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Zanzabum
2 years ago
8

The following transactions for the month of March have been journalized and posted to the proper accounts. Mar. 1 The business r

eceived a $9,000 cash contribution from the owner. Mar. 2 Paid the first month's rent of $600. Mar. 3 Purchased equipment by paying $4,000 cash and executing a note payable for $5,000. Mar. 4 Purchased office supplies for $600 cash. Mar. 5 Billed a client for $10,000 of design services completed. Mar. 6 Received $8,000 on account for the services previously recorded. What is the balance in Accounts Receivable
Business
1 answer:
inna [77]2 years ago
8 0

Answer:

$2,000

Explanation:

Calculation for What is the balance in Accounts Receivable

Credit sales $10,000

Less : Collection ($8,000)

Account receivable $2,000

Therefore the balance in Accounts Receivable will be $2,000

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Portions of the financial statements for Peach Computer are provided below.
mamaluj [8]

Answer:

$128,100

Explanation:

PEACH Computer

Statement of cash flow using direct method for the year ended 31 December 2018.

Cash flows from operating activity

Net income. $91,000

Adjustment to reconcile net income to net cash from operations

Depreciation expense. $47,000

Changes in working capital

Decrease in accounts re. $4,200

Increase in inventory. ($18,500)

Decrease in prepaid rent $1,700

Increase in accounts Payable $6,500

Decrease in Income tax Payable ($3,800)

Net cash flow from operating activities

$128,100

4 0
3 years ago
Difference between seasonal and off seasonal vegetable farming​
neonofarm [45]

Answer:

Hey mate.....

Explanation:

This is ur answer......

<em>Different vegetable grows in the different environment. A vegetable that can adjust to all kind of temperature is the seasonal vegetable. A vegetable which is grown in any season using technology is an off-season vegetable.</em>

Hope it helps!

Brainliest pls!

Follow me :)

8 0
2 years ago
If a cost's step-cost behavior follows very narrow steps, the costs may be approximated using:
Alex777 [14]

Answer:

The correct answer is (C) straight variable cost assumptions.

Explanation:

If the total cost increases with small increases in activity, it may be referred to as a step-variable cost.

6 0
3 years ago
An increase in the expected rate of inflation: shifts the short-run Phillips curve down. shifts the short-run Phillips curve dow
ZanzabumX [31]

Answer:

shifts the short-run Phillips curve up

Explanation:

The Phillips curve is a graph that shows the relationship between inflation and unemployment. In the short run, there is an inverse relationship between inflation and unemployment. The Phillip curve submits that high inflation is the cost to pay for economic growth. economic growth is accompanied by low unemployment. In the long run, there is no trade-off between inflation and unemployment.

An increase in expected inflation leads to an upward shift of the Phillips curve in the short run. Unemployment would stay unchanged. While a decrease in expected inflation leads to a downward shift of the Phillips curve

Stagflation in the 1970s have disproved the Phillips curve. Stagflation is when there is high unemployment and high inflation  

7 0
3 years ago
1. You will receive a Financial Aid Award Letter... *
Marrrta [24]
After you have completed the FAFSA and applied to colleges
5 0
3 years ago
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