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wolverine [178]
3 years ago
15

Boyd Docker recorded the following transactions during the month of April. Apr. 3 Cash 3,400 Service Revenue 3,400 16 Rent Expen

se 460 Cash 460 20 Salaries and Wages Expense 340 Cash 340 Post these entries to the Cash account of the general ledger to determine the ending balance in cash. The beginning balance in cash on April 1 was $3,850. (Post entries in the order of journal entries presented in the
Business
1 answer:
Nutka1998 [239]3 years ago
6 0

Answer:

$6,450

Explanation:

The general ledger of a cash account is presented below:

                                            Cash Account

Date     Particulars           Amount        Date     Particulars           Amount

April 1    Beginning                                 April 16  Rent expense     $460

             Balance               $3,850

April 3  Service                                      April  20   Salaries and

            Revenue              $3,400                         Wages expense $340

                                                               April 30  Ending balance   $6,450

The ending  balance would be

= Beginning balance + service revenue - rent expense - salaries and wages expense

= $3,850 + $3,400 - $460 - $340

= $6,450

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3 years ago
A fleet of refrigerated delivery trucks is acquired on January 5, 2017, at a cost of $900,000 with an estimated useful life of 1
gavmur [86]

Answer:

depreciation expense 2017 = $180,000

depreciation expense 2018 = $144,000

depreciation expense 2019 = $115,200

Explanation:

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depreciation expense using double declining method = 2 x regular straight method depreciation rate x purchase cost

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4 years ago
Managers should select the capital structure that A. maximizes the value of the firm. B. has no debt. C. is fully levered. D. mi
motikmotik

Answer:

A. maximizes the value of the firm.

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3 years ago
The cross-price elasticity of demand measures the absolute change in the quantity demanded of one good divided by the absolute c
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percentage change in the quantity demanded of one good divided by the percentage change in the price of another good.

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Budgeted direct materials quantity
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Direct materials quantity variance
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