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
iragen [17]
3 years ago
6

From the following list of selected items taken from the records of Bobcat Appliance Service as of a specific date, identify tho

se that would appear on the balance sheet and those that would appear on the income statement:1. Accounts Receivable2. Cash3. Common Stock4. Fees Earned5. Land6. Supplies7. Supplies Expense8. Utilities Expense9. Wages Expense10. Wages Payable
Business
1 answer:
Gennadij [26K]3 years ago
7 0

Answer:

Balance sheet:

Accounts receivable

Cash

Common stock

Land

Supplies

Wages payable

Income statement:

Fees earned

Supplies expense

Utilities expense

Wages expense

Explanation:

Accounts receivable, cash, land, and supplies are assets while wages payable is a liability while common stock is owner's equity, all of which are balance sheet items.

Besides, fees earned are a revenue item while utilities , suplplies  and wages expenses would appear in the income statement.

You might be interested in
G during february, $186,500 was paid to creditors on account, and purchases on account were $201,400. assuming the february 28 b
Rufina [12.5K]
<span>The balance on Feb 1 was $44,100. Find by solving for x, the account balance on Feb 1, knowing that $59,900 was the balance on Feb 28. Find by adding $201,400 of purchases and subtracting $186,500 paid to creditors:
 x + 201,400 - 186,500 = 59,000.
 x + 201,400 = 245,500
 x = 44,100</span>
4 0
3 years ago
Pace Co. borrowed $10,000 at a rate of 7.25%, simple interest, with interest paid at the end of each month. The bank uses a 360-
mars1129 [50]

Answer:

Explanation:

Amount of interest need to paid is 30 day month

= 10000×(1.075)×30/360 = 60.42

Simple interest formula is

Interest for year is = 10000×7.5% = 750

Per month is = 750×30/360 = 60.42

8 0
3 years ago
Hunkins Corporation has provided the following data concerning last month's operations. Purchases of raw materials $ 33,000 Indi
nalin [4]

Answer:

Cost of goods manufactured $ 159,000

Explanation:

Direct materials:

Beginning raw materials inventory $ 14,000

Add: Purchases of raw materials 33,000

Total raw materials available 47,000

Less: Ending raw materials inventory 20,000

Raw materials used in production 27,000

Less: Indirect materials included in manufacturing overhead 4,000 23,000

Direct labor 58,000

Manufacturing overhead cost applied to work in process 91,000

Total manufacturing costs 172,000

Add: Beginning work in process inventory 57,000

Total 229,000

Less: Ending work in process inventory 70,000

Cost of goods manufactured $ 159,000

Therefore the direct materials cost for the month on the Schedule of Cost of Goods Manufactured is $159,000

8 0
3 years ago
The product structure overcomes one of the challenges common to a functional organization structure because it is
Alona [7]

Answer:

focus on the goods being made

7 0
1 year ago
Which individual is a producer?
Ronch [10]

Answer:

To be considered as a producer, we need to create some sorts of goods or services and exchange it with the customers in order to obtain some sort of financial gain. I believe that a host who seats customers in a busy restaurant would be considered a producer because he is providing a service to consumers.

Hope this helps!

7 0
3 years ago
Read 2 more answers
Other questions:
  • Telcom owns a phone network and provides phone network services to many consumers
    15·1 answer
  • Sosa Corporation recently reported an EBITDA of $31.9 million and net income of $9.7 million. The company had $6.8 million in in
    10·1 answer
  • Proponents of corporate social responsibility (csr) strongly believe in benevolence; however, they still want their businesses t
    11·1 answer
  • What will be the result when managers use new forms of organizing?
    15·1 answer
  • Which type of markup takes your company's total costs into account?
    13·2 answers
  • Evan Engineering Group receives royalties on a technical manual written by two of its engineers and sold to a publishing company
    5·1 answer
  • Find 1 or 2 examples from this historically significant persuasive speech where President Reagan attempts to strengthen or
    10·1 answer
  • The primary goal of financial management is to:
    15·1 answer
  • Compare and contrast the three most common types of healthcare indemnity plans.
    12·1 answer
  • Pompeii, Inc., has sales of $54,500, costs of $24,800, depreciation expense of $2,700, and interest expense of $2,450. If the ta
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!