Answer:
$122.87
Explanation
Final balance = initial balance + deposits + interest - Withdrawals
Therefore,
Given that
Initial balance = 122.00
Deposit = 68.52 + 46.35 = 114.87
Interest = 1.50
Withdrawals = 95.00 + 20.50 = 115.50
Thus,
Final balance = 122.00 + 114.87 + 1.50 - 115.50
= 238.37 - 115.50
= 122.87
Final balance = $122.87
Answer:
a) See the image attached for the sheet of closing entry
b) New balance = (174000-111000-12000) = 51000
Answer: Assets are listed in descending order of liquidity
Explanation:
According to accountant principles, the assets are always listed starting with the most liquid asset. It has the special purpose of helping to the shareholders and company owners to know what assets are easily sold and become in cash flow. The most liquid asset is always the cash, it is the first in the list. Commonly the second asset listed is the inventory, then we have ththe realizable value ( it includes bonds, stocks and other stock market elements), followed by the elements available for sell, at the end we can find listed long term resources including fixed assets and intangible assets.
The largest and most expensive social welfare programs in
America are Social Security and Medicare. Medicare receives the funding the
most, and it is not tested program while the social security is the example of entitlement.
The Social Security Act of 1935 brought government into the equation of the
obligations of one generation to another.
I think the answer is called enriching but i might be wrong.