Ruth Company showed the following balances at the end of its first year.
Cash $7000
Prepaid Insurance $700
Accounts Receivable $3500
Accounts Payable $2800
Notes Payable $4200
Denton Capital $1400
Denton Drawing $700
Revenues $21000
Expenses $17500
What did Ruth Company show as total credits on its trial balance?
$30,800
$30,100
$28,700
$29,400
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Ruth Company showed the following balances at the end of its first year. Cash $7000 Prepaid Insurance $700 Accounts Receivable $3500 ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Hector had been asked to serve on the board of a major pharmaceutical firm. He reluctantly declined, citing the firm's lack of liability coverage for outside members of the board of directors. Hector's decision indicates that he:
Answers (1)
What does purchasing insurance for a business reveal about the business owner's attitude toward financial risk? A It shows that the owner expects financial risk and is eliminating it by making an insurance company liable.
Answers (1)
Tech giant, TimeHop was concerned about creating a workspace that was inviting and encouraged collaboration. Knowing that most of its employees would work odd hours, there was care taken to lighting choices and types of furniture.
Answers (1)
Which of the following customers generally switch companies easily
Answers (1)
1. Why is it important for a restaurant to identify a specific target market? 2. How has the Internet made restaurant marketing cheaper and more convenient? 3. Why are specials and promotions such effective marketing tools in today's economy? 4.
Answers (1)
New Questions in Business
The price of a good will tend to fall when a. there is excess demand for the good. b. there is excess supply of the good. c. demand for the good increases. d. the supply of the good decreases.
Answers (1)
What is the best evidence that many different geologic periods are represented in virginia?
Answers (1)
Other things held constant, an increase in financial leverage will increase a firm's market (or systematic) risk as measured by its beta coefficient. a. True b. False
Answers (1)
What is the practice of allowing a client to die without the use of any extraordinary measures sometimes called?
Answers (1)
Marielle Machinery Works forecasts the following cash flows on a project under consideration. It uses the internal rate of return rule to accept or reject projects. C0 C1 C2 C3 - $11,600 0 + $9,100 + $10,100 a.
Answers (1)