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
Setler79 [48]
3 years ago
6

Journal Entries and Trial Balance

Business
1 answer:
brilliants [131]3 years ago
6 0

Answer:

Heavenly Realty Journal entries can be found in the attached file

Explanation:

Dr Bank with $25,000

Cr. Capital Stock with $25,000

(being Faith Schultz transferred cash in exchange for Capital stock)

Dr. Rental of Office & equipment with $4,510

Cr. Bank with $4,510

(Being Rental costs for Office and Equipment)

Dr. Supplies with $1,330

Cr. Accounts Payable with $1,330

(Being cost of purchased supplies)

Dr. Supplies Expense with $740

Cr. Supplies with $740

(Being cost of supplies used)

Dr Accounts Payable with $490

Cr. Bank with $490

(being payment to Creditors)

Dr. Cash with $20,500

Cr. Sales commission with $20,500

(Being Sales Commission received)

Dr. Automobile Expense with $1,250

Dr. Miscellaneous Expense with $840

Cr. Bank with $2,090

(being  payment for automobile expense, rental charges & Miscellaneous expense)

Dr Office Salaries with $2,620

Cr. Bank with $2,620

(Being Payment for Office Salaries)

Dr Dividend with $1,210

Cr Bank with $1,210

(Being payment of Dividend)

You might be interested in
To protect certain fledgling industries, the government of country Z banned imports of the types of products those industries we
KIM [24]

Answer;

A

Explanation:

two types of industries are made mention of in this question.

1)Local Fledgling Industries

2)Export Dependent Industries,who are being forced to buy products from local industries now.

Since the Government has placed a ban on the importation of the products that are being made by the local fledgling industries. The implication of this is that:

1. Buyers of those import products will experience a rise in the Cost of those products as the competition faced by the Fledging industries decreases.

2. Competing becomes difficult for Export dependent industries. This is because of inflation. They now have to buy the same product at an inflated cost, thereby reducing profits.

7 0
3 years ago
Read 2 more answers
भबड़े भाई ने शुरू मे पढाई का कैमा डर दिखलाया -
igomit [66]
Bade bhai sahab umar bhar ek hi darje mein pade rehne ka dar kyu dhikata tha .
5 0
3 years ago
The best strategy to hedge a short stock position against the possibility of an increase in the market price of the security wou
Kisachek [45]

Answer:

It is to buy a call (A)

Explanation:

Entering a counter position to buy call option at an agreed price with the expectation of increase in stock price will better position the company to mitigate against unfavorable rises in the market share price . The gain realized from the call option will off-set the actual loss from increase in share price.

3 0
3 years ago
You are comparing two annuities with equal present values. The applicable discount rate is 6.5 percent. One annuity will pay $2,
MAVERICK [17]

Answer:

the annual payment for the second annuity is $2,130 paid at end of every year

Explanation:

We have following information for 1st annuity:

Rate: 6.5%

Payment (PMT): -$2,000, paid at beginning of every year

Tenor (Nper): 20 years

We use excel to calculate the present value of annuity = PV(rate,Nper,PMT,,1)

=PV(6.5%,20,-2000,,1) = $23,469

Then we calculate the payment for 2nd annuity = PMT(rate,Nper,PV,,0)

=PMT(6.5%,20,23469,,0) = -$2,130

Download xlsx
4 0
3 years ago
Which of the following statements is not true concerning Peter Jackson's use of computer-generated imagery in The Lord of the Ri
Sonbull [250]

Answer:

c

Explanation:

I believe its C due to the fact. stunt doubles are actual individuals. or they would just have the actor be edited instead of placing a digital stunt double.

6 0
2 years ago
Other questions:
  • On June 1, Year 3, Pete, a partner in the Sky Castle partnership, contributed to the partnership some undeveloped land (not inve
    10·1 answer
  • Rachel Watts owns a chain of office supply stores. Over the past three years, Rachel has significantly increased her sales throu
    11·1 answer
  • Solid Appliances, Inc., is a private, for-profit corporation that (1) was formed for the purpose of manufacturing and distributi
    14·1 answer
  • What's the best strategy for avoiding ATM fees?
    12·1 answer
  • In the Plus-Delta method of evaluating project meetings, the "delta" column is used for team members to offer their opinion abou
    13·1 answer
  • As a company grows, it may become necessary for it to create a(n) ______, which is a visual display of the organizational struct
    11·1 answer
  • Some people argue that cover letters are the most important job search document you create. Do you agree or disagree with this s
    13·2 answers
  • Please help! I am using plato! :))
    15·1 answer
  • ____________ is the process of selecting strategic price points to best take advantage of a product or service based market rela
    5·1 answer
  • under the income approach to gdp, the wages, salaries, and benefits paid by businesses and government fall under the category of
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!