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grigory [225]
3 years ago
12

Gracie, inc. made a prepaid rent payment of $2,800 on january 1. the company's monthly rent is $700. the amount of prepaid rent

that would appear on the january 31 balance sheet after adjustment is
Business
1 answer:
Dominik [7]3 years ago
7 0
<span>Out of the prepaid rent of $2800, $700, the actual rent for the month of January, has to be debited to rent account and prepaid rent account will be credited. Now the prepaid rent account will show a smaller figure(2800-700 = 2100) This is the amount that will be shown in the prepaid rent account in the balance sheet. Of course it will be shown as an asset since it has a debit balance.</span>
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Which of these conditions signals that it is likely time to update or eliminate a
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Which of the following is an example of a successful effort at branding?
ruslelena [56]

The correct answer is B. The word "google" has been added to the dictionary.

Explanation:

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you are working to finish an assigned task in order to meet your ship goal when the co-workers and ask you for your help with so
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Read 2 more answers
Shoreline Insurance deposited $27,000 in an account paying 4 compounded daily on April 2 and deposited an additional $4,200 in t
nydimaria [60]

Answer:

Balance on balance on July 1 is $31490.67

Explanation:

given data

deposited P =  $27,000

time = April 2  to May 12 = 40 days

rate = 4 % = 0.04

solution

we get here first compound amount that is express as

amount = P × (1+\frac{r}{n})^{nt}     ...................1

put her value

amount = 27000 ×  (1+\frac{0.04}{365})^{(365\times \frac{40}{365})}  

amount = $27118.60

and

now we add here $4,200 in $27118.60 that will be

new principal P = $31318.60

and time t = 12 may to July 1 = 50 days

we get here amount that is put value in equation 1 we get

amount = $31318.60 ×  (1+\frac{0.04}{365})^{(365\times \frac{50}{365})}

solve it we get

amount = $31490.67

so that balance on balance on July 1 is $31490.67

5 0
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