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On March 1, Zane Company purchased a new stamping machine with a list price of $24,000 The company paid cash for the machine therefore it
On March 1, Zane Company purchased a new stamping machine with a list price of $24,000 The company paid cash for the machine therefore it was allowed a 3% discount other costs associated with the machine were transportation costs, $1270, sales tax paid $1.680 instalation costs, $450 routine maintenance during the first month of operation $500. The cost record the machine was: $23, 730 $26, 680 $25, 960 $24.000 The Rulz Corporation, which owns a chain of specialty shops, has recently begun to accept credit cards. On March 1, 2014, Ruiz made a credit card sale of $5, 200 to a customer The credit card company charges a fee of 3% Which of the following correctly shows the effects of the sale on March 1? Assume that the credit card fee is recorded on the date of sale. option A Option B Option C Option D The Bledsoe Company received $15,000 cash from the issue of stock on January 1, 2013. During 2013 Bledso earned &8, 500 review on account. The company collected $6,000 cash from accounts receivable and paid $6, 400 cash for operating expenses. Based this information alone, during 2013 Total assets increased by $600. Total assets increased by $24 100. Total assets increased by $18, 100. Total assets did not change. Vandever Company's balance sheet reported assets of $42.000, liabilities of$16,000 and stock of $12,000 of December 31, 2012. If Retained Earnings on the December 31, 2013 balance sheet is $18.000 and Vandever paid a $14000 dividend during 2013, then the amount of net income 2013 which of the following? $15,000 $17,000 $3,000 None of these $4000 $4, 133
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