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aleksley [76]
4 years ago
15

Flow of Accounts into Financial Statements The balances for the accounts that follow appear in the Adjusted Trial Balance column

s of the end-of-period spreadsheet. Indicate whether each account would flow into the income statement, statement of owner's equity, or balance sheet.
1. Accounts Payable Balance sheet
2. Accounts Receivable Income statement
3. Cash Statement of owner's equity
4. Eddy Rosewood, Drawing Balance sheet
5. Fees Earned Income statement
6. Supplies Income statement
7. Unearned Rent Balance sheet
8. Utilities Expense Balance sheet
9. Wages Expense
10. Wages Payable
Business
1 answer:
Luden [163]4 years ago
8 0

Answer:

1. Accounts Payable will flow to the balance sheet because it is a liability account.

2. Accounts Receivable will flow to the balance sheet because it is an asset account.

3. Cash will flow in the balance sheet as it is an asset for the company.

4. Eddy Rosewood, Drawing will flow into Statement of owner's equity

5. Fees Earned will flow in the Income Statement

6. Supplies belong in the income statement as it is an expense account.

7. Unearned rent will flow in the balance sheet as it is a liability account.

8. Utility Expense will flow in the balance sheet as it is an expense account.

9. Wages Expense will flow in the income statement as it is an expense account.

10. Wages payable will flow in the balance sheet as it is a liability account.

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Charles lackey operates a bakery in Idaho, Falls Because of its excellent product location, demand has increased by 35% in the l
irina1246 [14]

Answer:

1) $0.27 per loaf of bread

2) $0.28 per loaf of bread

3) 3.7%

Explanation:

current production = 1,800 loaves per month

current labor expense = $8 per hour

constant utility cost = $800

ingredients per loaf = $0.40

multi-factor productivity = total output / (labor + materials + overhead)

current multi-factor productivity = 1,800 loaves / ($5,120 + $800 + $720) = $0.27 per loaf of bread

new output level = 1,800 x 1.35 = 2,430 loaves

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6 0
3 years ago
Assume the bid rate of an Australian dollar is $0.60 while the ask rate is $0.61 at Bank Q. Assume the bid rate of an Australian
jarptica [38.1K]

Answer:

$16,393.44

Explanation:

Calculation for what would be your gain

Gain=$1,000,000/($0.61 per AUD)*$0.62 per AUD - $1,000,000

Gain=1,639,344*$0.62 per AUD - $1,000,000

Gain=$16,393.44

Therefore what would be your gain if you use $1,000,000 and execute locational arbitrage will be $16,393.44

3 0
3 years ago
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Mademuasel [1]

Answer: the highest of the minimum wages.

Explanation:

The company will have the pay the minimum wage that is the highest because they are under the authority of all three governments and paying the highest minimum wage would ensure that they automatically follow the minimum wages set by the other two authorities.

For instance; the federal minimum wage is $7.25 per hour, the state minimum wage is $10 per hour and the city minimum is $12 per hour. When the company pays $12 an hour, they would be adhering to the city minimum and automatically adhering to the Federal and State minimums as well.

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3 years ago
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