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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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Answer:

Option B (150) is the correct answer.

Explanation:

Given:

Nominal GDP,

= $900

Money velocity,

= 6

As we know,

⇒ Nominal \ GDP=Quantity \ of \ demanded \ money\times Money \ velocity

By putting the vales, we get

⇒                    900=Quantity\times 6  

⇒           Quantity=\frac{900}{6}

⇒                           =150

7 0
2 years ago
The College Bookstore sells a unique calculator to college students. The demand for this calculator has a normal distribution wi
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Answer:

A) 200 units

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normal consumption during lead-time:

= mean demand × lead time

= 20 × 9

= 180 calculators

safety stock = z × SD × √L

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                    = 1.96 × 4 × 3

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reorder point = normal consumption + safety stock

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Between and , the u. s. dollar ______ against the canadian dollar. between and , the u. s. dollar ______ against the
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Answer:

would be the dollar value between the US and Canadian

4 0
2 years ago
The right side of the balance sheet shows the firm's liabilities and stockholders' equity. Which of the following best describes
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Answer:

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2. D. $83

Explanation:

Req. A

We know,

The accounting equation is

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Therefore, total asset - total liabilities = total stockholders' equity

So, we can say that equity is the difference between the company's assets and liabilities. However, equity cannot be claimed before the liabilities. Therefore, the option "A" is the correct answer.

Req. B

                          Now Inc.

      Statement of retained earnings

For the year ended, December 31, 20XX

Beginning retained earnings (Last year)                $527

Add: Net Income (Current year)                                 176

Less: Dividend (Balancing)                                   <u>     </u><u>(83)</u>

Ending retained earning (Current year)                 $620

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