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- Cajegas Trucking ServicesTrial BalanceJune 30, 2021Debit CreditCash in Bank P 1,020,000Petty Cash Fund 1,000Accounts Receivable 120,000Est. Uncollectible Account P 1,200Unused Supplies 15,000Prepaid Insurance 8,500Prepaid Rent 30,000Delivery Truck 1,500,000Acc. Depreciation – Delivery Truck 250,000Accounts Payable 130,000P. Cagejas, Capital 1,818,500P. Cagejas, Drawings 50,000Trucking Income 935,000Taxes and Licences 10,000Repairs and Maintenance 27,000Retainer Fees 25,000Salaries and Wages 320,000Utilities Expense 8,200Total P 3,134,700 P 3,134,700Additional Information1. Provision for Uncollectible Account should be at 2% of the outstanding receivable account.2. Supplies actually on hand, P5,000.3. Of the Prepaid Insurance, P6,200 has actually expired.4. P18,000 of the Prepaid Rental has expired.5. Depreciation Expense for the period is P105,000.Required:a. An 8-column worksheetb. Balance Sheetc. Income Statementd. Statement of Changes in Owner’s EquityFor the university football program's Unearned Season Tickets account, list the debits and credits for each amount posted to the account and briefly describe each transaction. ACCOUNT Unearned Season Tickets ACCOUNT NO. 214 Balance Date Item Post. Ref. Debit Credit Debit Credit 20 -- Jan. 1 Balance ✔ 19 2 0 0 00 Oct. 15 J42 28 6 7 0 00 47 8 7 0 00 Nov. 1 J43 46 2 0 0 00 94 0 7 0 00 Dec. 31 Adj. J52 45 3 1 2 00 48 7 5 8 00 1. Recorded sales for season’s ticket.2. Record the adjusting entry for the seasons tickets.3. Record the entry for season’s tickets cancelled. options(choose one): 1 and 2 1 and 3 2 and 3Please provide journal entries for the below situation, including payment of bill. 01/01/2022 Security Deposit for Utilities Bill Paid : $39030/01/2023 Partial Refund of Deposit : $160 Utilities Bill for January 2023 dated 30/01/23Electricity Charges : $143.22Less: Deposit Refund : -$160Sub-total : -$5.31Tax @ 8% : $11.46Total Amount Payable: $6.15
- QUESTION 1 The trial balance of The Parker Exclusive Mens Clubs at 31th May 2020 is as follows GHSAccumulated fund (1/06/2019)23364000Massage Palour inventory at beginning (1/06/2019)4455000Massage Palour Purchases8382000Building (Cost)21153000Equipment (Cost)2640000Furniture and fittings (Cost)1650000Subscriptions1980000Affiliation Fees247500Savings Account5610000Venue of the "Weekend in Paradise Trip" 115500Executive Mens Club Entrance fees198000Massuer's Wages and Salaries825000Accumulated Depreciation Building 8461200Equipment 660000Furniture and Fittings 165000Salaries792000Rent 316800"Weekend in Paradise Trip" expenses198000Administrative expenses574200Interest on Savings account313500Sale of "Weekend in Paradise Trip" tickets2508000Bank account (Current)4125000Donation for "Weekend in Paradise Trip"610500Revenue from Massage Palour12540000Life membership fees610500Utilities326700102821400Additional Information1. Massage Palour inventory (31st May 2020)8910002. Subscription paid…On 20 December 2021, Africa Traders did an electronic funds transfer payment of R300 000 for the monthly salaries. Africa Traders is not a registered VAT vendor. Which account will be debited, and which account will be credited in the general ledger of Africa Traders? Select one: a. Dr Salaries Cr 2021 R 2021 R Dec Dec 20 Bank 300 000 Dr Bank Cr 2021 2021 R Dec 20 Salaries 300 000 Dec b. Dr Salaries Cr 2021 R 2021 R Dec 20 Bank 300 000 Dec Dr Bank Cr 2021 2021 R Dec Dec 20 Salaries 300 000 c. Dr Salaries Cr 2021 R 2021 R Dec Dec 20 Trade payables 300 000 Dr Trade payables Cr 2021…CODE AND NAME OF THE ACCOUNT WILL RECEIVE DEBT 100 01 TL Case 23000 100 02 Dollars Case 23000B) CODE AND NAME OF THE ACCOUNT WILL RECEIVE DEBT 102 02 X Bank DTH Hes 23000 100 01 TL Case 23000C) CODE AND NAME OF THE ACCOUNT WILL RECEIVE DEBT 100 02 Dollars Case 23000 100 01 TL Case 23000D) THE CODE AND NAME OF THE ACCOUNT WILL RECEIVE DEBT 100 03 Case of Euro 5000 100 01 TL Case 5000E) CODE AND NAME OF THE ACCOUNT WILL RECEIVE DEBT 100 02 Dollars Case 5000 100 01 TL Case 5000
- Open the file MASTER from the website for this book at cengagebrain.com. Enter all the formulas where indicated on the worksheet. Check to be sure that your balance sheet balances. Enter your name in cell A1. Save the completed file as MASTER2. Print the worksheet when done. Also print your formulas using fit-to-1 page scaling. Check figures: Borrowing (cell B78), $7,280; forecasted net income (cell D95), $40,200; total assets (cell D105), $507,600.Writeupatwo-columncashbookforasecondhandbookshopfromthefollowingduringthemonthofNovember2020.1stBalancebroughtforwardfromlastmonth:cash¢2950;bank¢4,2402ndCashsales¢3,1003rdTook¢2,000outofthecashtillandpaiditintothebank4thF.Bellpaidusbycheque¢1945thPaidforpostagestampsincash¢806thBoughtofficeequipmentbycheque¢3107thPaidL.Rootbycheque¢94011thWithdrew¢1,500fromthebankforbusinessuse12thPaidwagesincash¢40013thCashsales¢43014thPaidmotorexpensesbycheque¢81016thJ.Bulllentus¢1,500incash20thK.Brownpaidusbycheque¢17428thPaidgeneralexpensesincash¢35030thPaidinsurancebycheque¢320Lucky House Ltd Trial Balance As at 30 September 2020 Account Debit(£) Credit(£)Cash at Bank 5,850Capital Account 15,000Machine 8,100Raw Materials 2,655Stationery 250Accounts Payable 6,545Rent 950Business Insurance 38Prepayments 1,362Sales Income 17,550Cost of Goods Sold 11,345Accounts Receivable 4,500Drawings 4,000Telephone 45Depreciation 135Accumulated Depreciation 135 Total 39,230 39,230 Prepare a statement of cash flow ?
- Lucky House Ltd Trial Balance As at 30 September 2020 Account Debit(£) Credit(£)Cash at Bank 5,850Capital Account 15,000Machine 8,100Raw Materials 2,655Stationery 250Accounts Payable 6,545Rent 950Business Insurance 38Prepayments 1,362Sales Income 17,550Cost of Goods Sold 11,345Accounts Receivable 4,500Drawings 4,000Telephone 45Depreciation 135Accumulated Depreciation 135 Total 39,230 39,230 Prepare a Statement of Profit & Loss and Statement of…10 Ji Lui’s statement of financial position was prepared on 31 December 2018. It showed the followingassets and liabilities:$Machinery 7200Trade receivables 800Inventory 1300Other payables 830Creditors 510Cash 180Bank (debit balance) 250a Calculate Ji Lui’s owner’s equity on 31 December 2018. [2 marks]........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................On 1 January 2019, the following transactions took place:i) Ji Lui paid salaries for December 2018 in cash $319.ii) Ji Lui took cash $89 for her own personal…Kelly Jones and Tami Crawford borrowed $30,000 on a 7-month, 9% note from Gem State Bank to open their business, Crane’s Coffee House. The money was borrowed on June 1, 2022, and the note matures January 1, 2023. Correct answer iconYour answer is correct. Prepare the entry to record the receipt of the funds from the loan. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit June 1 enter an account title to record the receipt of the funds from the loan on June 1 enter a debit amount enter a credit amount enter an account title to record the receipt of the funds from the loan on June 1 enter a debit amount enter a credit amount eTextbook and Media List of Accounts Partially correct answer iconYour answer is partially correct. Prepare the entry to accrue the interest on June 30. (Credit account titles…
