Select all that apply Determine which of the following statements are correct descriptions of a subsidiary ledger. (Check all that apply.) Multiple select question. The balance in the subsidiary ledger will equal the balance of its supported account in the general ledger. It is a supporting ledger that contains detailed information about a general ledger account. The account which the subsidiary ledger supports in the general ledger is called a control account. Two of the most common subsidiary ledgers are for Accounts Payable and Accounts Receivable. A subsidiary ledger is a general ledger account that appears in the chart of accounts. The balance in the subsidiary ledger will rarely equal the balance in the supported account in the general ledger.

Answers

Answer 1

Answer:

- The balance in the subsidiary ledger will equal the balance of its supported account in the general ledger.

- The account which the subsidiary ledger supports in the general ledger is called a control account.

- It is a supporting ledger that contains detailed information about a general ledger account.

- Two of the most common subsidiary ledgers are for Accounts Payable and Accounts Receivable.

Explanation:

A subsidiary ledger is defined as a supporting ledger that contains details of an account on the general ledger.

It gives a breakdown of the single amount that reflects in a general ledger account.

For example if the accounts payable account has a balance of $50,000, the subsidiary ledger will show the individual transactions that make up the $50,000.

Therefore the balance of the subsidiary ledger will equal the amount in the general ledger account.


Related Questions

Which of the following is NOT part of the promotional mix?

Question 20 options:

Physical Distribution


Public Relations


Advertising


Sales Promotion

Answers

Answer:

A- Physical Distribution

Explanation:

Advertising.Public relations or publicity.Sales promotion.Direct marketing.Personal selling.

Physical Distribution is part of marketing mix therefore it is A.

Kasey Corp. has a bond outstanding with a coupon rate of 5.86 percent and semiannual payments. The bond has a yield to maturity of 4.3 percent, a par value of $2,000, and matures in 24 years. What is the quoted price of the bond

Answers

Answer:

Market price = $2,464.21

Explanation:

coupon rate = 5.86% / 2 = 2.93%

YTM = 4.3% / 2 = 2.15%

face value = $2,000

periods to maturity = 24 x 2 = 48

Present value of face value = $2,000 / (1 + 2.15%)⁴⁸ = $720.42

Present value of coupon payments = $58.60 x {[1 - 1/(1 + 0.0215)⁴⁸ ] / 0.0215} = $1,743.79

Market price = $2,464.21

Answer:123.21

Explanation:

one dozen pencil cost 10 if rhe oencil were sold at 1.50 each ehat percentage profit was made on the pencil​

Answers

Answer:

huh? im confused i almost had a stroke reading this-

Explanation:

Which form of market segmentation is Coca Cola using when they look at the values, attitudes, and lifestyle of their target market?

Question 11 options:

Geographic


Behavioral


Demographic


Psychographic

Answers

Answer:

D- phychographic

Explanation:

In psychographic segmentation, Coca Cola buyers are divided into different groups

lol is this a test you are taking? :)

Answer:

D- phychographic

Explanation:

Hope you have a great day

DeBeers is an example of a government monopoly. True or False?

Answers

Answer:

I believe this is false.

True or​ False: Ignoring any​ "Other" operating income or operating​ expenses, EBIT can be found by subtracting SGA and Depreciation from the gross profit. True

Answers

Answer:

True

Explanation:

As we know that

Earning before interest & taxes (EBIT) = Gross Profit - SGA (Selling, General and Administrative Expense) - Depreciation Expense

So the given statement is true

Hence, the same would be considered and relevant too

Emmanuel would like to start a business with a popular fast food company. He agrees to pay a fee and royalties. This is an example of which type of business?

A. Franchise
B. S corporation
C. Nonprofit corporation
D. C corporation

Answers

A franchise, option A.

Answer:

yeah A

Explanation:

what important technology has done the most

Answers

The answer is Wireless networks

Which of the following is NOT a characteristic of population?
O The people in the group being investigated
O The group from which the sample comes
O The people who are actually measured
O The general population of a segment such as students, voters, etc.

Answers

Answer:

The people who are actually measured

Explanation:

A population is the whole group you want to study while a sample is the group chosen to partake in the study or experiment.

For example you want to carry out a study on the spending habits of millennials in the world. It is impossible to contact all the millennials in the world. The reasonable step would be to choose a sample of the people that would be representative of all the millennials in the world.

Here the population are millennials. while the representative population chosen to represent millennials are the sample

How much would you sell a paper airplane for? Why? How much of that is profit?

Answers

Answer:

$100009

Explanation:

if it's homemade, sell it for that much.

if this is an actual question, I'm so sorry.

Answer:

maybe one dollar each, I can make a paper airplane w mail paper, so I won't waste money on actual paper, but I dont think my answer is good so choose the other ones

Give examples of career research resources available at a library.​

Answers

Answer:

Databases. Databases are indexes which enable you to search for articles within journals.

Electronic Books.

Electronic Dictionaries and Encyclopedias. ...

Journals and eJournals. ...

Official Publications.

Online Newspapers.

Some examples of career research resources available at a library were Digital books, Encyclopedias and dictionaries on the internet, both print and online journals, Governing publications.

What do you men by the career research resources?

Researching different job paths will help you identify the industry that best suits your interests and abilities.

Students have the chance to identify their career interests and investigate possibilities for employment or further education through career research and development (CRD). Students study and practice practical skills while identifying their career interests and aptitudes in the classroom.

Your personal experiences, print media like books, pamphlets, journals, magazines, and newspapers, as well as electronic sources accessed via the Internet, can all be used as research resources. They can also come from polls and interviews that you or another else conducts.

Combining online and offline resources, such as informative interviews, work shadowing, or internships, is the most efficient approach to research vocations.

Therefore, some examples of career research resources available at a library were Digital books, Encyclopedias and dictionaries on the internet, both print and online journals, Governing publications.

To know more about the career research resources, visit:

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Explain the word taxation.​

Answers

Taxation is the practice of a government collecting money from its citizens to pay for public services, taxation is practice of collecting taxes (money) from citizens based on their earnings and property

Career Question Below

Answers

Answer:

I think A. sorry if I'm wrong

Which statements describe a Treble Clef correctly? Pick Two
Treble Clef is your right hand.
Treble Clef is your left hand.
Treble Clef sounds higher.
Treble Clef sounds lower.

Answers

Answer: c and a

Explanation:

Why might some investors become careless about their portfolios ?

Answers

Investors hold diversified portfolios in order to reduce risk, that is, to lower the variance of the portfolio, which is considered a measure of risk of the portfolio.

Explain one benefit to a business of using crowd funding as a source of finance

Answers

Answer:

Explanation:

Crowdfunding can be regarded as a way in which businesses can raise funds through the contribution of large number of people to the project.

SPEED AND ACCESSIBILITY

Crowdfunding helps the entrepreneur/ Businesses to get the necessary capital without passing through arduous process involving in loan collection, and this is good for small and medium companies that doesn't have enough creditworthiness in taking loan. As far as crowdfunding is concerned, no special qualifications involved in starting a crowdfunding campaign, within some hours ones page can be outlined and make visible to crowdfunding platform’s audience. There is no hunt down of specific venture capitalists.

Now is an advertisement different from a comment from
a regular consumer
The advertisement is likely one sided
The advertisement may have been posted by the
seller.
It isn't any different
The advertisement is made by an influencer who
gets paid

Answers

Answer:

The advertisement is likely one sided.

Explanation:

Marketing can be defined as the process of developing promotional techniques and sales strategies by a firm, so as to enhance the availability of goods and services to meet the needs of the end users or consumers through advertising and market research.

Marketing comprises of all the activities such as, identifying, anticipating set of medium and processes for creating, promoting, delivering, and exchanging goods and services that has value for customers. It basically, involves understanding customer needs, building and maintaining healthy relationships with them in order to scale up your business.

Advertisement refers to the promotional multimedia messages designed and developed to make the products or services of a company known to its customers and potential customers. It is generally considered to be one-sided because it focuses on painting a brand as the best and devoid of any negative issue.

On the other hand, a comment from a regular customer is fairly balanced as it is based on his or her experience with the product, whether good or bad.

Hence, an advertisement is different from a comment from a regular consumer because an advertisement is likely to be one sided.

2. Carla has 15 items on her "to do " list when she arrives at work today. By noon she has completed 3/5 of the items. How many has she completed?
A. 3
B. 5
C. 9
D. 12



Answers

C would be the correct answer. Because you can divide 15 by 5 and then multiply 3 by 3.

Your roommate told you she doesn’t need renter’s insurance because her parent’s homeowner’s policy covers her stuff. Is she correct? Explain your answer.

Answers

Answer: no she is not correct because if she has her own house or apartment then no she is not on homeowner's insurance. now she has to get her own.

Explanation:

hope this helps.

The roommate should not be correct.

What is insurance?

Insurance represents the arrangement where the company or the government agency gives the guarantee with respect to the compensation for the particular loss, damage and in return, the payment should be made with respect to the premium. Also, she is not correct since she has her own house so it is not the homeowner insurance.

learn more about insurance here: https://brainly.com/question/24332840

hey can y'all help me out some my birthday is April 7th and I get to oder things off Amazon and I'm a person who likes to do nails so do y'all know a case on Amazon where I can put all my nails stuff​

Answers

I just bought shelves and I use it to store all my nail supplies

Yes, there are many nail cases available on Amazon where you can store all your nail supplies like Frenessa Acrylic Nail Polish Organizer and Hiker Large Capacity Cosmetic Case.

What is amazon?

Amazon is a multinational technology company based in Seattle, Washington, United States. It was founded in 1994 by Jeff Bezos as an online marketplace for books and later expanded to sell a wide variety of products, including electronics, clothing, toys, and household items.

Amazon is now one of the largest online retailers in the world, with operations in over 100 countries and an extensive network of warehouses, delivery centers, and data centers.

These are just a few options to consider, but there are many other nail cases available on Amazon to fit your specific needs and preferences.

Learn more about amazon here:

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Brown Cow Dairy uses the aging approach to estimate bad debt expense. The ending balance of each account receivable is aged on the basis of three time periods as follows: (1) not yet due, $19,000; (2) up to 120 days past due, $5,000; and (3) more than 120 days past due, $3,000. Experience has shown that for each age group, the average loss rate on the amount of the receivables at year-end due to uncollectibility is (1) 2 percent, (2) 11 percent, and (3) 30 percent, respectively. At December 31 (end of the current year), the Allowance for Doubtful Accounts balance is $830 (credit) before the end-of-period adjusting entry is made. Data during the current year follow: a. During December, an Account Receivable (Patty's Bake Shop) of $780 from a prior sale was determined to be uncollectible; therefore, it was written off immediately as a bad debt. b. On December 31, the appropriate adjusting entry for the year was recorded. Required: 1. Give the required journal entries for the two items listed above. 2. Show how the amounts related to Accounts Receivable and Bad Debt Expense would be reported on the income statement and balance sheet for the current year. Disregard income tax considerations.

Answers

Answer:

1a. Dec-31

Dr Allowance for doubtful accounts $780

Accounts receivable (Patty's Bake Shop) Cr $780

1b . Dec-31

Dr Bad debt expense $1,000

Cr Allowance for doubtful accounts $1,000

2a. Bad debt expense $1,000

2b. Doubtful accounts $25,170

Explanation:

1. Preparation of the journal entries

First step is to adjust for estimated bad debt expense for current year

Aged Accounts Receivable Estimated Percentage Uncollectible Estimated Amount Uncollectible

Not yet due 19,000* 2%= $380

Up to 120 days past due 5,000*11%=$550

Over 120 days past due 3,000*30%=$900

Estimated balance in allowance for Doubtful Accounts $1,830

Less Current balance in allowance for Doubtful Accounts ($830)

Bad Debt Expense for the year $1,000

($1,830-$830)

Now let prepare the Journal entry:

1a. Dec-31

Dr Allowance for doubtful accounts $780

Accounts receivable (Patty's Bake Shop) Cr $780

(To record Write off accounts receivable)

1b. Dec-31

Dr Bad debt expense $1,000

Cr Allowance for doubtful accounts $1,000

(To record allowance of doubtful account)

2aCalculation to Show how the amounts related Bad Debt Expense would be reported on the income statement and balance sheet for the current year.

BROWN COW DAIRY COMPANY

Income Statement (Partial)

As of December 31

Operating expenses:

Bad debt expense $1,000

2b. Calculation to Show how the amounts related to Accounts Receivable would be reported on the income statement and balance sheet for the current year.

BROWN COW DAIRY COMPANY

Balance Sheet (Partial)

As of December 31

Current assets:

Accounts receivable (Patty's Bake Shop) $27,000

(Less)Allowance for doubtful accounts ($1,830)

Accounts receivable, net of allowance for Doubtful accounts $25,170

Accounts receivable =$ 19,000+$5,000+$3,000 Accounts receivable =$27,000

Allowance for doubtful accounts = $380+$550+$900

Allowance for doubtful accounts = $1,830

Therefore the amounts related to Accounts Receivable and Bad Debt Expense that would be reported on the income statement and balance sheet for the current year will be :

Bad debt expense $1,000

Doubtful accounts $25,170

Which of these is a critical interaction in the hotel industry?
A.
a breakfast order through room service
B.
a first glimpse of the hotel
C.
a swim at the hotel pool
D.
a visit to the hotel boutique

Answers

Answer: B
hope this helps :)

Celebrities can appeal to ethos when they promote products that

A. are related to their field.

B. people want to buy.

C. might help people.

D. are not well known.

Answers

Answer:

B.people want to buy ..............

What is Seth Godin’s overall message to companies?

Answers

Answer:

Don't put all your money into marketing. Focus on those people who are passionate about your product and figure out what people want and focus on them.

(coursehero.com)

How do intermediaries benefit companies?

Answers

Intermediaries often provide valuable benefits: They make it easier for buyers to find what they need, they help set standards, and they enable comparison shopping—efficiency improvements that keep markets working smoothly. But they can also capture a disproportionate share of the value a company creates.

I made a website but I need help
can you help me https://manage.wix.com/dashboard/dfc0d810-392a-4bd4-afe2-bc2a5618e9ca/home?referralInfo=my-sites

Answers

Answer:

that depens am i going to regreat it or not?

Explanation:

how do ordinary people get involved in a democratic country​

Answers

Answer:

Citizens vote for their government officials and these officials represent the concerns and ideas of the citizens in government. For example, your Governor is elected by the voters in your state. ... Voting in an election and contacting our elected officials are two ways that Americans can participate in our democracy.

Answer:

same as his/her answer

Explanation:

sorry I just need a free point hsjsnsnsannananansnsbnsnsjssjsjkakaksksks

2. Happy Selling Company's salaries to sales agents amounted to Php 10,000. Salaries of accountants
amounted to Php 20,000. No other expenses were incurred. How much is the company's general and
administrative expense?
Answer:

Answers

Answer:

Please one time

Mark brainliest

Please dmdmncncjncnxnxncn

I think I have the correct answers but I would like a second opinion

Answers

Answer:

The answer is C

Explanation:

If you stand over a student they will become stressed and not want to answer anything. If they grade eachothers papers then could get bad grades or extremely good grades based on the other student feels about them.

What effects does scarcity of economic resources have on choices?

Answers

When economic resources are scarce, there’s going to be few choices to choose from.
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