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Help thank you!!! Please help!!! A business owner reported the following transactions for the first four months of her business starting on lon 1.2020 She
Help thank you!!!
Please help!!!
A business owner reported the following transactions for the first four months of her business starting on lon 1.2020 She invested $100.000 into the business account. She paid $3,000 for repairs. She received 540,000 from customers for service. There is an unpaid repair bill of $500. She paid 58.000 wages to her employees. She withdrew $10,000 for her personal use. She prepaid $1.200 for one year insurance on Jan 1, 2020. One of her customers owes her $2.000 for a completed service. Induded in $40,000 that she received from customer, is $1,000 prepaid by a customer for a service due in August. She has not provided that service yet. One of the employees who worked for 10 days 8 hours per day, $20 per hour, has not yet been paid yet Answer the following questions for April 30, 2020 a. How much is Insurance expense for the first four months? Ca $400 Ob 5.300 $800 Od 5100 b. How much is the balance of Prepaid Insurance? O 5400 C. $300 O 5000 Od 5100 c. How much is the amount of Unearned Revenue? 04.$2,000 Ob $3.000 &$1.000 Od $37.000 d. How much is the amount of A/R? a $4.000 Ob 55.000 Oc.5.000 Od: 22.000 e. How much revenue has she earned in the first four months of her business? Oa 538.000 O $19.000 Oc540,000 0541.000 t. How much each does her business own? C$100,000 Ob 5140,000 Oc5117.00 10.000 9. How much is the amount of the business assets? a $120,400 C. 5120,600 Oc5117.00 Od 13.00 h. How much is the amount of W/P? 1,600 O 39,000 C100 Od 5.600 How much cash does her business own? $100.800 C. $140.000 Oc5117.800 Od $110.000 g. How much is the amount of the business assets? Ca 5120.400 C6 $120,000 O$117.500 O $119.800 h. How much is the amount of W/P? Os $1.600 Ob 59.000 Oc 39.600 36.600 L. How much is Wages Expense? Ca 51,600 O. 59.000 Oc59.600 Od $6.000 J. How much is Repair Expense? O 3500 Ob 52,500 O5.500 Od 1000 k. How much Liabilities does her business have? a $3,500 Ob 2,100 Oc55.100 Od 1.600 L. How much is her business' total expenses? $13,500 Ob 23.500 OSM4300 05.000 m. How much is the amount of OE for her business? C$113.500 O $122.500 Oc1114.00 115.500 16 of 22) - Geogle Chrome attempt.php?attempte1411760.cmd=1509295&page=15 ion A business owner reported the following transactions for the first four months of her business starting on Jan 1, 2020: She invested $100,000 into the business account. She paid $3,000 for repairs. She received $40,000 from customers for service. There is an unpaid repair bill of $500. She paid $8,000 wages to her employees. She withdrew $10,000 for her personal use. She prepaid $1,200 for one year insurance on Jan 1, 2020. One of her customers owes her $2,000 for a completed service. Included in $40,000 that she received from customer, is $3,000 prepaid by a customer for a service due in August. She has not provided that service yetOne of the employees who worked for 10 days, 8 hours per day, $20 per hour, has not yet been paid yet. Answer the following questions for April 30, 2020: a. How much is insurance expense for the first four months? Ob. $300 Oc $800 Od $100 Oa $400 b. How much is the balance of Prepaid Insurance? Oa $400 Ob. $300 Oc$800 Od $100 c. How much is the amount of Unearned Revenue? Oa $2,000 Ob. $3,000 Oc $1,000 Od.537,000 d. How much is the amount of A/R? Oa. $4,000 Ob. $5,000 Oc. $3,000 Od $2,000 scato attempt.php?attempt 14117608cmid=1509295&page=15 Oa.$4,000 Ob. $5,000 Oc.$3,000 Od $2,000 e. How much revenue has she earned in the first four months of her business? Oa.$38,000 Ob. $39,000 Oc.$40,000 Od.$41,000 How much cash does her business own? Oa $100,800 Ob. $140,800 Oc.$117,800 Od.$119,900 g. How much is the amount of the business assets? Oa.$120,400 Ob. $120,600 Oc.$117,800 Od $119,800 h. How much is the amount of W/P? Oa $1,600 Ob. $9,000 Oc.$9,600 Od $6,600 1. How much is Wages Expense? Oa $1,600 Ob. $9,000 Oc.$9,600 Od.$6,600 J. How much is Repair Expense? Oa$500 Ob. $2,500 Oc:$3,500 Od $3,000 here to search sckpage 15 i. How much is Wages Expense? Oa $1,600 Ob. $9,000 Oc$9,600 Od.$6,600 j. How much is Repair Expense? Oa.$500 Ob. $2,500 Oc.$3,500 Od.$3,000 k. How much Liabilities does her business have? Oa.$3,500 Ob. $2,100 Oc.$5,100 Od.$1,600 1. How much is her business' total expenses? Oa.$13,500 Ob. $23,500 Oc$14,300 Od $15,800 m. How much is the amount of OE for her business? Oa $113,500 Ob. $123,500 Oc.$114,300 Od. $ 115,500 Step by Step Solution
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