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Mnenie [13.5K]
3 years ago
12

Macro Company has the following adjusted accounts and balances at June 30:

Business
1 answer:
leva [86]3 years ago
7 0

Answer:

                                            <em> Debit              Credit</em>

                                                  $                   $

Cash                                        1000  

Account receivable                 530  

Supplies                                   690  

Prepaid rent                             40  

Software                                   190  

Equipment                                1380  

Accumlated depreciation                             230

Accumlated Amortization                             140

Account payable                                           80

Income tax payable                                       30

Unearned revenue                                        90

Notes payable                                               1280

Common stock                                              280

Retained earnings                                         110

Sales revenue                                               3530

Interest revenue                                            50

Depreciation expenses                                 100  

Interest expenses                                          170  

Income tax expenses                                    100  

Office expenses                                             800  

Rent expenses                                                380  

Salaries and wages expenses   <u>                    640</u>  

TOTAL                                        <u> 6020          6020</u>

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Marshall Welding Company has two service departments (Cafeteria and Human Resources) and two production departments (Machining a
Serhud [2]

Answer:

the  cost of Human Resources would be allocated to Machining is $480,000

Explanation:

The computation of the cost of Human Resources would be allocated to Machining is given below:

= Cost of the human resource × machining department ÷ (machining department + assembly department)

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hence, the  cost of Human Resources would be allocated to Machining is $480,000

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3 years ago
On January 1, 2019, Tonika Company issued a five-year, $10,000, 8% bond. The interest is payable annually each December 31. The
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Answer:

So book value at the end of December will be $9676

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4 0
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Explain business activities and classification ?<br><br>​
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Answer:

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