Answer: C for Joanna and I think A for Josephine
Explanation:
Answer:
it will take 66.69 days to pay off its supplier
Explanation:
We have given cost of goods sold = $44021
And account payble balance = $8043
Credit turnover ratio will be equal to
Credit turnover 
We know that 1 year = 365 days
So number of days will be equal to 
So it will take 66.69 days to pay off its supplier
Answer: $49,000
Explanation: In order to calculate how much he will need to repay we first need to calculate the amount of interest that he will pay. The formula for interest is Interest = Principal x rate x time.
Using the formula, Interest = $35,000 x .08 x 5, Interest = $14,000
On July 1, 2022 Hugh will need to repay the principal that he borrowed, which was $35,000 plus the interest of $14,000, which is a total of $49,000.
You can get help Online or at a college for AS accounting
Answer:
Service Revenue 881,105
Wages Expense (529,000)
Supplies Expense (42,000)
Rent Expense (59,500)
Utilities Expense (8,000)
Depreciation Expense (150,000)
Interest Income <u> (5,500) </u>
Net Income 87,105
Explanation:
We list the revenue account and then, substract the expenses leaving the net income. As this is a single-step income statemnt we do not solve for operating and non-operating income.
