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3 years ago

Which item shows a credit balance in the Trial Balance?

Business

2 answers:

Gre4nikov [31]3 years ago

6 0

Answer:

Asset and expense accounts appear on the debit side of the trial balance whereas liabilities, capital and income accounts appear on the credit side.

skad [1K]3 years ago

6 0

Answer:

A/P

Explanation:

A/R is assets, A/P is liability.

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Stormy Corporation has two service departments (S1 and S2) and two production departments (P1 and P2), and uses the step-down me

Marianna [84]

Answer:

E. Both S1's cost should be allocated (i.e., spread) over 140 employees and S2 should allocate a total of $390,000 to P1 and P2.

Explanation:

As S1 gives more service, So it would be allocated first

Here

S1 cost of $280,000 would be allocated to S2 P1 and P2 based on number of employees

The total employees in S2 P1 and P2 is

= 20 + 50 + 70

= 140

And, the Cost to be allocated per employee is

= $280,000 ÷ 140

= $2,000

Now cost received by S2 is

= $2,000 × 20

= $40000

And, the cost received by P1 is

= $2,000 × 50

= $100,000

And, the cost received by P2 is

= $2,000 × $70

= $140,000

Now

S2 contains total cost of

= $350,000 + $40,000 (from S1)

= $390,000

So this would be allocated to P1 and P2 as S1 has already allocated

Hence, option D is correct

3 0

3 years ago

If you're introducing your boss, Mr. Schott, the company's president, to a visiting sales representative, Ms. West, you would sa

Paraphin [41]

Hi again!

I don't know why but I feel like your questions are funny at the same time.

Anywayz, the correct answer is option C

It shows friendship and trusted. And this is the best way to introduce someone.

I hope this helps!

8 0

3 years ago

Read 2 more answers

An employee earns $7,500 in wages and has $1,800 in Federal Income Tax withheld and $318 in State Income tax withheld. In additi

kogti [31]

Answer:

Dr. Wages Account with $7,500 (employee Wages Payable)

Cr. Federal Income Tax Payable on Employee Wage with $1,800

Cr. State Income Tax Payable on Employee Wage with $318

Cr. FICA Medicare Payable with $108.75 (1.45% on Taxable wage of $7,500)

Cr. FICA Social Security Payable with $465 (6.2% on Taxable wage of $7,500)

Cr. Bank/Cash/Wages Payable Account with $4,808.25 (Net Wage Payable to Employee)

Explanation:

Dr. Wages Account with $7,500 (employee Wages Payable)

Cr. Federal Income Tax Payable on Employee Wage with $1,800

Cr. State Income Tax Payable on Employee Wage with $318

Cr. FICA Medicare Payable with $108.75 (1.45% on Taxable wage of $7,500)

Cr. FICA Social Security Payable with $465 (6.2% on Taxable wage of $7,500)

Cr. Bank/Cash/Wages Payable Account with $4,808.25 (Net Wage Payable to Employee)

3 0

3 years ago

Read 2 more answers

Josh earns $8.25 per hour and works 28 hours per week how much money will Josh earn a year show your work will mark brainiest

Sunny_sXe [5.5K]

So it’s 8.25 times 28 =231 hours
And there are 356 days in a year so 356 times 231 =82236 and that’s the answer hope I helped and get brainiest answer!

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3 years ago

What is the periodic interest on a credit card with a 17.99% APR? Group of answer choices 1.333% 1.499% 2.665% 2.998%

Lena [83]

Answer:I am figuring this question out for you! one moment please

Explanation:

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3 years ago