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
maxonik [38]
3 years ago
13

The following table contains financial information for Trumpeter Inc. before closing entries:

Business
1 answer:
Diano4ka-milaya [45]3 years ago
5 0

Answer:

Please see details below:

Explanation:

Net Income

Sales  $29.700  

Salaries Expenses  -$4.900  

Miscellaneous Expenses -$20.300  

=================================

Net Income                 $4.500

Balance Sheets

Assets  

Cash  $12.200  

Prepaid Rent $3.800  

Equipment  $66.600  

Supplies  $6.200  

TOTAL ASSETS   $88.800  

Liabilities  

Accounts Payable   $4.200  

TOTAL LIABILITIES   $4.200  

Equity  

Common Stock   $67.400  

Retained Earnings   $17.200  

TOTAL EQUITY   $84.600  

 

Dividends  $3.600  

You might be interested in
Gather secondary data by reading what others have experienced and observed. You should begin nearly every research project by re
liraira [26]

Answer:

An Index is used to identify references, key words or paragraphs, abstracts so also articles from different sources.

6 0
2 years ago
When are winner-take-all markets good for consumers?
kotykmax [81]
When the value of technology utility and network externality benefits exceeds monopoly Costs.



4 0
2 years ago
Usually, most of an adult's income comes from
Zigmanuir [339]
JOBS ARE THE SOURCE OF INCOME
5 0
2 years ago
Which of the following relationships between book value and cash received at sale results in a loss on the sale of a long-term d
creativ13 [48]

Answer:

a. Book value is greater than cash received.

Explanation:

Book value of an asset is the cost of an asset less accumulated depreciation

Cash received is the price the asset is sold for.

If the asset is sold for less than its book value, it is sold at a loss

If an asset is sold for more than its book value, it is sold at a gain

8 0
3 years ago
Amanda Jones is a tax practitioner who is representing Sean and Diane Smith before the Wage and Investment Division of the Inter
algol13

Answer:B. Amanda must advise Sean and Dianne promptly of the inaccuracy and the consequences provided by Internal Revenue Code and Regulations.

Explanation:

Sean and Dianne have probably engaged Amanda at the end of the tax year and they are to face implications of the transactions as it relates to tax matters, Amanda is to provide them with legislation in relation to the matter to educate them in future tax transactions.

8 0
3 years ago
Other questions:
  • "The country of bienmundo does not trade with any other country. its gdp is $30 billion. its government purchases $5 billion wor
    10·1 answer
  • Perine Company has 2,000 pounds of raw materials in its December 31, 2016, ending inventory. Required production for January and
    13·1 answer
  • What is the first step in financial planning?
    5·2 answers
  • Indicate whether each of the following cost of an automobile manufacturer would be classified as direct materials, direct labor,
    10·1 answer
  • Assume the XYZ Corporation is producing 20 units of output. It is selling this output in a purely competitive market at $10 per
    10·1 answer
  • What is the best source of information to use when purchasing a new car?
    8·1 answer
  • The assets of Star Company are $170.000 and the total liabilities are $10,000. The equity is
    15·1 answer
  • Which of the following helps to avoid wasting resources on goals that CANNOT be
    14·1 answer
  • . Pharmacist is an important profession. give reasion​
    15·2 answers
  • When collective decision making is utilized to resolve economic questions regarding the allocation of resources,
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!