All categories

3 years ago

Transactions for Sunland Company for the month of June are presented below.

Business

1 answer:

aev [14]3 years ago

6 0

Answer:

Date Account Detail Debit Credit

June 1 Cash $4,080

Common Stock $4,080

Date Account Detail Debit Credit

June 2 Equipment $1,720

Accounts Payable $1,720

Date Account Detail Debit Credit

June 3 Rental expense $910

Cash $910

Date Account Detail Debit Credit

June 12 Accounts Receivable $800

Welding Revenue $800

You might be interested in

The financial statements of Flathead Lake Manufacturing Company are shown below. Income Statement 2017 Sales $ 9,300,000 Cost of

Nina [5.8K]

Question attached

Answer and Explanation:

Answer and explanation attached

4 0

3 years ago

Congress passed the Sarbanes-Oxley Act to

fiasKO [112]

To… help protect investors from fraudulent financial reporting by corporations

8 0

2 years ago

Look at the following email (attached). Name two good email netiquette practices used in the

Kipish [7]

Two good email etiquettes practices used in email are:

Inserting a Subject
Keep the email short and restricted to three paragraphs.

Two bad email etiquettes used in the email above are:

Indiscriminate use of the exclamation mark
Discussing personal issues in a formal email.

<h3>What are email etiquettes?</h3>

The use of acceptable language, standards, and politeness in an email is referred to as email etiquette. Business emails often need formal language as well as rigorous respect to appropriate grammar and spelling.

Five useful E-mail Etiquette are:

Address your addressee appropriately. Check, double-check, and triple-check that you have the right spelling of the recipient's name and title.
Proper greetings and closing statements should be used.
Format correctly.
Avoid using ALL CAPS.
Large files should be compressed.

Learn more about email etiquette:
brainly.com/question/11498233
#SPJ1

8 0

1 year ago

Bennett Co. has a potential new project that is expected to generate annual revenues of $262,100, with variable costs of $144,00

swat32

Answer:

Operating cash flow= $29,886

Explanation:

Giving the following information:

Sales= $262,100

Total variable cost= $144,000

Total fixed costs= $61,300.

Annual interest expense of $24,500. The annual depreciation is $25,200 and the tax rate is 34 percent.

<u>We need to determine the operating cash flow:</u>

Sales= 262,100

Total variable cost= (144,000)

Contribution margin= 118,100

Total fixed costs= (61,300)

Depreciation= (25,200)

Interest= (24,500)

EBIT= 7,100

Tax= (7,100*0.34)= (2,414)

Depreciation= 25,200

Operating cash flow= 29,886

7 0

3 years ago

Depreciation is a _____, a cost that cannot be affected by any future action.

stiks02 [169]

<span> <span><span>Depreciation is a </span>sunk cost. </span></span>It is the value lost on an asset after consumption. In accounting, depreciation cost qualifies as a sunk cost because it is already lost and cannot be recovered. For that reason, it is correct to ignore depreciation cost when determining the future course of a business.

7 0

3 years ago

Read 2 more answers