Answer:
*** Cash $37,500
Explanation:
Optimum weight loss classified balance sheet .
Assets
Current assets
Cash $37,500
Account receivables $116,750
Prepaid insurance $7,200
Prepaid rent $21,000
Supplies $4,800
Total current assets $187,250
Non current assets
Equipment $474,150
Less
Accumulated depreciation $186,400
NBV $287,750
Land $300,000
Total non current assets
$587,750
Total assets
$775,000
Liabilities
Accounts payable $37,700
Salaries payable $9,000
Unearned fees $18,000
Total liabilities
$64,700
Equity
Common $75,000
Retained earnings $635,300
Total equity
$710,000
Total liabilities + equity
$710,300 + $64,700 = $775,000
Answer:
Answer is given in the attachment.
Explanation:
Which accounting principle dictates whether the cost of a repair should be expensed?
d. matching
As per matching concept, All revenues have to be recorded along with expenses incurred to earn those revenues. Thus, revenues need to be accounted.
Answer: Recruitment manager
Explanation: Recruitment manager are managers working in relation with the human resource department of the organisation and are responsible for hiring and firing of the personnel in the organisation. The main role of recruitment manager is to find competent employees to the organisation at a reasonable cost. Recruitment managers perform functions like interviews , reference check and background check etc for competent employees recruitment.
Answer:
$66,200
Explanation:
Given,
Purchases in May = $59,000
Purchases in June = $78,000
Purchases in July = $92,000
All purchases are paid 40% in the month of purchase and 60% the following month.
Therefore,
Amount paid in June = 60% purchases in May + 40% Purchases in June
= 60% × $59000 + 40% × $78000
= $35000 + $31200
= $66,200
