Answer:
The trial balance of Kacy Spade showed total of $12,726 on both debit and credit as found in the attached spreadsheet
Explanation:
In preparing the trial balance, I showed the earlier postings into ledgers for those accounts that had more one transaction and I showed those ones with just a transaction in the trial balance colored-coded in yellow.
Trial balance tests the arithmetical accuracy of postings done in the ledgers by summarizing the ledgers' balances in the trial balance.
Answer:
$510,000
Explanation:
No.of bonds issued = $600,000 / $1000 = 600
Total no. of stock warrants = 600 x 50 = 30,000
Market Value of stock warrants = 30,000 x $4 = $120,000
Issue price of bonds = $600,000 x 1.05 = $630,000
Amount to be recorded as increase in liabilities = Issue price of bonds - Value of stock warrants
= $630,000 - $120,000
= $510,000
Answer:
$26,000
Explanation:
The Sales volume variance can be calculated using the following formula:
Sales Volume Variance = Actual Sales ($) - Budgeted Sales ($)
Or you can also use the following formula:
Sales Volume Variance = (Actual Sales Units - Budgeted Sales Units) * Budgeted price per unit
Here
Actual Sales ($) is 77000 unit at $14 budgeted sales price per unit which means total sales in dollars was $1,078,000.
Budgeted Sales ($) is 79000 unit at $14 budgeted sales price per unit which means total budgeted sales in dollars was $1,104,000.
Sales Volume Variance = $1,078,000 - $1,104,000 = $26,000
Brainstorming and also the infinity diagram can be used in group decision making.
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