Answer:
Explanation:
The debit and credit balance of trial balance is shown below:
Debit balance = Cash + Rent Expense + Dividends + Salaries Expense + Equipment + Accounts Receivable + Advertising Expense
= $12,850 + $2,400 + $1,500 + $4,300 + $12,935 + $5,700 + $1,370
= $41,055
And the credit balance = Service revenue + accounts payable + common stock
= $23,230 + $2,825 + $15,000
= $41,055
The preparation of the trial balance is given in the spreadsheet. Kindly find the attachment below:
Answer:
$85,260.
Explanation:
The Pound industries customer service department incurs $203,000 when 7,000 calls were made. The calls allocated to wholesale operations are 2,940 calls. To identify cost per call, we divide total cost by number of calls initiated.
Cost per call = $203,000 / 7000 calls
Cost per call = $29.
Wholesales operations cost = No. of calls for wholesale operation / Cost per call.
Wholesale operations cost = 2,940 calls * $29 / call
Wholesale operation cost allocated amount = $85,260.
"Guns or Butter" referrs to how you make decisions (i believe) guns you know its right or it is butter you are guessing and not sure if it is or not.
Answer:
b. Credit
Explanation:
Deferred revenue represents the revenue not earned, basically any advance payments received from customers, for which no goods are supplied or no services are provided yet.
Accordingly the company stands liable for such amount and shall repay in terms of goods or services, meanwhile this is shown as a liability in the balance sheet.
As liabilities has credit balance, deferred revenue also has credit balance.
