Selected transactions from the journal of Skysong, Inc., are presented below.
Date Acco...
Selected transactions from the journal of Skysong, Inc., are presented below.
Date Account Titles and Explanation Debit Credit
Aug. 1 Cash 24,300
Common Stock 24,300
(Investment of cash for stock)
10 Cash 10,935
Service Revenue 10,935
(Received cash for services performed)
12 Equipment 20,250
Cash 3,240
Notes Payable 17,010
(Purchased office equipment for cash and notes payable)
25 Account Receivable 6,480
Service Revenue 6,480
(Billed clients for services performed)
31 Cash 3,564
Accounts Receivable 3,564
(Receipt of cash on account)
Post the transactions to T accounts.
Answers: 3
Business, 22.06.2019 01:30, josehernamdez3035
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?
Answers: 1
Business, 22.06.2019 12:50, HarleyQuinn117
Performance bicycle company makes steel and titanium handle bars for bicycles. it requires approximately 1 hour of labor to make one handle bar of either type. during the most recent accounting period, barr company made 7,700 steel bars and 2,300 titanium bars. setup costs amounted to $35,000. one batch of each type of bar was run each month. if a single company-wide overhead rate based on direct labor hours is used to allocate overhead costs to the two products, the amount of setup cost assigned to the steel bars will be:
Answers: 2
Business, 23.06.2019 02:30, jamilamiller200
Consider the following condensed financial statements of money freedom comma inc. the company's target rate of return is 30%: (click the icon to view the comparative balance sheet.) (click the icon to view the income statement.) requirements 1. calculate the company's roi. round all of your answers to four decimal places. 2. calculate the company's profit margin ratio. interpret your results. 3. calculate the company's asset turnover ratio. interpret your results. 4. use the expanded roi formula to confirm your results from requirement 1. interpret your results. 5. calculate the company's ri. interpret your results. requirement 1. calculate the company's roi. round all of your answers to four decimal places. begin by selecting the formula to calculate return on investment (roi), and then enter the amounts to calculate the company's roi. (round your calculations to four decimal places and enter your answer as a percent, x. xx%)
Answers: 1
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