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Monica [59]
3 years ago
5

The following information is available from the adjusted trial balance of the Harris Vacation Rental Agency. After closing entri

es are posted, what will be the balance in the Retained earnings account? Total revenues $ 145,000 Total expenses 69,600 Retained earnings 92,800 Dividends 17,400
Business
1 answer:
Ilia_Sergeevich [38]3 years ago
6 0

$150,800  will be the balance in the Retained earnings account.

Solution:

All the provisional accounts will be closed throughout the closing process at the conclusion of the accounting cycle. A trial balance is available after completion to test that the final debits are the same as total credits.

Formula to calculate retained earnings:

Beginning balance retained earnings + Revenues - Expenses - Dividends

$92,800 + $145,000 - $69,600 - $17,400 = $150,800

Revenue is the sum obtained from the sale to buyers of goods and services. During the operation, expenses are costs associated. Dividends shall be paid to their owners out of a corporate profit. The deferred benefit is the income earned throughout the company's lifespan.

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1. A credit card lets you borrow money (up to the given credit limit) and pay it back as and when due. When you make a purchase, the amount will be deducted from your credit limit and when you pay it back, the payment will be added back to your credit limit.

Explanation:

8 0
2 years ago
How should you respond to this annoying snafu? a.Write a forceful direct e-mail berating Haley Wholesale for its mistake to try
fenix001 [56]
<h2>Write a direct e-mail to Mr. Kroll requesting that the company re-ship the blinds in white</h2>

Explanation:

The situation here is the expectation of the delivery is white blinds but they have delivered black blinds.

When an unexpected event occurs during the delivery of the product, it is always recommended to write an e-mail. E-mail is a written accepted document and it will reach directly to the right person and the problem is likely to get solved immediately.

There is no point in asking discount or sending back the black blinds. Mistakes might happen during the package and delivery and it should be handled with care so that we get the right product.and it will reach directly to the right person and the problem is likely to get solved immediately.

There is no point in asking discount or sending back the black blinds. Mistakes might happen during the package and delivery and it should be handled with care so that we get the right product.

7 0
3 years ago
At InfraTrust Securities Inc, CEO William Klug refused to admit mistakes. Even though InfraTrust teetered on the brink of collap
guajiro [1.7K]

Answer: (A) Courage means accepting responsibility

Explanation:

 The courage is one of the ability of the person which means accepting the given duties or the responsibilities by coming out from the comfort zones in an organization. The following are the main factors that demonstrating the courageous moment in an organization are as follows:

  • Taking the initiative
  • Always suggesting other some better ways
  • Courage to say NO for some unwanted works  

According to the given question, the Infra Trust securities INC, is refusing to accepting their mistakes and and also refuse to shift and then the organization become bankrupt. Therefore, The given example showing about the Courage means accepting responsibility.  

   Therefore, Option (A) is correct answer.

8 0
3 years ago
Sylvia's Housecleaning Service provides housecleaning services to its clients. The company uses an activity-based costing system
nataly862011 [7]
The answer is c , assume compan used traditional costing stystem
5 0
3 years ago
Metaline Corp. uses the weighted average method for inventory costs and had the following information available for the year. Th
sweet-ann [11.9K]

Answer:

Results are below.

Explanation:

<u>The weighted average method blends the costs and units of the previous period with the costs and units of the current period.</u>

Units completed in the period + Equivalent units in ending inventory WIP (units*%completion) = Equivalent units of production

Units completed= (3,200 + 200) - 400= 3,000

Equivalent units of production= 3,000 + 400*0.8

Equivalent units of production= 3,320 units

4 0
3 years ago
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