Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I need fast help in these questions. I have only 30 minutes. Please do them correctly and fast please A Moving to another question will
I need fast help in these questions. I have only 30 minutes. Please do them correctly and fast please
A Moving to another question will save this response. Question 22 At the end of January (1st month of operations) Cloud Company had the following items shown in their trial balance: Cash Accounts payable Supplies expense Dividends $660Equipment 630\Common stock 120 Revenues earned 240Advertising expense 5 900 Salary expense 1.200 Accounts receivable 1,500 Supplies 180 Utilities expense $600 270 210 150 What would be shown as retained earnings on Cloud's balance sheet at January 30 th O $450 $210 $1,260 O 5690 Question 23 At the end of January (1st month of operations) Cloud Company had the following items shown in their trial balance Cash Accounts payable Supplies expense Dividends 5660 Equipment 630 Common stock 120 Revenues earned 240 Advertising expense S 900 Salary expense 1,200 Accounts receivable 1.500 Supplies 180 Utilities expense $600 270 210 150 What amount would be shown as total assets on Cloud's January 30 balance sheet? th O $2,040 O 51.410 O 51.410 O $3.240 Moving to another question will save this response. Question 24 In the first month of operations, the total of the debit entries to Summer's Cash account amounted to 570 and the total of the credit entries to the Cash account amounted to $30. The Cash account has a 530 credit balance 570 debit balance $100 credit balance O 540 debit balance
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started