Business
Business, 11.02.2020 18:45, murtaghliam1

On May 1, Joseph Carpenter opened a printing business, Carpenter Printing Incorporated. Joseph invested $40,000 of his savings in exchange for capital stock of the business.

On May 2, Carpenter Printing rented office space and paid $5,500 for the May office rent. Comprehensive insurance is included in the rental contract.

On May 5, Carpenter Printing rented printing equipment and paid $3,000 for the May equipment rent.

On May 7, Carpenter Printing purchased supplies on account for $4,500, $2,000 of which will be unused at the end of May.

On May 9, Carpenter Printing printed and delivered $6,000 of brochures for the Casalasco Company. Casalasco Company paid Carpenter Printing $1,000 upon delivery on May 9, and will pay the balance on June 9.

On May 20, Hillyer Advertising Agency paid Carpenter Printing $10,000 in advance to print advertisements by June 5. The advertisements will be printed on June 3.

Assuming no further transactions, the Total Credits on the Trial Balance of Carpenter Printing Incorporated at the close of business on May 31 = ?

a.50,500

b.51,000

c.60,500

d.71,500

answer
Answers: 1

Other questions on the subject: Business

image
Business, 22.06.2019 04:40, mswillm
Dahlia enterprises needs someone to supply it with 127,000 cartons of machine screws per year to support its manufacturing needs over the next five years, and you’ve decided to bid on the contract. it will cost you $940,000 to install the equipment necessary to start production; you’ll depreciate this cost straight-line to zero over the project’s life. you estimate that in five years, this equipment can be salvaged for $77,000. your fixed production costs will be $332,000 per year, and your variable production costs should be $11.00 per carton. you also need an initial investment in net working capital of $82,000. if your tax rate is 30 percent and your required return is 11 percent on your investment, what bid price should you submit? (do not round intermediate calculations and round your final answer to 2 decimal places. (e. g., 32.16))
Answers: 3
image
Business, 22.06.2019 10:00, heavendl13
In a chapter 7 bankruptcy, a debtor:
Answers: 2
image
Business, 22.06.2019 17:50, nuggetslices
On january 1, eastern college received $1,350,000 from its students for the spring semester that it recorded in unearned tuition and fees. the term spans four months beginning on january 2 and the college spreads the revenue evenly over the months of the term. assuming the college prepares adjustments monthly, what amount of tuition revenue should the college recognize on february 28?
Answers: 2
image
Business, 22.06.2019 19:00, RoyalGurl01
Describe how to write a main idea expressed as a bottom-line statement
Answers: 3
Do you know the correct answer?
On May 1, Joseph Carpenter opened a printing business, Carpenter Printing Incorporated. Joseph inves...

Questions in other subjects: