User Account

All Pages

What the balance of cash ledger account would be

Assignment Help Financial Accounting
Reference no: EM132824146

Problem 1: The information below relates to Mcmill real estate agency: 1st oct: stockholders invested $34,000 in exchange for common stock of the agency. 2nd oct: hires an administrative assistant who will start working from the 15th of november at an annual salary of $36,000. 3rd oct: buys equipment for $3,500 on account. 10th oct: receives $1400 in commission for acting as rental agent renting an apartment. 27th oct: pays the full due amount for the equipment purchased on october 3. 30th oct: pays dividends of $3,000 to the stockholders . from the transactions above, the balance of cash ledger account would be?

Reference no: EM132824146

Questions Cloud

Describe the subsystems in healthcare : Describe the subsystems in healthcare and the primary populations served by the system.
What the break-even point in volume is : What The Break-even point in volume is? Burger Bob's Boathouse sells only one product. 7,000 units were sold in year, resulting in $70,000 of sales revenue.
Describe a behavior you have expressed in the past : Explain how you could avoid repeating this behavior and identify a more effective one to replace it with.
Analysis leading to prioritisation of health needs : Understand the principles of needs assessment, different types of community needs and analysis leading to prioritisation of health needs
What the balance of cash ledger account would be : 30th oct: pays dividends of $3,000 to the stockholders . from the transactions above, the balance of cash ledger account would be?
How is the article relevant to current issues : How is this article relevant to current issues? What is your opinion of the article and/or what do you take from the article? Must be written in essay format.
Discussion - Learning to Serve : Discussion - Learning to Serve - In a 200-250 word response, explain how Mirabelli justifies the existence of Lou's as a discourse community
Role of women in the healthcare workforce : What do you think are some of the knowledge gaps in improving the role of women in the healthcare workforce?
Identify the cause and have a detailed statement of amount : Identify the cause and have a detailed statement of amount of loss and recommendation of sales in each of the products as well as in total sales

Reviews

Write a Review

Financial Accounting Questions & Answers

  Influence other members and improve the overall function

Explain how you might use this knowledge to influence other members and improve the overall function of a group

  Describe the step approach of non-controlling interest

Purpose a report for Joy, describe the step approach to the computation of Non-Controlling Interest and the effects of the approach in the years after acquisition date

  Adjusted trial balance

Dorothy Corporation had the following accounts in its year end adjusted trial balance:

  Compute the break-even sales under the proposed program

Compute the break-even sales (units) under the proposed program. Determine the maximum income from operations possible with the expanded plant.

  What is the gain or loss on factoring accounts receivable

The fair value of the recourse obligation is P100,000.Assuming that all accounts are collected, what is the gain or (loss) on factoring the accounts receivable?

  What is the adjusting journal entry for merchandise

What is the adjusting journal entry for: Merchandise in transit and to which the company had title at December 31, 2006 and 2007 was not included in year-end

  Describe ways nestle can resolve the problems

What problems does worldwide accounting diversity plus COVID-19 cause for a company like Nestlé? Describe ways Nestle can resolve these problems

  What net cash flow at time zero if old equipment replaced

What is the net cash flow at time 0 if the old equipment is replaced? (Negative amounts should be indicated by a minus sign. Do not round intermediate)

  Analyze the disclosures contained within the notes

Write a 700- to 1,050-word paper analyzing the disclosures contained within the notes to the financial statements related to cash and cash equivalents, receivables, and inventories.

  Determine the incremental earnings from the purchase

The expansion will require additional sales and administrative personnel at a cost of $1.91 million per year. Determine the incremental earnings from purchase

  Determine depreciation expense for a change

Calculate how much The Donut Stop should record each year for depreciation in years 3 to 6. Determine depreciation expense for a change.

  Prepare common size balance sheets to be used

Prepare common size balance sheets to be used for vertical analysis for 2009 and 2008. Prepare common income statements to be used for horizontal analysis for Matt's Hats for 2007 to 2009.

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