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
Nitella [24]
3 years ago
13

What would be the cash balance in the general ledger if a credit of $2,000 is posted to the cash account that had a beginning ba

lance of $10,000 before posting?
Business
1 answer:
frez [133]3 years ago
8 0

A debit of 8000. It would make sense that a credit in cash would decrease the balance, therefore you deduct 2000 from 10000.

You might be interested in
ADP reports the following income statement.
oee [108]

Answer:

Forecast of 2020 net earnings = $299.2 million.

Explanation:

Note:

a. See part a of the attached excel file for the calculations of the Historic Percent of Total Revenue.

b. See part b of the attached excel file for the Forecast of ADP’s 2020 income statement.

From part b of the attached excel file, we have:

Forecast of 2020 net earnings = $299.2 million.

Download xlsx
3 0
3 years ago
An investor owns 200 shares of a stock that has split 2 for 1. The investor will get the additional 200 shares by_______.
Scrat [10]

Answer:

Explanation:

Given information

Number of shares owned = 200 shares

Split ratio = 2 for 1

Number of additional shares = 200 shares

The additional shares would get when the investor received the new certificate which specifies the additional shares plus the old certificate is also with the investor which decreased the par value of each share.  

It is a cheaper method as compare to cancel the shares plus issuing them

6 0
3 years ago
Plz help...... What is a term deposite​
g100num [7]

A time deposit or term deposit is a deposit in a financial institution with a specific maturity date or a period to maturity, commonly referred to as its “term”. Time deposits differ from at call deposits, such as savings or checking accounts, which can be withdrawn at any time, without any notice or penalty.

7 0
2 years ago
Read 2 more answers
Product deletion can best be described as the process of deleting a product from the product mix when it a. no longer responds t
Mamont248 [21]

Answer:

(c). no longer satisfies a sufficient number of customers

Explanation:

Product deletion refers to removal or discontinuance of a product from the product line when such a product has been consistently incurring losses since a number of years and it's further continuation would adversely affect the other products and profitability.

A product is usually deleted from the product line on the grounds of it's failure in satisfying a sufficient number of customers.

Hence, the correct option is (c). no longer satisfies a sufficient number of customers.

5 0
3 years ago
On January 15, 2021, Concord Company received a two-month, 6%, $8300 note from William Pentel for the settlement of his open acc
olganol [36]

$10500.

What is credit and debit?

Events known as business transactions have a financial influence on an organization's financial statements. We enter the figures in two accounts, with the debit column on the left and the credit column on the right, to account for these transactions.

<u>Debit</u>

An accounting debit is an addition to an asset or cost account or a subtraction from a liability or equity account. In an accounting entry, it is placed to the left.

<u>Credit</u>

A credit is an accounting item that either raises or lowers an asset or cost account. It can also increase or decrease a liability or equity account. In an accounting entry, it is placed to the right.

Learn more about credit and debit with the help of given link:-

brainly.com/question/27917616

#SPJ4

4 0
1 year ago
Other questions:
  • Johns Company manufactures products R, S, and T from a joint process. The following information is available: Product R S T Tota
    7·1 answer
  • Compare a stock insurer to a mutual insurer with respect to each of the following: a. Parties who legally own the company b. Rig
    9·1 answer
  • Towne Station is saving money to build a new loading platform. Three years ago, they set aside $23,000 for this purpose. Today,
    8·1 answer
  • An employee earns $5,550 per month working for an employer. The FICA tax rate for Social Security is 6.2% of the first $127,200
    13·1 answer
  • Which of these an example of something restitution would likely be required
    7·1 answer
  • Direct materials and direct labor of a company total $8300000. If manufacturing overhead is $4150000, what is direct labor cost
    7·1 answer
  • P&amp;G sells cosmetics, laundry detergent, and products like Pringles to the ________ market by establishing strong brand image
    14·1 answer
  • What is implication for the Government in the tax policy ?
    12·2 answers
  • What advice or tips does Lauren Haugen have for people who are learning to manage their finances?
    10·1 answer
  • A discount bond is also called a ________ because the owner does not receive periodic payments.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!