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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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The definition of environmentalism is_____.
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Answer:

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The replacement period ends on December 31,2023 based on the information given about the insurance.

<h3>How to explain the information?</h3>

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What is the weighted average cost of capital (WACC) for ABC Limited which has the following capital structure? $5m of equity wit
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The weighted average cost of capital (WACC) for ABC Limited is 12.63%

The weighted average cost of capital(WACC) of a firm is the average cost of finance incurred by the firm on all its sources of finance.

It is determined as the sum of the cost of each source of finance multiplied by their respective weights in the firm's capital structure.

By weights, I mean the percentage of funding each source contributes to the total finance available at the firm's disposal.

WACC=(weight of equity*cost of equity)+(weight of mezzanine finance*cost of mezzanine finance)+(weight of debt*cost of debt)

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