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Scorpion4ik [409]
3 years ago
6

The trial balance of Blues Traveler Corporation does not balance.

Business
1 answer:
Anna [14]3 years ago
8 0

Answer:

Total DEBIT SIDE $24,509

Total CREDIT SIDE $24,509

Explanation:

Preparation of a corrected trial balance..

BLUES TRAVELER CORPORATION

Trial Balance April 30,2020

DEBIT SIDE

Cash $5,992

(5992+270-135-135=$5,992)

(1,890-1,620=270)

Accounts Receivable $5,010

(5,280-270=$5,010)

(1,890-1,620=270)

Supplies $3,007

Equipment $9,500

(6,140+3,360=$9,500)

Office Expense $1,000

(4,360-3,360=$1,000)

Total DEBIT SIDE $24,509

CREDIT SIDE

Accounts payable $7,084

Common stock $8,040

Retained earnings $2,040

Service revenue $7,345

(5,240+2,025+80=$7,345)

(2,290-265=2,025)

($5,320 - $5,240=80)

Total CREDIT SIDE $24,509

Therefore the corrected trial balance Total DEBIT SIDE and Total CREDIT SIDE will be $24,509

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Great Kids Co. began providing day care for the children of employees of a large corporation on January 15 for an agreed monthly
nirvana33 [79]

Answer:

A. A credit to Child Care Fees Earned of $4,500.

Explanation:

The journal entry to record this given transaction is shown below:

Cash A/c Dr $4,500

       To Child Care Fees Earned A/c $4,500

(Being the fees earned is recorded)

Since the payment is received that means cash balance is increased so we debited the cash account and credited the child care fees earned account.

The monthly fee is $9,000 but we have to compute for 15 days, so it would be

= $9,000 ÷ 2

= $4,500

7 0
3 years ago
In the dell case study, engineers working closely with marketing, used lean software development strategies and numerous technol
Karolina [17]

In the dell case study, engineers working closely with marketing used lean software development strategies and numerous technologies to create a highly scalable, singular data mart.

<h3>What is Marketing?</h3>

This refers to the act of promoting a business or a good or service to the general public.

Hence, we can see that based on the Dell case study, there was the use of software development strategies to make and develop a highly scalable, singular data mart.

Read more about marketing here:

brainly.com/question/25754149

#SPJ1

7 0
2 years ago
Pasadena Candle Inc. pays 40% of its purchases on account in the month of the purchase and 60% in the month following the purcha
garri49 [273]

Answer:

Explanation:

Cash budget for Pasadena Candle Inc.

Month                Purchased          Paid    

August               $40,000             $16,000

September        $36,000             $38,400

Calculations:

Month ending payment in September = 60 % x August purchases + 40 % x September purchases  = 0.60 x $ 40,000 + 0.40 x $ 36,000

 = $ 24,000 + $ 14,400 = $ 38,400

5 0
3 years ago
Which of the following most accurately explains why even if you won $1 million in a lottery, you still would not escape the scar
liubo4ka [24]

Answer:

All Individuals, whether rich or poor,are dissatisfied with their material well-being and would like more.

Explanation:

Individuals wanting more and not being satisfied with their material well being goes back to the fundamental problem of economics-unlimited human wants. Economists argue that human wants are unlimited and insatiable irrespective of their economic class. Whether rich or poor, no man is satisfied with his material well-being. Every man still feel something is lacking after acquiring so much or so little. He still has the scarcity problem.

This never-ending desire is embedded in the physiological make up of a man. When a man gets food, then he wants house. When he gets house, he wants car. When he gets a car, he wants to buy a private jet. In short, the more he gets, the more he wants more.

And that`s is the reason why you would win $1 million and stills not satisfied with having enough. You would still believe you lack something. You would still want to acquire more just to solve this scarcity problem.

Other options do not explain the problem ; they just points at microeconomics and macroeconomics issues.

5 0
3 years ago
The total demand for money is the sum of the transactions demand plus the ____________ demand for money.
Mkey [24]

Answer:

precautionary and speculative

Explanation:

Aggregating the transactional, precautionary and speculative demand for money, we get the total demand for money. This is sometimes known as the liquidity  preference curve, and is inversely related to the rate of interest.

Total demand for money=Transactions demand+precautionary and speculative demand for the money

Therefore, the answer to the question is precautionary and speculative

5 0
3 years ago
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