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
hjlf
3 years ago
6

Coates Inc. experienced the following events in 2014, in its first year of operation: (1) Received $20,000 cash from the issue o

f common stock. (2) Performed services on account for $38,000. (3) Paid the utility expense of $2,500. (4) Collected $21,000 of the accounts receivable. (5) Recorded $15,000 of accrued salaries at the end of the year. (6) Paid a $2,000 cash dividend to the shareholders.Record the events in general ledger accounts under an accounting equation.

Business
1 answer:
Nata [24]3 years ago
7 0

Answer:

Explanation:

Please see attached file

You might be interested in
A monopoly exists when _____ provides a good or service.
marishachu [46]
A company controls the market for a good or service
8 0
3 years ago
The following information relates to last year's operations at the Legumes Division of Gervani Corporation:
yanalaym [24]

Answer:

The Legume Division's net operating income last year was d. $45,000

Explanation:

Turnover (on operating assets) = Total Sales/ Operating assets

From the formula,

Operating assets = Total Sales/Turnover (on operating assets) = $900,000/3 = $300,000

Return on investment (ROI) is calculated by using following formula:

ROI = Net income/Total investment

Net Income = ROI x Total investment

At the Legumes Division of Gervani Corporation, Total investment  = Operating assets = $300,000

Net Income = 15% x $300,000 = $45,000

7 0
3 years ago
What does it mean to say that individuals as a group are net suppliers of funds for financial​ institutions? what do you think t
lana66690 [7]
I don’t know?????ahahah
8 0
3 years ago
Identify when change management is not requiredChange in leadershipTime of crisisChange in organizational cultureEvent managemen
djyliett [7]

Answer:

brainstorming method i choose this because no one can judge on what i suggest because sometimes i feel so underestimated

5 0
3 years ago
SEC Rule 10b-18 allows an issuer to buy its shares in the open market:________.A. at any price that is reasonably related to the
Mice21 [21]

Answer:

B. at the highest independent bid or the last reported sale price, whichever is higher

Explanation:

SEC Rule 10b-18 was issued to create a safe harbor that reduces a company's possible legal liabilities related to repurchasing their own stock. Companies can decide to follow it or not, but if they follow it, they must comply with specific requirements that depend on the company's size and trading activities. Even if companies follow all the requirements of this "safe harbor", all legal liabilities are not eliminated, instead some specific provisions will not be considered to have been violated by the company.

The conditions related to this rule  include

  • Manner of purchase conditions
  • Timing conditions
  • Price conditions
  • Volume conditions
7 0
3 years ago
Other questions:
  • The project involves an initial investment of $100,000 in equipment that falls in the 3-year MACRS class and has an estimated sa
    13·1 answer
  • _________ is a condition in which the average level of prices is actually falling.
    12·1 answer
  • Michael corporation manufactures railroad​ cars, which is its only product. the standards for the railroad cars are as​ follows:
    6·1 answer
  • Jake’s Market recorded the following events involving a recent purchase of merchandise: Received goods for $60000, terms 2/10, n
    5·2 answers
  • Hank has a 32% marginal tax rate and has already recognized a STCL of $8,000 and a L TCG of $5,000, both due to the sale of stoc
    15·1 answer
  • In a __________ pricing tactic, sellers advertise low prices and then aggressively pressure customers to purchase higher-priced
    10·1 answer
  • Management is considering a one-time-only special order. There is sufficient idle capacity to fill the order without affecting a
    5·1 answer
  • Based on the passage, who might be interested in your credit report, and why? Check all that apply.
    6·2 answers
  • What is Endorsement?​
    14·2 answers
  • Taxes that include Social Security and Medicare withholdings.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!