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3 years ago

The __________ is a listing of all the balance sheet and income-related accounts

1 answer:

8 0

Answer : Chart of accounts Explanation: A chart of accounts (COA) is a created list of the accounts used by an organization to define each class of items for which money or the equivalent is spent or received. It is used to organize the finances of the entity and to segregate expenditures, revenue, assets and liabilities in order to give interested parties a better understanding of the financial health of the entity.

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Johnson Enterprises uses a computer to handle its sales invoices. Lately, business has been so good that it takes an extra 3 hou

azamat

Answer:

The old computer should be replaced since the differential amount of the replacing it with a new computer is $10,000

Explanation:

Old machine New machine Differential

amount

purchase cost $0 ($15,000) ($15,000)

operating costs year 1 ($24,600) ($19,600) $5,000

operating costs year 2 ($24,600) ($19,600) $5,000

operating costs year 3 ($24,600) ($19,600) $5,000

operating costs year 4 ($24,600) ($19,600) $5,000

operating costs year 5 ($24,600) ($19,600) $5,000

TOTAL ($123,000) ($113,000) $10,000

4 0

3 years ago

At best buy they have a 42" TV that sells for $1250 and is on sale 15% and sales tax is 6.5%.What is the final cost?

lys-0071 [83]

First, calculate the discount.

15% of 1250 is 187.5

Then, subtract 187.5 from 1250.
You get 1062.5

Next, to calculate the sales tax. I'm not 100% sure if you're supposed to do this before the discount or after, I'm just assuming after.

Anyway,

6.5% of 1062.5 is approxamately 69.06.

Add that to 1062.5 to get the final answer of $1131.56

7 0

2 years ago

When a woman died, a deed was found in her desk drawer. the deed had been signed, dated, and acknowledged but not recorded. the

kow [346]

The house will most likely go to her Nephew.

5 0

2 years ago

Which of the following is likely the lowest paid job listed?

Softa [21]

I think it’s 1. retail clerk

3 0

3 years ago

Read 2 more answers

Record journal entries for the following transactions. (a) On December 1, $18,000 was received for a service contract to be perf

Aliun [14]

Answer:

See explanation section

Explanation:

(a) December 1 Cash Debit $18,000

Unearned revenue Credit $18,000

Note: The company received the money in advance for a contract to do during December to April. Therefore, they received cash while a liability increased due to receiving advance money.

(b) December 31 Unearned revenue Debit $3,600

Service revenue Credit $3,600

Note: As the company started performing, after the completion of 1st month, i.e., December 1 to December 31, the advance money started expiring because of providing services. Moreover, as the service is performed evenly for 5 months, the 1st month's revenue = $(18,000/5) = $3,600.

5 0

3 years ago