688A_Final_Fall_2023

The first closing entry would include a  a. Debit to c Finley capital for $155,000 B. Credit to c Finley capital for $50,000 c. Debit to c Finley capital for $50,000 D. Credit to c Finley capital for $155,000

lorato’s trial balance as at 31st December 2020 Dr Cr Pula Pula Sales 800,000 Sales Returns 17,000 Purchases 400,000 Purchases Returns 21,000 Land and Buildings 320,000 Machinery 275,000 Motor vehicle 130,000 Furniture 65,000 Opening inventory 50,000 Accounts receivable 220,000 Accounts payable 276,000 Capital 650,000 Cash at Bank 30,000 DIPLOMA Sessional Structured Timed Assignment January - June BPA612 Principles of Accounting ©BOU 2023 Page 5 of 11 Cash in hand 3,000 Telephone 12,000 Electricity 15,000 Salaries and wages 170,000 Discounts receivable 3,500 Discounts Allowed 2,000 Interest receivable 9,000 Interest payable 12,000 General expenses 28,000 Insurance 6,000 Bad debts 1,000 Provision for bad and doubtful debts 4,500 Carriage outwards 3,000 Carriage inwards 5,000 1,764,000.0 1,764,000 Additional information a. Closing inventory P40,000 b. Motor vehicles purchased P10, 000 was included in Purchases by mistake. c. Electricity P1, 000 was owing at the end of the financial year.…

10:04 Assignment Details ATG-110-20A01: Financial Accounting (Session II Summer 2021) 7474 unread replies.7575 replies. Please read and respond to TIF 12-2 on page 623. Review the rubric to ensure you receive full points for this discussion. Discussion Rubric- 25 points(1)_(3).docx *After you have posted your answers, please reply to three other students' posts. This discussion board was set up so that you will not be able to see others replies until you post your own. Search entries or author Filter replies by unreadUnread Collapse replies TIF 12-2 Issuing Stock 1. ETHICS Lou Hoskins and Shirley Crothers are organizing Red Lodge Metals Unlimited Inc. to undertake a high-risk gold mining venture in Canada. Lou and Shirley tentatively plan to request authorization for 400,000,000 shares of common stock to be sold to the general public. Lou and Shirley have decided to establish par of $0.03 per share in order to appeal to a wide variety of potential investors. Lou and Shirley believe…

100 points Add class comment Assume that you are a personnel officer in a manufacturing company and that one of your employees is a young engineering manager called Joseph Sykes. Joseph has been chosen to attend the local university' s Business School to study for a diploma in management. Joseph is reluctant to attend the course because he will have to study accounting; as an engineer, he thinks that it will be a waste of time for him to study such a subject. Required: Draft an internal memorandum addressed to Joseph explaining why it would be of benefit to him to study accounting.

Dashboard / My courses / FINA 415-1-20201 / General / FINAL EXAM- FINA 415- FALL 2020-21 Quiz nav Question 18 Which of the deposits are used by business people in majority? Answer saved 1 Marked out of 2 Select one: 10 11 Flag question O a. None O b. Recurring Deposits 20 19 O c. Savings Deposits Finish atte O d. Current Deposits O e. Time Deposits Clear my choice Next page Previous page Unit 4 (3).pptx Unit 3 (2).pptx Unit 5 (1) (1).pptx

Hello, I'm looking for help with trial balance for each months end cutoff for the following transactions.

Perform a categorical analysis on the majors of students enrolled in the MBA. Describe your findings.

Instructions: 1. You MUST open the excel file attachment available in this HOMEWORK 1 assignment in Teams and fill it in with your solution to the requirements a)-d) below within the assigned deadline, i.e. by April 13, 2024, 6:59 PM. 2. Wherever possible, avoid retyping of information already entered, using references. 3. Answer as completely as possible. The Accounting Cycle - Problem Set ABC Company Ltd. Balance Sheet as at Nov. 30, 2023 Assets Land Equities 3 600 Paid-in Capital 7 100 Equipment 2 500 Retained Earnings 2 500 Office Supplies Inventory 2 500 Tax payable 1 300 Accounts Receivable 5 000 Loan Payable 3 000 Cash, Bank 3 800 Accounts payable 3 500 Total assets 17 400 Total equities 17 400 Summary of transactions during December: 1. Paid outstanding tax payables. 2. Paid outstanding trade creditors in the amount of €1500. 3. Received a bank transfer for €3000 from a customer for services rendered in October. 4. Purchase of €1050 of Equipment on credit. 5. Performed…

| alphacollege.ddns.net:5056/moodle/ be A Maps gnment#3-Handwritten Group Assignment is due Thursday, 18 March, 6:30 PM Course event 1. May1, Business owner Bill Doors invested $200,000 in cash and office equipment worth $48,000 in the business bank account 2. May1st, prepaid $14,400 cash for three month office rent. 3. May2nd, made credit purchase of office equipment for $24,000 and office supplies for $4800 4. May6, completed services for a client and received $4000 cash. 5. May9, completed a $16,000 project service for a patient, who will pay within 30 days. 6. May10, paid balance owing on May2nd. 7. May19, paid $12,000 cash for the annual liability insurance premium 8. May22, received $12,800 as partial payment for the services done on May9. 9. May25, completed consulting services for another client for $5280 on account. 10. May31, Bill Doors withdrew $12,400 cash for personal use 11. May31, purchased $1600 additional office supplies on account 12. May31, paid $1400 for the monthly…

Subject: acounting

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Spring 2021 Final Exam(2) Saved to this PC - егences Mailings Review View Help AaBbCcD AaBbCcDc AaBbC AaBbCcC A aB 三。 I Normal T No Spac. Heading 1 Неading 2 Title Paragraph Styles 6-Dyson Manufacturing Company had the following financial statement results for last year. Net sales were $1.2 million with net income of $90,000. Total assets at year-end amounted to $900,000. a. Calculate Dyson's asset turnover ratio and its profit margin. b. What is Dyson's rate of return on assets. 7-Marriot Corporation has two bond issues outstanding, each with a par value of $1,000. Information about each is listed below. Suppose market interest rates rise 2 percentage point across the yield curve. What will be the change in price for each of the bonds? Does this tell us anything about the relationship between coupon rate and interest rate risk? Bond A: 10 years to maturity, 0 percent coupon, market interest rate is 10 percent. Bond B: 10 years to maturity, 10 percent coupon, market interest rate is 10…

Assignment 6.1: Session 6 Comprehensive Problem (Chapter 8) Instructions In this session, we have a 6-part comprehensive problem. Download the Session 6 Comprehensive Problem Templates below to complete the 6 required parts of the problem. You will need your Bergevin and MacQueen book for reference. Rancho Cucamonga Inc. began business on January 1, 2020. The firm earned $100 from sales in its first year of business. Rancho Cucamonga collected $90 of revenue earned in cash during 2020 and reported a $10 account receivable on its 2020 balance sheet. The firm paid $70 cash for operating expenses in 2020 and reported a $5 account payable for unpaid operating expenses on its 2020 balance sheet. Income tax laws only recognize cash collected from sales and cash paid for expenses as taxable items in the year collected or paid. Rancho Cucamonga also reported a $10 fine, paid in cash, to the federal government for unfair business practices. Generally accepted accounting principles allow firms…

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edugen.wileyplus.com Return to Blackboard US Weygandt, Accounting Principles, 13th Edition, Custom WileyPLUS Course for Bronx Community College Help | System Announcements CALCULATOR PRINTER VERSION BACK Exercise 7-05 a-d (Part Level Submission) Sandhill Company has a balance in its Accounts Payable control account of $8,180 on January 1, 2020. The subsidiary ledger contains three accounts: Hale Company, balance $2,660; Janish Company, balance $1,860; and Valdez Company. During January, the following payable-related transactions occurred. Purchases Payments Returns Hale Company $6,340 $5,890 $ 0 Janish Company 4,950 1,860 3,150 Valdez Company 6,065 6,000 (a) Collapse question part What is the January 1 balance in the Valdez Company subsidiary account? Balance in the Valdez Company subsidiary account $ Click if you would like to Show Work for this question: Open Show Work SUB SAVE FOR LATER Attempts: 0 of 4 used

Strictly type-written Required: • Ledger • Guide Questions

Spring 2021 Final Exam(2) - Saved to this PC - erences Mailings Review View Help 三 三|A|T AaBbCcD AaBbCcDc AaBbC AABBCCC AaB I Normal T No Spac... Heading 1 Heading 2 Title Paragraph Styles 3-Michael Cool's employer offers its workers an optional two-month unpaid vacation after 7 years of service to the firm, who just started working for the firm, plans to spend his vacation touring Europe at an estimated cost of $24,000. To finance his trip, Robert plans to make an annual deposit of $2,500 into a savings account at the end of the next seven years (first deposit will occur one year from today. The account pays 8% annual interest rate, a. Will Michael's account balance in seven years be enough to pay for his trip? b. Suppose Michael increases his annual deposit to S2,700. How large will his account balance be in seven years? 4- The Robinson Company has the following current assets and current liabilities for these two

Prepare the necessary journal entries and statement of financial position for the month ending January 31, 2020

cademic Calendar My MCBS Library English (en) Fundamentals of Financial AcCo nting /Summer Session 1 2021/ACT 140/D2 / Course Documents/ Quiz126-5-2021 Cato Supplies opening and closing balance of retained earnings were $5,000 and $6,000, respectively. The total revenue earned during the year was $40,000, and the expenses incurred during the period was $35,000. The cash dividend paid during the year is a. $5,000 b. $6,000 c. $3,000 d. $4,000 Next p

ccounting | Spring 2023 uiz Course Home - kar X K Chapter 9 Quiz OA. $18,200 OB. $18,800 OC. $17,500 O D. $20,300 mylab.pearson.com Question 5 of 10 X G At year-end, Snow 0 4 kara harper 04/09/23 10:36 AM This quiz: 10 point(s) possible This question: 1 point(s) possible ? Submit quiz Buddy Company uses the allowance method to account for uncollectible receivables. At the beginning of the year, Allowance for Bad Debts had a credit balance of $800. During the year Buddy wrote off uncollectible receivables of $2,100. Buddy recorded Bad Debts Expense of $2,800. Buddy's year-end balance in Allowance for Bad Debts is $1,500. Buddy's ending balance of Accounts Receivable is $20,300. Compute the net realizable value of Accounts Receivable at year-end.

ACCT2401Instructions for CompletingComprehensive ProblemThe comprehensive problem provides an illustration of the basic accounting cycle. Studentsmust complete the following items for the first month of operation (January) and the secondmonth of operations (February). Hint: Complete all items listed below (#1-#11) for Januaryprior to starting February.1. Record transactions with journal entries in the General Journal.2. Post journal entries to the General Ledger.3. Prepare the trial balance before adjustment (on the worksheet).4. Prepare the adjusting journal entries.5. Post the adjusting entries to the General Ledger.6. Prepare the adjusted trial balance (on the worksheet).7. Complete the worksheet.8. Prepare closing journal entries.9. Post the closing entries to the General Ledger.10. Prepare the post-closing trial balance.11. Prepare the following financial statements:

please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer in proper format with all workings

General Accounting I 2020-2021 Fall Term Final Exam (page 18 of 25)-Google Chrome a.tr/mod/quiz/attempt.php?attempt=361811&cmid=180187&page=17 MSKÜ-LMS 1807 ŞB: 1 ÖRGÜN General Accounting I İktisadi ve Idari Bilimler Fakültesi İktisa 8 A credit sale of $3,600 is made on July 15, terms 2/10, n/30, on which a return of $200 is granted on July 18. What amount is received as payment in full on July 247 Tanmadi O a. $3.332 izerinden tlenmiş O b. $3,600 oruyu etle OC $3.528 O d. $3,400 Önceki sayfa

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answer completely and correctly in text form with explanation , narration , computation , steps attempt if 100% sure otherwise skip i need complete and correct

Spring 2021 Final Exam(2) Saved to this PC - Sareh ferences Mailings Review View Help AaBbCcD AaBbCcDc AaBbC AaBbCcC AaB I Normal T No Spac. Heading 1 Heading 2 Title Paragraph Styles 9-EZ Way has a market value equal to its book value. Currently, the firm has excess cash of $9000, other assets of $30,000 and equity of $15,000. The firm has 1,200 shares outstanding and net income of $1000.EZ Way has decided to spend one-third of its excess cash on a share repurchase program. How many shares of stock will be outstanding after the stock repurchase is completed? 10-What is the approximate yield to maturity for the following bonds? Assume these are bonds issued in the United States. a.5 years to maturity, 6 percent coupon rate, current price is $950. b.10 years to maturity, 0 percent coupon rate, current price is $339. c. 15 years to maturity, 8 percent coupon rate, current price is $1030. 11- A firm has only $10,000 to invest and must choose between two projects. Project A returns $12,400…

1 SSO: Texas A&M University San Antonio 110 M Question 6 - Week 13 - Homework #8 (100 points) - Connect Week 13 - Homework #8 (100 points) i ezto.mheducation.com b My Questions | bartleby Saved 6 The December 31, 2024, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. 15 points Skipped eBook 101 Hint Print References Mc Graw Hill Cash Accounts Accounts Receivable Prepaid Rent Supplies Land Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Utilities Expense Interest Expense Totals Required: Debit $12,000 Credit 150,000 6,000 30,000 265,000 $12,000 11,000 5,000 40,000 300,000 60,000 500,000 400,000 20,000 40,000 5,000 $928,000 $928,000 1. Prepare an income statement for the year ended December 31, 2024. 2. Prepare a statement of stockholders' equity for the year ended December 31, 2024, assuming no common stock was issued during 2024. 3. Prepare a…

How to make journal entry about this.

mpsLk THE T-ACCO DRILL 1 006o or doles llid bovlooa y0 M 08 LESSON 4-3 Journalize the following transactions of Till A Lok Consultancy for the month of January: Fn 2018 upe bem Lesson Objective Jan. 1 Mr. Lok deposited P 880,000 in the account of the company. He also invested a computer valued at P67,000. • analyze transactions with the use Consultancy services rendered to Mongolia Corp. on account, P75,000 3 Bought P700,000 worth of transportation equipment from Mitsubishi on account wios Consultancy services rendered to various clients for cash, P190,000 USE OF T-ACCOUNTS 7 15 Consultancy services rendered to Codak Co. on account, P32,000 An account is a form of record that specific accounting value. The simplest accounting equation resembles the capit the effect of a transaction in the assets, E 16 Paid Mitsubishi Motors in full nibnotebnU TUOY leeT 18 Collected P15,000 from Codak Co. 20 Received water bill, P980 4.000 26 Paid electricity for the month, P2,540 The three elements of…

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A ezto.mheducation.com M Question 18 - Midterm 1- Connect b Accounting Question | bartleby Bb Announcements - 2021 Spring Term (1) Principles of .. Midterm 1 Saved Help Save & Exit Submit 18 Torrid Romance Publishers has total receivables of $2,800, which represents 20 days' sales. Total assets are $73,000. The firm's operating profit margin is 5.9%. Find the firm's ROA and asset turnover ratio. (Use 365 days in a year. Do not round intermediate calculations. Round your final answers to 2 decimal places.) X 01:45:00 Asset turnover ratio ROA % Mc Graw Hill Education

ווח M Question 11 - Week 11 - Homework #7 (100 points) - Connect Week 11 - Homework #7 (100 points) i 11 ezto.mheducation.com b) Success Confirmation of Question Submission | bartleby Saved Help Save & Exit Submit 00 8 points A company pays its employees $5,600 every two weeks ($400/day). The current two-week pay period ends on December 26, 2024, and employees are paid $5,600. The next two-week pay period ends on January 9, 2025, and employees will be paid $5,600. Record the adjusting entry on December 31, 2024. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) eBook Print References Mc Graw Hill View transaction list Journal entry worksheet 1 Record the adjusting entry on December 31, 2024. Note: Enter debits before credits. Date December 31, 2024 General Journal Debit Credit Record entry Clear entry View general journal Check my work 10 0 C

Course Material: Introduction to Accounting Financial Statements, Income Statements Your company has the following balance sheet (3 full- time, 4 part-time workers) Construct a NEW balance sheet and income statement Balance Sheet should show totals for current, long- term and total assets and liabilities & equity Current Month Balance Sheet: table[[Assets:], [Cash, $, 550.00). (Supplies Inventory.S 320.00], [Total Current Assets, 5, 870.00]] table[[Fixed Assets,5, 3, 200.00