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Stells [14]
3 years ago
12

The following balances were taken from the general ledger of Doogie Corporation as of December 31. All balances are normal. Cash

$6,000 Accounts receivable $10,800 Accounts payable 6,000 Common stock 51,000 Equipment 45,000 Dividends 2,400 Utilities expense 2,000 Administrative expense 8,000 Sales revenue 17,200 Prepare a trial balance.

Business
1 answer:
love history [14]3 years ago
7 0

Answer:

Please refer to the attached

Explanation:

Please refer to the attached.

Note that in trial balance Debit side must always be equal to debit side

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Ban Co purchased 50, 5% Waylan Company bonds on January 1, 2016 for $50,500 cash Interest is payable annually on January 1 the J
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Answer:

a. debit to Interest Revenue for $2,500

Explanation:

Based on the information given we were told that Ban Company made a purchased of 50, 5% Waylan Company bonds for the amount of $50,500 which is a cash Interest that is payable annually which means that the annual interest payment would include a: DEBIT to Interest Revenue for $2,500 calculated as :

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Marv's Furniture and Fixtures produces seats for movie theaters. Listed below are selected cost items for the seat production. C
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Answer:

Fixed cost is the one which remains fixed and doesn't changes within a range of level of activity changes which includes Factory property taxes (doesn't changes with furniture manufacturing), accounting staff salaries (doesn't changes with furniture manufacturing), sales office rent (doesn't changes with furniture manufacturing), Sales manager salary and Depreciation on factory equipment.

On the other hand, the variable cost changes with the change in the level of activity and this includes fabric for seats (greater usage for greater amount of seats), assembly labor and sales commissions paid.

Period cost is the cost that is associated with the passage of time and increases with the passage of time and is not dependent on level of activity.

This includes Factory property taxes, accounting staff salaries, sales office rent, Sales manager salary and Depreciation on factory equipment.

Product cost is the cost that is associated with costs that are directly linked with manufacturing of the product. This includes all the variable overheads, specific fixed cost and variable costs. The examples include Fabric for seats and Assembly labor.

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If the information content, or signaling, hypothesis is correct, then a change in a firm's dividend policy can have an important
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Answer:

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