Business
Business, 21.02.2020 03:56, AkramMasoud

TRANSACTIONS1. John Amos started the business with a cash investment of $60,000.2. Purchased equipment for $22,000 on credit.3. Performed services for $3,100 in cash.4. Purchased additional equipment for $4,600 in cash.5. Performed services for $5,050 on credit.6. Paid salaries of $4,450 to employees.7. Received $3,200 cash from charge account customers.8. Paid $13,000 to a creditor onaccount. show how each transaction would be recorded in the accounting equation. (enter decreases to account balances with a minus sign.)

answer
Answers: 3

Other questions on the subject: Business

image
Business, 22.06.2019 01:10, ltawiah8393
Suppose someone wants to sell a piece of land for cash. the selling of a piece of land represents turning econ
Answers: 3
image
Business, 22.06.2019 14:10, miacervenka
When paul o’neill joined alcoa as ceo, he set a , that there would be zero workplace accidents. a lot of people in the organization thought this was impossible given how dangerous some aluminum-manufacturing jobs are, but alcoa’s safety record improved tremendously. as the board of governors of the american red cross considers planning, one option is to make strategic plans and then direct managers to align tactical and operational plans accordingly. another option is to have planning specialists managers across the organization make their own plans. why might this organization’s executives opt for the latter approach? check all that apply. (a) the environment is a dynamic one, and department and frontline managers can come up with more responsive plans than can central leadership. (b)resources will be better coordinated across the organization in support of the overall strategy.(c) senior leadership will have more control over the organization’s direction. (d)when managers come up with their own plans, they are likely to be more committed to following through on them.
Answers: 2
image
Business, 22.06.2019 20:40, bbygrill
Robert owns a life insurance policy that he purchased when he first graduated college. it has a $100,000 death benefit and robert pays premiums for it every month out of his checking account. the insurance robert has is most likely da. permanent life insurance o b. term life insurance o c. group life insurance o d. individual life insurance
Answers: 1
image
Business, 22.06.2019 21:40, brianmondesir1owahud
Rebel technology maintains its records using cash-basis accounting. during the year, the company received cash from customers, $43,000, and paid cash for salaries, $23,500. at the beginning of the year, customers owe rebel $1,000. by the end of the year, customers owe $6,600. at the beginning of the year, rebel owes salaries of $5,600. at the end of the year, rebel owes salaries of $3,300. determine cash-basis net income and accrual-basis net income for the year.
Answers: 2
Do you know the correct answer?
TRANSACTIONS1. John Amos started the business with a cash investment of $60,000.2. Purchased equipme...

Questions in other subjects:

Konu
Mathematics, 25.05.2021 17:30
Konu
Mathematics, 25.05.2021 17:30