Can I get requirement C and D answered please from the attached picture Ready Hospital SuppliesTrial Balance as at June 30, 2020Dr $Cr $127,000151,000CashAccounts ReceivableAllowance for Bad-Debts12,500Merchandise InventoryStore SuppliesPrepaid InsurancePrepaid Rent187,50058,00072,00056,000800,000Furniture & FixturesAccumulated Depreciation: Furniture & FixturesComputer EquipmentAccumulated Depreciation: Computer EquipmentAccounts PayableSalaries PayableInterest Payable256,000450,000133,50027,00082,000360,000898,500Unearned Sales RevenueLong-Term LoanEva Ready, CapitalEva Ready, Withdrawals104,000Sales Revenue1,043,000Sales Discount7,0005,500403,000165,000Sales Returns & AllowancesCost of Goods SoldSalaries ExpenseInsurance ExpenseUtilities ExpenseRent ExpenseDepreciation Expense - Furniture & FixturesDepreciation Expense – Computer EquipmentStore Supplies ExpenseGain on Disposal of Old Computer EquipmentBad-Debt ExpenseInterest Expense87,500126,00014,00027,000Total2,826,5002,826,500ACCT1002 – Introduction to Financial Accounting Assignment # 2Page | 3The following additional information is available at June 30, 2020:(i) Store Supplies on hand at June 30, 2020 amounted to $25,000.(ii) Insurance of $72,000 was paid on May 1, 2020 for the 6-months to October 31, 2020(iii)Rent was paid on March 31, 2020 for the 4-months to July 31, 2020.(iv)The furniture and fixtures have an estimated useful life of 10 years and is being depreciated onthe straight-line method down to a residual value of $160,000.(v) The computer equipment was acquired on March 31, 2020 and is being depreciatedover 5 years on the double-declining balance method of depreciation, down toa residue of $30,000(vi)Salaries earned by employees not yet paid amounted to $14,000 at June 30, 2020.(vii)Accrued interest expense as of June 30, 2020, $9,000.(viii) At June 30, 2020, $48,000 of the previously unearned sales revenue had been earned(ix)The aging of the Accounts Receivable schedule at June 30, 2020 indicated that theAllowance for Bad Debts should be $19,500(x) After making all other adjustments, a physical count of inventory was done, whichreveals that there was $186,000 worth of inventory on hand at June 30,2020Other data:(xi)The business is expected to make principal payments totalling $90,000 towards theloan during the fiscal year to June 30 ,2021 Required:a) Prepare the necessary adjusting journal entries on June 30, 2020.[Narrations are not required]b) Prepare the Adjusted Trial balance for the period ending June 30, 2020.c) Using the Adjusted trial balance, generate the statements requested by MNB, i.e.A Multiple-step income statement & a Statement of owner's equity for theyear ended June 30, 2020d) A Classified balance sheet, in report format, at June 30, 2020.

Multi-step income statement - It is an income statement that divides total sales value and costs…

Ready Hospital Supplies Trial Balance as at June 30, 2020 Dr $ Cr $ Cash 127,000 151,000 Accounts Receivable Allowance for Bad-Debts 12,500 Merchandise Inventory Store Supplies Prepaid Insurance Prepaid Rent 187,500 58,000 72,000 56,000 800,000 Furniture & Fixtures Accumulated Depreciation: Furniture & Fixtures Computer Equipment Accumulated Depreciation: Computer Equipment Accounts Payable Salaries Payable Interest Payable 256,000 450,000 133,500 27,000 Unearned Sales Revenue 82,000 Long-Term Loan Eva Ready, Capital Eva Ready, Withdrawals 360,000 898,500 104,000 Sales Revenue 1,043,000 Sales Discount 7,000 5,500 403,000 165,000 Sales Returns & Allowances Cost of Goods Sold Salaries Expense Insurance Expense Utilities Expense Rent Expense Depreciation Expense – Furniture & Fixtures Depreciation Expense – Computer Equipment Store Supplies Expense Gain on Disposal of Old Computer Equipment Bad-Debt Expense Interest Expense 87,500 126,000 14,000 27,000 2,826,500 Total 2,826,500

Ready Hospital Supplies Trial Balance as at June 30, 2020 Dr $ Cr $ Cash 127,000 151,000 Accounts Receivable Allowance for Bad-Debts 12,500 Merchandise Inventory Store Supplies Prepaid Insurance Prepaid Rent 187,500 58,000 72,000 56,000 800,000 Furniture & Fixtures Accumulated Depreciation: Furniture & Fixtures Computer Equipment Accumulated Depreciation: Computer Equipment Accounts Payable Salaries Payable Interest Payable 256,000 450,000 133,500 27,000 Unearned Sales Revenue 82,000 Long-Term Loan Eva Ready, Capital Eva Ready, Withdrawals 360,000 898,500 104,000 Sales Revenue 1,043,000 Sales Discount 7,000 5,500 403,000 165,000 Sales Returns & Allowances Cost of Goods Sold Salaries Expense Insurance Expense Utilities Expense Rent Expense Depreciation Expense – Furniture & Fixtures Depreciation Expense – Computer Equipment Store Supplies Expense Gain on Disposal of Old Computer Equipment Bad-Debt Expense Interest Expense 87,500 126,000 14,000 27,000 2,826,500 Total 2,826,500

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter12: Intangibles

Section: Chapter Questions

Problem 2MC

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Ready Hospital Supplies Trial Balance as at June 30, 2020     Dr $       Cr $ Cash 127,000 Accounts Receivable 151,000 Allowance for Bad-Debts 12,500 Merchandise Inventory 187,500 Store Supplies 58,000 Prepaid Insurance 72,000 Prepaid Rent 56,000 Furniture & Fixtures 800,000 Accumulated Depreciation: Furniture & Fixtures 256,000 Computer Equipment 450,000 Accumulated Depreciation: Computer Equipment Accounts Payable 133,500 Salaries Payable Interest Payable 27,000 Unearned Sales Revenue 82,000 Long-Term Loan 360,000 Eva Ready, Capital 898,500 Eva Ready, Withdrawals 104,000 Sales Revenue 1,043,000 Sales Discount 7,000 Sales Returns & Allowances 5,500 Cost of Goods Sold 403,000 Salaries Expense 165,000 Insurance Expense…
Ready Hospital Supplies Trial Balance as at June 30, 2020     Dr $       Cr $ Cash 127,000 Accounts Receivable 151,000 Allowance for Bad-Debts 12,500 Merchandise Inventory 187,500 Store Supplies 58,000 Prepaid Insurance 72,000 Prepaid Rent 56,000 Furniture & Fixtures 800,000 Accumulated Depreciation: Furniture & Fixtures 256,000 Computer Equipment 450,000 Accumulated Depreciation: Computer Equipment Accounts Payable 133,500 Salaries Payable Interest Payable 27,000 Unearned Sales Revenue 82,000 Long-Term Loan 360,000 Eva Ready, Capital 898,500 Eva Ready, Withdrawals 104,000 Sales Revenue 1,043,000 Sales Discount 7,000 Sales Returns & Allowances 5,500 Cost of Goods Sold 403,000 Salaries Expense 165,000 Insurance Expense…
Ready Hospital Supplies Trial Balance as at June 30, 2020     Dr $       Cr $ Cash 127,000 Accounts Receivable 151,000 Allowance for Bad-Debts 12,500 Merchandise Inventory 187,500 Store Supplies 58,000 Prepaid Insurance 72,000 Prepaid Rent 56,000 Furniture & Fixtures 800,000 Accumulated Depreciation: Furniture & Fixtures 256,000 Computer Equipment 450,000 Accumulated Depreciation: Computer Equipment Accounts Payable 133,500 Salaries Payable Interest Payable 27,000 Unearned Sales Revenue 82,000 Long-Term Loan 360,000 Eva Ready, Capital 898,500 Eva Ready, Withdrawals 104,000 Sales Revenue 1,043,000 Sales Discount 7,000 Sales Returns & Allowances 5,500 Cost of Goods Sold 403,000 Salaries Expense 165,000 Insurance Expense…
Ready Hospital Supplies Trial Balance as at June 30, 2020     Dr $       Cr $ Cash 127,000 Accounts Receivable 151,000 Allowance for Bad-Debts 12,500 Merchandise Inventory 187,500 Store Supplies 58,000 Prepaid Insurance 72,000 Prepaid Rent 56,000 Furniture & Fixtures 800,000 Accumulated Depreciation: Furniture & Fixtures 256,000 Computer Equipment 450,000 Accumulated Depreciation: Computer Equipment Accounts Payable 133,500 Salaries Payable Interest Payable 27,000 Unearned Sales Revenue 82,000 Long-Term Loan 360,000 Eva Ready, Capital 898,500 Eva Ready, Withdrawals 104,000 Sales Revenue 1,043,000 Sales Discount 7,000 Sales Returns & Allowances 5,500 Cost of Goods Sold 403,000 Salaries Expense 165,000 Insurance Expense…
Ready Hospital Supplies Trial Balance as at June 30, 2020     Dr $       Cr $ Cash 127,000 Accounts Receivable 151,000 Allowance for Bad-Debts 12,500 Merchandise Inventory 187,500 Store Supplies 58,000 Prepaid Insurance 72,000 Prepaid Rent 56,000 Furniture & Fixtures 800,000 Accumulated Depreciation: Furniture & Fixtures 256,000 Computer Equipment 450,000 Accumulated Depreciation: Computer Equipment Accounts Payable 133,500 Salaries Payable Interest Payable 27,000 Unearned Sales Revenue 82,000 Long-Term Loan 360,000 Eva Ready, Capital 898,500 Eva Ready, Withdrawals 104,000 Sales Revenue 1,043,000 Sales Discount 7,000 Sales Returns & Allowances 5,500 Cost of Goods Sold 403,000 Salaries Expense 165,000 Insurance Expense…
Ready Hospital Supplies Trial Balance as at June 30, 2020     Dr $       Cr $ Cash 127,000 Accounts Receivable 151,000 Allowance for Bad-Debts 12,500 Merchandise Inventory 187,500 Store Supplies 58,000 Prepaid Insurance 72,000 Prepaid Rent 56,000 Furniture & Fixtures 800,000 Accumulated Depreciation: Furniture & Fixtures 256,000 Computer Equipment 450,000 Accumulated Depreciation: Computer Equipment Accounts Payable 133,500 Salaries Payable Interest Payable 27,000 Unearned Sales Revenue 82,000 Long-Term Loan 360,000 Eva Ready, Capital 898,500 Eva Ready, Withdrawals 104,000 Sales Revenue 1,043,000 Sales Discount 7,000 Sales Returns & Allowances 5,500 Cost of Goods Sold 403,000 Salaries Expense 165,000 Insurance Expense…
Ready Hospital Supplies Trial Balance as at June 30, 2020     Dr $       Cr $ Cash 127,000 Accounts Receivable 151,000 Allowance for Bad-Debts 12,500 Merchandise Inventory 187,500 Store Supplies 58,000 Prepaid Insurance 72,000 Prepaid Rent 56,000 Furniture & Fixtures 800,000 Accumulated Depreciation: Furniture & Fixtures 256,000 Computer Equipment 450,000 Accumulated Depreciation: Computer Equipment Accounts Payable 133,500 Salaries Payable Interest Payable 27,000 Unearned Sales Revenue 82,000 Long-Term Loan 360,000 Eva Ready, Capital 898,500 Eva Ready, Withdrawals 104,000 Sales Revenue 1,043,000 Sales Discount 7,000 Sales Returns & Allowances 5,500 Cost of Goods Sold 403,000 Salaries Expense 165,000 Insurance Expense…
Ready Hospital Supplies Trial Balance as at June 30, 2020     Dr $       Cr $ Cash 127,000 Accounts Receivable 151,000 Allowance for Bad-Debts 12,500 Merchandise Inventory 187,500 Store Supplies 58,000 Prepaid Insurance 72,000 Prepaid Rent 56,000 Furniture & Fixtures 800,000 Accumulated Depreciation: Furniture & Fixtures 256,000 Computer Equipment 450,000 Accumulated Depreciation: Computer Equipment Accounts Payable 133,500 Salaries Payable Interest Payable 27,000 Unearned Sales Revenue 82,000 Long-Term Loan 360,000 Eva Ready, Capital 898,500 Eva Ready, Withdrawals 104,000 Sales Revenue 1,043,000 Sales Discount 7,000 Sales Returns & Allowances 5,500 Cost of Goods Sold 403,000 Salaries Expense 165,000 Insurance Expense…
Ready Hospital Supplies Trial Balance as at June 30, 2020     Dr $       Cr $ Cash 127,000 Accounts Receivable 151,000 Allowance for Bad-Debts 12,500 Merchandise Inventory 187,500 Store Supplies 58,000 Prepaid Insurance 72,000 Prepaid Rent 56,000 Furniture & Fixtures 800,000 Accumulated Depreciation: Furniture & Fixtures 256,000 Computer Equipment 450,000 Accumulated Depreciation: Computer Equipment Accounts Payable 133,500 Salaries Payable Interest Payable 27,000 Unearned Sales Revenue 82,000 Long-Term Loan 360,000 Eva Ready, Capital 898,500 Eva Ready, Withdrawals 104,000 Sales Revenue 1,043,000 Sales Discount 7,000 Sales Returns & Allowances 5,500 Cost of Goods Sold 403,000 Salaries Expense 165,000 Insurance Expense…
Prepare A Classified balance sheet, in report format, at June 30, 2020. READY HOSPITAL SUPPLIES ADJUSTED TRIAL BALANCE AS AT JUNE 30, 2020 ACCOUNT DEBIT CREDIT 1 Cash 127,000 2 A/c receivables 151,000 3 Allowance for bad debt 19,500 4 Prepaid insurance 48,000 5 Merchandise inventory 186,000 6 Store supplies 25,000 7 Prepaid rent 14,000 8 Furniture and fixtures 800,000 9 Accumulated depreciation-furniture & fixtures 320,000 10 Computer equipment 450,000 11 Accumulated depreciation-computer equipment 21,000 12 Interest payable 36,000 13 Accounts payable 133,500 14 Salaries payable 14,000 15 Unearned sales revenue 34,000 16 Portion of loan 90,000 17 Long term loan 270,000 18 Eva Ready Capital 898,500 19 Eva Ready Withdrawals 104,000 20 Sales revenue 1,091,000 21 Gain on computer equipment 14,000 22 Interest expense 36,000 23 Sales discount 7,000 24 Insurance expense 24,000 25…
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…
The following is the pre-closing trial balance for Christina Rehabilitation Hospital as of September 30, 2020. CHRISTINA REHABILITATION HOSPITAL Preclosing Trial Balance September 30, 2020 (000s omitted) Debits Credits Cash and Cash Equivalents $ 50,235 Accounts Receivable 61,880 Allowance for Uncollectible Receivables $ 16,580 Inventory 8,440 Prepaid Expenses 6,640 Assets Limited as to Use—Investments 49,470 Investments 201,000 Pledges Receivable 3,850 Discount on Pledges Receivable 940 Land 7,610 Buildings 325,940 Accumulated Depreciation—Buildings 145,960 Equipment 262,160 Accumulated Depreciation—Equipment 119,540 Accounts Payable 20,760 Accrued Payables 26,820 Interest Payable…