Business, 18.02.2020 03:19 ayyyyy65

Received $13,000 cash from the issue of common stock. Performed services on account for $45,000. Paid the utility expense of $1,100. Collected $33,000 of the accounts receivable. Recorded $6,250 of accrued salaries at the end of the year. Paid a $1,000 cash dividend to the stockholders. Record events in general ledger account.

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Answer from: zombieslayas8500

Please see explanation

Explanation:

The transactions shall be recorded in the general ledger in the following way:

Debit Credit

Cash $13,000

Common stock $13,000

(Received $13,000 cash from the issue of common stock)

Accounts receivable $45,000

Revenue $45,000

(Performed services on account for $45,000)

Utility expense $1,100

Cash $1,100

(Paid the utility expense of $1,100)

Cash $33,000

Accounts receivable $33,000

(Collected $33,000 of the accounts receivable)

Salaries expense $6,250

Salaries payable $6,250

(Recorded $6,250 of accrued salaries at the end of the year)

Retained Earnings $1,000

Cash $1,000

(Paid a $1,000 cash dividend to the stockholders)

Answer from: adantrujillo1234

The balance of the general ledgers are:

Cash $10,900 dr

Common stock $13000 cr

Revenue $45000 cr

Accounts receivable $12000 dr

Utility $1100 dr

Salaries $6250 dr

Salaries accrued $6250

Dividends payable $1000 dr

Explanation:

Find the relevant postings in the general ledgers in the attached.

Answer from: Quest

its high unemployment figures

i just had a test with that question

Answer from: Quest

The federal reserve took an expansionary approach during the crisis. this was done by expanding the money supply and boosting liquidity. this can be seen in the fed's actions of lending to banks, purchasing securities, and lowering the federal funds rate in order to lower overall interest rates. the fed's goal was to increase consumer spending and overall liquidity within the system, and they pursued this by expanding the supply of liquid money.

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Received $13,000 cash from the issue of common stock. Performed services on account for $45,000. Pai...