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Marina86 [1]
3 years ago
11

- A negative monthly balance indicates that:

Business
1 answer:
GrogVix [38]3 years ago
7 0

Answer:

Someone owes you money

Explanation:

negative balance simply means that your card issuer owes you money,

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The Stores and Service Fund of the City of Monroe had the following account balances as of January 1, 2017:
aleksklad [387]

Answer and Explanation:

The Journal entry is shown below:-

1. No Journal entry is required

2. Cash Dr, $27,000

          To Due from other funds $27,000

(Being the cash collected which is due from others is recorded)

3. Inventory of suppliers Dr, $307,000

            To Accounts payable $307,000

(Being purchase of supplies is recorded)

4. Advance from water utility fund Dr, $15,000

           To Cash $15,000

(Being repayment of advance of water utility fund is recorded)

5. Operating expenses Dr, $296,960

($250,560 + $46,400)

           To Inventory of supplies $296,960

(Being issue of supplied is recorded)

5. Due from other funds Dr, $371,200

($313,200 + $58,000)

            To Revenue charged for services and sales $371,200

(Being the charge of supplies is recorded)

6. Operating expenses of sale and services Dr, $49,400

($15,000 + $16,900 + $17,500)

Operating expenses of administrative Dr, $9,000

            To Accounts payable $58,400

(Being operating expenses is recorded)

7. Cash Dr, $350,000

($310,000 + $50,000)

          To Due from others $350,000

(Being cash received from general fund is recorded)

8. Accounts Dr,$365,000

          To Cash  $365,000

(Being the payment of accounts payable is recorded)

9. Operating expenses cost of depreciation Dr, $14,600

          To Accumulated Dep - Building $10,000

           To Accumulated Dep - Equipment $4,600

(Being depreciation expenses is recorded)

Revenue charged for sales and services Dr, $444,200

          To operating expenses cost of depreciation $14,600

          To operating expenses cost of administrative $9,000

          To operating expenses cost of sale and services $49,400

          To operating expenses cost of sale $371,200

(Being transfer the operating expenses is recorded)

5 0
3 years ago
23 points left out<br><br> :$&amp;:$:&amp;,&amp;,&amp;,,
lawyer [7]

Answer:

Is this one of the people that give free points?

3 0
3 years ago
Read 2 more answers
Henrique​ Correa's bakery prepares all its cakes between 4 A.M.and 6 A.M.so they will be fresh when customers arrive.​ Day-old c
romanna [79]

Answer:

24.7215

Explanation:

Given;

Discount = 50%

Regular price, p = $8

cost of cake, c = $5

salvage value, s = 50% of $8 = $4

Mean = 20

Standard deviation, σ = 7

Now,

Underage cost, Cu = p - c

= $8 - $5

= $3

Overage cost, Co = c - s

= $5 - $4

= $1

P ≤ \frac{C_{u}}{(C_{u}+C_{o})}

P ≤  \frac{3}{(3+1)}

P ≤ 0.75

The Z value for the probability 0.75 is 0.6745

The optimal stocking level = Mean + ( z × σ )

= 20 + 0.6745 × 7

= 24.7215

7 0
3 years ago
As a result of Luis putting a "stop payment" on a check that he wrote, Luis will
vodka [1.7K]

Answer:c

Explanation:

7 0
3 years ago
Travis has agreed to invest $16,000 in a partnership with his sister and brother-in-law. He does not intend to actively work in
german

Answer:

D. Limited partner

Explanation:

Limited partner -

It is one of the owner of a company or organization , where the liability of the firm's debt is not allowed to raise than the other investor of the company .

Limited partner is also known as silent partners .

The limited partner has very restricted voting rights on the business of the company , and even is not involved in the day - to - day activity of the business .

The role of the limited partner is to invests some amount of money for exchange of the shares in a partnership .

Hence , from the information of the question ,

Travis is a Limited partner in the given partnership .

6 0
3 years ago
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