Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

answer all questions, just the answer Multiple Choice Question 154 At December 1, 2022, Concord Corporation Accounts Receivable balance was $13440. During December, Concord had

answer all questions, just the answer image text in transcribed
image text in transcribed
image text in transcribed
Multiple Choice Question 154 At December 1, 2022, Concord Corporation Accounts Receivable balance was $13440. During December, Concord had credit sales of $36000 and collected accounts receivable of $28800. At December 31, 2022, the Accounts Receivable balance is O $20640 debit $49440 debit $20640 credit $13440 debit Multiple Choice Question 93 Equipment with a cost of $434000 has an estimated salvage value of $50000 and an estimated life of 4 years or 8000 hours. It is to be depreciated by the straight-line method. What is the amount of depreciation for the first full year, during which the equipment was used for 2000 hours? $108500 $121000 $113500 396000 OURCES Exam Multiple Choice Question 82 If Swifty Corporation issues 3500 shares of $5 par value common stock for $177500, the account Paid-in Capital in Excess of Par Value will be credited for $17500. Giple Elon 118 O Cash will be debited for $160000. Paid-in Capital in Excess of Par Value will be credited for $160000. olce 31 Common Stock will be credited for $177500. oice

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Modernize Your Audit Department Five Critical Areas For Improvement

Authors: Toby DeRoche

1st Edition

B08FKW8B91, 979-8674160274

More Books

Students also viewed these Accounting questions

Question

Describe and apply gestalt perceptual organizing principles?

Answered: 1 week ago