jewelia2801
07.03.2020 •
Business
Knoll Company started Year 2 with a $500 balance in its Cash account, a $500 balance in its Supplies account and a $1,000 balance in its common stock account. During Year 2 the company experienced the following events.
Solved
Show answers
More tips
- H Health and Medicine What are Electronic Cigarettes? The Ultimate Guide...
- C Computers and Internet How to Get Rid of 3pic Infector: Everything You Need to Know...
- A Auto and Moto Experience the World of the Most Expensive Cars on the Planet...
- S Style and Beauty How to Get Rid of a Double Chin?...
- F Food and Cooking How to Cook Julienne? Recipes and Tips...
- D Dating, Love, Relationships 10 Useful Tips on How to Survive a Breakup?...
- F Food and Cooking Apple Cider Vinegar: The Ultimate Health and Beauty Solution...
- C Computers and Internet Е-head: How it Simplifies Life for Users?...
- F Family and Home How to Choose the Best Diapers for Your Baby?...
- F Family and Home Parquet or laminate, which is better?...
Answers on questions: Business
- M Mathematics A model airplane is constructed using a scale factor of 1 cm: 75 cm. If the actual airplane has a wingspan of 12 meters, how many centimeters long is the wingspan of...
- H Health 2. What does a Daily Value of 10 percent mean? (1 point) O A food consists of 10 percent of a particular nutrient. Ten percent of your calories should come from a particular...
- M Mathematics Can someone please HELP I have to figure out the 3 sides I’ll give 15 points...
- E English Which of the seven basic archetypal plots fits with the novel Hatchet in this passage the most? 1. Overcoming the Monster. 2. Rags to Riches. 3. The Quest. 4. Voyage...
- M Mathematics Write an algebraic expression with 3 terms, at least one coefficent of 5 and 2 different variables....
Ответ:
Please refer to the explanation section
Explanation:
The questions is incomplete, the events that were experienced by the company during the two year are missing in the question. we will assume these events took place in order to illustrate through journal entries how transactions and events affect the account balances mentioned in the question.
1. Knoll Company issued 100 shares at a price of $5 per share.
2. Knoll Company purchased supplies costing $250 cash
3 Knoll Company Purchased inventory costing $ 600 cash
journal entries
Dr Bank 500
Cr Shareholders equity 500
Dr Supplies 250
Cr Bank 250
Dr Inventory 300
Cr Bank 300
Balances at the end of year 2
Cash Account = 500 + 500 - 250 - 300 = $450
Supplies = 500 + 250 = $750
Equity = 1000 + 500 = $1500
Ответ:
Universal Banking, means the financial entities – the commercial banks, Financial Institutions, NBFCs, - undertake multiple financial activities under one roof, thereby creating a financial supermarket. The entities focus on leveraging their large branch network and offer wide range of services under single brand name.
Explanation:
Objective:
The universal bank aims to invest in private entities, participate in the investment market, ensuring the financial interests of organizations maintaining a effective communication, providing various financial services , developing the private sector and reduce service costs through scale economy.
MARK ME BRAINLIEST THANKS MY ANSWER PLEASE