Hewitt Corporationâs Retained Earnings account balance was $108,000 on January 1. During January, the company recorded revenue of $600,000, expenses of $312,000, and dividends of $18,000. The company also paid a $42,000 account payable during the period. Determine the companyâs Retained Earnings account balance on January 31.
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Business, 22.06.2019 12:00, DeathFightervx
Need today! will get brainliest for right answer! compare and contrast absolute advantage and comparative advantage.
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Business, 22.06.2019 19:00, montgomerykarloxc24x
For each of the following cases determine the ending balance in the inventory account. (hint: first, determine the total cost of inventory available for sale. next, subtract the cost of the inventory sold to arrive at the ending balance.)a. jillâs dress shop had a beginning balance in its inventory account of $40,000. during the accounting period jillâs purchased $75,000 of inventory, returned $5,000 of inventory, and obtained $750 of purchases discounts. jillâs incurred $1,000 of transportation-in cost and $600 of transportation-out cost. salaries of sales personnel amounted to $31,000. administrative expenses amounted to $35,600. cost of goods sold amounted to $82,300.b. kenâs bait shop had a beginning balance in its inventory account of $8,000. during the accounting period kenâs purchased $36,900 of inventory, obtained $1,200 of purchases allowances, and received $360 of purchases discounts. sales discounts amounted to $640. kenâs incurred $900 of transportation-in cost and $260 of transportation-out cost. selling and administrative cost amounted to $12,300. cost of goods sold amounted to $33,900.a& b. cost of goods avaliable for sale? ending inventory?
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Business, 23.06.2019 01:40, Karinaccccc
The petty cash fund has a current balance of $ 350, which is the established fund balance. based on activity in the fund, it is determined that the balance needs to be changed to $ 450. which journal entry is needed to make this change?
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Hewitt Corporationâs Retained Earnings account balance was $108,000 on January 1. During January, th...
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