The following amounts were reported on the December 31, 2019, balance sheet: $ 8,000 20,000 15,000 Cash Land Accounts payable Bonds payable Merchandise inventory Retained earnings Buildings and equipment, net of accumulated depreciation Accounts receivable. 120, 000 30,000 80,000 180,000 22,000 40,000 Common stock Wages payable 5,000

Q: Use EMBG's adjusted trial balance to prepare EMBG's balance sheet for the current year-end. EMBG…

A: Definition: Balance sheet: To Know the financial position of the business balance sheet is prepared.…

Q: Can you explain the problem step by step. I'm having a hard time.

A: The cost function  Y = a+bX a = fixed cost b = variable cost Y = total cost X = the quantum of…

Q: Hi - could you please send the CAPM model and explain what it is and when to use it please?  Thank…

A: Capital Asset Pricing Model (CAPM):It defines the relationship of an asset’s expected return with…

Q: Required: a. Prepare a statement of LLC liquidation. b. Provide the journal entry for the final cash…

A: Given Information: Lester Capital = $48,630 Torres Capital = $65,630 Hearst Capital = $26,190…

Q: How do I solve these?

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Hello, I would need guidance with A-F, if possible.

A: Manufacturing overhead: It is the indirect cost incurred as a part of manufacturing the products.…

Q: Kate is very pleased with the results of the first year of operations for Kate's Cards. She ended…

A: Financial Statement:   A financial statement is the complete record of financial transactions that…

Q: How to solve this problem? How does the answer look all solved? I am struggling to answering this…

A: Multi-step income statement: It is the presentation of a normal income statement in a more detailed…

Q: John wishes to borrow 20,000. Lender X and Y offer the following terms: (1) Lender X will be repaid…

A: Present value:Present value is popularly known in short as PV. It is a concept of accounting that…

Q: question 33

A: Traditional IRA is one of the plans which are used by the taxpayers so that the tax amount which is…

Q: Hi, can you help me with this, is hard to understand. Thank you.

A: 1. Allowance for doubtful debt - Allowance for doubtful debt is the account that a company creates…

Q: Uncollectible Accounts-Percentage of Sales and Percentage of Recelvab At the end of the current…

A: We shall answer the first question since the exact one was not specified. Please resubmit a new…

Q: kindly, explain more

A: When deciding where to invest there many factors that need to be considered in order to take any…

Q: Big help please

A: Hello. Since your question has multiple sub-parts, we will solve first three sub-parts for you. If…

Q: How to create the t account

A: T account is a representation of the legder that records business transactions. It is in the form of…

Q: 1. Calculate the amounts to be reported on each employee's Wage and Tax Statement (Form W-2) for…

A:

Q: Please tell answer as soon as possible

A: The closing entries refer to the journal entries passed at the end of the reporting period to…

Q: Please help me with this I'm lost.

A: Comment- Multiple Questions Asked. Utilization Rate- It refers to the performance pointer which is…

Q: How did you get those numbers?

A: For question "A" Preferred stock are non cumulative.  Thus dividend  will be paid maximum to the…

Q: Hi. That's the full details of the questions needed to be answer. I can't solve it and I hope you'll…

A: Partnership: It is a form of business under it two or more persons made a formal agreement with the…

Q: a. Prepare a common-sized income statement comparing the results of operations for Sorenson…

A: Common size income statement is used for vertical analysis wherein each item in the income statement…

Q: What do you understand by crowdfunding?

A: Crowdfunding is a funding method that leverages online platforms to gather small amounts of money…

Q: I NEED HELP !

A: Revenue is the amount that a company earns from normal activities conducted by the business for…

Q: PLEASE HELP ASAP!

A: Journal Entry: Journal entry is the act of keeping records of transactions. Transactions are listed…

Consumer Credit Counseling Services

Credit counseling teaches consumers about credit, budgeting, money management, and debt management. The counselor ensures that consumers can pay off their debts without declaring bankruptcy. Counselors also assist the negotiator, who negotiates with creditors on behalf of their clients to reduce interest rates on outstanding debt. Counselors can offer credit counseling to customers before or after they take on debt. Consumer Credit Counseling Services (CCCS) is a non-profit organization that offers credit counseling services. Some organizations can also be for profit. This type of organization comprises a group of professionals who are skilled negotiators.