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
Ainat [17]
3 years ago
14

From the following information, please prepare an Income Statement, Statement of Owner’s Equity, and Balance Sheet for the month

of May of the current year.
Cash

$12,000



Accounts Receivable

16,000



Supplies

350



Equipment

16,500



Notes Payable



$13,000

Accounts Payable



12,000

S. Jones, Capital



18,000

S. Jones, Drawing

550



Service Revenue



6,000

Telephone Expense

350



Rent Expense

1,100



Advertising Expense

2,150





$49,000

$49,000
Business
2 answers:
Anettt [7]3 years ago
6 0

Answer:

I found answer for this at this website

Explanation:

https://gotit-pro.com/from-the-following-information-please-prepare-an-income-statement-statement-of-owners-equity-and-balance-sheet-for-the-month-of-may-of-the-current-year

lisov135 [29]3 years ago
3 0

Answer:35,000

Explanation:

You might be interested in
In the United States, the money supply is determined: A) only by the Fed. B) only by the behavior of individuals who hold money
Thepotemich [5.8K]

Answer: Joint by the FED and by the behavior of individuals who hold money and of banks which money is held.

Explanation: The Federal Reserve System, often referred as the Federal reserve or simply "the fed", is the central bank of the united states. It was created by the congress to provide the nation with a safer, more flexible, and more stable monetary and financial system. The FED was created on December 23, 1913, when president Woodrow Wilson signed the FEDERAL RESERVE ACT into law. The Fed and the behavior of individuals not only define how much money are available, they can also define macroeconomic indicators like inflation.

8 0
4 years ago
Inferior company sells products that are poorly made. jack, who has never bought an inferior product, files a suit against infer
cricket20 [7]

Standing.

In order to bring a lawsuit, you must be able to show how you are connected to/harmed by the person or company you are suing. This is known as standing.

7 0
3 years ago
If there are five firms in an industry and the market shares of the firms are 45 percent, 22 percent, 17 percent, 10 percent and
Varvara68 [4.7K]

Answer:

94% and 2934

Explanation:

The computation of the four-firm concentration ratio for this industry is

= (Total four firms market shares in an industry ) ÷ (Total firm market shares in an industry)

= (45% + 22% + 17% + 10%) ÷ (45% + 22% + 17% + 10% + 6%)

= 94% ÷ 100%

= 94%

Now the Herfindahl Index is the sum of square of all firm market share

= 45^2 + 22^2 + 17^2 + 10^2 + 6^2

= 2934

5 0
4 years ago
Bert sells his car to Conrad for $5,000 and his bike to Del for $600. Bert sells his vinyl record collection to Elena for $1,000
Alexus [3.1K]

Answer:

the sale of Bert's stock in Altogether Now

Explanation:

Article 2 of the Uniform Commercial Code (UCC) only applies to commercial transactions involving tangible personal property. A car, a bike, and a vinyl record collection are all tangible personal properties, but a company's stock is not.

5 0
3 years ago
With an inflation rate of 9 percent, prices would double in how many years?
Julli [10]

Answer:

8 years

Explanation:

the rule of 72 calculates how long it takes for an amount to double given interest rate

72 / 9% = 8 years

7 0
3 years ago
Other questions:
  • If you were willing to bet that the overall stock market was heading up on a sustained basis, it would be logical to invest in:
    13·1 answer
  • The curve that shows how much gdp is demanded at various price levels is called:
    5·1 answer
  • Total value systems work best if
    9·1 answer
  • A case comes before a Wisconsin state trial court on the subject of free speech on the Internet. It is a case of first impressio
    10·1 answer
  • Mongelli Family Inn is a bed and breakfast establishment in a converted 100-year-old mansion. The Inn's guests appreciate its go
    6·1 answer
  • Please answer this!!! Can someone get traced and arrested for taking money out of someone else’s bank electronically account wit
    15·1 answer
  • Please help Define net pay
    13·1 answer
  • Colton Enterprises experienced the following events for Year 1, the first year of operation:Acquired $37,000 cash from the issue
    9·1 answer
  • Using a computerized Inventory Management System, a Paint Supply Store franchise continuously monitors the inventory of all the
    15·1 answer
  • Over the long run, ____________ per hour is the most important determinant of the average wage level in any economy. Group of an
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!