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
melisa1 [442]
3 years ago
10

The Blumer Company entered into the following transactions during 2012: 1. The company was started with $22,000 of common stock

issued to investors for cash. 2. On July 1, the company purchased land that cost $15,500 cash. 3. There were $700 of supplies purchased on account. 4. Sales on account amounted to $9,500. 5. Cash collections of receivables were $5,500. 6. On October 1, 2012, the company paid $3,600 in advance for a 12-month insurance policy that became effective on October 1. 7. Supplies on hand as of December 31, 2010 amounted to $225. The adjusting entry necessary to record the supplies expense would result in a: $700 increase in assets and liabilities. $700 decrease in assets and equity. $475 decrease in assets and equity. $475 increase in assets and liabilities. The amount of insurance expense reported on the income statement for 2012 would be: $900. $2,400. $300. $600. The amount of cash flow from operating activities would be: $1,900. $8,400. $3,100. $5,400. The amount of total liabilities appearing on the December 31, 2012 balance sheet would be: $3,600. $4,000. $475. $700.
Business
1 answer:
ahrayia [7]3 years ago
8 0
Where is the question?
You might be interested in
True or False: Stress is always present.
DIA [1.3K]
I would say false. Stress isn't always 100% there, but I'll not sugarcoat it: There is a LOT of stress when it comes to running a business, especially a small one. I would know, because my mother runs one, and she is almost constantly stressed out. Let it be deadlines, or taxes, or her employee didn't come in that morning, there is much stress. But again- it's NOT always there. It's extremely rare, but sometimes you are actually stress free. 

I hope this helped! Please take the time to rate, pick the Brainliest answer (not necessarily mine!), and thank me if you feel I helped with this question! Thank you, it helps me a lot. :) 
4 0
3 years ago
Read 2 more answers
Assume that $1 million is deposited into a bank with a reserve requirement of 15 percent. The value of the money multiplier is 6
Kryger [21]

Answer:

maximum change in money supply is $6.67 million

Explanation:

given data

deposit = $1 million

reserve requirement = 15%

money multiplier = 6.67

to find out

maximum change in money supply

solution

we know here money multiplier is given =  6.67

so maximum change in money will be

maximum change = deposit × money multiplier

put here value

maximum change = $1 million × 6.67

maximum change = $6.67 million

so maximum change in money supply is $6.67 million

6 0
3 years ago
True or false: All employees make an impact on a business.
maxonik [38]

Answer:

true; all employees make either a positive or negative impact on a business

Explanation:

3 0
2 years ago
The definition of a partnership does not include :
Trava [24]

Answer:D. All the above are included

Explanation:

All the above are plural terms which connotes partnership.

3 0
3 years ago
The top ten arms-exporting companies give millions to
Lynna [10]
<span>The top ten arms exporting countries in 2016 were, in order: USA; Russia; Germany; France; China; UK; Israel; Italy; South Korea; Ukraine. These ten countries account for around 90% of the total arms trade, which amounts to some $31 billion. The amounts involved obviously give millions upon millions of dollars to international arms dealers, both legitimate and perhaps less so.</span>
7 0
3 years ago
Other questions:
  • Raphael and Martina are engaged and are planning to travel to Las Vegas during the 2019 Christmas season and get married around
    14·1 answer
  • An effective Financial Management Process is dependent on a number of factors. Crucial is the establishment of a sound system of
    5·1 answer
  • Heavy Metal Corporation is expected to generate the following free cash flows over the next five years.
    11·1 answer
  • On April 30, 2015, Zono Electronics, Inc. made a payment of $3,500 to Imperial Distributors, a supplier. Choose the statement th
    13·1 answer
  • When prioritizing goals, how should you order them? by cost in alphabetical order by how long they take to achieve in order of i
    11·1 answer
  • What three colors are used to create the color white on a tv or computer screen?
    5·2 answers
  • Which of these is a group of producers working together to raise prices and
    9·1 answer
  • Critically discuss SIX causes of differences in accounting practices used in different countries.
    14·1 answer
  • Sourcing goods and services from locations around the globe is known as __________.
    6·1 answer
  • Hàm số cầu của tảo hàng năm có dạng: Qd = 10 – P/2. Mùa thu hoạch năm trước là 8 ngàn tấn. Năm nay, thời tiết không thuận lợi nê
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!