The account balances of sentinel travel service for the year ended august 31, 2019, are listed below:

fees earned office expense miscellaneous expense wages expense accounts recelvable accounts payable cash land supplies $774,800 178,205 15,495 371,905 54,240 19,370 143,125 248,000 9,300 barb schroeder, the owier, invested an additional $46,500 in the business during the year and withdrew cash of $29,400 for personal use. barb schroeder, capital as of september 1, 2018, was $209,000

prepare a report form balance sheet as of august 31, 2019.

Explanation:

The preparation of the report form balance sheet as of August 31, 2019 is presented below:

                                      Sentinel Travel Service

                                 Report form balance sheet

                              For the year ended August 31, 2019

Assets

Cash                                             $143,125

Account receivable                     $54,240

Supplies                                       $9,300      

Land                                             $248,000

Total assets                                 $454,665

Liabilities

Account payable                        $19,370

Owner equity

Ending capital                            $435,295

Total liabilities

And owners equity                    $454,665

The net income would be

= Fees earned - Office expense - Miscellaneous expense - Wages expense

= $774,800 - $178,205- $15,495 - $371,905

= $209,195

And, the ending capital would be

= Opening capital - withdrawn amount + net income - additional cpiatl

= $209,000 - $29,400 + $209,195 + $46,500

= $435,295

answer; i believe the correct answer is (sales promotion;

a manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. at the end of december, the company wishes to forecast sales for january. the estimate of trend through november has been 200 additional boards sold per month. average sales have been around 1000 units per month. the demand for december was 1100 units. the company uses α = 0.20 and β = 0.10. make a forecast including trend for the month of january.