C. It is sometimes difficult for partners to agree on every business decision.
Answer:
DEBIT SIDE $1,450,000
CREDIT SIDE $1,450,000
Explanation:
Preparation of a corrected unadjusted trial balance.
DEBIT SIDE
Cash $42,900
Accounts Receivable $123,500
Prepaid Insurance $27,000
Equipment $300,000
Dividends $5,000
Salary Expense $660,000
Advertising Expense $275,000
Miscellaneous Expense: $16,600
TOTAL $1,450,000
CREDIT SIDE
Accounts Payable $52,000
Salaries Payable $4,800
Common Stock $40,000
Retained Earnings $137,200
Service Revenue $1,216,000
TOTAL $1,450,000
Therefore the corrected unadjusted trial balance will have a debit and credit balance of $1,450,000
<span>It is the value of the gold that backs the value of representative money.</span>
Answer:
Given
Fund Amount P=20000
Payment each month A=1000
Interest rate per month r=6%/12=0.5%
Let B is balloon payment and N is the total number of Payment
so P=A*(1-(1+r)^-(N-1))/r + B/(1+r)^N
20000=1000*(1-(1+0.5%)^(N-1))/0.5% + B/(1+0.5%)^N
By using the trial and error method we find that N=21
So B/(1+0.5%)^21=1012.53
B=1124.39
