Explanation:
Donna is going to engage in
buying <u>raw materials</u>?
Answer:
Cobras Incorporated
Trial Balance as at March 31.
Debit Credit
Supplies $1,100
Buildings $41,000
Cash $2,100
Accounts Receivable $2,800
Prepaid Insurance $1,100
Salaries Payable $300
Accounts Payable $1,500
Common Stock $21,000
Retained Earnings $14,500
Service Revenue $18,100
Utilities Expense $2,300
Salaries Expense $5,000
Totals $55,000 $55,000
Explanation:
A Trial Balance is used to check mathematical accuracy in ledger Accounts. It represents a list of Balances : Debit and Credit extracted from the Ledger Accounts.
Answer:
a) Credit Balance R$1,000.00
Explanation:
The Duplicates Payable represents a Liability in Andorinha Ltd records.
When Andorinha Ltda paid a cash duplicate in the amount of R$500.000 the entries recorded will be :
Trade Payable-Duplicates R$500.000 (debit)
Cash R$500.000 (credit)
<em>Effect on Balance of Duplicates Payable</em>
Decrease in Duplicates Payable by $500,000
Remaining Balance is $100,000 (credit)
The accounts used by a business can be kept on pages or cards, which are kept together in a book or file called .. Ledger.
Answer:
600
Explanation:
60×10=600 (this is the cost)
1200-600=600
