The trial balance of Tamarisk, Inc. at the end of its fiscal year, August 31, 2022, includes these accounts: Beginning Inventory $24,350; Purchases $203,160; Sales Revenue $182,200; Freight-In $9,080; Sales Returns and Allowances $4,880; Freight-Out $1,860; and Purchase Returns and Allowances $8,250. The ending inventory is $24,300.

Ben collins plans to buy a house for $166,000. if the real estate in his area is expected to increase in value by 2 percent each year, what will its approximate value be five years from now?

Wilson company paid $5,000 for a 4-month insurance premium in advance on november 1, with coverage beginning on that date. the balance in the prepaid insurance account before adjustment at the end of the year is $5,000, and no adjustments had been made previously. the adjusting entry required on december 31 is: (a) debit cash. $5,000: credit prepaid insurance. $5,000. (b) debit prepaid insurance. $2,500: credit insurance expense. $2500. (c) debit prepaid insurance. $1250: credit insurance expense. $1250. (d) debit insurance expense. $1250: credit prepaid insurance. $1250. (e) debit insurance expense. $2500: credit prepaid insurance. $2500.

What is the sequence of events that could lead to trade surplus