1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
castortr0y [4]
2 years ago
7

At June 1, 2018, Coquehcot Industries had an accounts receivable balance of $12,000. During the month, the company performed cre

dit services of $30,000 and collected accounts receivable of $22,000. What is the balance in accounts receivable at June 30, 2018?
Business
1 answer:
Nimfa-mama [501]2 years ago
4 0

Answer:

At the end of the period, account receivable balance shall be $20,000

Explanation:

Account receivable is an account to register credit sale. It is an asset account and is increased with a debit entry.

In this example, opening balance is $12,000.

Credit sale for the month                    $30,000

less collections received                    $22,000

        Closing  Balance                    : $20,000

You might be interested in
Berry, the seller, wants Paul, the broker, to change from a single agency relationship to a transaction broker. Paul agrees to d
Scorpion4ik [409]

Answer:

Before the listing agreement is signed.

Explanation:

A listing agreement is a contract between a property owner and a real estate broker asking the real estate broker to get a buyer for his or her property. The property owner implements the listing agreement so as to empower the real estate broker to act in the capacity of the agent to the owner in the course of trying to sell the property. Generally certain commission is paid to the real estate broker by the property owner.

8 0
3 years ago
The most effective form of business organization for raising capital is the a. sole proprietorship. b. syndicate. c. joint ventu
Sergio039 [100]

Answer: option E -Corporation

Explanation:

Corporation is the most effective form of business organization for raising capital

6 0
3 years ago
Why does minimum wage exist?
exis [7]
If minimum wage didn't exist, then there would be nothing stopping  companies from paying there workers basically nothing. They could grossly underpay all workers and not get in trouble for it.
7 0
3 years ago
Read 2 more answers
"Keeping track of securities owners for payment of interest or dividends is usually done by the company's"1. Treasure2. Broker3.
Vilka [71]

Answer:

The correct answer is 3

Explanation:

Transfer agent is the one who plays an important or vital role among the investor and the registrar of the company or business. They are those who closely maintain the account balances of the investor and make sure that the shareholders receive the dividends payment in the timely way.

So, the transfer agents of the company, keep or maintain the track of the securities owners for the payment of dividends or interest.

8 0
3 years ago
Horton Industries’ shareholders’ equity included 140 million shares of $1 par common stock and a balance in paid-in capital - ex
kiruha [24]

Answer:

The total paid-in capital declines by $17 million

Explanation:

The necessary entries to record the repurchase of shares  are as follows:

Dr Common stock      $1*2,000,000    $2,000,000

Dr Paid-in capital in excess of par

1120*140*2000,0000                             $ 16,000,000

Cr Cash  $7*2000,000                                                        $14,000,000

Cr Share repurchase(balancing figure)                                $4,000,000

Invariably, the paid-in capital declines by the difference the total of common stock and paid-in capital in excess of par ($2m+$16m) and the share repurchase,hence the it declines by $17 million

4 0
3 years ago
Other questions:
  • When the cost of the cpi market basket increases from one year to the next we know that?
    5·1 answer
  • Thomson Trucking has $12 billion in assets, and its tax rate is 25%. Its basic earning power (BEP) ratio is 18%, and its return
    9·1 answer
  • Generally Accepted Accounting Principles are a. theories that are based on physical laws of the universe. b. principles that hav
    15·1 answer
  • What is true of the product combination that satisfies allocative efficiency? Select all that apply: a. It is the combination of
    13·1 answer
  • If there is a surplus in the market for loanable funds, the resulting change in the real interest rate a. raises the quantity of
    10·1 answer
  • You are analyzing a stock that has a beta of 1.25. The​ risk-free rate is 3.7 % and you estimate the market risk premium to be 5
    14·1 answer
  • This individual worked to determine a "fair day’s work," or what an average worker could produce at a reasonable pace. This indi
    8·2 answers
  • Difference between administrative manpower and technical manpower​
    6·2 answers
  • Information technology unit test
    12·1 answer
  • As a manager, if you wanted to influence what employees do in situations lacking clear company rules or expectations, what shoul
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!