Organic Gardening Ltd. had operating expenses of $968,000 during 2020. Accrued liabilities at the beginning of the
Question:
Organic Gardening Ltd. had operating expenses of $968,000 during 2020. Accrued liabilities at the beginning of the year were $27,000, and were $36,000 at the end of the year. Assuming all debits and credits to accrued liabilities are related to operating expenses, what was the total cash paid for operating expenses during 2020?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (10 reviews)
27000 9680...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Fundamental Accounting Principles Volume II
ISBN: 978-1260305838
16th Canadian edition
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
Question Posted:
Students also viewed these Business questions
-
a. Keith Thomas and Thomas Brooks began a new consulting business on January 1, 2015. They organized the business as a C corporation, KT, Inc. During 2015, the corporation was successful and...
-
a. Keith Thomas and Thomas Brooks began a new consulting business on January 1, 2013. They organized the business as a C corporation, KT, Inc. During 2013, the corporation was successful and...
-
a. Keith Thomas and Thomas Brooks began a new consulting business on January 1, 2017. They organized the business as a C corporation, KT, Inc. During 2017, the corporation was successful and...
-
A Contractors Ltd was formed on 1 January 2012 and the following purchases and sales of machinery were made during the first 3 years of operations. Each machine was estimated to last 10 years and to...
-
Show that strong induction is a valid method of proof by showing that it follows from the well-ordering property.
-
How are roles defined in order to support teamwork at the Ritz-Carlton Hotels?
-
Global Markets, Inc. was experiencing a shortage of cash. Consequently, the President was considering two options to provide an immediate inflow of cash. The first option was to sell \($2\) million...
-
Suppose you are a loan officer for a bank. A start-up company has qualified for a loan. You are pondering various proposals for repayment: 1. Lump sum of $250,000 five years hence. How much will you...
-
Excel's NORM.INV function can be used to compute _____. a. cumulative probabilities for a standard normal z value b. cumulative probabilities for a normally distributed x value c. the normally...
-
The Volvo Group, headquartered in Gothenburg, Sweden, is one of the worlds leading manufacturers of trucks, buses, and construction equipment, in addition to autos. Volvos actual condensed balance...
-
Rosetta Inc.s records contain the following information about the 2020 cash flows. Cash and cash equivalents balance, December 31, 2019.......................... $ 37,500 Cash and cash equivalents...
-
The summarized journal entries below show the total debits and credits to the Zebra Corporation?s Cash account during 2020. Required Use the information to prepare a statement of cash flows for 2020....
-
How does consensus differ from unanimity in group decision making?
-
Danielle, a peer with a record of high performance, has recently had a drop in productivity. Her problem is affecting her performance. You know Danielle has a family problem. You: a. Discuss the...
-
_____ utilizes mathematics to forecast future events based on historical data.
-
_____ is a process of terminating a group of employees, usually due to some business downturn or perhaps a technological change, with intent to improve organizational efficiency and effectiveness.
-
Work orders from the staff department normally take three days; however, you have an emergency and need the job today. Your colleague Jim, the department supervisor, is knowledgeable and somewhat...
-
_____ uses nonquantitative methods to forecast the future, usually based on the knowledge of a pool of experts in a subject or an industry.
-
The following results were obtained in early studies on the translation of secretory proteins. Based on what we now know of this process, explain the reason why each result was observed. (a) An in...
-
Vectors are drawn from the center of a regular n-sided polygon in the plane to the vertices of the polygon. Show that the sum of the vectors is zero.
-
Prepare the closing entries for the Sales account, assuming a balance of $200,000 and the Cost of Goods Sold account with a $145,000 balance.
-
Prepare the closing entries for the Sales account, assuming a balance of $200,000 and the Cost of Goods Sold account with a $145,000 balance.
-
Identify the distinguishing features of an income statement for a merchandising company.
-
Assume that you start with a balance of $3700 on your credit card. During the first month, you charge $600, and during the second month, you charge $750. Assume that your credit card charges a 27%...
-
Metallica Bearings, Incorporated, is a young start-up company. No dividends will be paid on the stock over the next nine years because the firm needs to plow back its earnings to fuel growth. The...
-
Problem 13-2 (Algo) A metal fabricator produces connecting rods with an outer diameter that has a 1 0.01 inch specification. A machine operator takes several sample measurements over time and...
Study smarter with the SolutionInn App