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sveta [45]
3 years ago
12

The income statement of Sheridan Company for the month of July shows net income of $3,480 based on Service Revenue $7,890, Salar

ies and Wages Expense $2,860, Supplies Expense $940, and Utilities Expense $610. In reviewing the statement, you discover the following:
1. Insurance expired during July of $470 was omitted.
2. Supplies expense includes $410 of supplies that are still on hand at July 31.
3. Depreciation on equipment of $150 was omitted.
4. Accrued but unpaid wages at July 31 of $320 were not included.
5. Service performed but unrecorded totaled $640.
Prepare a correct income statement for July 2014.
Business
1 answer:
ANEK [815]3 years ago
8 0

Answer:

what do u want from me monq I told you bye so bye mean bye

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Many owners of consulting companies took their own skills and launches businesses by selling those skills to other companies who
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education and expertise

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Based on the scenario being described within the question it can be said that this is an example of education and expertise. By learning a skill or trade and gaining experience by continuously practicing and improving those skills anyone can sell those skills to other individual's or company's that require those skills but do not possess them. Such as the individuals in this scenario did.

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Which research method involves manipulating a variable in order to determine how it affects another variable (in a cause and eff
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Why don't many developing countries benefit from the spread of free trade?
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My best guess is A because they maintain high tariffs on the agriculture custom many developing countries export.
3 0
3 years ago
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When companies study the possibility of moving to the Cloud, they often perceive that security is a roadblock to making things h
Georgia [21]

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Informing client of Accenture's firewall smart an innovative technology deployed right from the off in other to check and prevent security throughout the integration process.

Explanation:

Accentre should tell client about the companies model on how they intend to tackle such security concerns associated with the cloud. This is what a client whose fear is about security wants to hear. Once, Accenture explains how to the client about their early integration framework coupled with innovative technologies and firewalls geared at checking and preventing security breach, the client should be convinced and his fears allayed.

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2 years ago
Open a general journal for the City of Monroe Community Foundation Trust Fund and record the following transactions for the year
ICE Princess25 [194]

Answer:

The beginning part of the question is found below:

The City of Monroe Scholarship Foundation private-purpose trust fund had the following account balances on January 1, 2017:

                                                     Debits                                  Credits

Cash                                             $49,500

Accrued Interest Receivable       $7,500

Investments in Corporate Bonds $750,000

Net Assets Held in Trust                                                      $807,000

Totals                                            $ 807,000                       $ 807,000

Find below the necessary journal entries in the explanation section:

Explanation:

The interest received =6%*$750,000*6/12=$22,500

Dr Cash            $22,500

Cr Interest income(balance)       $15,000          

Cr Accrued interest receivable   $7,500

Additional funds of $205,500 received:

Dr Cash                  $205,500

Cr donation income                $205,500

the investment of $200,000 in corporation stock

Dr investment in corporation stocks  $200,000

Cr Cash                                                                  $200,000

receipt of half of the year annual interest on bonds(as calculated above at $22,500)

Dr cash    $22,500

Cr Interest income   $22,500

cash is debited when there is an inflow and credited in case of outflows

The investment account is debited because it is an asset

8 0
3 years ago
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