Answer:
$133,100
Explanation:
Given that,
Finished goods inventory, April 1 = $33,400
Finished goods inventory, April 30 = $27,300
Total cost of goods manufactured = $127,000
Cost of goods sold:
= Cost of goods manufactured + Beginning Finished goods inventory - Ending Finished goods inventory
= $127,000 + $33,400 - $27,300
= $133,100
Therefore, the cost of goods sold for April is $133,100.
Answer: 4 dozen cookies and 1 peach tart
Explanation:
Whitney can make:
4 dozen cookies or 2 peach tarts in 2 hours
Amy can make:
7 dozen cookies or 1 peach tart in 2 hours
Here, we assume that there is only 2 hours of production
Cookies:
If Whitney specialize in cookies and there is no production of tart but only the production of cookies by Whitney, then,
Total production of cookies = 4 dozen cookies
Tart:
If Amy specialize in peach tart and there is no production of cookies but only the production of peach tart by Amy, then,
Total production of peach tart = 1 peach tart
Answer:
The answer is (A) Expenses for the year exceeded revenues.
Explanation:
If retained earnings decreased during the year, and no dividends were paid this would mean the company would have made a loss in the financial period. A loss occurs when expenses for the year exceed revenues.
Answer: Note receivable collected by bank in favor of the depositor and credited to the account of the depositor
Explanation:
A bank reconciliation is when the records for a cash account of an entity are been matched to the corresponding information that are provided on a bank statement.
When preparing a bank reconciliation which ends with adjusted cash balance, the note receivable collected by bank in favor of the depositor and credited to the account of the depositor must be added to the cash balance per ledger.
