Determine the account balance on february 1

Assignment Help Financial Accounting
Reference no: EM131187327

During February, $186,500 was paid to creditors on account, and purchases on account were $201,400.

Assuming the February 28 balance of Accounts Payable was $59,900, determine the account balance on February 1.

Reference no: EM131187327

Questions Cloud

Explain how we determine the social discount rate : When conducting a cost-benefit analysis, explain how we determine the social discount rate. Specify three of the most important factors to consider in order to achieve an accurate cost-benefit analysis.
How many ?worker to meet the increased demand : Charles Lackey operates a bakery in Idaho? Falls, Idaho. Because of its excellent product and excellent? location, demand has increased by 35?% in the last year. On far too many? occasions, customers have not been able to purchase the bread of their ..
Which of the types of storage architectures discussed : What would be the problem with using one of the other architectures in the data center environment?
Assignment - organizational culture analysis : Assignment - Organizational Culture Analysis. Submit a two-three page APA formatted paper, using a minimum of three references, describing the culture
Determine the account balance on february 1 : During February, $186,500 was paid to creditors on account, and purchases on account were $201,400.-determine the account balance on February 1.
Identify the relative merits and issues : Explain the concept of the Temporary Assistance to Needy Families (TANF) program, identify its effectiveness in implementing the Personal Responsibility and Work Opportunity Act of 1996. Identify the relative merits and issues with each type of ass..
Description of selected topic in the practice setting : Write a 950-word reflection to identify your selected issue or problem and provide rationale as to why this is an issue or a problem. The rationale must be supported by valid research findings. Description of selected topic in the practice setting.
Would the system ever acknowledge this data : Suppose during an asynchronous parallel SCSI data transfer someone removes a floppy disk from the drive that is the intended target of the transfer.
Respond to given statement with specific reference : The president of your firm Lesky and Lesky has little background in accounting. - Respond to this statement with specific reference to the accounting principles applicable in this situation.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd