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
Paraphin [41]
3 years ago
15

Larry Bar opened a frame shop and completed these transactions:1. Larry started the shop by investing $40,800 cash and equipment

valued at $18,800.2. Purchased $150 of office supplies on credit.3. Paid $2,000 cash for the receptionist's salary.4. Sold a custom frame service and collected a $5,300 cash on the sale.5. Completed framing services and billed the client $280.What was the balance of the cash account after these transactions were posted?
Business
1 answer:
natita [175]3 years ago
6 0

Answer:

$44,100

Explanation:

Larry Bar

Investment in Cash - Receptionist's salary+Sales of custom frame = Cash account balance

Investment in Cash $40,800

Paid $2,000 Receptionist's salary $2,000

Sales of custom frame $5,300

Hence:

$40,800-$2,000+$5,300

=$44,100

Cash account balance will be $44,100

You might be interested in
Suppose the current level of output is 5000. If the elasticities of output with respect to capital and labor are 0.3 and 0.7, re
Tamiku [17]

Answer:

5575

Explanation:

The computation is shown below;

<u>Factor      Elasticity          Increase        Effective Increase </u>

                      A                        B      A × B

Capital      0.3                                 10%      3.00%

Labor        0.7                                  5%       3.50%

Increase due to Productivity                      5.00%

Total Increase in Output                             11.50%

(3% + 3.5% + 5%)  

Original Output                                              5000

Increase in Output (5000 × 11.5%)                 575

Increase Output (5000 + 575)                      5575

3 0
3 years ago
Which of the following statements is false? A. Cash dividends should be recorded as a liability when they are declared by the bo
xenn [34]

Answer:

The answer is: B) FICA taxes withheld from employees' payroll checks should never be recorded as a liability since the employer will eventually remit the amounts withheld to the appropriate taxing authority.

Explanation:

FICA taxes (or payroll taxes) are based on an employee's salary. Both employees and employer pay FICA taxes for Social Security and Medicare. Employers withhold these taxes from their employees' paychecks, and then pays them to the Internal Revenue Service (IRS).

3 0
3 years ago
Who is this guy please help me!!!!!! As Soon As Possible
Virty [35]

Answer:

This guy is Steven Cree. Steven Cree is an Scottish film and theater actor. Cree began his career in 2001 by playing a guest starring role in a comedy series. In 2009. he moved on from television screen to feature in film roles and played many characters in different films such as  Antonio Vivialdi in Condor Pictures' Vivaldi. Apart from television and films, Steven Cree is also known for his exceptional work in theater.

6 0
3 years ago
What is artificial selection
rusak2 [61]

Artificial selection is the intentional reproduction of individuals in a population that have desirable traits. In organisms that reproduce sexually, two adults that possess a desired trait — such as two parent plants that are tall — are bred together.

7 0
3 years ago
Read 2 more answers
PLEASE HELP QUICKLY: (FIRST ANSWER GETS BRAINLIEST)
Aliun [14]

To create market stability.

6 0
3 years ago
Other questions:
  • Certain industries of the U.S. economy, such as farming and heavy equipment manufacturing, have experienced a significant declin
    12·1 answer
  • Use the net FUTA tax rate of 0.6% on the first $7,000 of taxable wages. Niemann Company has a SUTA tax rate of 7.1%. The taxable
    14·1 answer
  • Dip N’ Dunk Doughnuts has computed the net present value for capital expenditure at two locations. Relevant data related to the
    9·1 answer
  • During the current year, Robby’s Camera Shop had sales revenue of $169,000, of which $68,000 was on credit. At the start of the
    7·1 answer
  • External benefits in consumption refer to benefits accruing to those a. who bought and consumed the product.b. who are selling t
    8·1 answer
  • the inventory method that will always produce the same amount for the cost of goods sold in a periodic invenotry system as
    13·1 answer
  • The Keynesian analysis of
    8·1 answer
  • For personal finance course
    12·1 answer
  • Residents of poor countries tend to have fewer automobiles per capita because Group of answer choices lower per capita real gros
    8·1 answer
  • Question 5 of 10
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!