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3 years ago

Please help!!!

2 answers:

8 0

16. The right-hand side of the balance sheet should include entries for B. both the liabilities and the owner's equity. This side is the credit side. The left-hand side is the debit side. It is composed of the assets only.

17. The descriptive entry under the owner’s equity should appear as C. Tom Cotton, Capital.

18. A single ruled line should be drawn on the column line above the amount for total assets, total liabilities, and owner’s equity EXCEPT for C. Total Liabilities and Owner’s Equity.

19. A double-ruled line should be drawn under the amount for B. both total assets and total liabilities and owner’s equity. <span>
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Pepsi [2]3 years ago

6 0

Answer:

16. B

17. C

18. A

19. B

Explanation:

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Adriana Graphic Design receives $1,500 from a client billed in a previous month for services provided. What general journal entr

mario62 [17]

Answer:

Dr Cash $1,500

Cr Account Receivable $1,500

Explanation:

Based on the information given we were told that Adriana receives the amount of $1,500 from a client that was billed in a previous month for services provided which therefore means that the appropriate general journal entries that Adriana Graphic Design will make to record this transaction is:

Dr Cash $1,500

Cr Account Receivable $1,500

4 0

3 years ago

Tammy, a resident of Virginia, is considering whether to purchase a $100, 000 North Carolina bond that yields 4.6% before tax. S

Degger [83]

Answer:

A. Virginia Bond: $4,500

North Carolina Bond: $4,451

B. Virginia Bond

Explanation:

A. Calculation to Determine the after tax income for Virginia Bond

Using this formula

After tax income for Virginia Bond=Face value*Virginia bonds of comparable risk

Let plug in the formula

After tax income for Virginia Bond=$100,000*4.5%

After tax income for Virginia Bond=$4,500

Calculation to Determine the after tax income for North Carolina Bond

Interest income before tax $4,600

(100,000*4.60)

Less State marginal tax ($230)

(5%*$4,600)

Interest income net of state tax $4,370

($4,600-$230)

Add Federal marginal tax $81

(35%*230)

After tax income for Noth Caroline Bond $4,451

Therefore the the after tax income from each bond will be:

Virginia Bond: $4,500

North Carolina Bond: $4,451

B. Based on the above calculation the options that will provide the greater after-tax return to Tammy will be VIRGINIA BOND reason be that it has high After tax income of the amount of $4,500 compare to Noth Caroline Bond which has After tax income of the amount of $4,451.

8 0

3 years ago

NewTech purchases computer equipment for $267,000 to use in operating activities for the next four years. It estimates the equip

nordsb [41]

Answer:

Explanation:

Giving the following information:

NewTech purchases computer equipment for $267,000 to use in operating activities for the next four years. It estimates the equipment’s salvage value at $25,000.

Depreciable value= 267,000 - 25,000= 242,000

Year 1:

Beginning book value= 267,000

Depreciation= (267,000/4)*2= 133,500

Ending book value= 133,500

Year 2:

Beginning book value= 133,500

Depreciation= (133,500/4)*2= 66,750

Ending book value= 66,750

Year 3:

Beginning book value= 66,750

Depreciation= (66,750/4)*2= 33,375

Ending book value= 33,375

Year 4:

Beginning book value= 33,375

Depreciation= (33,375/4)*2= 16,688

Ending book value= 16,688

3 0

3 years ago

What is the basis for a decision on an unsecured loan?

slava [35]

The answer is possibly b

4 0

3 years ago

Read 2 more answers

Developers of 25 or more lots must provide buyers with which document before signing the sale contract?

Marianna [84]

The answer is found on the Interstate Land Sales Full Disclosure Act in its first component which is the anti-fraud provision. Developers of 25 or more lots must arrange for each purchaser with a disclosure document referred to as a property report. The property report covers appropriate information about the real estate and must be delivered to each purchaser before the signing of the contract. Purchasers who received the property report earlier to signing the contract may withdraw the contract within seven days. Purchasers who did not receive the property report before signing the contract may cancel the contract any time within two years from the date of signing. The sale and purchase contract must clearly state the purchaser's right(s) to cancel.

5 0

4 years ago