Cheryl was balancing the Trial Balance of the company. She found that the debit balance totaled $73,000 and the credit balance was $70,000. Cheryl decided to open a suspense account. On which side of the suspense account will Cheryl record the difference of $3,000?
credit side
debit side
both sides
the difference is not recorded in the suspense account
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Cheryl was balancing the Trial Balance of the company. She found that the debit balance totaled $73,000 and the credit balance was $70,000. ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Cory's coffee cafe priced its caffeine delights at $1.00 , they sold 150 per day. when the price was $2.00 , they sold 100 per day.
Answers (1)
What traditional recruitment method communicates the firm's employment needs to the public through media such as newspapers and industry publications? advertising job fairs internships recruiters
Answers (1)
You must make a payment of $1,432.02 in 10 years. To get the money for this payment, you will make five equal deposits, beginning today and for the following 4 quarters, in a bank that pays a nominal interest rate of 12% with quarterly compounding.
Answers (1)
Varughese Inc. is working on its cash budget for March. The budgeted beginning cash balance is $33,000. Budgeted cash receipts total $182,000 and budgeted cash disbursements total $191,000. The desired ending cash balance is $40,000.
Answers (1)
Although appealing to more refined tastes, art as a collectible has not always performed so profitably. Assume that in 2015, an auction house sold a statute at auction for a price of $10,332,500.
Answers (1)
New Questions in Business
Do the US do enough to protect U. S. corporations from the regulatory processes taken against US companies in other countries?
Answers (1)
When there are more qualified applicants than job openings, this indicates that the?
Answers (1)
On July 1, Aloha Co. exercises a call option that requires Aloha to pay $408,000 for its outstanding bonds that have a carrying value of $411,200 and par value of $400,000.
Answers (1)
Kingbird, Inc. uses the percentage-of-receivables method for recording bad debt expense. The Accounts Receivable balance is $390000 and credit sales are $1560000. Management estimates that 5% of accounts receivable will be uncollectible.
Answers (1)
In addition to the positive welfare effects that free trade has on an economy, there are a variety of other benefits of international trade.
Answers (1)