During the month of march 2017, weimar world, a tax-preparation service, had the following transactions.

billed $496,000 in revenues on credit

received $164,000 from customers’ accounts receivable

incurred expenses of $194,000 but only paid $87,700 cash for these expenses

prepaid $32,220 for computer services to be used next month what was the company’s accrual basis net income for the month?

what was the company’s accrual basis net income for the month?

Last week, linda's commission check was $84. if she earns a 12.5% commission on sales, what were her total sales?

Tiana daniels enterprise’s trial balance as at december 31, 2016 did not balance. on february 15, 2017 the following errors were detected: errorsi. water rates had been undercast by $2, 000.  ii. a cheque paid to yvonne walch of $2, 680 had been posted to the credit side of her account.  iii. discount received total of $1, 260 had been posted to the debit side of the discount allowed account as $1, 620.  iv. rent paid in the amount of $24, 000 had been posted to the credit of the rent received account.  v. wayne returned goods valuing $1, 680 to daniels enterprise but had been completely omitted from the books.    required: 1. prepare the journal entries to correct the errors.  (narrations required)                    14.5 marks  2.    prepare the suspense account showing clearly the original trial balance error.          8 marks

Demand increases by less than supply increases. as a result, (a) equilibrium price will decline and equilibrium quantity will rise. (b) both equilibrium price and quantity will decline. (c) both equilibrium price and quantity will rise