Business, 23.05.2020 20:58, girlydiy17

If an amount box does not require an entry, leave it blank.

a. In the T accounts, record the following transactions of Potter Pool Services for June, identifying each entry by number:

Potter invested $12,500 cash in the business.
Purchased supplies on account, $6,250.
Paid operating expenses, $5,500.
Billed clients for fees, $7,440.
Received cash from cash clients, $4,700.
Paid creditors on account, $1,400.
Received $3,100 from clients on account.
Withdrew $1,500 cash for personal use.

b. Prepare a trial balance as of June 30 for Potter Pool Servcies.

c. Assuming that supplies expense (which has not been recorded) amounts to $1,500 for June. determine the following:

(1) Net income for the month
(2) Stockholders' equity as of June 30.

Answers: 2

Show answers

Other questions on the subject: Business

Business, 21.06.2019 14:30, savannahvargas512

John f. kennedy believed that a leader should be elected successful a lifelong student in the military

Answers: 3

continue

Business, 21.06.2019 22:40, ipcmeaganlatham

wilson's has 10,000 shares of common stock outstanding at a market price of $35 a share. the firm also has a bond issue outstanding with a total face value of $250,000 which is selling for 102 percent of face value. the cost of equity is 11 percent while the preminustax cost of debt is 8 percent. the firm has a beta of 1.1 and a tax rate of 34 percent. what is wilson's weighted average cost of capital?

Answers: 3

continue

Business, 22.06.2019 02:30, chloesmolinski0909

You have learned that there are many ethical concerns surrounding genetic research, and it's important to be familiar with them. for this project, you will write a persuasive essay about an ethical question in biotechnology. directions the goal of a persuasive essay is to convince people to agree with you. it is important to support your opinion with facts. a persuasive essay is not simply a description of your beliefs. be sure to organize your information, give clear examples, and build your argument carefully. read the following genetics topics below. choose a topic and then decide what side you are on. remember that there is no "right" or "wrong" side. ethical questions often have many points of view. research your topic and write a 400 word persuasive essay. topic 1: should insurance companies have the right to learn the genetic profiles of the people they insure? topic 2: should employers have the right to learn the genetic profiles of the people they hire? are there special considerations for employees in jobs in which there is a high risk to others, such as airline pilots, doctors, or bus drivers? topic 3: should scientists who identify genes and create new genetic engineering techniques have the right to patent their methods for their own profit?

Answers: 1

continue

Business, 22.06.2019 03:10, elijahcarson9015

Complete the sentences. upper a decrease in current income taxes the supply of loanable funds today because it a. decreases; increases disposable income, which decreases saving b. has no effect on; doesn't change expected future disposable income c. decreases; decreases expected future disposable income d. increases; increases disposable income, which encourages greater saving upper a decrease in expected future income a. increases the supply of loanable funds today because households with smaller expected future income will save more today b. has no effect on the supply of loanable funds c. decreases the supply of loanable funds because it decreases wealth d. decreases the supply of loanable funds today because households with smaller expected future income will save less today

Answers: 3

continue

Do you know the correct answer?

If an amount box does not require an entry, leave it blank.

a. In the T accounts, recor...