Marigold Corp. showed the following balances at the end of its first year:
Cash $10920
Prepaid insurance 550
Accounts receivable 2730
Accounts payable 2180
Notes payable 3280
Common stock 4210
Dividends 550
Revenues 22620
Expenses 13650
What amount did Marigold Corp. show as total credits? (A) $31750 (B) $33380 (C) $32290 (D) $32840
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Marigold Corp. showed the following balances at the end of its first year: Cash $10920 Prepaid insurance 550 Accounts receivable 2730 ...” 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
The change in satisfaction derived when an individual consumes one more unit of a good or service is called marginal utility. total utility. fixed utility. average utility.
Answers (1)
Hemming saw an advertisement for a Cadillac convertible once owned by the famous early rock 'n' roll singer Elvis Presley. He contracted to buy it from Whitney for $350,000 and sent Whitney $10,000 as a deposit.
Answers (1)
According to liquidity preference theory, the opportunity cost of holding money is Group of answer choices the difference between the inflation rate and the interest rate on bonds. the inflation rate.
Answers (1)
If Delta Airlines decides to buy a regional carrier, this would be an example of
Answers (1)
During a company's first year, the asset account, Office Supplies, was debited for $2,300 for the purchases of supplies. At year-end, office supplies on hand were counted and determined to be $825.
Answers (1)
New Questions in Business
Choose the BEST paraphrase of this sentence: Tashkent, the capital of Uzbekistan, has been an important market and trading place for hundreds of years.
Answers (1)
Economic exposure, a category of foreign exchange risk, is distinct from transaction exposure, which is concerned with the effect of exchange rate changes on individual transactions, most of which are short-term affairs that will be executed within
Answers (1)
According to liquidity preference theory, if there were a surplus of money, then A. the interest rate would be above equilibrium and the quantity of money demanded would be too large for equilibrium. B.
Answers (1)
Moonbeam Company manufactures toasters. For the first 8 months of 2017, the company reported the following operating results while operating at 75% of plant capacity: Sales (349,400 units) $ 4,372,000 Cost of goods sold 2,595,000 Gross profit
Answers (1)
What equipment should you use to reheat food? A. A stove B. A heat lamp C. A steam table D. A chafing dish
Answers (1)