User Account

All Pages

What should matching totals in the debit and credit columns

Assignment Help Accounting Basics
Reference no: EM132524607

Question - An accountant for a firm is preparing a post-closing trial balance and has the following figures that represent all debit and credit accounts:

Cash: 100,000

Accounts Receivable: 20,000

Accounts Payable: 50,000

Accumulated Depreciation: 20,000

Prepaid Rent: 10,000

Equipment: 40,000

Capital Stock: 80,000

Retained Earnings: 20,000

Required - What should the matching totals in the debit and credit columns be when the trial balance is prepared?

A. 100,000

B. 150,000

C. 170,000

D. 190,000

Reference no: EM132524607

Questions Cloud

Dds corporation stock pays a current dividend : DDS corporation stock pays a current dividend of $1.00 per share.
Find what is balance that would appear in venus company'' : Find What is the balance that would appear in Venus Company's inventory account on February 1 assuming use of a periodic inventory system? Explain.
What is the market value of the bond : Given the market rate of interest of 4.8 percent, what is the market value of the bond? (Round answer to 2 decimal places, e.g. 15.25.)
In what ways can social influence have a positive impact : In what ways can social influence have a positive impact on behavior? In what ways can social influence have a negative impact on behavior? Provide examples.
What should matching totals in the debit and credit columns : Accounts Receivable: 20,000 and Prepaid Rent: 10,000. What should the matching totals in the debit and credit columns be when the trial balance is prepared
Scan the internet for business plan preparation : Scan the Internet for business plan preparation sites. What kinds of templates are available?
Prepare the journal entry to record Evans transaction : Faith Evans Corporation is a regional company which is an SEC registrant. Prepare the journal entry to record Evans' transaction
Record each adjusting entries : The company paid $18,000 for a one year lease that commenced on 9/1/20. Record each adjusting entries and if they took to permanent account entries
What is privacy : What are the general principles for privacy protection in information systems? Describe briefly 2 threats to personal data privacy in the information age.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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