If the individual subsidiary ledger accounts of accounts receivable and accounts payable contained the following data: cadence company - vendor - $125 credit balance franklin enterprises - customer - $75 debit balance marcelo construction - client - $375 - debit balance peyton supplies - supplier - $275 - credit balance the accounts receivable (a/r) controlling account balance and the accounts payable (a/p) controlling account balances would be:
a. a/r - $200, a/p - $650
b. a/r - $400, a/p - $450
c. a/r - $450, a/p - $400
d. a/r - $75, a/p - $775

Diversified semiconductors sells perishable electronic components. some must be shipped and stored in reusable protective containers. customers pay a deposit for each container received. the deposit is equal to the container’s cost. they receive a refund when the container is returned. during 2018, deposits collected on containers shipped were $856,000. deposits are forfeited if containers are not returned within 18 months. containers held by customers at january 1, 2018, represented deposits of $587,000. in 2018, $811,000 was refunded and deposits forfeited were $41,000. required: 1. prepare the appropriate journal entries for the deposits received and returned during 2018. 2. determine the liability for refundable deposits to be reported on the december 31, 2018, balance sheet.

What two things do you consider when evaluating the time value of money

What type of budget is stated? a budget is a type of financial report that scrutinizes the inflow and outflow of money in a given financial year.