Outdoor Adventures Travel recorded revenues of $3,000 earned on account by providing travel service for clients. 1.
Question:
1. How much are the business's cash and total assets, assuming this is the only transaction?
2. Name the business asset that was increased as a result of this transaction.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (10 reviews)
Hence for the final analysis we can say ...View the full answer
Answered By
Aysha Ali
my name is ayesha ali. i have done my matriculation in science topics with a+ . then i got admission in the field of computer science and technology in punjab college, lahore. i have passed my final examination of college with a+ also. after that, i got admission in the biggest university of pakistan which is university of the punjab. i am studying business and information technology in my university. i always stand first in my class. i am very brilliant client. my experts always appreciate my work. my projects are very popular in my university because i always complete my work with extreme devotion. i have a great knowledge about all major science topics. science topics always remain my favorite topics. i am also a home expert. i teach many clients at my home ranging from pre-school level to university level. my clients always show excellent result. i am expert in writing essays, reports, speeches, researches and all type of projects. i also have a vast knowledge about business, marketing, cost accounting and finance. i am also expert in making presentations on powerpoint and microsoft word. if you need any sort of help in any topic, please dont hesitate to consult with me. i will provide you the best work at a very reasonable price. i am quality oriented and i have 5 year experience in the following field.
matriculation in science topics; inter in computer science; bachelors in business and information technology
_embed src=http://www.clocklink.com/clocks/0018-orange.swf?timezone=usa_albany& width=200 height=200 wmode=transparent type=application/x-shockwave-flash_
4.40+
11+ Reviews
14+ Question Solved
Related Book For
Horngrens Accounting
ISBN: 978-0133855371
10th Canadian edition Volume 1
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann L. Johnston, Peter R. Norwood
Question Posted:
Students also viewed these Cost Accounting questions
-
Getaway Travel, Inc., recorded revenues of $2,800 earned on account by providing travel service for clients. Requirements 1. How much are the businesss cash and total assets after the transaction? 2....
-
How much are the total quarterly payments paid by Erich Shultz, age 40, and his wife Demetria, age 35, if each has a 20-year level term insurance policy for $300,000 and both use tobacco?
-
On January 1, 2014, Rae Corporation purchased 30% of the common shares of Martz Limited for $196,000. Martz Limited shares are not traded in an active market. The carrying amount of Martz's net...
-
1. Prepare a list showing all tasks and their durations. 2. Analyze the fact situation carefully to determine which tasks are concurrent and which ones are dependent on other tasks. 3. Using PERT/CPM...
-
Refer to the financial statements of Urban Outfitters given in Appendix C at the end of this book. Compute the following ratios for the most recent reporting year for which you have available...
-
Health risks to beachgoers. According to a University of Florida veterinary researcher, the longer a beachgoer sits in wet sand or stays in the water, the higher the health risk (University of...
-
When the amount of overhead absorbed is less than the amount of overhead incurred, it is known as (a) underabsorption of overhead (b) overabsorption of overhead (c) proper absorption of overhead (d)...
-
Compute the charitable contribution deduction (ignoring the percentage limitation) for each of the following C corporations. a. Amber Corporation donated inventory of clothing (basis of $24,000, fair...
-
Jose Loder established Bronco Consulting on August 1 , 2 0 Y 1 . The effect of each transaction and the balances after each transaction for August follow: Prepare an income statement for the month...
-
Three emergency medical services employees were returning to their office in an ambulance after having had lunch. An EMT in the rear of the vehicle turned on the power to a manual cardiac...
-
Erin Chan is the proprietor of a property management company near the campus of a local university. The business has cash of $12,000 and furniture that cost $24,000 and has a market value of $30,000....
-
Jim and Andrea McGee want to open a restaurant. In need of cash, they meet with their bank manager for a loan. With little knowledge of finance, the McGees don't know how the lending process works....
-
A recent review of team studies indicated that teams with high levels of interpersonal interconnectedness attain goals better and are more committed to each other. Do you agree? Why or why not?
-
Ted sold his Microsoft stock for $40,000 paying a commission of $800. He purchased the stock in 2004 for $8,000 and paid commission of $200. What is the recognized gain on the sale?
-
Liquid water at 80C and at 1atm flows through a heated pipe at a flow rate of 3.1 kg/s. It then leaves the pipe as steam. The water receives 9753840 J of heating from the pipe. Calculate the...
-
The balance sheet of River Electronics Corporation as of December 31, 2023, included 14.00% bonds having a face amount of $90.7 million. The bonds had been issued in 2016 and had a remaining discount...
-
The term mutually exclusive means that two events have no common elements in them. The occurrence of one event means that the other other event does not occur. An example of a mutually exclusive...
-
9a A conical pendulum is made by hanging a mass of 5.0 kg from a large spring of length 1.0 m and spring constant k = 100 N/m. The spring moves in a circle at an angle of 25 deg. When at rest hanging...
-
Give the complete symbol including atomic number and mass number, of (a). A nickel atom with 31 neutrons, (b). A plutonium atom with 150 neutrons, and (c). A tungsten atom with 110 neutrons. (x7)
-
What does non-recourse financing mean?
-
Piedmont Inc. has the following transactions for the month of July. A. Record the transactions for Piedmont Inc. in the proper special journal, and post them to the subsidiary ledger and general...
-
Evie Inc. has the following transactions during its first month of business. Journalize the transactions that go in the sales journal. Jun. 1 Jun. 2 Jun. 3 Jun. 4 Jun. 5 Jun. 6 Credit sale (invoice...
-
The following information pertains to Crossroads Consulting, Inc. Match each of the following parts of Crossroads accounting information system in the left hand column with the appropriate item(s)...
-
you are analyzing the cost of debt for a firm. Do you know that the firms 14 year maturity, 7.8 Percent coupon bonds are selling at a price of $834. The Barnes pay interest semi annually. If these...
-
***Please answer the following using excel and showcasing the formulas/calculations used*** thank you so much Financial information on AAA Ltd. is shown below. AAA Ltd. Income Statement For the Year...
-
2. In an account Anh Paglinawan currently has $216,670.00. At a rate of 8.00% how long will it take for them to have $298,390.00 assuming semi-annually compounding? (Hint: compute the exact years, do...
Study smarter with the SolutionInn App