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
m_a_m_a [10]
3 years ago
14

Blue Spruce Corp. reports the following ledger account balances at June 30, 2022:

Business
1 answer:
creativ13 [48]3 years ago
8 0

Answer:

<h3>Blue Spruce Corp.</h3>

The total credits on the company's trial balance at June 30, 2022 are:

Accumulated depreciation-equipment $66

Accounts payable                                   910

Unearned rent revenue                         136

Common stock                                      246

Retained earnings                              6800

Service revenue                                    382

Interest revenue                                     76

Totals                                               $8,616

Explanation:

a) Data and Calculations:

Blue Spruce Corp.

Trial Balance as at June 30, 2022:

Accounts Title                         Debit      Credit

Cash                                       $1832

Accounts receivable               2858

Inventory                                 3904

Prepaid rent                                96

Equipment                                390

Accumulated depreciation-equipment $66

Accounts payable                                   910

Unearned rent revenue                         136

Common stock                                      246

Retained earnings                              6800

Service revenue                                    382

Interest revenue                                     76

Salaries and wages expense 170

Insurance expense                  98

Totals                                $9,348   $8,616

b) The totals show that the trial balance is not in balance.  This may be as a result of errors of omissions, commissions, transposition, etc.

You might be interested in
Would the cash be a credit?
Ghella [55]

Answer:

no cash would not be a credit

Explanation:

3 0
3 years ago
The standard overhead applied is based on the ______ level of activity multiplied by the predetermined overhead rate.
Alina [70]

Answer: actual level

Explanation:

It should be noted that when determining the standard overhead cost rate, overhead costs have to be grouped into the fixed cost and the variable costs.

The standard overhead applied is based on the actual level of activity multiplied by the predetermined overhead rate.

4 0
3 years ago
A firm successfully implementing a differentiation strategy would expect: a. to have high levels of power over suppliers. b. to
ra1l [238]
Habsburghshusheysysyshsbsysiabshsis
6 0
3 years ago
Marketing school provides in-depth training in​
sladkih [1.3K]
Marketing training should ideally address your organizational challenges, for example through company-specific projects or the development of your own action plan.
4 0
3 years ago
What are a list of items that the most price elastic demand​
Paul [167]

Answer:

See below

Explanation:

Price elasticity of demand describes how responsive the product of a product is to changes in its price. The term elasticity originates from elastic, which means to stretch. A product is price elastic if a small change in price has a significant impact on its demand. Should the price increase by a small percentage, the demand decreases by a considerable difference.

The demand for some products does not react to changes in prices. A small percentage increase or decrease in price does not result in a big change in the quantity demand. Such products are said to be price inelastic.

Substitute goods or goods with close alternatives are the most price elastic. A small change in price will make consumers consider the other alternatives. Examples of price-elastic goods and services include transport services, furniture, motor vehicle, and professional services such as lawyers, doctors, and auditors.

4 0
4 years ago
Other questions:
  • Patton has acquired several other companies. Assume that Patton purchased Kate for $ 9 comma 000 comma 000 cash. The book value
    14·1 answer
  • A fire destroyed a warehouse of the Goren Group, Inc., on May 4, 2021. Accounting records on that date indicated the following:
    12·1 answer
  • Which of the following would help reduce the amount of frictional unemployment? Choose one or more:
    9·1 answer
  • Joylen recently started working at a major urban university. One of the first things her supervisor provided her with was a larg
    6·1 answer
  • In the past there have been violent protests against the World Bank and the World Trade Organization. The protesters argued that
    6·1 answer
  • In order to take advantage of the high quality talent pool, Ernst &amp; Young sets up operations in the Philippines and moves pa
    5·2 answers
  • Patricia Ness is a lawyer specializing in employment law. Her clients showed her that the right-to-work laws create many problem
    6·1 answer
  • Identifying your sources will help you to establish credibility.
    10·1 answer
  • You purchased 1,350 shares of stock in Natural Chicken Wings, Inc., at a price of $43.58 per share. Since you purchased the stoc
    8·1 answer
  • Which country eats the most cheese per capita?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!