Solution-Demonstrate what the balance of the account

Demonstrate what the balance of the account

Assignment Help Accounting Basics

Reference no: EM132624193

Problem 1: The total of the figures on the left side of a Cash account is $25,800. The total of the figures on the right side is $14,100. The balance of this account

Option 1: is $11,700 and would be recorded on the right side of the account.

Option 2: is $39,900 and would be recorded on the left side of the account.

Option 3: is $39,900 and would be recorded on the right side of the account.

Option 4: is $11,700 and would be recorded on the left side of the account.

Problem 2: The Service Fees account has 2 credit entries of $1,000 and $1,500. What is the balance of this account?

Option 1: debit balance of $2,500

Option 2: debit balance of $500

Option 3: credit balance of $2,500

Option 4: credit balance of $500

Reference no: EM132624193

Questions Cloud

Find generation differences in the workplace : 1. What relevance might contingency leadership have for dealing with generation differences in the workplace?

How would your first philosopher address your issue : The outline of your final project should contain your thesis statement, and the remainder should be a full-sentence outline where you specifically show.

What current trends in the external environment : What current trends in the external environment (e.g., economy, legal regulations, social) are affecting business and management? What future trends

MBS 518 Principles of Business Governance Assignment : MBS 518 Principles of Business Governance Assignment Help and Solution - Murdoch University, Australia - Assessment Writing Service

Demonstrate what the balance of the account : The total of the figures on the left side of a Cash account is $25,800. The total of the figures on the right side is $14,100. The balance of this account

Explain four types of customer loyalty : 1) Explain four types of customer loyalty 2) Identify and explain the four strategies for creating customer loyalty

What things have worked best for you as a student in course : What things have worked best for you as a student in this course? What things did not go as well as you had hoped? What can you do differently in your next.

Explain the transactional level of stakeholder management : Explain the "transactional level" of stakeholder management capability and give an example of it.

How much for credit to accounts payable would be made : Purchased by issuing a check for $500 and the remainder on account due in 30 days. A credit to Accounts Payable would be made for how much?

User Account

All Pages

Demonstrate what the balance of the account

Reference no: EM132624193

Reference no: EM132624193

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT