Problem 4-3A (Part Level Submission)The Moto Hotel opened for business on May 1, 2017. Here is its trial balance before adjustment on May 31.MOTO HOTELTrial BalanceMay 31, 2017DebitCreditCash $ 2,333Supplies 2,600Prepaid Insurance 1,800Land 14,833Buildings 71,200Equipment 16,800Accounts Payable $ 4,533Unearned Rent Revenue 3,300Mortgage Payable 37,200Common Stock 59,833Rent Revenue 9,000Salaries and Wages Expense 3,000Utilities Expense 800Advertising Expense500$113,866$113,866Other data:1. Insurance expires at the rate of $450 per month.2. A count of supplies shows $1,100 of unused supplies on May 31.3. (a) Annual depreciation is $3,000 on the building.(b) Annual depreciation is $2,400 on equipment.4. The mortgage interest rate is 6%. (The mortgage was taken out on May 1.)5. Unearned rent of $2,660 has been earned.6. Salaries of $740 are accrued and unpaid at May 31.

CengageNOWv2 |Online teachin X * CengageNOWv2 | Online teachin x+ ow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker3&takeAssignmentSessionLocator=&inprogre... * еВook Show Me How Staley Inc. reported the following data: Net income $406,700 Depreciation expense 60,700 Loss on disposal of equipment 39,500 Increase in accounts receivable 26,800 Increase in accounts payable 11,100 Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method. Use t out flows, cash payments, decreases in cash, or any negative adjustments. Staley Inc. Statement of Cash Flows (partial) Cash flows from operating activities: Net income 406,700 Adjustments to reconcile net income to net cash flow from operating activities: Depreciation 60,700 Loss on disposal of equipment 39,500 Changes in current operating assets and liabilities: Increase in accounts receivable 26,800 x Increase in accounts payable 11,100 Net cash flow from operating activities 491,200…

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11:37 AM ... alll 4G 26% Vo) e Assignment 2.docx 6. Submission: The last day for submission of this assignment is October 12th, 2021. Please save the document for future clarification. Exercise 1 1. The Creative Electronics Company shows the following selected adjusted account balances as at December 31, 2020: 11 Accounts Payable 2.0 00 15 Salaries Payable 3,0 00 Accumulated 40, Depreciation, Equipment 00 Estimated Warranty Liability 35, 00 29 Mortgage Payable 2.0 00 Notes Payable, 6 months 38, 00 Required: Prepare the current liability section of Creative's balance sheet. $52,000 in principal is due during 2021 regarding the mortgage payable. 2. On January 2, 2020, the Casual Elite Co. acquired land to build a distribution centre by issuing a 6%, three-year note for $200,000. The note will be paid in three annual payments of $74,822 each December 31. The payment schedule follows: Annual Principal Principal Portion of Interest Ye Paymen Portion of Balance at Year- Payment IS ar Payment…

STATEMENT OF FINANCIAL POSITION AS AT DECEMBER 31 All answers round to two decimal places except (c) & (e), eg 54.544 input as 54.54, 54.545 input as 54.55 2019 2018 2017 2$ $ $ 2019 2018 times Plant and equipment (net) 500,000 466,000 440,000 a)Current ratio 5.11 times times times Intangible Assets 580,000 480,000 412,000 b) Acid Test Ratio times times Short Term Investments 56,000 140,000 97,200 b)lnventory Turnover Prepaid Insurance (less than 12 months) 4,000 4,000 3,800 c)Average days to sell inventory 100 Days Days (Round to days, no decimal place required) Inventory 126,000 119,000 79,000 d)Accounts Receivable turnover times times (Assume all the sale are credit sales) Accounts receivables (net) 54,000 48,000 60,000 e) Average Collection Period Days Days (Round to days, no decimal place required) % Cash 220,000 144,000 122,000 f)Profit Margin 1,540,000 1,401,000 1,214,000 g)Return on Assets times times h)Asset Turnover % Accounts Payable 80,000 100,000 100,000 i) Return on…

Trial Balance as at 30 September 2021     Dr Cr   $ $ Equity   2,300,000 Sales   4,281,923 Purchases 1,893,612   Carriage Outwards 43,000   Drawings 15,000   Rent & Rates 96,000   Stationery 25,962   Advertising 100,000   Salaries & Wages 325,711   Returns 5,296 3,481 Bad Debts 33,250   Rent Receivables   100,000 Provision for Depreciation            -Building   390,000        -Motor Vehicle   160,000        -Equipment   450,000 Carriage Inwards 56,009   Bank   25,000 Inventory, 1 October 2017 120,000   Equipment – at cost 1,500,000   Building – at cost 2,600,000   Motor Vehicle – at cost 800,000   Land 1,500,000   Commission Receivable   6,200 Discounts 12,693 32,158 Trade receivables 298,730   Trade payables   226,501 Cash 50,000…