Business, 14.02.2020 19:10 sierracupcake0220
The income statement of Cullumber Company for the month of July shows a net income of $2,600 based on Service Revenue $6,000, Salaries and Wages Expense $2,000, Supplies Expense $1,000, and Utilities Expense $400. In reviewing the statement, you discover the following.
1. Insurance expired during July of $400 was omitted.
2. Supplies expense includes $350 of supplies that are still on hand on July 31.
3. Depreciation on equipment of $350 was omitted.
4. Accrued but unpaid salaries and wages on July 31 of $500 were not included.
5. Services performed but unrecorded totaled $700. Prepare a correct income statement for July 2017.
Answers: 3
Another question on Business
Business, 21.06.2019 23:30
You are frustrated to find that the only way to contact the customer service department is to make a phone call. the number listed would result in long distance charges to your phone bill. which issue should be addressed by the company to keep its crm in line with your expectations?
Answers: 2
Business, 22.06.2019 11:30
Leon and sara are arguing over when the best time is to degrease soup. leon says that it's easiest to degrease soup when it's boiling. sara says it's easiest to degrease soup when it's cold. who is correct? a. neither leon nor sara is correct. b. leon is correct. c. both leon and sara are correct. d. sara is correct. student b incorrect which following answer correct?
Answers: 1
Business, 22.06.2019 16:40
Differentiate between the trait, behavioral, and results-based performance appraisal systems, providing an example where each would be most applicable.
Answers: 1
Business, 22.06.2019 19:20
Why is following an unrelated diversification strategy especially advantageous in an emerging economy? a. it allows the conglomerate to overcome institutional weaknesses in emerging economies. b. it allows the conglomerate to form a monopoly in emerging economies. c. it allows the conglomerate to use well-defined legal systems in emerging economies. d. it allows the conglomerate to take advantage of strong capital markets in emerging economies.
Answers: 1
You know the right answer?
The income statement of Cullumber Company for the month of July shows a net income of $2,600 based o...
Questions
Mathematics, 21.07.2019 06:40
Social Studies, 21.07.2019 06:40
Mathematics, 21.07.2019 06:40
Biology, 21.07.2019 06:40
Mathematics, 21.07.2019 06:40
Mathematics, 21.07.2019 06:40
Chemistry, 21.07.2019 06:40
English, 21.07.2019 06:40
