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

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

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