The following transactions have been journalized and posted to the proper accounts: 1. Mark Call invested $7,000 cash in his new design services business. 2. The business pre-paid the first month's rent of $700 cash. 3. The business purchased equipment by paying $2,000 cash and issuing a note payable for $4,500. 4. The business purchased supplies for $850 cash. 5. The business billed a client for $4,000 of design services completed. 6. The business received $3,000 cash for the completed services. What is the balance in Cash for this design service business

Answers

Answer 1

Answer:

$6,450

Explanation:

Calculation to determine the balance in Cash for this design service business

Using this formula

Cash balance=Cash Amount invested+Cash Received-Rent- Equipment purchased-Supplies

Let plug in the formula

Cash balance=$7,000+$3,000-$700-$2,000-$850

Cash balance=$6,450

Therefore the balance in Cash for this design service business is $6,450


Related Questions

Jamie is building a house on her lot. She invites Earnie of Earnie's Excavation to bid on the excavation job. Earnie observes that the lot next to Jamie's is also under excavation and the soil in that lot is normal and not excessively rocky. Based on the assumption that the soil in Jamie's lot will be similar, he and Jamie agree that the excavation will cost $3,000. When Earnie starts digging, he learns there is solid rock under Jamie's lot. Earnie says it will cost an extra $2,500 for the excavation work. Jamie agrees just to get the job done but later refuses to pay a dime more than $3,000. If Earnie sues, the most likely result would be

Answers

Answer: Earnie wins, as the modification was due to unforeseen difficulties

Explanation:

Based on the information given in the question, since Earnie wasn't aware of the fact that the soil was rocky and later got to know after the work has commenced, if Earnie sues, Earnie will win because the modification that is made is due to unforeseen difficulties.

It should be noted that there should be a consideration for an unforeseen difficulty which comes into place after a contract has been made. Unforseen difficulties are a catalyst for further promise.

Green Landscaping is completing work for a contract client that is billed when work is completed. At the year-end, Green had completed $250 of landscaping services that were unbilled and unrecorded. The entry to record this adjustment will include which of the following entries: (Check all that apply). Multiple select question. a debit to unearned service fees a credit to unearned service fees a debit to service fees earned a credit to accounts receivable a credit to service fees earned a debit to accounts receivable

Answers

Answer:

a debit to accounts receivable

a credit to service fees earned

Explanation:

Based on the information given we were told that $250 of landscaping services which were unbilled and unrecorded was completed at year end which means that The appropiate journal entry to record this adjustment will include which of the following entries:

a debit to accounts receivable

a credit to service fees earned

I GIVE BRAINLIEST! ASAP!!!!

What actions can the government and central bank take to ensure the economy stays regulated?

Answers

Answer:

The government can influence interest rates, print money, and setting bank reserve requirements are all tools central banks use to control the money supply. Other tactics central banks use include open market operations and quantitative easing, which involve selling or buying up government bonds

Identify a specific government organization, think tank, academic research center, or school board;
research its goals and investigate requirements for employment.

Summarize and submit your findings in a 600-word essay.

IT WOULD MEAN THE WORLD TO ME if someone wasted there time doing this one project for me! God bless u if u don’t rip me off !! ❤️

Answers

Answer:

there's no way I'm writing a 600 word essay, but CRA is a government agency. It stands for Canada Revenue Agency and they basically collect Canadian taxes. To get employed a person needs to be in the field of accounting.

state one advantage and one disadvantage of parallel cables​

Answers

Answer:

Advantages: We know that the voltage remains constant in the parallel connection. Therefore, each component in the circuit gets the same amount of voltage.

Disadvantage: To construct the parallel connection, we need lots of wires.

Please mark as brainliest if answer is right

Have a great day, be safe and healthy  

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One of the determinants of employees' willingness to exert effort is the degree to which they value the rewards offered by the organization.

Answers

Answer:

True.

Explanation:

An employee can be defined as an individual who is employed by an employer of labor to perform specific tasks, duties or functions in an organization.

Basically, an employee is saddled with the responsibility of providing specific services to the organization or company where he is currently employed while being paid a certain amount of money hourly, daily, weekly, or monthly depending on the contractual agreement between the two parties (employer and employee).

Hence, while an employer may be the owner of a business firm or company, an employee is a subordinate employed to provide unwavering services to the employer while also, being professional and diligent at all times.

An equality norm refers to a reward system in which the employer or human resource manager decide to compensate or pay the entire workforce the same amount of money without discrimination or favoritism.

Basically, it's paid regardless of individual productivity levels, in order to promote the ability to work effectively in groups.

However, one of the determinants of employees' willingness to exert effort is the degree to which they value the rewards offered by the organization. These rewards usually includes salary, overtime, transportation (car), house, pension, healthcare, allowances, etc.

Hence, the willingness of an employee to put in his best at his place of work by exerting more effort, is largely dependent on the reward system designed and being implemented in the organization.

For example, an employee who's given an official car with a driver, apartment, healthcare and work bonus is more inclined to perform excellently and loyal to his employer.

you purchased one hundred shares of AT&T stock. The company pays 20 cents per share to each share holder (That’s you!) at the end of this quarter. This money is called

Answers

Answer:

Dividends

Explanation:

Gidgits Galore's chimney stacks emit significant amounts of smoke into the air, and residents have complained about the poor air quality since the factory began operating. The EPA and state Attorney General can bring suit against Gidgits Galore for spowing fumes into the air False or True

Answers

Answer:

Could be True or False.

Explanation:

True if Gidgits is breaking any EPA/State regulations. False if they are in complete compliance with the law.

pleaseeeeeeee helpppppppp Which of the following media representatives would most likely meet with a celebrity fashion designer to preview her Fall collection in July?

the art director of an online fashion magazine
the advertising chief of a celebrity gossip magazine
the editor-in-chief of an international fashion magazine
the author of a fashion blog

Answers

I feel like the answer may be the art director of an online fashion magazine but I could be wrong ><

Kiran's family took a road trip to Niagara Falls. Kiran slept through the last 62% of the trip. If the total length of the trip was 1000 miles, how many miles had they travelled when Kiran fell asleep?

Answers

Answer: 380

Explanation:

So we know that 62% of the trip she was asleep. Basically we need to subtract 100- 62 and get 38. 38% she was awake. Therefore once we get that we covert it into a decimal

It would be .38 we multiply by the total miles (1000) and your answer will be 380. :)

make a budget of 2000 dollars for a grade six pupil​

Answers

Answer:

Spend half save half

Explanation:

Choose the answer that best fits each statement below.
1. As you begin your budgeting process, a good place to start is to prepare a
a. Budget variance
b. Budget estimate
C. Budget plan
d. Budget contribution

Answers

Answer:

i thingk its

c.budget plan

Answer:

the Answer is c.budget plan

A(n)
strategy determines the direction the organization will take in making directional decisions.
A. business
O
B. organizational
C. operational
O
D. corporate

Answers

corporate is the correct answer

a description about agriculture

Answers

Answer:

The art and science of cultivating the land, growing crops, and raising livestock is known as agriculture. It entails the processing of plant and animal products for human consumption as well as their delivery to markets. These goods, as well as the agricultural practices employed, may differ from one region to the next.

Explanation:

Hope this helps!

Please mark me as Brainlineast.

George walks in and wants to send multiple back to back transactions to the
same person after asking some "Know Your Customer" questions, you find
out the receiver sells homeopathic remedies directly to customers. They're
dirt cheap! The receiver was very thorough with the instructions for sending
the payment information, so George feels confident.
Are there any Red Flags? If so, please select all that apply:

Answers

Answer: The Sender and Receiver don't know each other

Sending money for what sounds like a too good to be true

The purpose of transaction for online goods is questionable

Explanation:

The statement "The sender & receiver don't know each other, money send for sounds like very good to be true dealing, and the motive of the transactions with respect to the online goods is considered to be questionable" is considered to be the red flag.

The sender i.e. Geroge who not even know the receiver that sells the homeopathy remedies online so this could raise a few issues but it is not to be considered very serious for red-flagged:

Since e-commerce arises each and every time that lies between non-known parties online.

This is due to the dirt chape that could make it suspicious also they don't know each other so this should be considered red-flagged.

The instructions with regard to the payment do not represent any signal of reliability and truthfulness so might me the receiver is trustworthy and genuine.In the case when the homeopathy remedies do not have the licensing and permissions so it would become questionable.

No one could suggest the specific brand of homeopathy as it becomes nonprofessional and non-appropriate, so the last option is not be considered.

Therefore we can conclude that The statement "The sender & receiver don't know each other, money send for sounds like very good to be true dealing, and the motive of the transactions with respect to the online goods is considered to be questionable" is considered to be the red flag.

Learn more about homeopathy here: brainly.com/question/7460064

When lifting, you should use what part of your body to do most of the lifting?

Answers

Thighs, upper arms, and shoulders. Most are legs.

Answer:

You should use your legs to do most of the lifting

Explanation:

Your legs are many times stronger than your back muscles. Let your strength work in your favor. Again, lower yourself to the ground by bending your knees, not your back.

Whats your favorite Song guys

Answers

gravity ft. tyler the creator

Memories by Maroon 5. I love this song.

What are vesting rights? Question 33 options: the ability of retired employees to retain their seniority if they return to work at their former employer a government commitment to provide retirement benefits to all U.S. workers the designation that retired workers will receive cost-of-living increases as part of their monthly pension checks the guarantee that employees in a pension plan will receive a pension at retirement age, regardless of whether they stay with the employer the ability of younger workers to move their retirement savings to another account after leaving a specific employer

Answers

Answer:

the guarantee that employees in a pension plan will receive a pension at retirement age, regardless of whether they stay with the employer.

Explanation:

An employee can be defined as an individual who is employed by an employer of labor to perform specific tasks, duties or functions in an organization.

Basically, an employee is saddled with the responsibility of providing specific services to the organization or company where he is currently employed while being paid a certain amount of money hourly, daily, weekly, or monthly depending on the contractual agreement between the two parties (employer and employee).

Thus, while an employer may be the owner of a business firm or company, an employee is a subordinate employed to provide unwavering services to the employer while also, being professional and diligent at all times.

Vested rights can be defined as an unconditional right belonging to an individual as a property interest and as such cannot be denied, impaired or taken away from him or her. Thus, these rights are generally enforceable claims under the law.

Hence, vesting rights is the guarantee that employees in a pension plan will receive a pension at retirement age, regardless of whether they stay with the employer.

Nathan is analyzing the demand for baseball bats that illuminate when they hit something. The managing director of his company has asked him
to understand the type of need that exists for such a product. What are the two types of needs that Nathan should consider?
Nathan should consider the
B and
needs that would exist for a self-illuminating baseball bat.
Reset
Next

Answers

Answer:

Isuzu trooper the intended addressee please notify the best of

what does it mean to be intelligent?

Answers

Answer:

Intelligence has been defined in many ways: the capacity for logic, understanding, self-awareness, learning, emotional knowledge, reasoning, planning, creativity, critical thinking, and problem-solving.

Answer:

It means to know certain subjects and items.

Explanation:

A bookstore costs $90 a day to keep open, and spends $12 for each book it sells. The store charges $18 for each book it sells. If n represents the number of books sold, which equation represents the cost function for this bookstore?
O A. C = 90n + 15
O B. C = 12n + 90
O C. C = 18n + 90
O D. C = 90n + 12​

Answers

Answer:

The correct answer is B just got it right on ape

Explanation:

state any five occupations in public service sector? Explain any one of them.​

Answers

Answer:

Explanation:

Public service simply refers to the services that are provided by the government. The examples of occupations in the public service sector include:

1. Firefighter

2. Law enforcement officer

3. Custom inspector

4. Military

5. Public health nurse

A law enforcement officer is a person that enforces law. They also help in protecting lives and properties.

FIVE SIX SEVEN EIGHT________.

Answers

Answer:

I demand a chocolate shake? mm chocolate shakeeeee

Explanation:

Answer:

9

Explanation:

Obviously

What is an origination fee on a loan?

Answers

Answer & Explanation: An origination fee is a payment associated with the establishment of an account with a bank, broker or other company providing services handling the processing associated with taking out a loan.

consideran que las costumbres y tradiciones deben mantenerse ala nueva generación​

Answers

Answer:

Efectivamente, considero que las costumbres y tradiciones deben mantenerse en las nuevas generaciones, pues forman parte de la idiosincrasia y la identidad de un pueblo, sociedad o nación. De esta manera, a través del mantenimiento de estas costumbres y tradiciones, las nuevas generaciones seguirán sintiendo una especial pertenencia a su patria, y mantendrán un vínculo que los ligará con esta y con sus compatriotas, puesto que las costumbres y tradiciones son parte esencial de la identidad de una nación.

A general rule in investing is to buy high, sell high

1) true
2) false

Answers

Answer:

Im pretty sure the answer is false

Explanation:

this is because when investing you want to get as much money as possible so you would buy it super cheap and sell it high

state any five occupation in public service sector and explain at one​

Answers

Answer: Some occupation in government organizations are Mental health therapist, substance abuse counselor, financial case worker, developmental disabilities specialist, public health nurse.

Explanation:

There so many occupation in government organizations, which all work together for the functionality of the society, here are a few;

- Mental health therapist.

- Substance abuse counselor.

- Financial case worker.

- Developmental disabilities specialist.

- Public health nurse.

Public health nurses are nurses who work in government owned hospitals,carrying out their basic roles, and ensuring they do it well treating all patient with fairness and equality.

The market value of​ Fords' equity, preferred stock and debt are $ 6 ​billion, $ 2 ​billion, and $ 12 ​billion, respectively. Ford has a beta of 1.8​, the market risk premium is 8​%, and the​ risk-free rate of interest is 4​%. ​ Ford's preferred stock pays a dividend of $ 2.50 each year and trades at a price of $ 25 per share. ​ Ford's debt trades with a yield to maturity of 10​%. What is​ Ford's weighted average cost of capital if its tax rate is 40​%?

Answers

Answer:

10.12 %

Explanation:

Weighted Average Cost of Capital (WACC) is the cost of permanent sources of capital pooled together. It shows the risk of the business and is used to evaluate projects.

WACC = Cost of equity x Weight of Equity + Cost of Debt x Weight of Debt + Cost of Preference Stock x Weight of Preference Stock

Remember to use the After tax cost of debt :

After tax cost of debt = Interest x (1 - tax rate)

                                    = 10​% x ( 1 - 0.40)

                                    = 6.00 %

Cost of equity :

Cost of equity = Return from Risk free security + Beta x Risk Premium

                        = 4.00 % + 1.8 x 8.00%

                        = 18.40 %

Cost of Preference Stock :

Cost of Preference Stock  = Dividend / Market return x 100

                                            = $2.50 / $ 25 x 100

                                            = 10%

therefore,

WACC = 18.40 % x 30 % + 6.00 % x 60 % + 10.00% x 10%

           = 10.12 %

thus,

Ford's weighted average cost of capital is 10.12 %

________ are programs where the government provides a tax deduction for spending on health insurance and other benefits by both employers and employees.

Answers

Answer:

Tax expenditures

Explanation:

Tax expenditures refer to the special kind of the provision like exclusion, deductions, credit, rate of the tax that would give the benefit for the particualr activities or the taxpayer group.

It is a program where the government give the tax deduction with respect to the amount spend on the health insurance and the other benefits

Hi, I need a catchy slogan for my business project my business is about sewing so please if you can include something using that.
Ex. Sew and be happy but something better than that lol​

Answers

Answer: can I ask your name, and what you like about sewing is it would help me

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