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dybincka [34]
3 years ago
9

Assume that the beginning balances for the customer accounts were zero, except for Tillman Inc., which had a $590 beginning bala

nce. In addition, there were no collections during the period. a. Set up a T account for Accounts Receivable and T accounts for the four accounts needed in the customer ledger. b. Post to the T accounts. c. Determine the balance in the accounts. d. Prepare a listing of the accounts receivable customer balances as of May 31, 20Y3.
Business
1 answer:
bekas [8.4K]3 years ago
3 0

Answer:

Detailed balance sheet is attached .

Explanation:

Download docx
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Describe the difference between an idea and a business opportunity.
MArishka [77]

Answer:

Idea is a thought and business opportunity is what job you want.

Explanation:

3 0
3 years ago
Written promise to pay a specified amount of money
Kay [80]
C. One who signed the note and promised to pay at maturity
4 0
3 years ago
A sports game company with current sales of $400,000 does not expect any growth in sales for the next two years. The company, ho
Ber [7]

Answer:

Answer is B

Explanation:

Cash flow = Net Income + Adjustment for Non-Cash expenses

So we must first calculate the Net Income for the second year using the Profit and Loss Statement format:

Year 2

Revenue                  $400,000

Less Expenses       ($220,500)

Less Depreciation  ($ 20,000)

Profit before Tax     $159,500

Less Tax                  ($54,230)            {34% of Profit before Tax}

Net Income              $105,270

Add Depreciation    $20,000          

Cashflow                  $125, 270

{Remember Depreciation is a non cash expense, so we must add it to the Net income to arrive at the cash flow}

(Remember the company expects no change in revenue)

5 0
3 years ago
You earn $420 per week. you put socual security taxes
Drupady [299]
2940 would be 420 per week
4 0
3 years ago
A local newspaper devotes its New Year's Day issue to people who have performed heroically during the past year. One of the peop
Wittaler [7]

Answer:

PRIVACY RIGHT of a person or an individual

does not allow giving a person which is the plantiff a publicity that are unnecessary based on that person private life unless if the plantiff information they want to write about is important to the article.

Explanation:

Based on the information given we were told

that Janet was included in a local newspaper

for the people who have performed heroically in which the article stated that she had been unable to find work due to burns to Janet hands and her feet which in turn makes Janet to sued the newspaper for the invasion of her privacy.

Therefore how the case should be decided is that the PRIVACY RIGHT of a person or an individual does not allow giving a person which is the plantiff a publicity that are unnecessary based on that person private life unless if the plantiff information they want to write about is important to the article.

8 0
3 years ago
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