a. How do you determine the balance of an account? b. The following information is for the Cash in Bank account on a single day. What is the balance of Cash in Bank at the end of the day? Beginning balance: $3,000 debit Transactions:$450 credit, $1,275 credit.$1,800 debit

Pixel Copies recorded a cash collection on account by debiting Cash and crediting Accounts payable. What will the trial balance show for this error? a. Too much for cash b. Too much for liabilities c. Too much for expenses d. The trial balance will not balance

Use the given process data to construct a control chart for p. Use the three out-of-control criteria listed in the mentioned section and determine whether the process is within statistical control. If it is not, identify which of the three out-of-control criteria apply.

In each of 15 recent and consecutive years, 1000 high school completers were randomly selected and the number who enrolled in college was determined, with the results listed below. Does the p-chart indicate that such college enrollments are high enough?

$$\begin{array}{lllllllllllllll}601 & 625 & 619 & 626 & 619 & 619 & 650 & 670 & 656 & 629 & 633 & 618 & 652 & 639 & 667\end{array}$$

Find the monthly payment and estimate the remaining balance (to the nearest dollar). Assume interest is on the unpaid balance. The interest rates are from national averages from www.bankrate.com in April 2013.

Thirty-year mortgage for $210,000 at 3.54%; remaining balance after 12 years

If your checking account's balance is $3,678.89 and you withdraw$1,514, what is the remaining balance? A. $2,164.89 B.$5,192.89 C. $2,614.89 D.$3,678.89

If Lana Fodor paid $825.80 on a$3,169.78 credit card balance, what is the new balance? A. $2,343.98 B.$3,995.58 C. $3,087.02 D.$2,546.98

Explain normal balances. Give three examples of accounts that will normally have a debit balance and three accounts that will normally have a credit balance.

Below are the account balances of Bruins Company at the end of November.

$$\begin{matrix} \text{Accounts} & \text{Balances}\\ \text{Cash} & \text{$\$ 40,000$}\\ \text{Accounts Receivable} & \text{$50,000$}\\ \text{Supplies} & \text{$1,100$}\\ \text{Prepaid Rent} & \text{$3,000$}\\ \text{Equipment} & \text{?}\\ \text{Accounts Payable} & \text{$17,000$}\\ \text{Salaries Payable} & \text{$5,000$}\\ \text{Interest Payable} & \text{$3,000$}\\ \text{Deferred Revenue} & \text{$9,000$}\\ \text{Notes Payable} & \text{$30,000$}\\ \end{matrix}$$

$$\begin{matrix} \text{Accounts} & \text{Balances}\\ \text{Common Stock} & \text{$\$ 50,000$}\\ \text{Retained Earnings} & \text{$35,000$}\\ \text{Dividends} & \text{$1,100$}\\ \text{Service Revenue} & \text{$65,000$}\\ \text{Salaries Expense} & \text{$30,000$}\\ \text{Rent Expense} & \text{$12,000$}\\ \text{Interest Expense} & \text{$3,000$}\\ \text{Supplies Expense} & \text{$7,000$}\\ \text{Utilities Expense} & \text{$6,000$}\\ \end{matrix}$$

Prepare a trial balance by placing amounts in the appropriate debit or credit column and determining the balance of the Equipment account.

As of January 1, Retained Earnings had a credit balance of $314,000. During the year, dividends totaled$10,000, and the business incurred a net loss of $320,000.

b. Assuming that there have been no recording errors, will the balance sheet prepared at December 31 balance? Explain

As of January 1, Brenda Cikan, Capital, had a credit balance of $125,000. During the year, withdrawals totaled$7,000, and the business incurred a net loss of $130,000.

b. Assuming that there have been no recording errors, will the balance sheet prepared at December 31 balance? Explain.

As of December 31, 2018, Cady Construction has one construction job for which the construction in progress (CIP) account has a balance of $\$ 20,000$ and the billings on construction contract account has a balance of $\$ 14,000$. Cady has another construction job for which the construction in progress account has a balance of $\$ 3,000$ and the billings on construction contract account has a balance of $\$ 5,000$. Indicate the amount of contract asset and/or contract liability that Cady would show in its December 31, 2018, balance sheet.

Consider the following transactions. 1. Receive cash from customers, $15,000. 2. Pay cash for employee salaries,$9,000. 3. Pay cash for rent, $3,000. 4. Receive cash from sale of equipment,$8,000. 5. Pay cash for utilities, $1,000. 6. Receive cash from a bank loan,$4,000. 7. Pay cash for advertising, $7,000. 8. Purchase supplies on account,$3,000. Required: Post transactions to the Cash T-account and calculate the ending balance. The beginning balance in the Cash T-accow1t is $5,000.

Find the balance in the account.

You deposit $520 in an account with 4% interest compounded monthly. What is the balance in the account after 5 years?

Use the cash receipts journal and the accounts receivable and general ledger forms from the previous exercise. A blank form for a schedule of accounts receivable is given in the Working Papers.

4. Rule the cash receipts journal.