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
Shkiper50 [21]
3 years ago
11

Listed below are the ledger accounts for Borges Inc. at December 31, 2019. All accounts have normal balances. Service Revenue $2

3,230 Cash 12,850 Accounts Payable 2,825 Common Stock 15,000 Rent Expense 2,400 Dividends 1,500 Salaries Expense 4,300 Equipment 12,935 Accounts Receivable 5,700 Advertising Expense 1,370 Required: Prepare a trial balance for Borges at December 31, 2019. If an amount box does not require an entry, leave it blank.

Business
1 answer:
Tresset [83]3 years ago
3 0

Answer:

Explanation:

The  debit and credit balance of trial balance is shown below:

Debit balance =  Cash + Rent Expense + Dividends + Salaries Expense + Equipment + Accounts Receivable + Advertising Expense

= $12,850 + $2,400 + $1,500 + $4,300 + $12,935 + $5,700 + $1,370

= $41,055

And the credit balance = Service revenue + accounts payable + common stock

= $23,230 + $2,825 + $15,000

= $41,055

The preparation of the trial balance is given in the spreadsheet. Kindly find the attachment below:

You might be interested in
Differentiate between homogeneous mixtures and heterogeneous mixtures ​
vazorg [7]

Answer:

A homogeneous mixture is a solid, liquid or gaseous mixture that has the same proportions of its components throughout any given sample. Conversely, a heterogeneous mixture has components in which proportions vary throughout the sample.

3 0
3 years ago
Which of the following best describes the group development pattern known as punctuated equilibrium?
melisa1 [442]

Answer:

The answer is B: At the midpoint of the project, members realize that their behavior pattern must change in order to complete the project on time.

Explanation:

Punctuated equilibrium is a concept in both biology and business where long periods of relative stability are often followed by growth spurts.

The punctuated-equilibrium model argues that groups usually move forward during bursts of change after going for long periods without change.

In the answer B, this concept is captured as group members of a project realise somewhere at the midpoint, that their behavior pattern must change in order to complete the project on time.

This shows that a period of relative stability was observed and then a short period of growth will be observed during the project lifecycle. This agrees with the development pattern known as punctuated equilibrium.

4 0
3 years ago
Read 2 more answers
Convenience goods like Coke are available almost everywhere in the United States. Thus, Coke uses ______ distribution:
Doss [256]

Convenience products like Coke are available almost everywhere in the United States. Thus, Coke uses intensive distribution, which is related to the strategy of making the product available at many different retailers.

This is a marketing strategy widely used by companies that supply non-durable consumer goods, which are those that are consumed quickly, such as food, beverages and medications.

Therefore, non-durable goods such as Coke need to be replenished quickly, justifying the company's intensive distribution strategy, which makes its products easily available to consumers, increasing its profitability and positioning.

Learn more here:

brainly.com/question/3520708

7 0
2 years ago
Read Case Study 5:2 Gas or Grouse? in Chapter 5 of your textbook Business Ethics Concepts & Cases (8th Edition) by Manuel G.
wolverine [178]

Answer:

1-b

2-d

3-a

4-d

5-a

Explanation:

8 0
3 years ago
Durable ceramics, inc., provides inexpensive ceramic tile to builders of institutional buildings such as schools, prisons, and p
anzhelika [568]

Answer:

d. cost-less will go out of business, and durable will gain higher power over its customers.

Explanation:

Durable ceramics, inc will only reduce its prices if this is to its advantage. We live in a capitalist world where companies make decisions based on their own benefits. In this case, in order for Durable ceramics, inc to lower its prices and have no losses, it would expand its sales. In this way, Durable ceramics, inc would be able to capture customers from its competitors, and could make them go bankrupt.

Thus, we can conclude that if Durable ceramics, inc reduced its prices, Cost-Less would go out of business and Durable would gain greater power over its customers.

5 0
3 years ago
Other questions:
  • In a production possibilities​ frontier, a point inside the frontier is A. productively inefficient. B. productively and allocat
    6·1 answer
  • FDR is credited with increasing federal government in an attempt to relieve the Great Depression by A) overriding Congress and s
    11·2 answers
  • On December 27, 2019, the directors of Partridge Corporation, an accrual basis calendar year taxpayer, authorized a cash contrib
    10·1 answer
  • Suppose you value a special watch at $100. You purchase it for $75. On your way home from class one day, you lose the watch. The
    10·1 answer
  • You borrow $230,000 to buy a house. The mortgage rate is 4.5 percent and the loan period is 25 years. Payments are made monthly.
    12·2 answers
  • Alex has been charged with manslaughter and the charge is being reviewed by grand jurors. The grand jurors have determined that
    10·1 answer
  • One of the criticisms of average cost regulated pricing of a natural monopoly is that the firm Group of answer choices has no in
    14·1 answer
  • Once you graduate from a college or university, you have to pay a fee to take advantage of their career services. False True
    14·1 answer
  • Listed below are the transactions that affected the shareholders’ equity of Branch-Rickie Corporation during the period 2018–202
    7·1 answer
  • Economies of scale give an advantage to what type of company? A. A company with a small number of employees B. A company that ma
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!