An owner of a corporation is known as a(n):Group of answer choicesLimited partner.Stockholder.General partner.Director.

Adams Co. reports the following balance sheet accounts as of December 31. Salaries payable $ 6,800 Retained earnings $ 58,000 Bu

krek1111 [17]

Answer:

Adams Co.

Balance Sheet as of December 31.

Assets

Current Assets

Cash $32,000

Accounts Receivable $12,000

Merchandise Inventory $15,600

Office Supplies $3,600

Prepaid Rent $7,800

Prepaid Insurance $4,600

Total Current Assets $ 75,600

Property, Plant and Equipment

Land $38,000

Building $67,800

Accumulated Depreciation $(6,600) $61,200

(Buildings)

Total Assets $ 174,800

Liabilities

Current Liabilities

Accounts Payables $18,000

Salaries Payable $6,800

Total Current Liabilities $24,800

Long term Liabilities 

Notes Payable $46,000

Mortgage Payable $28,000

Total Long term Liabilities $74,000

Total Liabilities $98,800

Stockholder's Equity

Common Stock $18,000

Retained Earnings $58,000

Total Stockholder's Equity $76,000

Total Liabilities & Stockholder's Equity $174,800

4 0

2 years ago

Jennifer works as a clerk in a company. The essential function of her job is producing memoranda using word processing software.

patriot [66]

Answer:

Americans with the Disability Act of 1990.

Explanation:

Crippling Arthritis can get worse with the time.If the is left untreated then the disease always attack five joints at least.So according to the Americans with the disability act.This act protects individuals form discrimination having disability.So the employer has to provide accommodations to Jennifer.

5 0

3 years ago

Washington Inc. issued $705,000 of 6%, 20-year bonds at 98 on January 1, 2009. Through January 1, 2017, Washington amortized $8,

Mashcka [7]

Answer:D.$14,100 gain

Explanation:

The par value of a bond is $100 when it's issued below the price it's issued at a discount which is a loss to the firm and when it's issued above the par value, it's issued at a premium which is a gain.

The issue of $705,000 means 7050 numbers were issued and retiring it $102 means at a premium of $2 per bond and a total of N14,100 gain.

7 0

3 years ago

On June 1, Norma Company signed a 12-month lease for warehouse space. The lease requires monthly rent of $550, with 4 months pai

Sati [7]

Answer:

Balance = $1,650

Explanation:

As Norma company has paid 4 months rent in advance, therefore at the end of June, norma company will record its 1-month expense as follows

Adjusting entry at the end of June would be

DEBIT CREDIT

Entry

Rent Expense $550

Prepaid Rent $550

The balance on Norma's prepaid expense would be

Prepaid Rent = $2200

Rent Expense = ($550)

Balance = $1,650

7 0

3 years ago

Comment if you have really strict parents, mine are really strict and I wanna see if anyone has stricter parents the me ;-;

AleksAgata [21]

Answer:

my mom is my strictest parent, rip. my dad is pretty chill tho

5 0

3 years ago

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