All categories

3 years ago

The following information is taken from the 2022 general ledger of Sunland Company.

Business

1 answer:

kaheart [24]3 years ago

7 0

Answer:

Prepaid Rent - Dec 31 $12,580

Rent Expenses $51,000

Less: Prepaid rent Jan 1 $10,030

Cash payment for Rent $53,550

Salaries & Wages payable - Dec 31 $13,600

Salaries & Wage expense $91,800

Less: Salaries & wages payable Jan 1 $13,400

Cash payment for Salaries $92,000

Accounts receivables - Jan 1 $27,200

Sales revenue $272,000

Less: Accounts receivables, Dec 31 $11,900

Cash receipts from customer $287,300

You might be interested in

Plz help...... What is a term deposite

g100num [7]

A time deposit or term deposit is a deposit in a financial institution with a specific maturity date or a period to maturity, commonly referred to as its “term”. Time deposits differ from at call deposits, such as savings or checking accounts, which can be withdrawn at any time, without any notice or penalty.

7 0

2 years ago

Read 2 more answers

The Planning process team is progressing. The team has involved a number of expert opinions in trying to approximate the costs n

Andrei [34K]

Answer:

Chart of accounts.

Explanation:

Chart of account set up the codes which is used to determine the project cost. Under chart of account each account is assigned unique number and name. Example of chart of accounts include balance sheet accounts, asset accounts, liability accounts, revenue accounts, expenditure accounts, etc.

Chart of account is usually used by an organization to show that what amount of money is received or spent by each class of items. By segregating expenditure, revenues, liability, assets, etc. it provide better understanding to an organization about financial health.

8 0

3 years ago

Cranial Inc.has newly set up a website where customers can obtain information as well as buy its products.It notices that people

IceJOKER [234]

Answer: D) Search engine optimization

Explanation:

When you search for a query and various websites pop up, the websites that you would most likely pick are the very first ones that you see and these websites are so high up because they have very good search engine optimization.

Search engine optimization increases the visibility of a website so that people can be able to find the website better. The major way it does this is by using keywords that people search. Cranial Inc. needs to work on its Search engine optimization so as to increase traffic to their website.

3 0

3 years ago

Read 2 more answers

Eleven baseballs are randomly selected from the production line to see if their stitching is straight. Over time, the company ha

zhenek [66]

Answer:

The production quality deviates from the standard. Production should de stopped.

Explanation:

Quality management is the process of detecting and reducing or eliminating errors in manufacturing. The focus of the process is to improve the quality of an organization's outputs.

The company standard of production is that 98,3% of their stitching must be straight. The quality can't be lower than that percentage. Any deviation must be analyzed and fixed.

In this case, 81% of the baseballs reach the minimum standard. The production should be stopped to find the cause of the deviation.

5 0

3 years ago

1 Madison Harris, the owner, invested $6,800 cash and $33,800 of photography equipment in the company in exchange for common sto

bekas [8.4K]

Answer:

Trial Balance

Account DEBIT CREDIT

Cash 6,416** -

Account Receivable

Prepaid Insurance 2,400 -

Supplies 910

Equipment 33800

Common Stock 40600*

photography fees 3631

utilities expense 705

TOTAL 44,231 44,231

Explanation:

*Common stock:

6,800 cash + 33,800 equipment = 40,600 total investment

**to calculate cash we need to do a T account

CASH

DEBIT CREDIT

6800

2400

910

3631

705

10,431 4,015

BAL: 6,416

The rest of the account are just used once so we do't have to do T-accounts to keep track of them

4 0

3 years ago