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Pavlova-9 [17]
3 years ago
13

Analyzing and Reporting Financial Statement Effects of Transactions M.E. Carter launched Carter Company, a professional services

firm on March 1. The firm will prepare financial statements at each month-end. In March (its first month), Carter executed the following transactions. Enter the transactions, a through g, into the financial statement effects template below. a. Carter (owner) invested in the company $200,000 cash and $40,000 in property and equipment. The company issued common stock to Carter. b. The company paid $6,400 cash for rent of office furnishings and facilities for March. c. The company performed services for clients and immediately received $8,000 cash earned. d. The company performed services for clients and sent a bill for $48,000 with payment due within 60 days. e. The company compensated an office employee with $9,600 cash as salary for March. f. The company received $20,000 cash as partial payment on the amount owed from clients in transaction d. g. The company paid $1,870 cash in dividends to Carter (owner).

Business
1 answer:
valentinak56 [21]3 years ago
7 0

Answer:

See explanation section

Explanation:

See the image below to get the answer:

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he table gives the demand and supply schedules for boat rides. If the demand of boat rides increases by 40 rides a​ day, the pri
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Answer:The price will also increase

Explanation:According to the law of demand and supply, demand has a positive relationship with price, which means the higher the demand, the higher the price of the same commodity

6 0
3 years ago
During the months of January and February, Solitare Corporation sold goods to two customers. The sequence of events was as follo
Daniel [21]

Answer:

The total revenue Solitare would report over the two months is $99 with a gross loss of $11.74

Explanation:

Particulars                                                  Amount ($)

Sales (January & February)

- Wizard Inc                                                     $50

- Spyder Corp                                                 $50

Less: Discount allowed to Wizard Inc           <u>$1       </u>    ($50 * 2%)

Net Sales                                                         $99

Less: Cost of goods sold (60.6+50.14)          <u>$110.74</u>

Gross Loss                                                       <u>$11.74</u>

8 0
2 years ago
Which energy source accounts for nearly 7% of global energy consumption, making it the leading fossil fuel alternative
liberstina [14]

The energy source account that accounts for around 7% of energy consumption is <u>hydropower</u>.

<h3>Which energy source accounts for 7% of consumption?</h3>

Hydropower is a renewable energy source that accounts for around 7% of global energy consumption in various nations around the globe.

This means that compared to fossil fuels, it is the best alternative to replace them as a renewable energy source.

Find out more on alternative energy consumption at brainly.com/question/368146.

4 0
2 years ago
On February 1, 2020, Bonita Industries purchased a parcel of land as a factory site for $328000. An old building on the property
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I think is b I hope this helps
3 0
3 years ago
Ontario has provided the following year-end balances: Cash, $24,000 Patents, $7,900 Accounts receivable, $9,100 Property, plant,
nignag [31]

Answer:

$110,400

Explanation:

The computation of the net non-current assets is shown below:

= Patent + Property, plant, and equipment - accumulated depreciation + trade marks + goodwill

= $7,900 + $98,900 - $20,000 + $13,600 + $10,000

= $110,400

5 0
3 years ago
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