Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the following are the current month's balances for

The following are the current month's balances for Toy Galore, before preparing the trial balance....

70.2K

Verified Solution

Question

Accounting

The following are the current month's balances for Toy Galore, before preparing the trial balance.

Accounts payable 10000

revenue 6000

cash 2000

expenses 18500

furniture 11000

accounts receivable 12000

Jones, capital ?

loan payable 5500

what amount should be shown for Jones, capital on the trial balance?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Tall Trees, Inc. is using the modified internal rate of return (MIRR) when evaluating projects. The...

Finance
Q

The time needed to complete a final examination in a particular college course is normally distributed...

Basic Math
Q

Explain the mechanism involved in the use of the dialysis machine with references

Medical Sciences
Q

If the newly-founded, island population of moths in your GENETIC DRIFT Lab simulation contains 30...

Biology
Q

Gluten is formed from the combination of gliadin and glutenin.TrueFalse

Biology
Q

When three capacitors of equal capacities are connected in parallel and one of the same...

Physics
Q

Four charges are placed on corners of a square as shown in figure having side...

Physics
Q

Shown on the right is the graph of 7y = 5x + 7.Determine its symmetries...

Geometry
Q

A 55 pound box sits on a ramp with 24 incline So the box experiences...

Geometry
Q

Use the drawing took s to form the correct answer on the provided graph Dilate...

Basic Math
Q

Please answer all the questions. E7-8 (Algo) Computing Depreciation...

Accounting
Q

Review Of The Literature Before Formulating Research Questions Allows The Researcher To Provide An Up-To-Date...

Accounting