Answer and Explanation:
The preparation of the corrected un-adjusted trial balance is presented below:
<u>Particulars Dr Amount Cr Amount</u>
Cash $15,500
Accounts Receivable $46,750
Prepaid Insurance $12,000
Equipment $190,000
Accounts payable $24,600
Unearned rent $5,400
Common stock $40,000
Retained Earnings $70,000
Dividends $13,000
Service Revenue $385,000
Wages expense $213,000
Advertising expense $16,350
Miscellaneous expense $18,400
<u>Total $525,000 $525000 </u>
Answer:
I don't think he got any back
Explanation:
The money could have been a tip.
Answer:
Preferred shares
Explanation:
In simple words, Preferred shares (sometimes known as "preferred") are indeed a type of hybrid security that has both equities and guaranteed income features. A preferred share, like an equity instrument, indicates an ownership stake, has no expiration period and is recorded on the capital side of a corporation 's balance sheet.
Answer:
$140,430
Explanation:
A company estimated 3% of the printers sold will be returned under the warranty of 2 Years at an average cost of $151.00 each.
The company sold 31000 printers in the Month of November. So, at the time of sale (in the month of November) the company estimated 3% of 31000 printers i.e 930 Printers will be returned under warranty of 2 Years at a cost of $151.00 each. So, the company incurred the warranty cost/expense in month of November is;
930 Printers X $151.00 = $ 140430.00
Their investments (in the things they need to run the new company) are being financed by someone else's savings