Project Data

Mowgli Corporation adjusted trial balance for fiscal year ending December 31, 2019.

Dr.

Cr.

Cash

$21,000

Accounts Receivable

$102,000

Inventory (beginning)

$20,000

Estimated Returns Inventory

$5,000

Land

$9,000

Office equipment

$22,000

Accumulated Depreciation-equip.

$20,000

Building

$233,000

Accumulated Depreciation-Bldg.

$94,000

Patent

$16,000

Accounts Payable

$73,000

Customer Refunds Payable

$2,000

Interest Payable

$14,000

Unearned Revenue

$22,000

Notes Payable

$100,000

Capital

$80,000

Drawings

$29,000

Sales

$206,600

Purchases

$106,000

Purchases Returns and Allowances

$1,000

Purchase Discounts

$500

Freight-in

$300

Insurance Expense

$6,000

Interest Expense

$8,000

Repair Expense

$5,000

Salaries Expense

$17,600

Advertising Expense

$1,200

Depreciation Expense

$11,000

Utilities Expense

$1,000

$613,100

$613,100

Other Information:

Inventory on hand at December 31, 2019 is $55,000 (Hint: this is ending inventory).
Estimated Returns Inventory increased $2,000 (Hint: Include in COGS and Closing Entry).
Administrative expenses include: Insurance, Repair, Utilities, and Depreciation.
Selling expenses include: Advertising and Salaries.
$50,000 of the Notes Payable is payable next year (Hint: classified as current).

Answers

Answer 1

Answer:

21,000

Explanation:


Related Questions

Which of the following is NOT classified as a day-to-day or personal expense students may have?
O Car loan payments
O Laundry
O Cell phone bills
O Tuition

Answers

Answer:

Laundry

Explanation:Casually, it's not everyday that a student will have the need to pay to/use laundry machines/ products.

Answer:

laundry

Explanation:

you won't need to go and wash laundry every day, can even use a personal washing machine to do laundry

QUESTION 4 of 10: When estimating income, it is better to be:
a) A little low
b) A little high
c) Either, it doesn't matter

Answers

Answer:

A, it should be a little low

Hope this help please give the brainliest award.

B) a lil high because you need to be able to have extra money just in case some was to happen.

age-specific approximations of when a certain skill or ability should first occur in normal development are called developmental ________.

Answers

Age-specific approximations of when a certain skill or ability should first occur in normal development are called developmental "Milestone."

In this context, a Milestone is generally defined as a significant period in an individuals' life when progress or substantial advancement is made.

A Milestone could be considered to be any of the following:

Earning a college degree;Leaving parents to stay alone;Getting a job after University;Getting Married;Having a baby after marriage;Rising to the position of a CEO in a company;Retirement from work after an illustrious career, etc.

Hence, in this case, it is concluded that a Milestone is an achievement or point every man should look forward to.

Learn more here: https://brainly.com/question/13263711

Answer: milestones

Explanation:

Stanley is 21 years of age, single, living at home with Mom, Dad, and his younger sister, but he is not claimed by his parents. Stanley worked at Hot Dog Heaven and earned $9,325 in 2018 and filed a federal1040 tax return. He plans to attend college full-time. What documents does he need to complete his FAFSA application?

Answers

The document that he needs to complete his FAFSA application is D. None of the above.

FASFA Application is an acronym for The Free Application for Federal Student Aid. This is an application that is done that allows students to be considered for Federal student aid.

The documents that a student needs to complete his FAFSA application include one's security number, the Federal Income tax returns, and every other record of the money that the person has earned.

From the complete question, none of the above options are given, therefore, the correct option is None of the above.

Read related link on:

https://brainly.com/question/24962716

somebody help me pls

Answers

Answer:

with what do you need help with

Answer:

with what

Explanation:

what

Under the gross method, when the customer pays within the discount period, which of the following accounts is not recorded in the journal entry to record the cash receipt?

Answers

The "cost of good sold" is not recorded in the journal entry to record the cash receipt.

In accounting, the Gross method refers to the method of recording a purchases at the invoice price without any deduction of cash discounts.

Under the journal entry, the purchase are recorded at the invoice amount alone without making account for any discount deduction.

Now, when a customer pays for purchase within the discount period, the accounts that are not recorded in the journal entry is "Cost of goods sold" because it is used only at the time of sales.

The account which are recorded in the journal entry includes Sales, Accounts Receivable and Cash.

Therefore, the account which is not recorded is the "Cost of goods sold".

Learn more about this here

brainly.com/question/14080437

Suppose the central bank in the nation of Zook attempts to pay off its national debt by printing large amounts of currency. The large increase in the money supply causes the price level to rise by 1,200 percent. What do you expect will happen to the value of Zook's currency?




Instructions: Round your answer to 2 decimal places.




The value of Zook's currency will

(Click to select)

by

percent.

Answers

Answer:

it would become worthless

Explanation:

if they keep printing loads of money then the individual Zook dollar would decrease in worth

a logical starting point from which the study of international trade begins is

Answers

The principle of comparative advantage

A DJ wants to analyze market reactions to the new music selections played at his dance last weekend. He advertises his weekly dances using social media and email.
Which would be the most effective way to gather reactions from those who attended the dance?

Focus Groups


Surveys


Personal Interviews


Observation

Answers

Answer: Surveys

Explanation:

The most effective way to gather reactions from those who attended the dance is Surveys. Option B is correct.

What are Surveys?

In order to gather information about a service, product, or process, a surveys are described as the act of looking at a process or questioning a predetermined sample of people. Surveys used to gather data ask a specific set of people about their beliefs, actions, or knowledge.

Surveys are used to collect data or learn more in areas like demography and social research. Survey research is frequently used to evaluate ideas, beliefs, and emotions. Surveys might have narrow, focused objectives or they can have broad, more general objectives.

Thus to analyze market reactions to the new music selections played at DJ dance last weekend surveys are most optimal option here.

Learn more about Surveys refer:

https://brainly.com/question/29365625

#SPJ2

if a manufacturer ships merchandise to a retailer on consignment, the unsold merchandise should be included in the inventory of the

Answers

Answer: manufacturer
I hope this helps

If a manufacturer ships merchandise to a retailer on consignment, the unsold merchandise should be included in the inventory of the manufacturer.

What is the manufacturer?

A manufacturer is a person or business that turns raw materials into finished products using a variety of tools, machinery, and procedures, and then sells those products to consumers, wholesalers, distributors, retailers, or other manufacturers who can use them to make more complicated products.

The economy is enunciated be significantly influenced by manufacturers. Manufacturing has a long history dating back to antiquity. The usual manufacturer, however, was a single skilled artisan with helpers for many centuries. Each craftsperson guarded the methods of production and only taught apprentices. Only manual processes might be used for production.

To learn more about the manufacturer follow the link.

https://brainly.com/question/20306651

#SPJ5

As more and more Baby Boomers retire, companies are realizing that they are losing many of their most knowledgeable employees. Which force is impacting them in this situation?
Multiple Choice
A-global
B-human resource
C- poll-regulatory
D- competitive
social

Answers

I think it’s B not 100% for sure

The Force is impacting them in this situation is a social force. Thus the correct answer is E.

What is baby boomers?

A person born between the conclusion of World War II and the middle of the 1960s is referred to as a "baby boomer" because of its importance in the population. Confidence, teamwork, self-happiness, health and wellbeing, employment, and participation are among the basic values of Baby Boomers.

In order to successfully meet the demands of many cultures, marketers closely watch social trends. As social factors alter over time with demographic shifts, we take into account attitudes toward employment and lifestyles.

So when more baby boomers got to retire, companies realize that they are losing many of knowledgeable people who play a crucial role and appeared as a social force in this situation.

Therefore, option E social is appropriate.

Learn more about Baby Boomers, here:

https://brainly.com/question/16302491

#SPJ2

does anyone how how i can get a hold of my own FAFSA records if im under 18?

Answers

Answer:

Log onto the FASFA app, and if you know the info of the person you're looking for or just call Department of Education 1800 621 3115

what two methods of depositing and withdrawing money are most convenient for you? why?

Answers

Two methods: make deposits and withdrawals from a checking account: by going to a bank branch and working with a bank teller, or by using the nearest ATM you can find.


Hope this helps!! :)

There are two ways to deposit money into and withdraw money from a checking account: either visit a bank branch and deal with a bank teller there, or use the closest ATM you can find.

What is ATM ?

One of the easiest and fastest ways to deposit money into your account is by using a credit card or debit card. These bank cards are widely used, therefore you are no longer need to open a separate account. Additionally, money is transferred to your account balance right away.

Customers of financial institutions can conduct financial activities, such as cash withdrawals, deposits, funds transfers, balance inquiries, or account information enquiries, at any time and anywhere using an automated teller machine (ATM), sometimes known as a cash machine in British English without having to speak to a bank employee directly.

Customers can use an ATM to access their bank deposit or credit accounts and perform a number of financial operations, including checking their balances, withdrawing cash, and transferring credit to and from mobile devices.

Learn more about ATM here

https://brainly.com/question/24198010

# SPJ 5

if davidson has 7,000 units on hand at december 31, the cost of ending inventory under the average-cost method is

Answers

The cost of ending inventory under the average-cost method is $75,250.

The average cost method is a method used to determine the cost of inventory in which the cost of goods sold is determined by determining the weighted average of the cost of inventory.

Average cost method = total cost of inventory bought / total units bought

(5,000 x $8) + (15,000 x 10) + (20,000 x 12) = $430,000

Total units bought = 5000 + 15,000 + 20,000 = 40,000

Price of inventory = $430,000 / 40,000 = $10.75

Cost of ending inventory = $10.75 x 7000 = $75,250.

Please find attached an image that contains more information. To learn more, please check: https://brainly.com/question/14272486?referrer=searchResults

if the senate wants to expel a member, how many senators have to agree?

Answers

Answer:

25

Explanation:

what is strategy?
A) An action to be taken that will likely result in accomplishing goals and objectives
B) A statement that defines what an individual or group wants to accomplish or become
C) A training or certification that helps a person expand skill set
D) A specific step to be accomplished in the short term that eventually leads to reaching goals

Answers

The answer would be D

Interviewers asked Jeff to discuss a time when he demonstrated adaptability at his job. What is the MOST appropriate response for Jeff to give?

A.
Because I am introverted, I was able to work by myself for most of the day.

B.
When our old software no longer worked, I came up with a new system that could help us meet our goals.

C.
I consistently communicated well by writing very detailed emails to my colleagues.

D.
My emotional intelligence is so high that I can usually tell what everyone in a room is feeling.

Answers

Answer:

B. When our old software no longer worked, I came u with a new system that could help us meet our goal.

Explanation:

When the old software didn't work, Jeff adapted to the situation and created new software for the company so that the company could continue on with its work and achieve their goal.

B is the answer to this question it fits the best out of all the options

Prompt
What is debt?

Answers

Answer:

debt is when you spent more money than you had

Is when u owe on something cause u did not have enough money to cover the original cost

What is one request a borrower can make of a lender if they know they will never be able to pay their full debt?

A. The borrower can ask for fees and penalties to be eliminated.

B. The borrower can ask for a reduction of the interest rate.

C. The borrower can ask to be absolved of some of the debt.

D. The borrower can ask for the monthly payment to be reduced.​

Answers

The one request a borrower can make of a lender if they know they will never be able to pay their full debt is the borrower can ask for fees and penalties to be eliminated.

What happens if the borrower fails to repay the loan?

A loan is known to be a kind of money that is borrowed for a length of time and it is known to be a non-performing asset (NPA).

When the repayment is  overdue, the lender can seize the asset of the borrower and when a  borrower can make of a lender if they know they will never be able to pay their full debt is the borrower can ask for fees and penalties to be eliminated.

Learn more about a borrower  from

https://brainly.com/question/25599836

Answer:

C. The borrower can ask to be absolved of some of the debt

Explanation:

a company recorded an event that had no affect on total assets, net income, or cash flow. this could have been caused by ______.

Answers

If a company recorded an event that had so effect on assets, income or cash flow, his action could have been caused by writing off an uncollectible account.

A write-off can be described as the removal of an accounts receivable that cannot be collected which was put in the general ledger.

If an account is uncollectible, then it means that the amount that would not be collected would be eliminated. It also means that a previous allowance balance is going to get reduced.

Read more on https://brainly.com/question/23306803?referrer=searchResults

this is the premium that reflects the risk associated with changes in interest rates for a long-term security.

Answers

Answer:

1. Real risk-free rate.

2. Nominal risk free-rate.

3. Inflation premium.

4. Liquidity risk premium.

5. Liquidity risk premium.

6. Maturity risk premium.

Explanation:

do you want high or low interest rate on loan/credit explain

Answers

Answer:

Low interest rate is better because you will payback less

Explanation:

what is the name of the file management application?

Answers

Answer:

Traditional file management applications such as File Explorer — the de facto file manager in Windows — are powerful enough only as far as personal use is concerned. Put simply, they are basic tools designed to help users manage files and folders on local computers.

ballot measures sponsored by businesses or business groups are much more likely to pass than those initiatives sponsored by citizen groups.

Answers

Ballot measures that are sponsored by businesses or business groups are indeed more likely to pass than those brought by citizen groups. This is therefore a true statement.

Ballot measures by business and business groups have a higher chance of becoming law because:

Businesses will fund the measure better which ensures greater reach Businesses have greater influence than individual citizens

As a result of businesses being able to fund their measures more. They will advertise it across the area which will increase its chances of being voted for. Businesses can also mobilize more people to vote for the measure than individual citizens.

In conclusion, ballot measures by businesses have a better chance of passing.

Find out more at https://brainly.com/question/1525487.

Nordstrom recently launched a new website, www.NordstromSilverScreen, which features fashion information and music videos. It also includes interactive features that allow you to dress a mannequin and play around in an interactive mixing room, where you can create your own music remix while mixing and matching outfits. Nordstrom Silverscreen is an example of :__________

Answers

Answer:  Experience Gives Nordstrom Customers Interactive Video, Fashion, Music and remix of the song by mixing and matching clothes on a mannequin.

Explanation:

________ is a technique used to predict future outcomes based on historical data and analytics techniques.

Answers

Answer:

predictive analytic

Explanation:

predictive analytic is the use of data and machine learning techniques to identify future outcomes based on historical data.

Which type of shopping malls typically employs a unifying theme (Victorian, Early American Colonial, Alpine, National Park, etc.) that is carried out by the individual shops in their architectural design and, to an extent, in their merchandise? Example: Ghirardelli Square in San Francisco

Answers

Answer:

Please elaborate more your question so i can give you a more accurate answer

Explanation:

what is the difference between ordered list and unordered list?

Answers

Plz try explaining the question in its full extent so I can try to help. Like what do you mean (“Ordered and Unordered list”)

PLEASE HELP ME I NEED HELP!!!!!!
Which of these factors would NOT cause the demand curve for a particular good to shift?

Group of answer choices

a change in the costs of a necessary factor of production

a change in the number of consumers in the market

a change in the level of consumer income

a change in consumer preference

Answers

Answer:

a change in the level of consumer income

Explanation:

i did the problem recently :)

what is the name of the document that tells you what you need to pay on your credit card?

Answers

Answer:

A billing statement, commonly referred to as a bill.

Other Questions
if I lend you my book I promise I will give you back when I'm done reading is it a simple or complex or compound Please help me 10pts + Brainliest Which property accounts for the fact that atoms can be identified by an examinationof the emission spectrum?A. Each kind of atom has a different mass number.B.Each kind of atom has a different atomic number.C.Each kind of atom has a different isotopes.D. Each kind of atom has a characteristic difference in energy levels for electrons. .Mother bought 4 1/3 kilograms of bananas and 4 4/5 kilograms of oranges for her children. How many kilograms of fruits did she buy in all? are special characters usually found on the keyboard? What is the meaning of Rusting Of IronPlz help me what service does the service center at progressive provide? 1. Round 7.058 to the nearest whole number.2. Round 35. 61 to the nearest tenth.3. Round 724.398 to the nearest hundredth.4. Round $1.362 to the nearest cent.Someone do these for me please. What is a characteristic of biographies? If L is parallel to M find value of each missing variable. Helppppppppppppppppp plz plz The following are data on number of policemen and number of crimes. Find out if there is a correlation between these two variables. NumPolice NumCrimes 15 17 17 19 25 16 27 20 17 12 12 15 12 11 22 27 Using the test of correlation, What is the correct interpretation of the correlation coefficient in this example? a. The interpretation would be there is a moderate positive correlation between number of policemen on duty and number of crimes b. The interpretation would be there is a strong negative correlation between number of policemen on duty and number of crimes c. The interpretation would be that TNOETS that there is a correlation between number of policemen on duty and number of crimes. d. The interpretation would be that there is a strong positive correlation between number of policemen on duty and number of crimes Why did Patrick Henry say he smelt a rat and refused to attend the Philadelphia Convention? 9 (4t -5t +3) -6t simplest form Read the passage.EarthshipsWhat is an earthship?An earthship is a home designed to make use of recycled materials and increase energy conservation. Ideally, by living in an earthship, a person can have a home that is off the grid. People who live in earthships do not depend on outside sources for electricity, food, or water. Building an earthship may be an attractive choice for those who want to use fewer of our planets non-renewable resources.The FoundationFirst, the foundation is built by firmly packing dirt inside recycled tires. Then, the tires are placed in a pyramid-like stack going as high as needed. Next, cement is spread and smoothed between the tires to create a solid wall. When this is finished, the walls are sealed with a protective coating and painted. Some interior walls are built using recycled cans and cement, also sealed with a protective coating.Solar EnergySolar panels give enough stored energy in batteries to provide electricity for appliances, lighting, and electronics. However, solar-powered batteries hold about one-third the charge of energy used in a regular household wired for electricity. This means that people either buy more batteries or intend to use less electricity than a conventional household. Ideally, earthships are built in places where there is an abundance of sunshine year-round.Floor-to-ceiling windows on an earthships south wall also allow plenty of sunlight. It is important that no trees block the light on this side of the house. The sunlight shines directly onto a brick floor, which then absorbs the heat. This provides enough warmth to maintain a comfortable temperature in the house for the rest of the day. This method of heating the home is called passive solar. Most earthships also have either a wood stove or a heater that uses propane, a type of natural gas. These heat sources are useful on cloudy days. During the summer, the combination of the cool temperature of the earth beneath the floor plus the thick walls can keep the house comfortable without the use of air-conditioning.Recycled WaterGutters on the roof collect rainwater that then trickles down into large storage barrels. The water is used for taking showers, doing dishes, and flushing the toilet. It is also filtered for drinking. People sometimes build a greenhouse to grow their own food. Water that has been used for dishwashing or showers can be saved if the soaps are chemical-free. This recycled gray water can be used yet again to water the plants in the greenhouse.Potential ProblemsEarthships have been around since the 1970s. Now, long-term studies have revealed some problems. For one, without sufficient sunlight during the winter, large amounts of natural gas known as propane and/or wood are used to heat the home. Propane use can be costly, and unless one has planned far ahead, a wood supply can be quickly depleted.Another problem is that tires used in the foundation walls can, after a long period of time, begin to crack, releasing a toxic gas that has built up over time in the walls. The use of cement, which is a porous material with many small holes and spaces, allows the gases to leak into the air. The type of gas emitted is not detectable by smell but can make people sick. To address this problem, the walls of the home needs to be resealed every year.Cost can also be a significant challenge. Some earthship building companies claim that it is far cheaper to build an earthship because only recycled materials are used. Also, a contractors license or training is not needed to build one. This, though, is true if it is built 100% by the owner, which could take years to complete. Additionally, the cement, plumbing, and electrical components, as well as the cost of installing solar panels, can be expensive. Just as with the construction of a conventional home, proper permits are often needed to build an earthship.There are clear advantages and disadvantages to these unique homes. As technology improves and new solutions are discovered, earthships may continue to be a wise way to live sustainably using minimal resources.In the article, "Earthships," what does passive solar mean?a clean-burning natural gasa type of pollution resulting from cracking tiresthe use of the sun's energy for either heating or coolinga type of fossil fuel used for electricityplease help Which part of the eye refracts light and focuses it on a single spot?cornearetinairispupil what is a major land feature formed through weathering and erosion by the colorado river Help please? Im not too sure what to do?A student has scores of 66.75, 66, and 72.25 on his first three tests. He needs an average of at least 70 to earn a grade of C. What is the minimum score that the student needs on the fourth test to ensure a C? If one of the 9 playerson a team catches aball, what is theprobability that it wasone of the 4 infielderswho caught it? Trinity has 48.75 in of ribbon she cut the ribbon to 15 equal size pieces what is the length of each piece of ribbon