1 From the following prepare a Receipts and Payments A/c Rs. Cash in Hand Cash at Bank Subscription received Donation received Investments purchased 1,000 Rent paid General expenses Postage & Stationery 100 150 3,390 260 400 210 70
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- What is journal entry for .Accrued service income, Rs 30000Accrued but unrecorded admissions revenue earned as of December 31, 2020 amount to $400. Show calculations where necessary. Calculations: Date Debit Credit Db CrTitle Verne Cova Company has the following balances in selected accounts on December 31, 2014.Accounts Rec Description Verne Cova Company has the following balances in selected accounts on December 31, 2014.Accounts Receivable$ 0Accumulated DepreciationâEquipment0Equipment6,606Interest Payable0Notes Payable10,213Prepaid Insurance2,220Salaries and Wages Payable0Supplies2,318Unearned Service Revenue41,421All the accounts have normal balances. The information below has been gathered at December 31, 2014.1.Verne Cova Company borrowed $9,950 by signing a 12%, one-year note on September 1, 2014.2.A count of supplies on December 31, 2014, indicates that supplies of $881 are on hand.3.Depreciation on the equipment for 2014 is $1,942.4.Verne Cova Company paid $2,220 for 12 months of insurance coverage on June 1, 2014.5.On December 1, 2014, Verne Cova collected $28,400 for consulting services to be performed from December 1, 2014, through March 31, 2015.6.Verne Cova performed…
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- Income StatementThe revenues and expenses of Sentinel Travel Service for the year ended August 31, 2019, follow:Fees earned$958,865Office expense220,540Miscellaneous expense19,175Wages expense460,255 Prepare an income statement for the year ended August 31, 2019.Sentinel Travel ServiceIncome StatementFor the Year Ended August 31, 2019 $Expenses: $ Total expenses $please prepare a classified balance sheet of Freight company for the year ended december 31,2022Prepare adjusting entries and post revenues and expenses in ledger in 31/12/2019.
- a) Journalize the transactions (Use periodic system) b) Statement of Profit and Loss for the month ended 29 February 2020.Complete requirement 1 by using data tables . P.S The balance sheet is May 31, 2020 The choices of "Accounts" Column are showed in second pictureUsing the ledger bal & addtl data given, do the following for Callahan Lumber for the yr ended December 31, 2019: Account Balances for Callahan Lumber Account No. 110 Cash $1,140 111 Accounts Receivable 1,270 112 Merch Inv 5,600 113 Lumber Supplies 260 114 Prepaid Insurance 117 121 Lumber Equip 2,600 122 Accu Depreciation, Lumber Equip 340 220 Accs Payable 1,330 221 Wages Payable - 330 L. Callahan, Cap 7,562 331 L. Callahan, Withdrawals 3,500 332 Income Summary - 440 Sales 23,000 441 Sales Returns and Allowances 400 550 Cost of Goods Sold 13,175 660 Wages Exp 2,390 661 Advertising Exp 940 662 Rent Exp840 663 Dep Exp, Lumber Equip - 664 Lumber Supplies Exp- 665 Ins Exp - Addtl Data a. Physical count of inv, Dec 31 $4,700 b. Lumber supp on hand, Dec 31 80 c. Insurance expd 70 d. Dep for the yr 460 e. Accrued wages on Dec 31 165 d. Prepare a post-closing trial balance. e. Journalize the reversing entry for…