accounting

Determine the net income of a company for which the following information is available for the month of July. Employee salaries expense $ 181,000 Interest expense 11,000 Rent expense 21,000 Consulting revenue 404,000

$191,000.

A company reported total equity of $181,000 at the beginning of the year. The company reported $246,000 in revenues and $183,000 in expenses for the year. Liabilities at the end of the year totaled $110,000. What are the total assets of the company at the end of the year?

$354,000

The assets of a company total $716,000; the liabilities, $208,000. What is the amount of equity?

$508,000

A company wants to decrease its $200.00 petty cash fund to $75.00. The entry to reduce the fund is:

Debit to Cash $125.00; credit Petty Cash $125.00. Correct

Jose Consulting paid $820 cash for utilities for the current month. Determine the general journal entry that Jose Consulting will make to record this transaction.

Utilities Expense 820 Cash 820

Zippy had cash inflows from operations of $72,500; cash outflows from investing activities of $57,000; and cash inflows from financing of $35,000. The net change in cash was:

$50,500 increase