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3 years ago

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:

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Zhang Industries is preparing a cash budget for June. The company has $29,500 cash at the beginning of June and anticipates $98,

PtichkaEL [24]

Answer:

Amount to be borrowed $18,040

Explanation:

The computation of the amount that should be borrowed is given below:

Opening cash balance $29,500

Add Cash Receipts $98,000

Less Cash Disbursements -$122,540

Balance before adjustment $4,960

Desired ending cash balance $23,000

Amount to be borrowed $18,040

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3 years ago

Crosby contracts with Subban whereby Crosby agrees to sweep Subban retail shop at the end of each work day. Before the first pay

Alchen [17]

Crosby signs a contract with Subban and agrees to meet at Subban's business at the conclusion of each work day, before the first payment is due, and then files a lawsuit against Subban, claiming that the license is unenforceable because the license's objective is to protect the public.

<h3>What is contract?</h3>

A contract is the legal agreement between the two parties. It contains all the essentials of section 10. On the breach of such contract, the party who break the contract will be punishable under the act.

Crosby and Subban have a contract in which Crosby agrees to sweep Subban's retail store at the end of each work day. Subban discovers Crosby is unlicensed before the first payment is due.

All retail floor sweepers in Florida are required to be certified and pay annual dues.

As a result, Subban does not compensate Crosby for his efforts. When Crosby s pursues a breach of contract complaint against Subban to court, the judge will conclude the contract is invalid since the purpose of the license is to protect the public.

Therefore, the contract is unenforceable.

Learn more about the contract, refer to:

brainly.com/question/2669219

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2 years ago

Assume Uber planned to cut losses by 40 percent by withdrawing from countries like China and Singapore. A year has now passed si

yKpoI14uk [10]

Answer: The correct answer is "d. control the direction".

Explanation: Uber need to control the direction because:

a. make the plan - The plan has already been drawn up, is to withdraw from China and Singapore.

b. make the goal - The objective was not met because, despite having executed the plan, there are still losses.

c. define objectives - The objectives have already been defined and is to reduce losses.

d. control the direction - The executed plan is not fulfilling the objectives therefore it is necessary to control the direction of it.

e. carry out the plan - The plan has already been carried out, a year has passed and there are still losses.

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3 years ago

Read 2 more answers

Which activity relates to judging the seriousness or gravity of a given problem?

lana [24]

Answer: Evaluation

Explanation:

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2 years ago

1. Which of the following is an example of a SOCIAL influence on consumers

AveGali [126]

Answer:

reference groups

Explanation:

Reference groups are considered a social influence in consumer purchasing. They are often groups that consumers will look to to make purchasing decisions. So if a reference group endorses a product, either through use or statements about the product, those that look to the group will often purchase that product.

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3 years ago