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Randall's Service Company Began Operations on January 1,2019

question 78

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Randall's Service Company began operations on January 1,2019.The following Trial Balance was prepared on December 31,2019.Capital contributions during the year were $58,000. Randall's Service Company began operations on January 1,2019.The following Trial Balance was prepared on December 31,2019.Capital contributions during the year were $58,000.     What is the December 31,2019 balance of Randall,Capital? A) $58,000 B) $51,300 C) $74,500 D) $16,500 Randall's Service Company began operations on January 1,2019.The following Trial Balance was prepared on December 31,2019.Capital contributions during the year were $58,000.     What is the December 31,2019 balance of Randall,Capital? A) $58,000 B) $51,300 C) $74,500 D) $16,500 What is the December 31,2019 balance of Randall,Capital?


Definitions:

Maturity Value

The amount payable to an investor at the end of a fixed-term investment, including the principal and any interest accrued.

Notes Receivable

Claims against debtors documented by promissory notes, which promise the future inflow of cash.

Aging Schedule

A table or report that categorizes a company's accounts receivable according to the length of time an invoice has been outstanding.

Net Receivables

The total amount of money owed to a company by its customers after accounting for allowances for doubtful accounts.

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