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Pani-rosa [81]
3 years ago
13

Your company had the following transactions during the month of September:Received $500,000 in Cash from investors in exchange f

or stock in the company Paid $300,000 Cash for an Office Building Received $50,000 in cash from customers for services performed Paid $500 in cash to the utility company for the current months utility expense Provided $1,000 in services to a client who agreed to pay you next monthBelow is the T-Account for cash. Enter the appropriate amounts. If no entry is required for either the debit or credit enter 0. Do not enter decimals. Transaction 1 is done for you.
Business
1 answer:
skelet666 [1.2K]3 years ago
8 0

Answer:

T-Account for cash is made and all the required transaction is entered in the MS Excel file attached here, Please find that.

Entered the appropriate amounts.

If no entry is required for either the debit or credit entered 0

Did not entered decimals.

Explanation:

Download xlsx
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The main source of revenue for local governments is _____.
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Answer:

the main sources of revenue for local government is property taxes

3 0
3 years ago
The 2019 balance sheet of Dyrdek’s Skate Shop, Inc., showed $530,000 in the common stock account and $2.3 million in the additio
Tju [1.3M]

Answer:

$80,000

Explanation:

The  \ expression \  for \  calculating \  cash  \ flow  \ to  \ stockholders \ is:

Cashflow  \ = \  Dividend  \ paid  \ during \  the \  year  \ -  \ change  \ in  \ t he \  value  \ of \  common  \ stock  \ during \  -  \ change \ in \ value \  of \ stock \ in \ the  \ previous \  yearHere;

Change \  in \  value  \ of \  Common  \ stock \ during  \ the  \ year \ = \ Value \ of \  Common \ stock \  of  \ the  \ Curren t \ Year -  Value\  of  \ Common  \ stock  \ of  \ the \ Previous \  Year

Change   \ in  \ valu e \  of  \ Additional \  paid  \ in  \ surplus \  account \  during  \ the \  year =

Value  \ of  \ Additional \ paid  \ in \  surplus \ account \ o f \  the  \ Current \  Year \ - \ Value \  of \ Additional \  paid  \ in \ surplus \  account \  of \ th e \ Previous \  Year

From the information given:

Dividend \ Payment  \ during \  the \  year 2020 = $320000

Value \  of  \ stock \  in \  current  \ yr= i.e. 2020 = $570000

Value \ of \ stock \ in \ previoius \ yr = i.e. 2019 = $530000

Change = $570000 - $530000 = $40,000

Value  \ of \  Ad ditional \  paid-in  \ surplus   \  acct  \ of    \ the  \ current  \ year = $2,500,000

Value  \ of \  Ad ditional \  paid-in  \ surplus   \  acct  \ of    \ the  \ previous  \ year = $2,300,000

Change = $2,500,000 - $2,300,000  = $ 200000

∴

By  \ using \  the  \ above \  information \ in \  the \  formula  \ for  \ calculating  \ the  \ cash  \ flow \ to

\ stackholder, \  we \ get:

= $320000 - $40,000 - $ 200000

= $80,000

4 0
3 years ago
NextStep Global is a consultation firm that specializes in preparing businesses for international negotiations. What action is N
JulsSmile [24]

Answer:

Ensure a senior executive is present at business negotiations

Explanation:

The action action NextStep Global is likely to suggest in order to ensure influence at the headquarters is that a senior executive is made available at round-table negotiation discussion at the headquarters so as to bring the desired influence.

The rationale for this is that the set of people whose work station is the headquarters are senior people,hence would not be disposed with having discussions with just a mere employee who cannot be said to represent the company.

3 0
3 years ago
The company wants to end each month with ending finished goods inventory equal to 25% of the next month's sales. Finished goods
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Answer: 4,375 units

Explanation:

The budgeted production for July will be;

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In order to open a car wash, Aamina decides to obtain funds through debt financing. which if the following ways can she pursue t
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Answer:

d. through bonds

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8 0
3 years ago
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