On december 1, the accounts receivable control account balance in the general ledger of the Picard Company was $9500. The accounts receivable subsidary ledger contained the following detailed customer balances: Selig $2000, jobs $2400, Taylor $2600, and Burton $2500. The following informatiom is available from the companys special journals for the month of December.
Cash Receipts Journal: Cash recieved from Taylor $2600, to Selig $1300, from Munoz $1700, and from jobs $1800.
Sales Journal: Sales ro Munoz $3400, to Taylor $1800, to Selig $3100, and to Burton $1900

Instructions: Using T-accounts for Accounts Receivable Control and the detail customer accounts, post the activity for the month of December.

Georgia's gross pay was 35,600 this year she is to pay a federal income tax of 16% how much should georgia pay in federal income ax this year

Miko willingly admits that she is not an accountant by training. she is concerned that her balance sheet might not be correct. she has provided you with the following additional information. 1. the boat actually belongs to miko, not to skysong, inc.. however, because she thinks she might take customers out on the boat occasionally, she decided to list it as an asset of the company. to be consistent, she also listed as a liability of the corporation her personal loan that she took out at the bank to buy the boat. 2. the inventory was originally purchased for $27,500, but due to a surge in demand miko now thinks she could sell it for $39,600. she thought it would be best to record it at $39,600. 3. included in the accounts receivable balance is $11,000 that miko loaned to her brother 5 years ago. miko included this in the receivables of skysong, inc. so she wouldn’t forget that her brother owes her money. (b) provide a corrected balance sheet for skysong, inc.. (hint: to get the balance sheet to balance, adjust stockholders’ equity.) (list assets in order of liquidity.)

What additional information about the numbers used to compute this ratio might be useful in you assess liquidity? (select all that apply) (a) the maturity schedule of current liabilities (b) the average stock price for the industry (c) the average current ratio for the industry (d) the amount of current assets that is concentrated in relatively illiquid inventories