Business, 20.10.2020 21:01 fatimababy
Ramirez Company is completing the information processing cycle at its fiscal year-end on December 31. Following are the correct balances at December 31 for the accounts both before and after the adjusting entries.
Trial Balance, December 31 of the Current Year
Before After
Adjusting Entries Adjusting Entries
Items Debit Credit Debit Credit
a. Cash $ 13,600 $ 13,600
b. Accounts receivable 430
c. Prepaid insurance 720 480
d. Equipment 169,880 169,880
e. Accumulated depreciation, $ 41,400 $ 46,700
equipment
f. Income taxes payable 1,920
g. Common stock and 110,000 110,000
additional paid-in capital
h. Retained earnings, January 1 15,680 15,680
i. Service revenue 72,500 72,930
j. Salary expense 55,380 55,380
k. Depreciation expense 5,300
l. Insurance expense 240
m. Income tax expense 1,920
$ 239,580 $ 239,580 $ 247,230 $ 247,230
Compute the amount of net income assuming that it is based on the amounts (a) before adjusting entries and (b) after adjusting entries.
Answers: 1
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According to the research in strategic human resources management, answers: firms that are able to use human resource practices to develop socially complex human and organizational resources are able to gain competitive advantage over firms that do not engage in these practices. firms that are able to use human resource practices to develop socially simplistic human and organizational resources are able to gain competitive advantage over firms that do not engage in these practices. firms that are able to use human resource practices to develop socially complex human and organizational resources gain little advantage over firms that do not engage in these practices. firms that are able to use human resource practices to develop socially complex human and organizational resources are at a competitive disadvantage when compared to firms that do not engage in these practices.
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Ramirez Company is completing the information processing cycle at its fiscal year-end on December 31...
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