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
Vlad [161]
3 years ago
9

The following transactions occurred during July: Received $900 cash for services performed during July. Received $5,350 cash fro

m the issuance of common stock to owners. Received $450 from a customer as payment for services performed during June. Billed $3,650 to customers for services performed on account in July. Borrowed $2,600 from the bank and signed a promissory note. Received $1,150 from a customer for services to be performed during August. As a result of these transactions, what is the amount of the increase to the Cash account
Business
2 answers:
Lady bird [3.3K]3 years ago
8 0

Answer:

The amount of the increase to the Cash account is $10,450

Explanation:

<em>Cash account </em>

Cash  for services performed during July $900

Cash from the issuance of common stock to owners $5350

Cash received from customer as payment for services performed during June $450

Cash Borrowed from bank $2600

Cash received from customer service to be performed during august    $1150

Total sum is Cash account increase of $10,450

professor190 [17]3 years ago
6 0

Answer:

The amount of the increase to the Cash account is $10,450

Explanation:

In order to calculate the amount of the increase to the Cash account we would have to make the following calculations:

amount of the increase to the Cash account= cash for services performed during July+cash from the issuance of common stock to owners+cash received from customer as payment for services performed during June+Borrow from bank+Received from customer service to be performed during august

amount of the increase to the Cash account= $900 + $5,350 + $450 + $2,600 + $1,150

amount of the increase to the Cash account= $10,450

The amount of the increase to the Cash account is $10,450

You might be interested in
FIllmore Company began operations on Sept. 1 by purchasing $4,400 of inventory and $750 of cleaning supplies. During the month,
jarptica [38.1K]

Answer: $3,400

Explanation:

Gross Profit = Sales revenue - Cost of Goods sold

Cost of good sold = Opening stock + Purchases of inventory - Closing stock of inventory

= 0 + 4,400 - 1,800

= $2,600

Gross Profit = 6,000 - 2,600

= $3,400

5 0
3 years ago
If an advertisement is affiliated with a website's content, what might that suggest?
Zanzabum

Answer:

It suggests that the advertisement financially supports the website  ( C )

Explanation:

Affiliation is the official attachment of businesses with common interest wherein one party controls or is in-charge of the business relationship between the parties. in some cases a third party might be in control as well.

The information found on an advertisement that is affiliated with a website content shows that the advert and the website are in business together hence the advert supports the website financially, because the details contained in the advert might be drawn from the contents of the websites.

5 0
3 years ago
What are three common types of federal taxes?
anastassius [24]

three common types of federal taxes are :

1. income tax

2. Property tax

3.Sales tax

5 0
3 years ago
The entity that collects economic data at a regional level is the:___________
Scorpion4ik [409]

Answer:

<u>the World Bank</u>

<u>Explanation:</u>

The <u>World Bank</u> is an international financial institution that monitors the financial activities of most countries. Regional economic data collection is done by means of a World Bank initiative called the International Comparison Program.

An example of this economic data collected is the gross domestic product (GDP) of the regions.  

6 0
3 years ago
In the "iron law of oligarchy," robert michels stated that bureaucracy always means ________
frutty [35]
The few rule the many. Hope this helped, have a great day! :D
7 0
4 years ago
Other questions:
  • What are environmental trends?
    11·1 answer
  • The value of the cpi's "market basket" is determined by ________.
    8·1 answer
  • The dollar votes of consumers ultimately determine the composition of output and the allocation of resources in a market economy
    11·1 answer
  • ¿Creen que el empleador puede rebajarle el sueldo? ¿Por que?<br><br> Responder rápido plissss
    8·1 answer
  • Keith enjoys cutting hair and he just graduated from a cosmetology program. He has opened up his own shop, but it has not grown
    14·1 answer
  • What societal force was in place in mainstream American culture until the 1960s that resulted in separation of people along raci
    15·1 answer
  • If a company selects either of Project 1 or Project 2 (or both), then either Project 3 or Project 4 (or both) must also be selec
    11·1 answer
  • It is important to know your own strengths and weakness. T or F I'm pretty sure its T but I wanna make sure-
    10·1 answer
  • In a monopolistic competitive industry, firms can try to differentiate their products by
    6·1 answer
  • If stock prices go up and people feel richer, aggregate demand will: stay the same because there have been no changes to the und
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!