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
marin [14]
3 years ago
13

During 2017, its first year of operations as a delivery service, Concord Corporation entered into the following transactions:

Business
1 answer:
Natasha2012 [34]3 years ago
3 0

Answer:

Concord Corporation

Transaction Assets = Liabilities + Stockholders' Equity

1   Assets (Cash +$181,000) = Liabilities + Stockholders' Equity (Common Stock +$181,000)

2  Assets (Cash +$54,000) = Liabilities (Bonds Payable +$54,000) + Equity

3  Assets (Delivery Trucks +$60,000, Cash - $60,000) = Liabilities + Equity

4  Assets (Cash + $17,000, Accounts Receivable -$17,000) = Liabilities + Equity

5  Assets (Supplies + $5,800) = Liabilities (Accounts Payable +$5,800) + Equity

6  Assets (Cash - $4,800) = Liabilities + Equity (Retained Earnings -$4,800)

7  Assets (Accounts Receivable + $11,000) = Liabilities + Equity (Retained Earnings + $11,000)

8  Assets (Cash - $29,300) = Liabilities + Equity (Retained Earnings + $29,300)

9 Assets (Cash - $10,700) = Liabilities + Equity (Retained Earnings + $10,700)

Explanation:

In accordance with the accounting equation, Assets are always equal to Liabilities + Equity with each given business transaction.  The accounting equation reflects the double-entry system of accounting.  It shows that two or more accounts are involved in any transaction and each transaction that is properly recorded keeps the equation in balance at all times.

You might be interested in
Which reason for trade barriers is being used when the us refuses to trade with another country because they use child labor to
Kruka [31]

The reason why trade barriers is being used when the us refuses to trade with another country is: Upholding standards.

<h3>What is upholding standard?</h3>

Upholding standard is the process were a country tend to follow and maintain their set standard without deviating from it.

United states refuse to trade with others country because  other country were using children as a laborer to produce goods and United state is against it leading to what is called trade barrier.

Inconclusion the reason why trade barriers is being used when the us refuses to trade with another country is: Upholding standards.

Learn more about upholding standard here:brainly.com/question/6868717

4 0
2 years ago
A liquidity ratio measures the Group of answer choices income or operating success of an enterprise over a period of time. abili
mr Goodwill [35]

Answer:

short-term ability of the enterprise to pay its maturing obligations and to meet unexpected needs for cash

Explanation:

A liquidity ratio can be regarded as type of financial ratio which is been utilized in determination of a ability of a company to pay out its short-term debt obligations. The metric is way to determine if there is a possibility for company to use its current as well as liquid and assets to cover up for its current liabilities.

It should be noted that A liquidity ratio measures short-term ability of the enterprise to pay its maturing obligations and to meet unexpected needs for cash.

6 0
3 years ago
Which statement best describes the variety of workplaces commonly found in the Health Science career cluster? A. Workplaces in t
Mars2501 [29]

People who work in Health Science career clusters can expect a career that deals with promoting health to treating diseases. Some examples of professions in this cluster include dietitians, neurologists, and biomedical engineers. With a wide variety of professions that are included in this cluster, the workplaces where these individuals can work are also equally as diverse.

Thus, the best answer for the question is (C) workplaces in this cluster include nonprofit hospitals, government-run clinics, and private physicians' offices.

8 0
3 years ago
Read 2 more answers
1. ) Which task is common to both restaurant and lodging workers, but not to recreation workers? PLEASE HELP ME ON MY FINAL ANYT
bija089 [108]
Totally d because if you read it 
8 0
3 years ago
Read 2 more answers
The present national accounting system does not reflect changes in:
Rama09 [41]
Umm I'd have to say c or d
7 0
3 years ago
Other questions:
  • All sources of income is also known as which of the following?
    9·2 answers
  • The employees of eco engineering inc. share company-related resources among multiple computers without requiring a central netwo
    12·1 answer
  • River Enterprises has ​$505 million in debt and 22 million shares of equity outstanding. Its excess cash reserves are $14 millio
    15·1 answer
  • The records for Sandhill Inc. showed the following for 2020: Jan. 1 Dec. 31 Accrued expenses $1,200 $2,100 Prepaid expenses 630
    15·1 answer
  • Consulting firms and human resource departments have spent innumerable hours attempting to develop executive compensation progra
    12·1 answer
  • Suppose you are a senator writing a bill to index Social Security and federal pensions. That is, your bill will adjust these ben
    10·1 answer
  • In each scenario below, please label which mistake they made in regard to economic decision making. Alexander is heavily investe
    7·1 answer
  • NEED ANSWER QUICKLY BEFORE 11:59 AM
    5·1 answer
  • Information about a property that has a significant bearing on a buyer's decision to purchase that property is referred to as a
    11·1 answer
  • A retirement account in which investments are not tax-deferred but can be
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!