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
attashe74 [19]
3 years ago
8

From the ledger balances below, prepare a trial balance for Cullumber Company at June 30, 2017. All account balances are normal.

Accounts Payable $8,750, Cash $8,000, Common Stock $22,800, Dividends $2,550, Equipment $18,050, Service Revenue $7,750, Accounts Receivable $4,750, Salaries and Wages Expense $3,200, Rent Expense $2,750.
Business
1 answer:
V125BC [204]3 years ago
7 0

Explanation:

The preparation of the trial balance is presented below:

                                       Cullumber Company

                                           June 30, 2017

                                              Trial Balance  

Particulars                                   Debit                                      Credit  

Service revenue                                                                         $7,750

Cash                                           $8,000

Accounts Payable                                                                       $8,750

Common stock                                                                            $22,800

Dividend                                      $2,550                                                

Equipment                                   $18,050

Rent  expense                             $2,750

Salaries and wages expense      $3,200

Accounts receivable                   $4,750

Total                                             $39,300                                  $39,300

You might be interested in
Being intellectually alert helps leaders exert influence through logical persuasion. Formal ______ helps a person develop logica
Vera_Pavlovna [14]

Answer:

a. Education

b. Experience

c. Mentoring

Explanation:

a. Formal education is defines as a method of formal and organized learning. This is the education provided to the students by qualified teachers at a certain level. To ensure standardization of formal learning for all institutions of learning for example schools, colleges, universities, etc.

So, Formal education helps a person to develop logical skills.

b. Experience is awareness or ability that you have acquired in a specific job or activity because you have already done the job or activity.

According to the given situation, experience helps a person develop skills and knowledge he or she would not have otherwise.

c. A mentor helps a person learn the skills to achieve his or her destination. or we can say that the "mentor" is an experienced person who shares information, expertise, and guidance with a less experienced person.

So, according to the given situation Manager is coached to Shawn to develop skills so that manager can boost Shawn career. Shawn's Manager is engaged in Mentoring.

6 0
3 years ago
A pesticide manufacturer has moved its production facility to a foreign country where it is free to dump pollutants into the loc
Lemur [1.5K]

By doing so, the company is contributing to the global tragedy of the commons.

Tragedy of the Commons is an unhappiness resulting from the cruelty of working for something. The tragedy of Shared Ownership arises when every human being tries to take natural resources that are common property for his personal interests to the detriment of other living beings.

The view that causes the Tragedy of Shared Ownership is the desire to gain a lot of profit for personal gain rather than distributing it to other humans and each getting a small share. This view will initially feel beneficial for those who use a lot of natural resources, but in the end the availability of natural resources will run out and actually have a negative impact on those who use them and for other humans. To prevent this, it takes a willingness to sacrifice by getting a little, but it will have a positive impact on the sustainability of the natural resources used.

You can learn more about Tragedy of the Commons here brainly.com/question/9680058

#SPJ4

6 0
1 year ago
The first three steps of the strategic management process involve ________ strategies.
Lina20 [59]

The first three steps of the strategic management process involve <u>planning</u> strategies.

Strategic planning is a system in which an agency's leaders outline their imaginative and prescient destiny and become aware of their agency's desires and goals. The method consists of setting up the sequence in which the goals should be realized in order that the business enterprise can reach its stated vision.

Inside making plans, there are 4 important categories: strategic, tactical, operational, and contingency planning. Strategic planning is a manner that groups use to determine their dreams and targets.

Strategic planning is an agency's procedure of defining its approach or direction and making selections on allocating its assets to achieve strategic goals. it is able to also extend to govern mechanisms for guiding the implementation of the strategy.

Learn  more about planning strategies here brainly.com/question/17924318

#SPJ4

3 0
2 years ago
What is wrong with the following outline?
sattari [20]

Answer:

there are not enough subpoints for each main point

7 0
2 years ago
State for each account whether it is likely to have (a) debit entries only, (b) credit entries only, or (c) both debit and credi
Leya [2.2K]

Answer:

No. Account Type                                                 Likely account entries

1. Fees Earned , normal balance is credit          (b) Credit entries only

2. Utilities Expense , normal balance is debit     (a) Debit entries only

3. Accounts Payable , normal balance is credit  (c) both debit and credit entries

4. Supplies , normal balance is debit                  (c) both debit and credit entries

5. Cash , normal balance is debit                       (c) both debit and credit entries

6. Accounts Receivable , normal balance is debit (c) both debit and credit entries

Explanation:

Accounts that normally have debit entries include assets (both long-term and current), expenses, and losses.  Accounts that normally have credit entries are liabilities, equity, revenue, income or gains.  Most accounts have debit and credit entries before their normal balances are indicated. The accounts with debit entries are mainly expenses and losses, while revenues and income have mainly credit entries.

6 0
3 years ago
Other questions:
  • The Engine Division provides diesel engines for the Motor Home Division of a company. The standard unit costs for Engine Divisio
    13·1 answer
  • Prepaid items on financial statements
    13·1 answer
  • Shannon signs a contract with tevin, an unlicensed contractor, to build a deck and gazebo at the rear of her house. this contrac
    7·1 answer
  • g The "monetary base" is simply: a. the total of all currency in circulation, outside banks b. the total vault cash held among a
    6·1 answer
  • Suppose that a negative externality is created by the production of good X. Which of the following statements is correct?
    11·1 answer
  • The annual percentage rate on a credit card determines _______.
    15·1 answer
  • If a company from Country A decides to sell merchandise to a company from Country B, then the company from Country A ________.
    10·1 answer
  • A journal entry includes a debit to Salaries and Wages Expense of $5,000; a debit to Salaries and Wages Payable of $3,000; and a
    10·1 answer
  • Bell Company, a manufacturer of audio systems, started its production in October 2017. For the preceding 3 years, Bell had been
    13·1 answer
  • Condensed financial data of Monty Company for 2020 and 2019 are presented below.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!