Business
Business, 03.02.2021 22:00, melanieambrosy

Some of the January transactions of City flights are listed below Jan 3 Paid $3,520 rent for hangar space during January. Jan 4 Placed advertising in local newspaper for publication during January. The agreed price of $860 was payable within 10 days after the end of the month. Jan 7 The business City Flights took a loan from the bank of amount $20,000.The loan has to be paid back to the bank as Accounts payable. Jan 15 O. Wright the owner withdrew $7,500 cash for personal use. Jan 16 Paid salaries to employees for services rendered in first half of January $13,200. Jan 25 Provided transportation for executives of the Hurley Corporation a long time credit customer. Sent bill for $ 470 due within 30 days. Jan 29 Received a bill from Western Oil Company for fuel used in January amounting to $4,360 and payable by February 10. Jan 31 Paid $3,372 to Steven Motors for repair and maintenance work during January.

answer
Answers: 3

Other questions on the subject: Business

image
Business, 22.06.2019 00:00, adayisenga
Which part/word/phrase in the passage refers to a business’s financing activity seen in a cash flow statement? nathan works as an accountant in a footwear manufacturing company. he is currently preparing the cash flow statement for his employer. during the given accounting period, the company purchased raw materials worth $25,000. it also bought new equipment worth $75,000 to increase its production output. further, it borrowed a long-term bank loan of $100,000 to facilitate further expansion. finally, the company spent $50,000 on advertising its latest brand of footwear in the market. {lol i guessed its "it borrowed a long-term bank loan of $100,000 to facilitate further expansion" and thats correct}
Answers: 1
image
Business, 22.06.2019 08:30, shauntleaning
Match the given situations to the type of risks that a business may face while taking credit. 1. beta ltd. had taken a loan from a bank for a period of 15 years, but its sales are gradually showing a decline. 2. alpha ltd. has taken a loan for increasing its production and sales, but it has not conducted any research before making this decision. 3. delphi ltd. has an overseas client. the economy of the client’s country is going through severe recession. 4. delphi ltd. has taken a short-term loan from the bank, but its supply chain logistics are not in place. a. foreign exchange risk b. operational risk c. term of loan risk d. revenue projections risk
Answers: 3
image
Business, 22.06.2019 11:00, nicko10
The following transactions occurred during july: received $1,000 cash for services provided to a customer during july. received $4,000 cash investment from bob johnson, the owner of the business received $850 from a customer in partial payment of his account receivable which arose from sales in june. provided services to a customer on credit, $475. borrowed $7,000 from the bank by signing a promissory note. received $1,350 cash from a customer for services to be rendered next year. what was the amount of revenue for july?
Answers: 1
image
Business, 22.06.2019 19:20, natajayd
The following information is from the 2019 records of albert book shop: accounts receivable, december 31, 2019 $ 42 comma 000 (debit) allowance for bad debts, december 31, 2019 prior to adjustment 2 comma 000 (debit) net credit sales for 2019 179 comma 000 accounts written off as uncollectible during 2017 15 comma 000 cash sales during 2019 28 comma 500 bad debts expense is estimated by the method. management estimates that $ 5 comma 300 of accounts receivable will be uncollectible. calculate the amount of bad debts expense for 2019.
Answers: 2
Do you know the correct answer?
Some of the January transactions of City flights are listed below Jan 3 Paid $3,520 rent for hangar...

Questions in other subjects: