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Sliva [168]
3 years ago
9

The trial balance of Barger Company at the end of the accounting period, immediately prior to recording closing entries, showed

the following: Debit credit Cash 16,000 Land 30,000 Notes payable 19,400 Common stock 9,000 Retained earnings 14,000 Service revenue 43,000 Expenses 38,400 Dividends 1,000 Total $ 85,400 $ 85,400 What will the balance of the retained earnings account be after the closing entries are recorded
Business
1 answer:
sesenic [268]3 years ago
8 0

Answer:

The balance of the retained earnings account after the closing entries are recorded will be $17,600

Explanation:

Net income of Barger Company = Service revenue - Expenses = $43,000 - $38,400 = $4,600

The balance of the retained earnings account after the closing entries are recorded = The balance of the retained earnings account before the closing entries are recorded + Net income - Dividends  = $14,000 + $4,600 - $1,000 = $17,600

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TuckIn, a restaurant chain, has hired a market research company to help it better understand its customers and their preferences
ludmilkaskok [199]

Answer:

B. The results are objective.

Explanation:

Thei return with the information that customer demand for quality in their dinner weren't met.

When the customer order something it is a plate it likes therefore, it should not return the order. If it does then, the restaurant is not doing a good job in the quality department.

It should check now for either decrease in their quality or adapt into the customers preference change

5 0
3 years ago
Read 2 more answers
has gathered the following data on a proposed investment project (Ignore income taxes.): Investment required in equipment $ 36,5
solmaris [256]

Answer:

16.89%

Explanation:

As per the given question the solution of simple rate of return for the investment is provided below:-

we need to first find out the accounting profit and depreciation

where

Accounting Profit = Annual Cash Inflow - Depreciation

and

Depreciation =  Investment required in equipment ÷ Life of investment

= $36,500 ÷ 15

= $2,433.33

now we will put the value by using the accounting profit formula.

= $8,600 - $2,433.33

= $6,166.67

So,

Simple Rate of Return = Accounting Profit ÷ Initial Investment

= $6,166.67 ÷ $36,500

= 16.89%

4 0
3 years ago
Does anyone know how much baby bows/hat cost?
zhuklara [117]
It depends on size and brand they can very from 3.99-30.00
5 0
3 years ago
Three primary ledgers used in double-entry bookkeeping?
Galina-37 [17]

Answer:

General ledger

The chart of accounts

Journals

Explanation:

The general ledger contains all the transactions carried out and registered by the company.

The chart of accounts is lists and codes all the accounts that are used by the by the company, e.g. cash might be account 101.

The journal entries are the individual entries recorded in the general ledger or any other specific ledger.

7 0
2 years ago
An informal tool used to organize the accounting information needed to prepare adjusting and closing entries and the financial s
Anton [14]

Accountants usually organize the accounting information on a <u>worksheet </u>when they prepare adjusting and closing entries and the financial statements.

<h3>What is a worksheet?</h3>

A worksheet is a piece of paper used for performing tasks. It can also refer to an Excel sheet. Thus, a worksheet simply means a working paper.

Thus, the informal tool that can be used to organize the accounting information for the preparation of adjusting and closing entries and the financial statements is <u>a worksheet</u>.

Learn more about the worksheet at brainly.com/question/11892503

6 0
2 years ago
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