The total of the debit account balances that will be reported on the company's adjusted trial balance at December 31, Year 1 is B) $9,000
Nelson Company Adjusted trial balance at December 31, Year 1
Debit side
Cash $3,600
($3,800+$1,700-$1,900)
Account Receiveble $1,600
($3,300-$1,700)
Supplies $500
Land $1,900
Salaries expenses $1,400
Total debit balance $9,000
Credit side
Account payable $500
Salaries payable $1,400
Common stock $3,800
Service revenue $3,300
Total Credit balance $9,000
Inconclusion The total of the debit account balances that will be reported on the company's adjusted trial balance at December 31, Year 1 is B) $9,000
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Answer:
a) planning
Explanation:
Shondra performing the planning process of management functions. Planning means, first of all looking ahead and chalking out future courses of activity to be followed by each and every member of an organization as here Shondra is setting up a new department soon after she is chalking out future courses of duty of the manager and every member of the particular department which is very important for the smooth and effective running of an organisation.
Oh my chocolate milkshake so many IT can color Pepsi turn around there’s a grand kick your out of a
Answer:
$48,500
Explanation:
Price $42,500
Sales tax on the purchase $2,500
shipping and preparation costs $3,500
$42,500+$2,500+$3,500=$ 48,500
Therefore the truck should be recorded on the balance sheet prior to recording depreciation expense with $48,500
Answer:
$6 billion
Explanation:
Calculation to determine what consumption spending would initially decrease by
Using this formula
Decrease in Consumption spending=MPC * New taxes on household income
Let plug in the formula
Decrease in Consumption spending=0.6*$10 billion
Decrease in Consumption spending=$6 billion
Therefore consumption spending would initially decrease by $6 billion
