Cash $371 Accounts Payable $268 Accounts Receivable $429 Expenses $100 What is the amount of total debits for this trial balance? OA. $732 Revenue $632
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- PA5. 7.4 Brown Inc. records purchases in a purchases journal and purchase returns in the general journal. Record the following transactions using a purchases journal, a general journal, and an accounts payable subsidiary ledger. The company uses the periodic method of accounting for inventory. Oct.1 Purchased inventory on account from Price Inc. for $2,000 Oct.1 Purchased inventory on account from Cabrera Inc. for $3,000 Oct.8 Returned half of the inventory to Price Inc. Oct.9 Purchased inventory on account from Price Inc. for $4,200On November 1, 2022, the account balances of Blue Spruce Corp. were as follows. No. Debits No. Credits 101 Cash $2,880 154 Accumulated Depreciation-Equipment $2,400 112 Accounts Receivable 5,100 201 Accounts Payable 3,120 126 Supplies 2,160 209 Unearned Service Revenue 1,440 153 Equipment 14,400 212 Salaries and Wages Payable 840 311 Common Stock 12,000 320 Retained Earnings 4,740 $24,540 $24,540 During November, the following summary transactions were completed. Nov. 8 Paid $2,040 for salaries due employees, of which $840 is for October salarles. 10 Received $4.096 cash from customers on account. 12 Received $3,720 cash for services performed in November. 15 Purchased equipment on account $2,400. 17 Purchased supplies on account $840. 20 Paid creditors on account $3,240. 22 Paid November rent $480. 25 Paid salaries $2,040. 27 Performed services on account and billed customers $2,280 for these services. 29 Recelved $720 from customers for future service.a. Accounts Payable. 1,830 Cash. 1,830 b. Accounts Receivable.. 3,080 Cash. 3,080 C. Accounts Receivable. 10,380 Accounts Payable. 10,380 d. Cash 7,380 Accounts Payable. 1,830 Accounts Receivable.. 9,210 Using posting, the total for the Accounts Receivable account should be:
- 7. Weekly Osalary Cash Allowance $40.00 $75.00 $25.00 a. $1,225.00 b. $1,500.00 c. $ 425.00 d. $ 750.00 e. $1,180.00 $15.00 Tax Ben $3.80 $10.00 - $11.00 $25.00 Emp Ded СРР Emp Cont Emp Ded EI Emp Cont wquestion General ledger Debit Credit Balance 01.11.20 50,000 31.12.20 Rental Revenue 6000 56,000 31.12.20 Rental Revenue 1800 57,800 01.01.21 Rental Revenue 6,000 51,800 Kindly show me the T Accounts for the above general ledger.Current Attempt in Progress What is the ending balance for the following check register? Check Register Check# 1230 1231 O $1938.25. O $2736.25. O $1124.25. O $2858.25. Date 9/2 9/5 Payee/Description Payment Deposit 9/4 Target 9/7 Utilities Paycheck Cash(ATM) $232.00 $144.00 $23.00 $407.00 Balance $1930.25 $ $
- At what amount will accounts receivable be reported on the balance sheet if the gross receivable balance is $42,500 and the allowance for uncollectible accounts is estimated at 16% of gross receivables? Select one: a. $42,500 b. $35,700 c. $28,900 d. $6,8001. What amount should be reported as accounts receivable on December 31?a. 1,300,000b. 1,426,000c. 1,280,000d. 1,220,000 2. What amount should be reported as allowance for doubtful accounts on December 31?a. 120,000b. 200,000c. 250,000d. 170,000Online Test WMindow Gooale Chrome A tests.mettl.com/test-window/f55ac827#/testWindow/0/9/1 EY Accounting Assessment O Total 00:55:24 Finish Test Section 1 of 1 Section #1 v 12 (3 7. 10 11 10 of 45 All 2 43 Question # 10 Revisit Choose the best option O Differences between net income and associated cash receipts and disbursements. The primary purpose of a statement of cash flows is to provide relevant information about O An enterprise's ability to generate future positive net cash flows. O The cash receipts and cash disbursements of an enterprise during a period. OAn enterprise's ability to meet cash operating needs. Prev Question Next Question +91-82878-03040 Zaineh | Support +1-650-924-9221 4:13 PM 1/16/2021 meiti
- MC Qu. 12-154 Southview Company's interest revenue for the... Southview Company's Interest revenue for the period is $14,600 and the beginning and ending Interest recelvable balances are $1,620 and $6,200, respectively, cash recelved for Interest Is: Multiple Cholce $8.400. $10,020. $14,600. $19,100.The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year (all sales are on account): 3rd Quarter 14,500 2nd Quarter 4th Quarter 1st Quarter 11,500 Budgeted unit sales 12,500 13,500 The selling price of the company's product is $14 per unit. Management expects to collect 75% of sales in the quarter in which the sales are made, 20% in the following quarter, and 5% of sales are expected to be uncollectible. The beginning balance of accounts receivable, all of which is expected to be collected in the first quarter, is $71,200. The company expects to start the first quarter with 1,725 units in finished goods inventory. Management desires an ending finished goods inventory in each quarter equal to 15% of the next quarter's budgeted sales. The desired ending finished goods inventory for the fourth quarter is 1,925 units. Required: 1. Calculate the estimated sales for each quarter of the fiscal year and for the year as a whole. 2.…Trial Balance Accounts DEBIT CREDIT Bank Accounts Receivable Supplies Equipment Accounts Payable Capital Drawings Revenue Expense 5 728 118 - 100 - 3 000 100 - 9 000 72 – 168 205 9 223 9 268 Explanation of error and how you found it