1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lina2011 [118]
3 years ago
10

Sheffield Company discovered the following errors made in January 2022.

Business
1 answer:
Tasya [4]3 years ago
4 0

Answer:

A)

1. Dr Cash 400

    Cr Equipment 400

Dre Wages expense 400

    Cr Cash 400

2. Dr Service revenue 550

    Cr Cash 550

Dr Cash 5,500

    Cr Service revenue 5,500

3. Dr Accounts payable 260

    Cr Equipment 260

Dr Equipment 620

    Cr Accounts payable 620

B)

1. Dr Wages expense 400

    Cr Equipment 400

2. Dr Cash 4,950

    Cr Service revenue 4,950

3. Dr Equipment 360

    Cr Accounts payable 360

You might be interested in
In Crane Company, land decreased $154000 because of a cash sale for $154000, the equipment account increased $55000 as a result
Naya [18.7K]

Option (B) The net cash provided by investing activities is $99000 is correct.

<h3>What is net cash?</h3>
  • On a company's financial statements, net cash is a sum that is given.
  • It is determined by deducting a company's total cash from its total liabilities.
  • When assessing the cash flows of a corporation, the net cash figure is frequently utilized.
<h3>What is cash flow?</h3>
  • The net balance of money coming into and going out of a business at a particular period is referred to as cash flow.
  • A firm constantly receives and expends cash.
  • For instance, when a retailer buys merchandise, money leaves the company and goes to its suppliers.
<h3>Calculation of Net cash provided by investing activities:</h3>

Net cash provided by investing activities = land ($154000 cash inflow) - equipment purchase ($55000 cash outflow) = $99000

Hence, The net cash provided by investing activities is $99000.

Learn more about cash flow here:

brainly.com/question/18301012

#SPJ4

5 0
2 years ago
HELP on this question ⁉️
UkoKoshka [18]
I think they would cheat and pay less because people like money. They don’t want to spend their own money to help others.
7 0
3 years ago
Read 2 more answers
On August 1, Kim Company accepted a 90-day note receivable as payment for services provided to Hsu Company. The terms of the not
Andreyy89

Answer:

credit to interest revenue for $132

Explanation:

given data

face value = $8,800

interest rate = 6 %

time = 90 days

solution

if we see here journal entry that is

date                  particular                                   debit                      credit

October 30       cash A/C                                   $8932

                          to notes payable                                                    $8800

                          to interest revenue                                                $132

                          ( $8800× 6% × \frac{90}{360} )

so here credit to interest revenue for $132

6 0
3 years ago
People do all kinds of work from home, including research, management, marketing, and creative work.
Butoxors [25]
Yes they do now, if your creative and can think outside the box all you need is wifi
8 0
3 years ago
When the Fed announces that it is raising interest rates, this signals its intention to _______ bonds in the open market and ___
Veronika [31]

Answer:

Sell; Reduced

Explanation:

Open market operation is one of the monetary policy instrument in which there is a buying and selling of government bonds in the market.

OMO is also used for controlling the money supply in an economy.

If fed increases the interest rate on bonds then as a result people wants to purchase bonds for earning higher returns.

This clearly shows the intention of fed to sell bonds to the public and hence, there is a flow of cash from the public to fed which will reduce the money supply in an economy.

4 0
4 years ago
Other questions:
  • Which of the following statements comparing debit cards to credit cards to credit cards is true?
    12·1 answer
  • What is the strongeat type of chemical bond
    12·1 answer
  • Riverbed Company has an old factory machine that cost $54,000. The machine has accumulated depreciation of $30,240. Riverbed has
    8·1 answer
  • LO 5.2What is the difference between prime costs and conversion costs?
    8·1 answer
  • Suppose China exports TVs and uses the yuan as its currency, whereas Russia exports vodka and uses the ruble. China has a stable
    10·1 answer
  • Please explain whether the following statements are true or false. If the owner of a business pays himself no​ salary, then the
    15·1 answer
  • Arntson, Inc., manufactures and sells two products: Product R3 and Product N0. The annual production and sales of Product of R3
    11·1 answer
  • Which of these is NOT a safe skill to employ in the presence of road workers?
    13·1 answer
  • Carnes Cosmetics Co.'s stock price is $51, and it recently paid a $3.00 dividend. This dividend is expected to grow by 25% for t
    10·1 answer
  • A couple owns a life insurance policy with a Children’s Term rider. Their daughter is reaching the maximum age of dependent cove
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!