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2 years ago

Se the following account balances from the adjusted trial balance of Gees Catering:

Business

1 answer:

S_A_V [24]2 years ago

8 0

Answer:

The amount that Gees Consulting would report as the ending balance in the R. Gees, Capital account at the end of the year is $8,000

Explanation:

For computing the ending balance of capital account, first, we have to compute the net income or loss which is shown below:

Net income/loss = Fees revenue - salary expense - rent expense - supplies expense

= $10,000 - $7,000 - $6,000 - $6,000

= ($19,000)

Now the ending balance would be

= Opening capital - net loss - drawings

= $18,000 - $9,000 - $1,000

= $8,000

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Answer:

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romanna [79]

Answer:

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Explanation:

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Annuity-due:

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Annuity:

$PV \div \frac{1-(1+r)^{-time} }{rate} = C\\$

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time 10

rate 0.09

$980000 \div \frac{1-(1+0.09)^{-10} }{0.09} = C\\$

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rate 0.09

$\frac{68000}{(1 + 0.09)^{10} } = PV$

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980,000 - 28,724 = 951,276

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2 years ago

What are the consequences of not notifying your reference of their inclusion in your job

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Answer:

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