Crane company adjusted trial balance january 31, 2020 debit credit supplies $900 prepaid insurance 1,800 salaries and wages payable $ 700unearned service revenue 750 supplies expense 900 insurance expense 300 salaries and wages expense 2,600service revenue 3,400 if the amount in supplies expense is the january 31 adjusting entry, and $3,400 of supplies was purchased in january, what was the balance in supplies on january 1?
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Business, 22.06.2019 06:10
P11.2a (lo 2, 4) fechter corporation had the following stockholdersâ equity accounts on january 1, 2020: common stock ($5 par) $500,000, paid-in capital in excess of parâcommon stock $200,000, and retained earnings $100,000. in 2020, the company had the following treasury stock transactions. journalize and post treasury stock transactions, and prepare stockholdersâ equity section. mar. 1 purchased 5,000 shares at $8 per share. june 1 sold 1,000 shares at $12 per share. sept. 1 sold 2,000 shares at $10 per share. dec. 1 sold 1,000 shares at $7 per share. fechter corporation uses the cost method of accounting for treasury stock. in 2020, the company reported net income of $30,000. instructions a. journalize the treasury stock transactions, and prepare the closing entry at december 31, 2020, for net income. b. open accounts for (1) paid-in capital from treasury stock, (2) treasury stock, and (3) retained earnings. (post to t-accounts.) c. prepare the stockholdersâ equity section for fechter corporation at december 31, 2020.
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Business, 22.06.2019 10:30
Marketing1. suppose the average price for a new disposable cell phone is $20, and the total market potential for that product is $4 million. topco, inc. has a planned market share of 10 percent. how many phones does topco have the potential to sell in this market? 20,0002. use the data from question 3 to calculate topco, inc.'s planned market share in dollars. $400,0003. atlantic car rental charges $29.95 per day to rent a mid-size automobile. pacific car rental, atlantic's main competitor, just reduced prices on all its car rentals. in response, atlantic reduced its prices by 5 percent. now how much does it cost to rent a mid-size automobile from atlantic? $28.45
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Business, 22.06.2019 11:40
If kroger had whole foodsâ number of daysâ sales in inventory, how much additional cash flow would have been generated from the smaller inventory relative to its actual average inventory position? round interim calculations to one decimal place and your final answer to the nearest million.
Answers: 2
Business, 22.06.2019 13:10
The textbook defines ethics as âthe principles of conduct governing an individual or a group,â and specifically as the standards one uses to decide what their conduct should be. to what extent do you believe that what happened at bp (british petrolium) is as much a breakdown in the companyâs ethical systems as it is in its safety systems, and how would you defend your conclusion?
Answers: 2
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