Answer:
a. It is a collection of all accounts with their activity and balances that exist in a business. - A general ledger
The General Ledger is the central record in an accounting system and contains a record of all financial transactions in the company.
b. It is a book of original entry that includes a chronological record of all transactions that Have occurred within a business during a period occurred. - A Journal
When a transaction takes place in a business, it is recorded first in a Journal. As such, a journal contains a chronological record of all transactions that have occurred within a business during a period occurred.
c. It is a list of each account and its balance at any given time and is used to verify that debits = credits
. - Trial Balance
The Trial Balance helps a business balance its debits and credits by listing them so then equating them to verify that indeed the debits match the credits.
d. It is a list of all ledger accounts which exist in a business and includes an identification number assigned to each account
. - A chart of accounts
The net realizable value of accounts receivable is $684,204
Explanation:
- To calculate subtract the doubtful-accounts allowance from the total accounts receivable. The result will be the net realizable value of accounts receivable.
- accounts receivable = $703,938
- doubtful-accounts = $19,734.
- the net realizable value of accounts receivable =
- accounts receivable ± doubtful-accounts
- Therefore, the net realizable value of accounts receivable is $684,204
Answer:
Product characteristics, price structure, placement strategy, and promotional strategy.
Explanation:
The 4p's are product price place and promotion
Answer:
$36,020.40
Explanation:
The computation of cash balance is shown below:-
Excess of cash receipts over disbursement = Beginning cash balance + Cash receipts - Cash disbursement
= $64,500 + $1,302,200 - $1,310,000
= $1,366,700 - $1,310,000
= $56,700
Interest = X × 0.02
Cash balance at end = Excess of cash receipts over disbursement + Borrowing - Interest
$92,000 = $56,700 + X - 0.02x
$92,000 - $56,700 = 0.98x
X = $35,300 ÷ 0.98
= $36,020.40
Answer:
Option (C) is correct.
Explanation:
Total expenses:
= mortgage interest + property tax + utilities and maintenance + Depreciation expense
= $5,000 + $600 + $900 + $3,500
= $10,000
Proportionate rental expenses = Total expenses ×
Proportionate rental expenses = 10,000 ×
= $7,200
Rental Loss = Rental Income - Proportionate rental expenses
= $4,000 - $7,200
= -($3,200)