Answer:
Unadjusted Trial Balance of Smart Touch Learning is presented below in explanation section with a total of $66,000 in Debit and Credit Side.
Solution in Excel is also attached for your reference
Explanation:
Smart Touch Learning
Un-adjusted Trial Balance for the year ended 31 December, 2016
Account Debit Credit
<u>Assets</u>
Furniture (Debit) $12,400
Accounts Receivable (Debit) $600
Cash (Debit) $43,410
Prepaid Insurance (Debit) $1,900
<u>Liabilities</u>
Unearned Revenue (Credit) $3,700
<u>Common Stock</u>
Common Stock (Credit) $39,100
<u>Dividends</u>
Dividends (Debit) $3,600
<u>Revenues</u>
Service Revenue (Credit) $23,200
<u>Expenses</u>
Office Supplies (Debit) $510
Rent Expense (Debit) $1,200
Salaries Expense (Debit) $2,000
Utilities Expense (Debit) $380
Total $66,000 $66,000
Answer:
Pat would receive within 5 years $1.47 for each dollar invested.
Explanation:
Compounded interest is when the final capital is calculated with the interest that is paid at the end of each period over the capital plus the interest earned in the prior period.
CF=1(1+0.08)↑5
Answer:
See below.
Explanation:
We record the entries as follows,
First record the total gross sales,
Debit accounts receivables by $57,000
Credit Sales by $57,000
Payment terms provide us that 2% discount if paid within 15 days and no discount thereafter.
We record the payments as,
Cash debit by ($57,000 * 0.98) = $55,860
Discounts allowed debit by ($57,000*0.02) = $1,140
Credit Discount receivable by $57,000
Hope that helps.
When the Federal Open Market Committee allows treasury securities to be sold in the open market, the result is a) decreases the money supply.
<h3 /><h3>What happens when treasury securities are sold?</h3>
When treasury securities are sold by the FOMC of the Federal Reserve, people will buy those securities which means that the Federal Reserve gets that money.
As a result, the money supply in the economy will decrease as the amount of money in the economy will be reduced by the amount that went to the Fed.
In conclusion, when treasury securities are sold on the open market, this decreases the money supply.
Find out more on open market operations at brainly.com/question/14256204
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Answer:
Gross private domestic investment less depreciation is net private domestic investment.
Explanation:
Investment is addition to capital stock during a period of time. Depreciation is fall in value of fixed (capital) assets due to usage, wear & tear, obsolescence.
Gross Private Domestic Investment = Total addition to capital stock by private domestic sector, without accounting for depreciation of existing capital stock.
Net Private Domestic Investment = Addition to capital stock by private domestic sector, accounting for depreciation deduction of existing capital stock.
So, Gross Private Domestic Investment - Depreciation = Net Private Domestic Investment.
