Determine which account is credited

Assignment Help Accounting Basics
Reference no: EM132476673

Question 1: An owner invests $20,000 in her new business by depositing the cash in the business's checking account? Determine Which account is credited?

option a. Accounts receivable

option b. Cash

option c. Capital

option d. Accounts payable

Reference no: EM132476673

Questions Cloud

When covalent bond forms : A covalent bond forms when a pair of valence electrons is shared between two atoms
Determine the financial and managerial accounting : Determine how either financial accounting helps external stakeholders make informed decisions or how managerial accounting helps managers to improve operational
Increase technological progress in country : Suppose you were interested in increasing technological progress in your country. Suggest two (2) ways to increase technological progress in your country.
Prepare a multi-step income statement : Prepare a 2020 multi-step income statement; include EPS. Refer to the Cabrera and Poquito. Prepare a 12/31/20 balance sheet. Refer to the Scientific Products
Determine which account is credited : An owner invests $20,000 in her new business by depositing the cash in the business's checking account? Determine Which account is credited?
What is reported and how to disclose the information : Balance sheet, how could we expand on what is reported and how to disclose the information? Secondly, should we expand on what is available?
Discuss what is the term working capital meant : Determine and Discuss why neither the working capital nor the current ratio tells us anything about the composition of current assets and current liabilities
Determine the ending row material belpics for january : Determine the ending row material belpics for January, which you will need when propering the S:biont of Cost of Good Manufacturing for the month andod.
Identify apples market-to-book ratio of equity : Identify Apples market-to-book ratio of equity. Locate the book value of Apple's shareholders' equity by the fiscal year end of 2014.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Determine the total manufacturing costs

Baltimore Manufacturing had a Work in Process balance of $73,000 on January 1, 2018. Use this information to determine the total manufacturing costs

  Create a full amortization table for wells

Wells Company as lessee records a operating lease of machinery on January 1st, 20x1. The seven annual lease payments of $200,000 are made.

  What is the firms equity multiplier

What is the firm's equity multiplier? Calculating ratios given financial statements

  Prepare an amortization table for the first six months

Prepare an amortization table for the first six months of the traditional 30-year mortgage. How much of the first payment goes toward principal

  Determine consolidated additional paid-in capital

The financial statements for Jobe Inc. and Lake Corp., just prior to their combination, Determine consolidated additional paid-in capital at December 31, 20x2

  What was silvers net income for the first year in operation

During its first year of operations, Silver Company paid $8,065 for direct materials and $9,600 for production workers' wages

  Find the errors in balance sheet for a theater company

Find the errors in the following balance sheet items for a theater company: Cash listed as $19,400 as they have $16,000 in company's bank account

  Briefly explain a situation at your home

Briefly explain a situation at your home, university, or job in which you think somebody used computers unethically. Be sure to include an explanation of why you think it was unethical.

  Required rate of return on stock

The current dividend yield on CJ's common stock is 1.89 percent. The company just paid a $1.23 annual dividend and announced plans to pay $1.27 next year. The dividend growth rate is expected to remain constant at the current level. What is the re..

  Discuss the critical issues relating to transfer pricing

Discuss the critical issues relating to the principles and practices of transfer pricing from a management accounting perspective

  How is the group of companies funded

ACC 303 Company Accounting Assessment. How is the group of companies funded? Share capital, debentures? Any options, bonus issues etc. Who owns the group

  What amount relating to business combination would expensed

Based on the preceding information, under the acquisition method, what amount relating to the business combination would be expensed?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd