Adjustment for Merchandise Inventory Using T Accounts: Periodic Inventory System

Ibby Smith owns and operates Ibby’s Ice Cream Cones. Her beginning inventory as of January 1, 20--, was $45,000, and her ending inventory as of December 31, 20--, was $57,000. Set up T accounts for Merchandise Inventory and Income Summary and perform the year-end adjustment for Merchandise Inventory.

Use the labels shown.

(a) Remove the beginning balance in Merchandise Inventory.
(b) Add the new balance in Merchandise Inventory.

Answers

Answer 1

The Income Summary will be credited for $12,000 in the T account.

The journal entry to remove the beginning balance in Merchandise Inventory is as follows:
Merchandise Inventory Debit $45,000
Opening Inventory Credit $45,000
In the T account of Merchandise Inventory, the beginning balance of $45,000 will be subtracted from the total of the debit amounts in the account.

ii. Add the new balance to Merchandise Inventory

The journal entry to add the new balance to Merchandise Inventory is as follows:
Closing Inventory Debit $57,000
Merchandise Inventory Credit $57,000
In the T account of Merchandise Inventory, the ending balance of $57,000 will be added to the total of the credit amounts in the account.

The year-end adjustment entry for Merchandise Inventory is:

Merchandise Inventory Dr. $57,000 ($57,000 - $45,000)
Income Summary Cr. $57,000 ($57,000 - $45,000)
In the Merchandise Inventory T account, the ending balance is $12,000 (credit balance) since the credit amount of $57,000 exceeded the debit amount of $45,000 by $12,000.
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Related Questions

What is superposition principle explain with example?

Answers

The superposition is the imposing of one wave on the other and resulting in the change of the amplitude of the final wave.

When two or more waves travel through the same space in superposition, their combined amplitudes equal the amplitudes they would have produced individually. For instance, two waves moving in the same direction will pass through each other without causing any distortion on the other side.

The pattern you see when shining light through two slits, the sounds you hear in acoustically sound rooms and music halls, the interference radios receive when moved close to other electronic devices, and any tone produced by a musical instrument are all examples of the superposition principle in action.

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Compute the expected value for X.
0 Y 1 2 1 0.10 0.05 0.02 2 0.12 0.10 0.16 3 0.06 0.11 0.28

Answers

The expected value for X is 1.56.

Expected value is the mean value that we would expect if we conducted the same experiment many times and recorded the result of each trial. This formula is used to calculate the expected value for X.

This formula is used to calculate the expected value for X:E(X) = Σ [ xi * P(xi) ] where xi represents the value of X, and P(xi) is the probability of X taking the value xi.

The value of xi is multiplied by its corresponding probability and then summed over all the values of X.

This gives the expected value of X. Now, let us use the formula to calculate the expected value of X:

E(X) = (0 * 0.10) + (1 * 0.05) + (2 * 0.02) + (1 * 0.12) + (0 * 0.10) + (2 * 0.10) + (3 * 0.16) + (0 * 0.06) + (1 * 0.11) + (2 * 0.28)E(X) = 0 + 0.05 + 0.04 + 0.12 + 0 + 0.20 + 0.48 + 0 + 0.11 + 0.56E(X) = 1.56

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a sign in front of a roller coaster says "you must be 40 inches tall to ride" what percentage of this height is:

Answers

Answer: 135%

Step-by-step explanation:

please help me and explain the ones that are circled

please help me and explain the ones that are circled

Answers

Answer:

Step-by-step explanation:

it mean to figure out what number you had before the % took some of the number away

(9 + 4b) + (-4 +5y) + (1 +2m) =

Answers

Answer:

4b+5y+2m+6

Step-by-step explanation:

Dexter ran 5 miles as part of his training. How many yards did he run?

Answers

Answer:

8800 yards

Step-by-step explanation:

The total number of yards ran by Dexter for his training is given by the equation A = 8800 yards

What is unit conversion?

In order to translate measurements of a particular amount between different units, a mathematical conversion factor is usually used. This modifies the measurement of the quantity without altering its effects.

The particular circumstances or the intended result control the conversion process. This may be governed by law, a contract, a list of technical specifications, or other publicly available standards.

A precise conversion from one system to another is necessary for some measures in order to maintain the precision of both the original measurement and the conversion.

Based on the connection between a particular pair of original units and a particular pair of target units, each conversion factor is chosen.

Given data ,

Let the total number of yards ran by Dexter be A

Now , the total number of miles ran by Dexter = 5 miles

where from the unit conversion ,

1 mile = 1760 yards

So , the total number of yards ran by Dexter for his training A = 5 x 1760

The total number of yards ran by Dexter for his training A = 8800 yards

Hence , the number of yards is 8800 yards

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abby is comparing monthly phone charges from two companies. phenix charges $30 plus $.5 per minute. Nuphone charges $40 plus $.10 per minute. in how many minutes will the total be the same

Answers

Answer:

In 25 minutes, the monthly phone charges of both companies will be the same.

Step-by-step explanation:

If we allow m to represent the number of minutes, we can create two equations for C, the total cost of phone charges from both companies:

Phoenix equation:  C = 0.5m + 30

Nuphone equation: C - 0.10m + 40

Now, we can set the two equations equal to each other.  Solving for m will show us how many minutes must Abby use for the total cost at both companies to be the same:

0.5m + 30 = 0.10m + 40

Step 1:  Subtract 30 from both sides:

(0.5m + 30 = 0.10m + 40) - 30

0.5m = 0.10m + 10

Step 2:  Subtract 0.10m from both sides:

(0.5m = 0.10m + 10) - 0.10m

0.4m = 10

Step 3:  Divide both sides by 0.4 to solve for m (the number of minutes it takes for the total cost of both companies to be the same)

(0.4m = 10) / 0.4

m = 25

Thus, Abby would need to use 25 minutes for the total cost at both companies to be the same.

Optional Step 4: Check the validity of the answer by plugging in 25 for m in both equations and seeing if we get the same answer:

Checking m = 25 with Phoenix equation:

C = 0.5(25) + 30

C = 12.5 + 30

C = 42.5

Checking m = 25 with Nuphone equation:

C = 0.10(25) + 40

C = 2.5 + 40

C = 42.5

Thus, m = 25 is the correct answer.

tan 45 * cos 45 + tan 30 * tan square 60​

Answers

Answer:

Regroup Terms: cos 45 tan 45x + tan​^2​​ tan 30x, 60

Answer:

\(\frac{1}{\sqrt{2}}+\frac{3}{\sqrt{3}}\)  , by the way, the simplified is \(2.439157589\)

Step-by-step explanation:

I included a chart so next time you don't need to worry

tan( 45 degrees) = 1cos( 45 degrees) = \(\frac{1}{\sqrt{2}}\)  tan( 30 degrees) = \(\frac{1}{\sqrt{3}}\) tan squared (60 degrees) is the same as saying square the answer of tan (60 degrees). So tan( 60 degrees) = \(\sqrt{3}\) , so square
tan 45 * cos 45 + tan 30 * tan square 60

Write the transformation function for the following tranformation. Black is pre image

T<_____>(x,y)

Write the transformation function for the following tranformation. Black is pre imageT&lt;_____&gt;(x,y)

Answers

Answer:

See the attached worksheet

Step-by-step explanation:

The function is transformed by subtracting 3 from both the x and y values. I'm uncertain how this is expressed in a functional form.

Write the transformation function for the following tranformation. Black is pre imageT&lt;_____&gt;(x,y)

Trigonometry Practice

Trigonometry Practice

Answers

Answer:

x = 16.20

Step-by-step explanation:

tan48 = 18/x

xtan48 = 18

x = 18/tan48

x = 16.20

1.A 15-passenger van is rented for a family
vacation. The van rental is $60.00 per day, plus a
$145.00 insurance fee. How many days can the
van be rented if they want to spend no more than
$625.00 on the van rental? Write and solve an
inequality.

2. Marco is limited to 7 hours of screen time
each week. He decides to watch a movie that is 1
hour and 20 minutes on Sunday. If he divides the
remainder of the time equally amongst the other
six days, then how many minutes can he watch
each day? Write and solve an inequality.

I need the inequality and solution please

Answers

Answer:

they can rent it for 9 days

how to calculate sum of squared residuals from sst and sse

Answers

The SSR can be calculated as:

SSR = SST - SSE

How to determine the SSR?

The linear regression analysis i.e., sum of squared residuals (SSR) can be calculated as the difference between the total sum of squares (SST) and the explained sum of squares (SSE).

SST represents the total variation in the data and is calculated as the sum of the squared differences between each data point and the mean of the data:

SST = ∑(\(yi\) - ȳ)²

where \(yi\) is the \(i-th\) data point and ȳ is the mean of the data.

SSE represents the variation in the data that is explained by the model and is calculated as the sum of the squared differences between each predicted value and the actual value:

SSE = ∑(yi - ŷi)²

where yi is the i-th actual data point and ŷi is the i-th predicted value from the model.

Then, the SSR can be calculated as:

SSR = SST - SSE

This represents the unexplained variation in the data that is not accounted for by the model.

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List the key features of this exponential function: y= -2(1/3)x



Increasing or decreasing? Y-int? Common ratio? Horizontal asymptote?



What would happen if the equation was: y= -2(1/3)x -1?

Answers

The given exponential function is y = \(-2(1/3)^x\). Its key features include being a decreasing function, a y-intercept of -2, a common ratio of 1/3, and a horizontal asymptote at y = 0.

The given exponential function, y = \(-2(1/3)^x\), is decreasing because the base (1/3) is between 0 and 1. As x increases, the exponent becomes more negative, causing the value of the function to decrease. The y-intercept occurs when x = 0, resulting in y = \(-2(1/3)^0\) = -2(1) = -2.

The common ratio of the exponential function is 1/3, which means that each successive term is multiplied by 1/3. This ratio determines the rate of decay or decrease in the function.

The function does not have a horizontal asymptote. As x approaches negative infinity, the function approaches zero, but it never actually reaches it. This is because the exponential function continuously approaches but never reaches zero as x approaches negative infinity.

If the equation were y = \(-2(1/3)^x\) - 1, the only difference would be the subtraction of 1 after evaluating the exponential term. This would shift the entire function downward by one unit. The y-intercept would then be at

y = -2 - 1 = -3, and the function would still exhibit the same decreasing behavior with a common ratio of 1/3. The presence of the constant term -1 affects the vertical position of the graph but does not change the other key features of the exponential function.

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7. Ifa = 3an * db = - 2 . find the values of: (a + b)ab​

Answers

The Values of (a+b)ab are undefined.

Given that, a = 3an and db = -2We need to find the values of (a+b)

Now, we have a = 3an... equation (1)Also, we have db = -2... equation (2)From equation (1), we get: n = 1/3... equation (3)Putting equation (3) in equation (1), we get: a = a/3a = 3... equation (4)Now, putting equation (4) in equation (1), we get: a = 3an... 3 = 3(1/3)n = 1

From equation (2), we have: db = -2=> d = -2/b... equation (5)Multiplying equation (1) and equation (2), we get: a*db = 3an * -2=> ab = -6n... equation (6)Putting values of n and a in equation (6), we get: ab = -6*1=> ab = -6... equation (7)Now, we need to find the value of (a+b).For this, we add equations (1) and (5),

we get a + d = 3an - 2/b=> a + (-2/b) = 3a(1) - 2/b=> a - 3a + 2/b = -2/b=> -2a + 2/b = -2/b=> -2a = 0=> a = 0From equation (1), we have a = 3an=> 0 = 3(1/3)n=> n = 0

Therefore, from equation (5), we have:d = -2/b=> 0 = -2/b=> b = ∞Now, we know that (a+b)ab = (0+∞)(0*∞) = undefined

Therefore, the values of (a+b)ab are undefined.

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To find the 95% confidence interval for the population standard deviation using the bootstrap method. You repeatedly sample with replacement from the sample, tens of thousands of times. For each sample, you compute the sample standard deviation. What is the next step?.

Answers

The next line after computing the sample standard deviation is to; determine the 2.5th and 97.5th percentiles of the values.

How can the 95% confidence interval be determined?

It follows from the task content that the 95% confidence interval for the population standard deviation using the bootstrap method in which case, after numerous sampling, the 2.5th and 97.5th percentiles of the standard deviations are determined.

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Which lists the ratios in order from greatest to least?

23:24, 11:12, 7:8

23:24, 7:8, 11:12

7:8, 23:24, 11:12

7:8, 11:12, 23:24


PLS HELP, ITS DUE VERY SOON

Answers

Answer:

A the first one

Step-by-step explanation:

hope this helps

A would be the answwrr

A diagonal line intersects the ordered pairs (-8, 1) and (0, -4) on a xy - plane. In the space provided below, write a function rule for the diagonal line y = f(x). Show all work.​

A diagonal line intersects the ordered pairs (-8, 1) and (0, -4) on a xy - plane. In the space provided

Answers

Answer:

....................

IQ scores have a mean of 100 and a standard deviation of 15. Greg has an IQ of 127.

(a) What is the difference between Greg's IQ and the mean? Answer:

(b) Convert Greg's IQ score to a z-score.

Answers

IQ scores have a mean of 100 and a standard deviation of 15. Greg has an IQ of 127. (a) The difference between Greg's IQ and the mean is 27. (b) Greg's IQ score of 127 corresponds to a z-score of approximately 1.8.

(a) The difference between Greg's IQ and the mean IQ can be calculated by subtracting the mean from Greg's IQ score. In this case, the mean is 100 and Greg's IQ is 127. Therefore, the difference is:

Greg's IQ - Mean IQ = 127 - 100 = 27

(b) To convert Greg's IQ score to a z-score, we can use the formula:

z = (x - mean) / standard deviation

where x is the individual score, mean is the population mean, and standard deviation is the population standard deviation.

In this case, Greg's IQ score is 127, the mean is 100, and the standard deviation is 15. Plugging these values into the formula, we get:

z = (127 - 100) / 15 = 27 / 15 ≈ 1.8

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In Triangle XYZ, measure of angle X = 49° , XY = 18°, and

YZ = 14°. Find the measure of angle Y.

Answers

Answer:

There are two choices for angle Y: \(Y \approx 54.987^{\circ}\) for \(XZ \approx 15.193\), \(Y \approx 27.008^{\circ}\) for \(XZ \approx 8.424\).

Step-by-step explanation:

There are mistakes in the statement, correct form is now described:

In triangle XYZ, measure of angle X = 49°, XY = 18 and YZ = 14. Find the measure of angle Y:

The line segment XY is opposite to angle Z and the line segment YZ is opposite to angle X. We can determine the length of the line segment XZ by the Law of Cosine:

\(YZ^{2} = XZ^{2} + XY^{2} -2\cdot XY\cdot XZ \cdot \cos X\) (1)

If we know that \(X = 49^{\circ}\), \(XY = 18\) and \(YZ = 14\), then we have the following second order polynomial:

\(14^{2} = XZ^{2} + 18^{2} - 2\cdot (18)\cdot XZ\cdot \cos 49^{\circ}\)

\(XZ^{2}-23.618\cdot XZ +128 = 0\) (2)

By the Quadratic Formula we have the following result:

\(XZ \approx 15.193\,\lor\,XZ \approx 8.424\)

There are two possible triangles, we can determine the value of angle Y for each by the Law of Cosine again:

\(XZ^{2} = XY^{2} + YZ^{2} - 2\cdot XY \cdot YZ \cdot \cos Y\)

\(\cos Y = \frac{XY^{2}+YZ^{2}-XZ^{2}}{2\cdot XY\cdot YZ}\)

\(Y = \cos ^{-1}\left(\frac{XY^{2}+YZ^{2}-XZ^{2}}{2\cdot XY\cdot YZ} \right)\)

1) \(XZ \approx 15.193\)

\(Y = \cos^{-1}\left[\frac{18^{2}+14^{2}-15.193^{2}}{2\cdot (18)\cdot (14)} \right]\)

\(Y \approx 54.987^{\circ}\)

2) \(XZ \approx 8.424\)

\(Y = \cos^{-1}\left[\frac{18^{2}+14^{2}-8.424^{2}}{2\cdot (18)\cdot (14)} \right]\)

\(Y \approx 27.008^{\circ}\)

There are two choices for angle Y: \(Y \approx 54.987^{\circ}\) for \(XZ \approx 15.193\), \(Y \approx 27.008^{\circ}\) for \(XZ \approx 8.424\).

Latasha looked at 3 websites every 15 hours. At that rate, how long, in hours, will it take to look at 5 websites

Answers

Since Latasha looked at 3 websites every 15 hours, at that rate, it will take Latasha 25 hours to look at 5 websites.

What is the unit rate?

The unit rate shows the ratio between two values.

The unit rate is the quotient of two numbers, computed using the division and multiplication operations.

The number of websites Latasha looked in 15 hours = 3

The time it will take Latasha to look at 5 websites = 25 (15/3 x 5)

Thus, based on the rate, we can conclude that Latasha uses 5 hours to look at one website.

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Identify the common ratio of the sequence: 400, 200, 100, 50, . . .

Answers

Solution:

The sequence is given below as

\(400,200,100,50,...\)

Concept:

To figure out the common ratio, we will use the relation below

\(\begin{gathered} r=\frac{a_2}{a_1}=\frac{a_3}{a_2} \\ a_1=400,a_2=200,a_3=100,a_4=50 \end{gathered}\)

By substituting the values, we will have

\(\begin{gathered} r=\frac{200}{400}=\frac{100}{200}=\frac{50}{100} \\ r=\frac{1}{2} \end{gathered}\)

Hence,

The common ratio of the sequence is

\(\Rightarrow r=\frac{1}{2}\)

can someone please help me again, i suck at math..

can someone please help me again, i suck at math..

Answers

Answer:

18.55 - 1.75= 16.8

16.8/12= 1.4 oz

Answer- 1.4 oz

Step-by-step explanation:

Sorry if this is wrong, I suck at math, too.

PLEASE HELP!!!! Land is often measured in acres. An acre is​ 4,840 square yards. The Smith family bought a house built on a rectangular plot that is exactly 2 acres. The plot is 6729 yards long. How wide is the​ plot?

Answers

Answer:

1.4385 yards wide

Step-by-step explanation:

First we need to find the total area of the land by multiplying the 2 acres by the size of a single acre in yards...

2 * 4,840 = 9,680 square yards

Since we know that the area of a rectangle is length times width, and we are provided the length of the land. Then we simply need to divide the area of the land by the length provided to get the width of the land

9,680 / 6729 = 1.4385 yards wide

What tool can be used to determine a good area to purchase property in the following scenario?

The owners of a CSA venture wish to develop an orchard so that it can add fruit to the produce they offer its members. To do so, they will have to purchase new property suitable to the fruit trees they wish to plant and research the soil needs of the various trees.

a soil horizon
b soil map
c soil texture triangle
d soil structure

Answers

Answer:

i think it is b sorry if i'm wrong

Step-by-step explanation:

Find the perimeter of a rectangle with Area = x^2 + 8x + 12

Answers

Answer:

(x+6)*(x+2)

step-by-step explanation:

Shea wrote the expression 5(y + 2) + 4 to show the amount of money five friends paid for snacks at a baseball game. Which expression is equivalent to the one Shea wrote?

Answers

Answer:

1. \(5*y + 5*2 + 4\)

2. \(5*y + 10 + 4\)  

3. \(5y + 14\)

Step-by-step explanation:

Given

\(5(y + 2) + 4\)

Required

Write an equivalent expression

\(5(y + 2) + 4\)

Start by opening the bracket.

\(5(y + 2) + 4 = 5 * y + 5 * 2 + 4\)

\(5(y + 2) + 4 = 5 y + 10 + 4\)

Add like terms (10 and 4)

\(5(y + 2) + 4 = 5 y + 14\)

Hence, equivalent expressions of \(5(y + 2) + 4\) are:

1. \(5*y + 5*2 + 4\)

2. \(5*y + 10 + 4\)  

3. \(5y + 14\)

AEHG=AKFC
Which is a true statement?

Answers

Answer:

aehg yez

Step-by-step explanation:

f ff ff f. fg f f g t t t t t t t t t t t t t t

Answer:

EHG=KFC

Step-by-step explanation:

A train leaves L.A. at 2pm and heads north at 50mph. If the next train leaves the station 3 hours later and heads north at 60 mph, what time will the second train catch up with the first?

Answers

Answer:

8 AM

Step-by-step explanation:

Start time = 2 PMSpeed of the first train = 50 mphSpeed of the second train = 60 mphTrains head same directionThe second train spends 3 hour less time than the first but both take same distance

Let the time in travel for the first train be x, then we have equation for distance:

50x = 60(x - 3)50x = 60x - 18060x - 50x = 18010x = 180x = 18 hours

Time when the second train caches up the first one:

2 PM + 18 hours = 8 AM next day

The first step in solving 7 + 3(x - 2) = 2x + 10 is to

The first step in solving 7 + 3(x - 2) = 2x + 10 is to

Answers

Answer:

x=9

Step-by-step explanation:

Simplify  7+3x−67+3x−6  to  3x+13x+1.

Subtract 11 from both sides

Simplify  2x+10−12x+10−1  to  2x+92x+9.

Subtract 2x2x from both sides.

Simplify  3x−2x3x−2x  to  xx.

Answer: x=9

Step-by-step explanation:

7+3(x-2)=2x+10

7+3x-6=2x+10

1+3x=2x+10

1+3x-2x=2x-2x+10

1+1x=10

1x=9

x=9

Please help!!
the function of C gives the percentage of homes using only cell phone service X years after 2004 explain the meaning of each statement.

1. C(10)=35
2. C(x) = 10
3. how is C(10) different from C(x) = 10?

Answers

Answer:

Step-by-step explanation:

1. C(10)=35  is the percentage of homes using only cell phone service 10 years after 2004, that is, after 2014.

2. C(x) = 10  is the percentage of homes using only cell phone service x years after 2004.  We must find x.

3. how is C(10) different from C(x) = 10?

In C(10), 10 measures time in years and is the independent variable here; C10) is the dependent variable.  See (2), above.  In C(x), x is the (unknown) independent variable, whereas 10 is the output vaue, the dependent variable.

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I had committed myself to doing it when I sent for the rifle. "Orwell says that this experience taught him that "when the white man turns tyrant it is his own freedom that he destroys." In what ways did his role as a colonial policeman end his freedom? Support your response with evidence from the text. How have people created awareness for civil rights issues and oppressed groups through the media, including music, art, stories, film, and digital media?Provide 2 examples of activism through at least one of the mediums stated above. What is a key distinction between a trial court and an appellate court?A.Federal versus state jurisdictionB.Criminal versus civil casesC.The number of witnessesD.The focus on facts versus procedure please help didnt mean to answer An airplane is heading north at an airspeed of 700 km/hr, but there is a wind blowing from the northwest at 50 km/hr. The plane will end up flying___degrees off courseThe plane's speed relative to the ground will be __km/hr Read the excerpt from "Raymond's Run."But now, if anybody has anything to say to Raymond, anything to say about his big head, they have to come by me. And I dont play the dozens or believe in standing around with somebody in my face doing a lot of talking. I much rather just knock you down and take my chances even if I am a little girl with skinny arms and a squeaky voice, which is how I got the name Squeaky.How does the author develop Squeaky's viewpoint in this excerpt?A. by showing that Squeaky believes she is the toughest of anyone she knowsB. by showing that Squeaky resents being responsible for Raymond.C. by emphasizing that Squeaky refuses to allow others to tease RaymondD. by revealing that Squeaky knows she is too little to fight other kids < Question 11 of 27 >A car traveling 88.0 km/h on a straight road is 2500 m behind a truck traveling at 64.0 km/h.How much time t will it take the car to catch up with the truck?t = f(x)=x^2+2x g(x)=2x+1 A coin is tossed and a die is rolled simultaneously. What is the probability of getting a tail and a number less than 3? Imagine that you are a trader in ancient China and you have just come back from a trip along the Silk Road. Where did you go? What goods did you trade for? What dangers did you face? In the space provided below, write a letter to a friend about your journey. Include details about the following:1. What country are you from? What do you have to trade?2. Who do you meet? What do they have to trade?3. What was life like on the Silk Road trade routes?4. What did you see and experience?5. What did you learn about other cultures? Which of the folldwing is an irrational number? The porosity of vesicular basalt is about 25%; however, when water is poured on it, the water does not come out the other side. How is this possible?The minerals in the basalt react chemically with the water to produce gases.Vesicular basalt is similar to a sponge and will soak up all the water.The vesicles in basalt are filled with sediments and thus cannot hold water.The vesicles in basalt are not connected, so it has no permeability. th consumers and organizational buyers purchase products online, but blank______.