The transactions of Spade Company appear below.
a. Kacy Spade, owner, invested $12,250 cash in the company.
b. The company purchased office supplies for $355 cash.
c. The company purchased $6,774 of office equipment on credit.
d. The company received $1,446 cash as fees for services provided to a customer.
e. The company paid $6,774 cash to settle the payable for the office equipment purchased in transaction c.
f. The company billed a customer $2,597 as fees for services provided.
g. The company paid $520 cash for the monthly rent.
h. The company collected $1,091 cash as partial payment for the account receivable created in transaction f.
i. Kacy Spade, withdrew $1,000 cash from the company for personal use.
Prepare the Trial Balance.
Answers
A trial balance is a report that lists the balances of all accounts in a general ledger at the end of a given reporting period.
The purpose of the trial balance is to ensure that the total debits equal the total credits in the ledger, which means that there are no unbalanced journal entries in the accounting system. The transactions of Spade Company appear below. a. Kacy Spade, owner, invested $12,250 cash in the company. b. The company purchased office supplies for $355 cash. c. The company purchased $6,774 of office equipment on credit. d. The company received $1,446 cash as fees for services provided to a customer. e. The company paid $6,774 cash to settle the payable for the office equipment purchased in transaction c. f. The company billed a customer $2,597 as fees for services provided. g. The company paid $520 cash for the monthly rent.
h. The company collected $1,091 cash as partial payment for the account receivable created in transaction f. i. Kacy Spade, withdrew $1,000 cash from the company for personal use. The trial balance of Spade Company is as follows. Spade Company Trial BalanceParticularsDebit ($)Credit ($)Cash13,882—Office Equipment——6,774Office Supplies355—Accounts Receivable—1,506Account Payable—6,774Unearned Revenue—2,597Capital—13,250Withdrawals1,000—Rent Expense520—Service Revenue——4,043Total19,80219,802Therefore, the Trial balance of Spade Company is given above.
To know more about trial balance:
https://brainly.com/question/31039973
#SPJ11
Related Questions
PLS help!!!!! Will Give BRAINLIEST!! thanks :):)
In a biometrics research lab, Grant is listed as the laboratory director, while Tamara is listed as a laboratory technician. Both careers fall into the STEM field. Take a moment to research these two positions and explain the difference between them
Answers
Answer:
The Tamara Foundation has partnered with Stronger Philanthropy to manage the grant application process. Stronger Philanthropy will interview charities to determine their funding priorities, present Charity Profiles to the Tamara Foundation that are aligned with our mission and mandate for shortlisting, contact charities being invited to submit an application for consideration, and manage new grant applications and follow-up reports.
Explanation:
hope it helps
answerd by Hami Radcliffe
Rashid wants to try his luck at high-risk investments for good returns. However, he is worried that he may wind up losing money in the process. Which investment would be a best bet for Rashid?
A. mutual funds
B. stocks
C. money market account
D. certificates of deposit
E. saving account
Answers
Answer:
Explanation:
a. mutual funds for high risk n good returns
Answer:
Explanation:
The best bet as compromise between high-risk and good returns will be an investment in A. mutual funds.
. improvements in technology. 2. increases in the supply (stock) of capital goods. 3. purchases of expanding output. 4. obtaining the optimal combination of goods, each at least-cost production. 5. increases in the quantity and quality of natural resources. 6. increases in the quantity and quality of human resources. which set of items in the accompanying list would move an economy from a point inside its production possibilities curve to a point on its production possibilities curve?
Answers
Items 1, 2, 3, 5, and 6 on the list could potentially move an economy from a point inside its production possibilities curve to a point on its production possibilities curve by increasing the economy's productive capacity.
A production possibilities curve (PPC) depicts the utmost output that can be created given the available resources and technology. If the economy is presently functioning below the PPC, boosting productive capacity can shift it to a point on the curve.
This can be accomplished through technological advancements, increases in the supply of capital products, purchases of growing production, increase in the quantity and quality of natural resources, and increases in the quantity and quality of human resources. These modifications may result in improved productivity and efficiency, enabling the economy to create more output and move to a point on the PPC.
Learn more about the production possibilities curve:
https://brainly.com/question/29392873
#SPJ4
An Investor who brings _____ equity often will recelve a share of ownershlp in the company although she did not Invest capital, but effort Use this media to help you complete the question.
sweat
additional
bootstrapped
lingering
Answers
Answer:
additional equity I think
In a traditional cost accounting system, what type of costs are assigned to products even if the costs are not caused by the products?.
Answers
Manufacturing costs are assigned to products even if the cost are not caused by the products.
Manufacturing costs are the expenses incurred during a product's production. These expenses include direct material, direct labor, and manufacturing overhead. Costs are often displayed as separate line items on the revenue statement. These expenses are incurred by an entity during the manufacturing process.Manufacturing costs include all resources utilized in the creation of a product. Direct materials cost, direct labor cost, and manufacturing overhead are the three categories of manufacturing costs. It contributes to the overall delivery cost.Example of Manufacturing Costs A small business that makes widgets, for example, may have fixed monthly costs of $800 for its premises and $100 for equipment upkeep. These expenses are constant regardless of production level, therefore per-item costs are lowered if the company produces more widgets.Thus this is the meaning of manufacturing cost.
To learn more about manufacturing cost, refer: https://brainly.com/question/8873972
#SPJ4
Now that you understand what investments are, you will search for three image examples that represent investments. You may choose to select images that represent the key concepts of investments, or examples of different types of
investments. In a short paragraph, explain why each of your selected images is an appropriate representation. Be sure
to follow proper image use and citation guidelines; click here for a quick review on these guidelines. In a second
paragraph, discuss the sources of each of your images and why they are reputable.
Answers
There are three main types of investments: Ownership, Lending, or cash. Ownership investments are the most volatile and profitable class of investment. Such as owning stock meaning owning a portion of a company. It may be a minuscule stake, but it's ownership. More broadly speaking, all traded securities, from futures to currency swaps, are ownership investments. Investors purchase them in order to share in the profits, or because they will increase in value, or both. Lending money is a category of investing. The risks generally are lower than for many investments and, consequently, the rewards are relatively modest. A bond issued by a company or a government will pay a set amount of interest over a set period of time. The only real risk is that the company or government will go bankrupt, in which case the bondholder may get little or none of the investment back. A regular savings account is an investment. The investor is essentially lending money to the bank. The bank will pay interest to the account holder and will earn its profit by loaning out the rest of the money to businesses at a higher rate of interest. These are investments are "as good as cash," which means that they can be converted back to cash easily and quickly. Money market funds are more liquid than other investments, meaning you can write checks out of money market accounts just as you would with a checking account. Although, once you start writing checks on it you've erased much of its value as an investment.
Company A is raising $1 million at its initial public offering (IPO) by issuing 2,000 shares of stock?
Answers
The value of each share if you calculate it as $1,000,000/2,000 =500.
What is stock?A stock is referred to as a kind of ownership of certain items. When an individual holds stocks or shares in the market they are entitled as a stockholder or shareholder and liable for some dividend.
The process of announcing new shares of stock to the people for the first time in a private company is known as an initial public offering (IPO). An IPO allows a company to request equity capital from the general public.
The business has grown as a pre-IPO private company with a very small number of proprietors who own the stock in the company.
Learn more about the initial public offering, here:
brainly.com/question/3068229
#SPJ1
The complete question is Probably
Company A is raising $1 million at its initial public offering (IPO) by issuing 2,000 shares of stock. What is the value of each share if you calculate it as $1,000,000/2,000 =
Do you think that employers have a right to judge an applicant attitude when hiring? Give a reason for your answer
Answers
Hope this helps :)
Based on this table, if someone had a taxable income of $11,757, how much would they owe in taxes?
Answers
The amount that the taxpayer is owing in taxes is $2,691.05.
What does income tax payable mean?Income tax payable refers to a business organization's tax liability to the government in the jurisdiction in which it operates. The amount of liability will be determined by the company's profitability over a given time period and the applicable tax rates. Tax payable is considered a current liability rather than a long-term liability because it must be settled within the next 12 months.
Based on the table, we are using the tax rate of 15% for the taxable income of $11,757.
The tax payable will equals to:
= 15%*$11,757 + $927.50
= $1,763.55 + $927.50
= $2,691.05
Note: We are using the attached table to solve the tax payable.
Read more about tax payable
brainly.com/question/897877
#SPJ1
According to the Constitution, revenue bills must originate in the. A) Internal Revenue Service. B) Federal Reserve System. C) House. D) Senate.
Answers
According to the Constitution, revenue bills must originate in the House. The correct answer is C.
What are Revenue bills?Revenue bills are legislation introduced with the main purpose of raising revenue or taxes for the government. The Constitution of the United States of America specifies that bills that involve taxation or government expenditure must originate in the House of Representatives.
In general, revenue bills are introduced in the House of Representatives and passed to the Senate, which can either pass the bill, reject it, or make amendments to the bill. If the Senate amends the bill, it must be sent back to the House for approval.
The Internal Revenue Service (IRS) is responsible for collecting taxes and enforcing tax laws, whereas the Federal Reserve System regulates monetary policy and banks. Neither of these institutions is responsible for originating revenue bills. Hence, option C is the correct answer.
Learn more about revenue bills at
https://brainly.com/question/700717
#SPJ11
Melamark's advisor on global affairs is concerned that carries too much risk.
A) a strategic alliance
B) franchising
C) setting up a foreign subsidiary
D) a joint venture
Answers
Melamark's advisor on global affairs is concerned that a joint venture carries too much risk. A joint venture is a business arrangement where two or more companies come together to form a new entity for a specific purpose. Thus, option D is correct.
While joint ventures can be beneficial for accessing new markets, sharing risks and costs, and pooling resources, they also carry significant risks.
Joint ventures require significant investments of time, money and resources, and there may be cultural and legal differences to navigate, which can lead to misunderstandings and conflicts.
There is also a risk of losing control over intellectual property, as well as the possibility of the partner pursuing their own agenda or being unreliable.
Alternative options to a joint venture include a strategic alliance, franchising, or setting up a foreign subsidiary. A strategic alliance involves two or more companies cooperating to achieve a mutual goal, without forming a new entity.
Franchising involves licensing a brand and business model to a foreign partner, who operates the business independently. Setting up a foreign subsidiary involves establishing a new legal entity in a foreign country, which is fully owned and controlled by the parent company.
In conclusion, Melamark's advisor on global affairs is concerned that a joint venture carries too much risk. Alternative options to consider include a strategic alliance, franchising, or setting up a foreign subsidiary.
Each option has its own benefits and risks, and the choice will depend on Melamark's specific circumstances and objectives. Thus, option D is correct.
To know more about joint ventures refer here:
https://brainly.com/question/29879369#
#SPJ11
During the seventeenth and eighteenth centuries, the dutch republic traded far and wide through _______________. group of answer choices
Answers
During the seventeenth and eighteenth centuries, the dutch republic traded far and wide through the Dutch east and Dutch west india companies.
During the 16th century, the Dutch Republic risen as a capable financial substance and the time is known as the Dutch Brilliant Age. Learn how the Dutch Republic battled for its autonomy from Habsburg Spain to realize financial development, outside development, and victory in society and the arts.Despite the Dutch Republic's special position as a republic encompassed by absolutist governments, on the face of it, the Republic within the 17th century did not have the characteristics regularly vital for financial victory. The region controlled by the Dutch Republic contained few minerals or normal assets, and expansive parcels of its domain were beneath ocean level, inclined to flooding in the event that embankments or windmill pumps failed. In reaction, the Dutch cultivated the development of inner businesses, such as materials, sugar refining and glass blowing. Most critically, in any case, the Dutch were fulfilled shipwrights and dealers.To know more about Dutch visit:
https://brainly.com/question/2137414
#SPJ4
Banks do not hold a lot of their assets in the form of cash mainly because of:
a. regulation.
b. the fear of being robbed.
c. the opportunity cost of holding cash, cash does not earn interest.
d. it can encourage employee theft.
Answers
Banks do not hold a lot of their assets in the form of cash mainly because of the opportunity cost of holding cash, cash does not earn interest. The correct option is C.
Opportunity costs are the possible advantages that a person, investor, or company forgoes while deciding between two options. It is necessary to weigh the advantages and disadvantages of each choice offered in order to correctly assess opportunity costs.
The interest that could have been made if the cash had been used to buy bonds instead is the opportunity cost of keeping any money balance.
Therefore, due to the opportunity cost of holding cash and cash does not earn interest banks does nor prefer to hold a lot of their assets in the form of cash .
To learn more on opportunity cost, here:
https://brainly.com/question/13036997
#SPJ4
which one of the following is not a control procedure used for over-the-counter receipts?
Answers
One of the control procedures used for over-the-counter receipts is the reconciliation of cash registers and sales receipts.
This involves comparing the total amount of sales recorded on the cash register with the actual sales receipts. Any discrepancies between the two would indicate a potential error or fraud. Another control procedure is the use of cash register tapes. Cash register tapes provide a record of each transaction made at the point of sale. These tapes can be compared to the sales receipts to ensure that all transactions are accounted for. These reports can be used to verify the accuracy of the cash register tapes and sales receipts.
Therefore, the question "which one of the following is not a control procedure used for over-the-counter receipts?" is that none of the mentioned control procedures are specifically targeted at over-the-counter receipts. They are more focused on monitoring cash transactions and ensuring their accuracy. In summary, the explanation is that the control procedures mentioned, such as the reconciliation of cash registers, cash register tapes, and cashiers' reports, are not specifically designed to control over-the-counter receipts. Instead, they help in monitoring and verifying cash transactions as a whole.
To know more about reconciliation visit:
https://brainly.com/question/30715594
#SPJ11
Which is the most common type of precipitation?
Answers
Answer: Rain.
Explanation:
Bill Nye.
Answer: Rain
Explanation:
Please pricing default-able bonds with 2 years, face value (F) of $1,000,000, firm value (V) of 1,200,000. The firm value’s volatility rate is 10% and risk-free rate is 5%. (1) the value of default-able bond; (2) the quasi debt-to-value ratio; (3) the probability of defaulting for the firm of debt issuing
Answers
The default-able bond's value can be calculated using the firm's value, face value, volatility rate, and risk-free rate. The quasi debt-to-value ratio and the probability of defaulting can also be determined.
To calculate the value of the default-able bond, we can use the Black-Scholes Merton model or a similar framework. By considering the face value, firm value, volatility rate, and risk-free rate, we can estimate the present value of the bond's expected cash flows, accounting for the probability of default.
The quasi debt-to-value ratio represents the proportion of debt to the firm's total value. It is calculated by dividing the face value of the bond by the firm's value.
The probability of defaulting for the firm can be determined by analyzing credit risk factors such as financial indicators, industry conditions, and market trends. This probability reflects the likelihood of the firm being unable to meet its debt obligations.
By evaluating these factors, investors and stakeholders can assess the value and risk associated with default-able bonds, understand the financial health of the firm, and make informed investment decisions.
Learn more about Debt ratio click here :brainly.com/question/11042341
#SPJ11
Consider simultaneous shifts in demand and supply. What is the net effect on equilibrium price if there is a simultaneous increase in demand and an increase in supply?.
Answers
Consider how both supply and demand could be shifting at once. The equilibrium price is unaffected if supply and demand are both increasing concurrently.
The price is at equilibrium when supply and demand are in balance. When a major index experiences a phase of consolidation or sideways momentum, it can be argued that the forces of supply and demand are comparatively equal and the market is in an equilibrium price. Researchers have shown that the equilibrium price is the region where prices frequently oscillate. If the price rises too much, market forces will push sellers to enter the market and create more. A price that is too low will result in higher bids from more buyers. These acts sustain the relative equilibrium of the equilibrium level over time. Market
Learn more about equilibrium price here
https://brainly.com/question/28527601
#SPJ4
RAK, Inc., currently has an EPS of $1.30 and an earnings growth
rate of 5.5 percent. If the benchmark PE ratio is 18, what is the
target share price five years from now?
Answers
PE ratio is calculated by dividing the market value per share by the earnings per share (EPS).
The PE ratio is a measure of how much an investor is willing to pay per dollar of earnings. The EPS of RAK, Inc. is $1.30 and the earnings growth rate is 5.5 percent. The benchmark PE ratio is 18. We need to determine the target share price five years from now.
To determine the target share price, we need to determine the future EPS. The future EPS can be calculated as follows: Future EPS = EPS * (1 + earnings growth rate)^number of years.
Future EPS = 1.30 * (1 + 0.055)^5Future EPS = $1.71.
The future EPS of RAK, Inc. five years from now is $1.71. To determine the target share price, we can use the formula: Target share price = PE ratio * EPS Target share price = 18 * $1.71.
Target share price = $30.78.
Therefore, the target share price of RAK, Inc. five years from now is $30.78.
To know more about market value visit:
https://brainly.com/question/28320555
#SPJ11
What is abnormal demand
Answers
3) Structural inflation. This is related to the inefficiency of services provided by the infrastructure of a given economy, that is, it is based on the rigidity of the supply of goods and services of that economic structure.
pt br
1) Inflação de demanda. Aumento na procura de um determinado bem, sem que exista uma resposta compatível da oferta, sendo assim necessário aumentar o valor desse bem para equilibrar a economia. 2) Inflação de custo. Também pode ser chamada de inflação de oferta, e é aquela na qual ocorre um aumento em fatores que incidem diretamente sobre o produto. Por exemplo, caso ocorra o aumento do valor da matéria-prima, os produtos que são derivados dessa matéria irão sofrer uma inflação. Essa inflação pode ocorrer também em virtude da elevação das taxas de juros, salários, combustíveis e tarifas públicas.
3) Inflação estrutural. Esta se relaciona com a ineficiência de serviços fornecidos pela infraestrutura de uma determinada economia, ou seja, é baseada na rigidez da oferta de bens e serviços dessa estrutura econômica
PLEASE HELP SOON WILL GIVE BRAINLIEST
How does a consumer complaint benefit the manufacturer?
A. The complaint notifies the manufacturer of a possible issue.
B. The complaint is registered with the government.
C. The complaint tells the manufacturer they did something wrong.
D. The complaint leads to an investigation.
Answers
Answer:
A. The complaint notifies the manufacturer of a possible issue.
Explanation:
this lets the manufacturer become aware of any issues- this benefits them
A consumer complaint benefit the manufacturer by Option(A) The complaint notifies the manufacturer of a possible issue.
What is a consumer and a manufacturer ?A consumer is a person or a group who intends to order uses purchased goods, products primarily for personal, social household and similar needs, not directly related to any of business activities.
A manufacturer is a person or company that produces finished goods from raw materials by using various tools, equipment, and processes, and then sells the goods to consumers distributors, retailers, or to other manufacturers for the production and make their profit out of it.
How does a consumer complaint benefit the manufacturer ?A consumer make any complaint to the manufacturer if after taking the product or using it , the consumer founds any flaws or mistakes in it which might not be notified by the manufacturer.
Therefore, a consumer complaint benefit the manufacturer by Option(A) The complaint notifies the manufacturer of a possible issue.
To learn more about consumer complaint, refer -
https://brainly.com/question/25616304
#SPJ2
True or false
A financially-irresponsible person reacts quickly to financial problems before they ruin his credit score.
Answers
Answer:
False
Explanation:
A financially-irresponsible person is likely to ignore or delay taking action to address financial problems, which can eventually lead to a lower credit score. A financially responsible person, on the other hand, is more likely to proactively manage their finances and take steps to address any issues that arise, including paying bills on time, managing debt, and keeping credit utilization low.
Answer:
False
Explanation:
1. Identify the three types of duties that CBP assesses and how the duty is calculated under each type of duty.How does one protest a duty/liquidation?
Answers
The three types of duties that CBP assesses and how the duty is calculated under each type of duty are as follows:Ad valorem duties: Ad valorem duties are levied as a percentage of the customs value of the imported product, such as 10% of the value of the imported product.
Specific duties: Specific duties are levied at a specific rate per unit of measure, such as per kilogram or per meter.A combination of ad valorem and specific duties: A combination of ad valorem and specific duties is assessed on imported goods under this category, with the rate being a mix of both. For example, a product with a value of $10,000 could be charged a 5% ad valorem duty, as well as a $1 per kilogram specific duty for a total of $15,000 ($10,000 x 5% + $1 x 5,000 kg).
Protesting a duty/liquidation: To protest a duty/liquidation, one must submit a written protest to CBP within 180 days of the liquidation of the goods. The protest must contain a description of the merchandise, the classification of the merchandise, the amount of the duty that is in dispute, and a legal or factual argument. The protest must be signed by the importer or their legal representative, and it must be filed with the port director where the entry was filed. The CBP will examine the protest and issue a ruling, which can be appealed if necessary.
Learn more about types of duties here:https://brainly.com/question/29786126
#SPJ11
As an upcoming project manager, you are required to write a short paper on the following topic to be delivered at an upcoming project management conference in Gaborone. Projects managers bave existed time in memorial. However, the work of a contemporary project manager is challenged by many issues. Identify five issues that a contemporary manager is likely to face today while implementing projects as opposed to their counterparts in olden times.
Answers
Contemporary project managers face several challenges that differentiate them from their counterparts in the past. Five key issues they are likely to encounter today include increased complexity, globalization, rapid technological advancements, stakeholder management, and changing market demands.
Contemporary project managers face increased complexity compared to their counterparts in the past.
Projects today often involve multiple stakeholders, intricate supply chains, and interconnected systems, requiring managers to navigate complex organizational structures and dynamic environments.
Globalization is another challenge faced by contemporary project managers. Projects are frequently executed across different geographical locations, involving diverse cultures, regulations, and communication challenges.
Managers must possess the skills to effectively collaborate and manage teams across borders.
Rapid technological advancements present both opportunities and challenges for project managers.
The integration of emerging technologies, such as artificial intelligence, internet of things, and big data, requires managers to adapt to new tools, processes, and methodologies to ensure successful project implementation.
Effective stakeholder management is crucial in contemporary project management.
Project managers must engage and align the expectations of various stakeholders, including clients, team members, sponsors, and communities, to ensure project success and maintain positive relationships.
Learn more about Contemporary project managers here:
brainly.com/question/28332265
#SPJ11
Two benefits of self employment
Answers
Self-employment provides strong earning potential as people have more control over their own progression. Going hand-in-hand with the flexible lifestyle, individuals who work for themselves can go over and above to work long hours on some days, network, and reap the benefits of their hard work.
The type of interest earned on a deposit account that is calculated on both the principal deposit
amount and on any previously earned interest is called:
A simple interest
B compound interest
C variable interest
D exchange rate
Answers
is shift work involved for lawyers??
Answers
Answer:
I think so.
Explanation:
This may be depending on the job you have in the Lawyer Occupation, but because they must do different types of work and must go to several different clients, I would say yes. Sorry if this is wrong, but I hope it helps!
HELPPPP!!!! WILLL GIVE BRAINLEST!!!
It allows you to rent a car while yours is being repaired. a. auto replacement c. personal damage liability b. comprehensive physical damage d. rental reimbursement
Answers
Answer:
I'm pretty sure the answer is d
Explanation:
Alternatively, you may pay out-of-pocket for your rental then seek reimbursement from the other insurance company once it completes its investigation.
Answer:
D
Explanation:
If you are interviewed by more than one person, you should send a thank-you note to _____.
each person in the interview
each person you see in the building
the first person you are introduced to
the person who is obviously leading the interview
Answers
Answer:
option A is correct.
i.e.
each person in the interview.
Explanation:
Because thank-you letter provides a simple but effective way to express gratitude to all the individuals you met with.
9. When paraphrasing, which of the following must a student do:
1. Introduce the source before the paraphrase.
2. Must make significant changes to the phrasing, sentence structure, and word choice.
3. Provide parenthetical documentation of the page number after the paraphrase.
4. Put a bibliographic citation in the references section at the end of the paper
5. They are all necessary.
6. None of these are necessary.
Answers
Answer:
5. They are all neccessary
When paraphrasing, first introduce the source before the paraphrase then make significant changes to the phrasing, sentence structure, and word choice then provide parenthetical documentation of the page number after the paraphrase after that put a bibliographic citation in the references section at the end of the paper. Option (5) is correct. all steps are necessary.
What do you mean by Documentation?Any communicable material used to describe, clarify, or provide instructions for certain characteristics of a thing, a system, or a procedure, such as its components, assembly, installation, maintenance, and use, is considered documentation.
When you paraphrase, you give someone else's thoughts your own style while maintaining the original meaning. Summarizing is the process of distilling the major points from a lengthy portion of someone else's writing into your own words.
Therefore, Option (5) is correct. All steps are necessary.
Learn more about Documentation, here;
https://brainly.com/question/27396650
#SPJ2
An instrument used to enlarge or reduce a map is known as
Answers
Answer:
pantograph
Explanation:
you can use a pantograph to do this.