Question 31 4 pts The trial balance for Clooney Corporation had accounts with the following normal...
Fantastic news! We've Found the answer you've been seeking!
Question:
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/05/664d44805335e_839664d447fcf4a6.jpg)
Transcribed Image Text:
Question 31 4 pts The trial balance for Clooney Corporation had accounts with the following normal balances: Cash $13,000, Service Revenue $85,000, Salaries and Wages Payable $4,000, Salaries and Wage Expense $40,000. Rent Expense $10,000, Common Stock $42,000, Dividends $15,000, Unearned Revenue $8,000 and Equipment $61,000. Assuming these are the only accounts of Clooney Corporation, what is the total in the debit column in their Trial Balance? Answer: $ Question 31 4 pts The trial balance for Clooney Corporation had accounts with the following normal balances: Cash $13,000, Service Revenue $85,000, Salaries and Wages Payable $4,000, Salaries and Wage Expense $40,000. Rent Expense $10,000, Common Stock $42,000, Dividends $15,000, Unearned Revenue $8,000 and Equipment $61,000. Assuming these are the only accounts of Clooney Corporation, what is the total in the debit column in their Trial Balance? Answer: $
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
Thor Bhd. (Thor) is a listed company in Malaysia, specializes in selling batteries. At 31 December 2021, Thor holds four distinct types of batteries in its warehouse. The accountant of Thor provided...
-
Let X be a single observation from the beta(, 1) pdf. a. Let Y = - (logX)-1. Evaluate the confidence coefficient of the set [y/2, y]. b. Find a pivotal quantity and use it to set up a confidence...
-
Anheuser-Busch, (which is now part of AB InBev due to a merger), the producer of Budweiser and other beers, has engaged in a joint venture with Kirin Brewery, the largest brewery in Japan. The joint...
-
PR 14-1 What is required to disclose concerning the changes in a firms cumulative translation adjustment?
-
Allocating resources can be a political and an ad hoc activity in firms that do not use strategic management. Why is this true? Does adopting strategic management ensure easy resource allocation? Why?
-
3. By definition, what is the difference between immediate annuities and deferred annuities? a. when interest is credited to the contract b. when the contract is scheduled to annuitize c. the...
-
in five dysfunctions of a team, Without conflict, it becomes difficult for team members to __________________________. Group of answer choices commit and buy-in to decisions blame accurately become...
-
Case Study : While it might be easy to see the negative effects on the environment from car emissions or the waste we produce, fewer people think about the effects of discarded clothes on the...
-
CompanyWeek 8 Assignment - Financial Statement Analysis Overview In this assignment, you will take your work with financial statements to the next level. You will analyze financial statements similar...
-
In Exercises 9-12, assume that 100 births are randomly selected. Use subjective judgment to describe the given number of girls as (a) significantly low, (b) significantly high, or (c) neither...
-
Which of the following is not included in the cash flow statement? a. Cash from short-term investments b. Cash from operations c. Cash from the balance sheet d. Cash from capital financing Which of...
-
Case Study Chapter 13B Pharm - Saved Case Study Chapter 13 Central Nervous System Stimulants and Related Drugs Nancy has been unsuccessful in preventing migraine headaches and has been prescribed a...
-
Consider the following descriptions of the vertical motion of an object subject only to the acceleration due to gravity. (Note: the acceleration due to gravity is 9.8 m / s2.) a. Find the velocity of...
-
Information graphics, also called infographics, are wildly popular, especially in online environments. Why do you think infographics continue to receive so much attention? How could infographics be...
-
Marwicks Pianos, Inc., purchases pianos from a large manufacturer for an average cost of $2,450 per unit and then sells them to retail customers for an average price of $3,125 each. The companys...
-
Define the discipline called project management. AppendixLO1
-
Which conflict resolution style is warranted in this case? Why? How might some of the other resolution approaches be inadequate in this situation? The Bean Counter and the Cowboy The morning project...
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App