Business, 18.06.2020 03:57, erinolson07cats
The Sky Blue Corporation has the following adjusted trial balance at December 31.
Debit Credit
Cash $1,330
Accounts Receivable 3,000
Prepaid Insurance 3,300
Notes Receivable
(long-term) 4,000
Equipment 13,000
Accumulated Depreciation $3,600
Accounts Payable 5,920
Salaries and Wages Payable 1,100
Income Taxes Payable 3,900
Unearned Revenue 700
Common Stock 3,400
Retained Earnings 1,100
Dividends 400
Sales Revenue 47,330
Rent Revenue 400
Salaries and Wages
Expense 22,600
Depreciation Expense 1,800
Utilities Expense 5,220
Insurance Expense 1,900
Rent Expense 7,000
Income Tax Expense 3,900
Total $67,450 $67,450
1. Prepare closing journal entries on December 31.
2. Record the closing entry for revenues and expenses. Record the closing entry for dividends.
Answers: 3
Business, 22.06.2019 13:10, KillerSteamcar
A4-year project has an annual operating cash flow of $59,000. at the beginning of the project, $5,000 in net working capital was required, which will be recovered at the end of the project. the firm also spent $23,900 on equipment to start the project. this equipment will have a book value of $5,260 at the end of the project, but can be sold for $6,120. the tax rate is 35 percent. what is the year 4 cash flow?
Answers: 2
Business, 22.06.2019 17:20, shakira11harvey6
Andy owns islander surfboard inc. in the past, andy has always given his employees bonuses during the holidays if they reached certain sales goals. this year, even though the company is thriving, he decided to cut bonuses from employees and award them to himself instead. what ethical theory of leadership is andy following?
Answers: 1
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15. chef a insists that roux is the traditional thickener for bisque. chef b insists that it's rice. which chef is correct? a. neither chef is correct. b. both chefs are correct. c. chef b is correct. d. chef a is correct.
Answers: 1
The Sky Blue Corporation has the following adjusted trial balance at December 31.
Debit Credit
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