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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:

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Answer:

Follows are the solution to this question:

Explanation:

In point A-1:

Calculating the value of Incremental sales after tax:  

Further revenues= $414,000  

Recognize(Less)=Costs

Debt worth =$33,120  

Set Exp. = $17,400    

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Pre-sales tax =$48,840.  

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Incremental tax income =$31,746

In point A-2:

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In point A-3:

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In point B-1:

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In point B-2:    

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In point C-1:    

The incremental tax revenue estimate  

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Calculate profits for extra expenditure  

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