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
Naddik [55]
3 years ago
14

Account Title Debit Credit

Business
1 answer:
Ludmilka [50]3 years ago
3 0

Answer:

Explanation:

In the classified balance sheet, we summarize the asset and liabilities into various types

Like assets are divided into fixed assets, current assets, and intangible assets.

Likewise, liabilities are also divided into current liabilities, long term liabilities

In every balance sheet, the accounting equation is used that means

Total assets = Total liabilities + Shareholder equity

Before preparing we have to compute the net income and the ending retained earning balance which is shown below:

Net income = Trucking fees earned - truck Depreciation expense - Salaries expense - Office supplies expense - trucks Repairs expense

= $124,000 - $26,574 - $52,528 - $20,000 - $9,632

= $15,266

And, the ending retained earning balance = Beginning balance of retained earnings + net income - dividend paid

= $128,194 + $15,266 - $22,000

= $121,460

The preparation of the classified balance sheet for Wilson Trucking company on December 31, 2013 is presented in the spreadsheet. Kindly find the attachment below:

You might be interested in
Which of the following cooking methods would produce food with a smoky, slightly charred flavor? A. Saut ing B. Grilling C. Roas
netineya [11]

Answer:

B

Explanation:

Grilling is the cooking method that would produce food with a smoky, slightly charred flavor.

8 0
3 years ago
What does it mean for a marketer to use an integrated promotional strategy?
Damm [24]
I feel like it is either A or B
6 0
2 years ago
Read 2 more answers
Dan has a personal umbrella policy with a $1 million limit. The self-insured retention is $250. Dan has a homeowners policy with
alekssr [168]

Answer:

The personal umbrella policy is excess liability insurance that provides protection against legal liability that is over and above that provided by auto, home, and boat insurance. People with significant assets need an umbrella liability policy to cover lawsuits that can sometimes amount to millions of dollars.

The umbrella policy also has broad coverage that covers some claims that wouldn't be covered at all by home and auto insurance, such as personal injury lawsuits arising from false arrest, slander and libel, or rental units that the insured may own. Not only is the cost of direct damages covered, but also the cost of consequential damages, such as the lost income suffered by a severely injured person because of the injuries. The personal umbrella policy also pays for the legal defense of lawsuits that is in addition to the policy limit for damages. So if you are sued and held liable for $1 million, and your legal costs are $200,000, then a policy providing $1 million of coverage will pay the full claim plus the $200,000 for legal costs.

Explanation:

5 0
3 years ago
In reviewing the agreement between AdCreate and Anchor Motors, Jacob Stein found that sales ofAnchor rose 2.8% compared to the p
kakasveta [241]

Answer:

AdCreate billed Anchor Motors $529,412 for the third quarter in 2010

Explanation:

The advertizing company usually takes a 15% commision

Which means from the total amount billed to customer 15% ar commision which means:

money paid to media + 15% comission of the billed amount= total amount billed

450,000 + 0.15X = X

Now, we try to solve for X and get the amount billed to anchor motors.

X = 450,000/.85 =<em> 529.411,76</em>

8 0
3 years ago
Task _____ refers to the amount of information that must be processed to understand the task, the degree of uncertainty about po
Leviafan [203]
The answer is "complexity"
6 0
3 years ago
Other questions:
  • N the models that describe population growth, r stands for _____
    15·1 answer
  • LaMont works for a company in downtown Chicago. The firm encourages employees to use public transportation (to save the environm
    14·1 answer
  • 1. NPVs, IRRs, and MIRRs for Independent Projects
    14·1 answer
  • Specify the types of country risks that biopharmaceutical firms face in international business. How do the political and legal s
    5·1 answer
  • The value of the mutual fund's portfolio minus the mutual fund's liabilities divided by the number of shares outstanding is call
    10·1 answer
  • There are two ways to calculate the expected return of a​ portfolio: Either calculate the expected return using the value and di
    14·1 answer
  • Bad Brad's BBQ had cash flows for the year as follows ($ in millions): CASH RECEIVED FROM: Customers $ 3,100 Interest on investm
    12·1 answer
  • Na frase, "Você fez o que eu pedi pra você fazer, Zero?" Identifique um verbo no pretérito perfeito e faça sua conjugação abaixo
    5·1 answer
  • Please help im on a timer
    7·1 answer
  • Turn company utilizes the lifo inventory method to calculate taxable income. which method is available to turn for financial rep
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!