the following pre-closing accounts and balances were drawn from the records of carolina company on december 31, year 1: cash $ 1,200 accounts receivable $ 900 dividends 600 common stock 1,075 land 900 revenue 900 accounts payable 500 expense 600 what is the amount of total assets on carolina's december 31, year 1 balance sheet?

Answers

Answer 1

The amount of total assets on Carolina Company's December 31, year 1 balance sheet can be calculated by adding up all the pre-closing accounts and balances related to assets.

The pre-closing accounts and balances related to assets are cash, accounts receivable, land, and revenue. To calculate the total assets, we need to add up the individual asset accounts. The total amount of these assets is:

Cash = $1,200
Accounts receivable = $900
Land = $900
Revenue = $900

Total assets = $1,200 + $900 + $900 + $900 = $3,900

Therefore, the amount of total assets on Carolina Company's December 31, year 1 balance sheet is $3,900.

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Related Questions

GUYS PLEASE HELP ME!!!!!20 POINTS!!!!
Select the communication type that is being used in the following example.
Two co-workers near the copy machine are discussing the upcoming company meeting.

external formal communication
external informal communication
internal formal communication
internal informal communication

Answers

Answer:

exchange of information between people; the sending and receiving of messages. Communication can be separated into two groups verbal and non-verbal and again into formal or informal communications, an example of verbal and formal meaning communication is being conducted in a professional manner that's direct meaning face to face.

Explanation:

PLEASE HELP I WILL GIVE BRAINLIEST!!!!!!!!!!!!!!!!!!
Darcy is in charge of selling some old equipment for her company as they clean out their warehouse. A customer offers to pay $6,000 for a set of old printing presses. To ensure she receives the funds, how should Darcy NOT accept payment for these items?

through an electronic funds transfer (EFT)

with cash

with a certified check

with a standard check

Answers

I’d say a standard check because it doesn’t get checked by the bank if they have enough and you’re trusting the person that the check won’t bounce and then you’re out $6,000 while they already have the equipment.

Police: 911, what’s your emergency
Me: omae wa mou shindeiru ✨nani?!?✨
Police: *ded*

Answers

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Ruth is taking ASVAB exam. Match each question with the correct section.
Arithmetic Reasoning
Electronics Information
General Science
Reset Next

Answers

Answer: See explanation

Explanation:

Here's the complete question:

Ruth is taking ASVAB exam. Match each question with the correct section

Arithmetic Reasoning

Electronics Information

General Science

Question

Section

How is an object's weight related to its

mass?

How many 44-passenger buses will it

take to carry 100 people?

What does a transformer do?

Arithmetic Reasoning - How many 44-passenger buses will it take to carry 100 people?

Electronics Information - What does a transformer do?

General Science - How is an object's weight related to its mass?

Answer:

Arithmetic Reasoning - How many 44-passenger buses will it take to carry 100 people?

Electronics Information - What does a transformer do?

General Science - How is an object's weight related to its mass?

Explanation:

Because i took the test and got it right : )

app to check all three credit scores at the same time??​

Answers

Answer:

ScoreSense Score To Go

Explanation:

1. Businesses should use Web sites as standalone items for e-commerce and not connect them to other commerce efforts by the business. True or False

Answers

Answer: False

Explanation: A website can be used for much more than just for standalone items

Websites have become an integral part of the e-commerce businesses; however, the scope of an ecommerce businesses shall NOT be restricted to be used as a standalone tool of ecommerce.

What is ecommerce?

Ecommerce or electronic commerce refers to as carrying any kind of business using the internet for sale of the items available in exchange for returns in terms of profits.

Websites are the most widely used tools for conducting an ecommerce business; however, there are other tools that have helped in generating better sales of the ecommerce businesses like apps, social media marketing, affiliation, drop-shipping, etc.

Hence, it can be stated that the businesses should use websites as standalone items for ecommerce and not connect them to other commerce efforts by the business holds FALSE.

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On Jan. 5, a customer returned merchandise that has been purchased earlier on credit. The original sale was for $500 and the cost to the seller was $150.What is the required journal entry to record the return on the seller books? Assume all merchandise can be resold to another customer.

Answers

Answer:

Explanation:

When a sales is made on credit, the primary accounts that are affected are the sales accounts and the accounts receivable , with a credit entry of the sales value to the sales account and the same value in the receivable account. We also need to know that the cost of the item is credited to the inventory and debited to the cost of goods respectively.

However , when the sales is returned , the above entry will be reversed and a reversal entry is recorded as below

Credit account  receivable - $500

Debit sales return = $500

Debit merchandise inventory $150

Credit cost of goods $150

Great Landscapes Company estimates its doubtful accounts by aging its accounts receivable and applying percentages to various aged categories of accounts. The Great Landscapes Company computes a total of $3,600 in estimated doubtful accounts as of December 31, 2019. Its Accounts Receivable account has a balance of $112,800 and its Allowance for Doubtful Accounts has a credit balance of $600 before adjustment at December 31, 2019. How much bad debts expense will Great Landscapes report in 2019

Answers

Answer:

$3,000

Explanation:

Calculation to determine How much bad debts expense will Great Landscapes report in 2019

Using this formula

2019 bad debts expense =Estimated doubtful accounts-Allowance for Doubtful Accounts has a credit balance

Let plug in the formula

Bad debts expense=$3,600-$600

Bad debts expense=$3,000

Therefore The Amount of bad debts expense that Great Landscapes will report in 2019 is $3,000

How could virustotal be useful to users? how could it be useful to security researchers? however, could it also be used by attackers to test their own malware before distributing it to ensure that it does not trigger an av alert? what should be the protections against this?

Answers

Answer:

The answer to this question can be defined as follows:

Explanation:

VirusTotal was its online tool that scans its file for identification for virus and ransomware up to 256 Mb in the file name. You can also scan that virus scan URL/domain. Its content is examined by 70 virus protection scanners. However, it is convenient for customers who would search their files and connections to detect any file or link malicious type of virus protection.

Yeah, security experts should, of course, just use the service because it retrieves the security aspect for files and VirusTotal can scan the data.

Yeah, throughout the case of abuse of a software package, hackers can test their specific malware to insure how an AV alert is not activated, until releasing it. It will ensure that neither warning is triggered mostly by file, malicious document, or link, and thus check its material with VirusTotal.

Security must be taken from of the abuse by the perpetrators of the VirusTotal tool. Security must be in the form of even an assault that perhaps the virus model or malware ties could be uploaded or regulated throughout the VirusTotal Tool resources. So, it isn't essential to be using the VirusTotal tool.

At what age can you start working?

Answers

Answer:

Explanation:

depends on where you live

Explanation:

It really depends on the jobs and requirements but you can USUALLY do small work like walking a dog or babysitting at 13-14

you were visiting your grandpa and you happened to find $5000 stashed in an old shoe box. he told you that he had been saving this money for over 20 years. a. explain to him other options he has.
b. explain and demonstrate the principles of compounding interest.

Answers

Answer:

(only a) the best option would be investing in stocks

Explanation:

URGENT!! ECONOMICS

Why do you think it is Important that we are constantly evaluating our economic performance?

ANSWER IN YOUR OWN WORDS

only answer if you can give a decent opinion about this and its not just some jibberish

WILL GIVE BRAINLIEST

Answers

Answer:

Evaluating economic performance means measuring how well the economy has one.

The purpose for appraising or measuring economic performance is because one cannot manage what one cannot measure.

Explanation:

Some of the metrics for measuring economic performance are:

GDP/CapitaInflation Rate Rate of UnemploymentExternal ReservesReal disposable incomesHuman development index

All of these factors can be influenced using either Fiscal of Monetary tools and government policies.

The extent to which each tool is deployed depends on the result from the performance evaluation.

Cheers!

the luminous matter in the universe accounts for what percent of the total mass of the universe?

Answers

The luminous matter in the universe accounts for a relatively small percent of the total mass of the universe.

Estimates suggest that luminous matter, also known as baryonic matter, makes up only about 5% of the total mass of the universe. This includes stars, galaxies, and other visible matter that emits or reflects light. The remaining 95% of the universe is composed of dark matter and dark energy, which are yet to be fully understood.

Dark matter, comprising about 27% of the universe's total mass, is a form of matter that does not interact with light and is detected indirectly through its gravitational effects. Dark energy, accounting for approximately 68% of the universe's total mass, is an enigmatic force that is believed to be responsible for the accelerated expansion of the universe.

While luminous matter is observable and familiar to us, it represents only a small fraction of the vast cosmic landscape, with the majority of the universe's mass remaining mysterious and elusive.

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The system of values and norms that are shared among a group of people and together create a design for living is known as a?

Answers

The system of values and the norms that are shared among group of people and together create design for living is known as culture.

What is a culture?

The general term "culture" refers to the social norms, institutions, and behaviour found in human societies as well as the individuals who make up these groups and their skills, knowledge, and beliefs. A collection of expectations within a social group that serve as models for behaviour, dress, language, and manner are referred to as cultural norms. It defines socially acceptable behaviour. Therefore, in military culture, bravery is praised as a typical behaviour for an individual, whereas loyalty to one's social group and duty are seen as virtues or helpful responses to conflict. Cultural transition, often known as repositioning, is the process of rebuilding a society's cultural paradigm. UNESCO and other organisations work to safeguard culture and cultural resources.

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The procedure that best discourages the resubmission of vendor invoices after they have been paid is

Answers

Answer:

The cancellation of vouchers by treasurer personnel

Explanation:

When a business uses vendors for some of its service needs there is the possibility of paying vendors twice for the same service of invoice is submitted twice.

The treasurer is the person that disbursed funds to vendors for services rendered. He is tasked with cross checking if payments are duplicated.

To avoid this it is best to have the treasurer personnel cancel vouchers that have been paid.

This will provide an effective check on duplicate payments.

Creating a chant that rhymes to remember information is a memorization technique.
a
Please select the best answer from the choices provided
ОТ
OF

Answers

Answer:

OT

Explanation:

BECAUSE I AM SMART AND BECAUSE I TOOK THAT SAME CLASS

Bell corp. has a preferred stock that pays a dividend of shs5. if you are willing to purchase the stock at shs45, what is your required rate of return (round your answer to the nearest .1% and assume that there are no transaction costs)?

Answers

To calculate the required rate of return for Bell Corp.'s preferred stock, we can use the dividend discount model.

The formula is: Required Rate of Return = Dividend / Price of the Stock. So, in this case, the required rate of return would be 5 / 45 = 0.1111 or 11.1% (rounded to the nearest 0.1%). This means that an investor purchasing Bell Corp.'s preferred stock at shs45 would expect to earn an annual return of 11.1% on their investment, which is the minimum rate of return they would require to make the investment worthwhile.

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wat is 6x6+63+90-331x5

Answers

The Answer is -1466.

Explanation:

Answer:

-1466

Explanation:

Give brainliest and I will do step by step!

Step by step-

6 X 6= 36

-331 X 5= -1655

63 + 90= 153

153 + 36= 189

-1655 + 189= -1466

Under the uniform securities act, an investment adviser may be formed as any of the following except a(n)?

Answers

Under the Uniform Securities Act, an investment adviser may be formed as any of the following except a broker dealer.

The Uniform Securities Act is a model law that any state can use to help them create their own state securities laws. The National Conference of Commissioners on Uniform State Laws developed it.

A broker-dealer (B-D) is a person or company who trades securities for their own account or on behalf of their clients. Since the majority of stock brokerages function as both agents and principals, the term "broker-dealer" is used to describe them in terms of U.S. securities regulation.

An individual or business that receives compensation for advising clients about securities is known as an investment adviser. Investment advisers and financial advisors are not the same even if the names have a similar sound.

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After reconciling the advance payments, how much Child Tax Credit will Chloe be able to claim on her 2021 federal income tax return

Answers

Answer:

i have no idea. i just needed to answer a question sorry to bother and yea ill come back to this answer.

A corporation has 3000 shares, 10% preferred stock of $55.00 par preferred stock, and 6000 shares of common stock outstanding. The net income for the year is $300,000. Calculate earnings per share. (Round your answer to the nearest cent.)

Answers

Answer:

the earning per share is $47

Explanation:

The computation of the earning per share is shown below;

= (Net income - preference dividend) ÷ number of common stock outstanding

= ($300,000 - (3000 × $55 × 10%) ) ÷ 6,000 shares

= $47.25

= $47 per share

Hence the earning per share is $47

name some differences between the requirements and responsibilities between volunteer,intern, and paid jobs

Answers

Answer:

The major difference between job shadowing and an internship is that you perform more duties as an intern than as a job shadow participant. Interns are hired for temporary positions, and they can be paid or unpaid. When you have. a job you are bing paid and normally have more responsibilities.

tori is a freelance photographer and her net earnings were $80,000. calculate tori’s payroll taxes if she was a full time employee

Answers

Tori’s payroll taxes if she was a full time employee of the company will be $11304.

How to compute the tax?

From the given information, the net income is $80000, tax rate is 15.3% for social security and Medicare.

Therefore, the tax paid by Tori will be:

= 15.3% × $73880

= $11304

In conclusion, the tax will be $11304

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Wally’s world sold $24,000 of merchandise to chase liquidators on december 23rd, terms fob destination. This shipment is still in transit on december 31st, year-end for wally’s world. Will wally’s world record revenue for this transaction on its current year-end december 31st income statement?.

Answers

No, until the goods arrive at the customer, no income is recorded for things shipped FOB destination. Up until it reaches Chevy, Wally shouldn't record any revenue associated with these transactions.

What is FOB destination?The ownership of these commodities does not change until they arrive at their destination, according to the shipping term FOB destination. The vendor has not fulfilled their performance obligations up until that point, hence no income has been tallied. There are two variations between FOB shipping point and FOB destination: who pays for shipment and the time at which ownership of the goods passes from the seller to the customer. FOB shipment point: Once the product ships, the buyer becomes the owner and pays for shipping. Seller pays for shipping and retains ownership of the goods until delivery. For instance, "FOB [name of originating port]" in international shipping refers to the seller (consignor) being in charge of the expense of the products' transit to the port of shipment as well as their loading.

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The simplest way to think about throughput is the quantity of work completed.a. Trueb. False

Answers

True, the amount of work performed is the easiest way to think about throughput.

The amount of work completed by an employee in comparison to the standards set by the employer is known as the quantity of work. Establishes new benchmarks for productivity and motivates coworkers or members of the team with their own performance

Always looks for methods to create more work, even if that means putting in extra time or showing up early for work. prioritizes the productivity of the team and continuously seeks out and applies innovative strategies to accomplish tasks and improve the team's production.

Always goes above and above; accountable for a significant increase in the production of own department. fully comprehends the metrics behind productivity, and works diligently and shrewdly to improve departmental and corporate efficiency.

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Type the correct answer in the box. Spell all words correctly. The demand curve has what kind of slope?

Answers

Answer:

Usually slopes downwards

Explanation:

in a negative association

On January 1, 2019, when its $30 par value common stock was selling for $80 per share, Ayayai Corp. issued $11,700,000 of 8% convertible debentures due in 20 years. The conversion option allowed the holder of each $1,000 bond to convert the bond into five shares of the corporation’s common stock. The debentures were issued for $12,636,000. The present value of the bond payments at the time of issuance was $9,945,000, and the corporation believes the difference between the present value and the amount paid is attributable to the conversion feature. On January 1, 2020, the corporation’s $30 par value common stock was split 2 for 1, and the conversion rate for the bonds was adjusted accordingly. On January 1, 2021, when the corporation’s $15 par value common stock was selling for $135 per share, holders of 30% of the convertible debentures exercised their conversion options. The corporation uses the straight-line method for amortizing any bond discounts or premiums.1. Prepare the entry to record the original issuance of the convertible debentures. Account Titles and Explanation Debit Credit Cash 12420000 Premium on Bonds Payable 920000 Bonds Payable 11500000 2. Prepare the entry to record the exercise of the conversion option, using the book value is required,Account Titles and Explanation Debit Credit Bonds Payable Premium on Bonds Payable 220800 Common Stock Paid-in Capital in Excess of Par - Common Stock

Answers

Answer:

cash       12,636,000

 convertible bonds payable    11,700,000 credit

 premium on convertible bonds 936,000 credit

--to record the issuance--

convertible bonds payable     3,510,000  debit

premium on convertible bonds 252,720 debit

      common stock                                   526,500 credit

     additional paid-in common stock   3,236,220 credit

--to record the exercised bonds---

Explanation:

the issuance will be:

cash for the amount received

then convertible bonds payable for 11,700,000

and a premium between their face value and the market price.

12,636,000 - 11,700,000 = 936,000

IN 2020 the bonds are now convertible to 10 shares of $15 as a product of the sotkc-split

Jan 1st 30% are exercised:

bonds exercised:

11,700,000 x 30% = 3,510,000

premium at jan 1st 2021:

936,000 / 20 years x 18 years left = 842,400

Then we calculate 30%: 842,400 x 0.30 = 252,720

common stock:

3,510,000 / 1,000 per bonds x 10 shares per bonds = 35,100 new shares

35,100 x $15 = 526,500 common stock

additional paid-in common stock:

we solve for the difference:

book value of the bonds less common stock face value

(3,510,000 + 252,720) - 526,500 =  3.236.220

which risks do you think boxes-and-stuff might face?​

Answers

Answer:

I think the risks boxes and stuffs might face is cracking or being destroyed through delivery time through transportation.

Explanation:

HOPE IT HELPS

Which of the following factors in productiservice planning affects product protection, product image, and indentification of the product's brand

Answers

Answer:

A: D

Explanation:

suppose that after owning a two men and a truck franchise for five years, you decide to go out on your own with a new moving company called four movers. what kinds of legal issues would you face?

Answers

There are several legal issues that you would need to consider when starting a new moving company called "Four Movers". These include:

1. Business registration: You will need to register your company with the appropriate state and federal agencies to ensure that you are operating legally.

2. Insurance: You will need to obtain appropriate insurance coverage for your business, including liability insurance to protect your company in the event of any accidents or damages.

3. Licensing: Depending on your location, you may need to obtain special licenses or permits to operate a moving company.

4. Employment Laws: If you plan to hire employees, you will need to be aware of and comply with all applicable employment laws, including minimum wage requirements, overtime rules, and anti-discrimination laws.

5. Contracts: You will need to have legally binding contracts in place with your customers to outline the terms of your services and protect your company in the event of any disputes.

Overall, starting a new moving company can be a complex process with many legal issues to consider. It is important to consult with an attorney and other professionals to ensure that your company is set up and operated in accordance with all applicable laws.

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