overheads are overapplied by $4,000.

The journal entry to disposed off the overapplied overheads are given below:

Debit Credit

Applied overheads $110,000

Cost of sales (over applied overheads) $4,000

Overhead control account $106,000

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3 years ago

the gross sales for store B were 876500. the custmer returns and allowances were 10%. what was the dollar amount of returns and

Marina CMI [18]

Answer:

$87,650

Explanation:

The computation of the dollar amount of returns and allowances is shown below:

= Gross sales for store B × customer returns and allowances percentage

= $876,500 × 10%

= $87,650

By multiplying the gross sales with the customer returns and allowances percentage we can get the dollar amount with respect to the returns and allowances and the same is to be considered

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Gekata [30.6K]

According to Anne Roe’s personality theory of career choice, people choose occupational fields based on their need structures, which were influenced by the childhood environments that they experienced.

Explanation:

Anne Roe’s personality theory of career choice was well explained in her book “Psychology of Occupations”. There are certain factors that influence in deciding the career of a person. The factors are psychology, biology and sociology of a person.

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Refer to exhibit 20-2. the market for good x is initially in equilibrium at $5. the government then places a per-unit tax on goo

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Answer:

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Explanation:

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A registered representative has left a firm and joined another. The new firm must obtain a copy of the form u-5 filled out by th

Paraphin [41]

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