The following information relates to Appleton Ltd for the year ended 30 June 2020. 1 Purchase Land for £40,000 2A loan for £30,000 was taken from the bank 3 Bought Inventory for E12,000 cash 4 Sold Inventory for £27,000 cash 5Purchase motor vehicle for £ 10,000 cash 6Paid interest expenses on loan £2,500 7 Paid HMRC £5,500 corporation tax 8New shares for £50,000 were issued 9Received interest £500 on cash balance 10Paid £7,0000 dividends to shareholders You are required to prepare a statement of cashflow for Appleton Ltdfor the period to 30 June 2020. You must classify the transactions under the main cashflow activities and state the net cash inflow/ outflow for the period.
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- Discuss how each of the following transactions for Watson, International, will affect assets, liabilities, and stockholders equity, and prove the companys accounts will still be in balance. A. An investor invests an additional $25,000 into a company receiving stock in exchange. B. Services are performed for customers for a total of $4,500. Sixty percent was paid in cash, and the remaining customers asked to be billed. C. An electric bill was received for $35. Payment is due in thirty days. D. Part-time workers earned $750 and were paid. E. The electric bill in C is paid.The following transactions are taken from Pak Maun Enterprise in November 2020: Nov 1 Starting business with cash in hand RM18,000 and cash in bank account RM100,000 3 Purchased office furniture worth RM24,000 from Kedai Perabot Dinesh 4 Purchased business inventories worth RM12,800 using cheque 5 Sold inventories worth RM6,000 to Kedai Mei Ling 7 Kedai Mei Ling returned defective inventories worth RM920 9 Withdrawal (business inventories) worth RM480 for family use 10 Received cheque from Kedai Mei Ling RM3,400 12 Purchased business inventories worth RM27,200 from Pembekal Syazwani 15 Returned business inventories worth RM560 to Pembekal Syazwani (wrong brand) 16 Cash sale RM2,400 20 Paid to Pembekal Syazwani using cheque RM14,000 22 Paid rental fee RM2,000 using cash 29 Paid workers’ salaries RM2,800 using cheque (i)Record the above transactions into the respective ledgers and balance the accounts.…2 On 1st January 2020 the balance of Mr. Asim is as follows: Assets Rs. Liabilities + O.E Rs. Cash 25,000 Creditors 40,000 Debtors of goods 17,000 Capital 94,000 Stock of goods 22,000 Building 70,000 Total 1,34,000 Total 1,34,000 Transactions during the month of January are as follows: Jan 01: Purchased goods for cash Rs. 4,000 subject to a trade discount of 10%. Jan 05: Sold goods for cash Rs. 12,000 costing Rs. 10,500. Jan 09: Cash paid to creditors Rs. 25,000. Jan 15: Goods sold for cash Rs. 5,000 and on account basis Rs. 3,000 costing Rs. 6,000. Jan 18: Goods returned by a customer Rs. 2,000 costing Rs. 1,900. Jan 24: Cash received from debtors Rs. 14,000. Jan 30: Depreciation on building Rs. 1,400. Required: Prepare a summary of transaction in an equation form. 8 3 The following transactions were completed by OMN Co., during the month of February 2020. February 01: Introduced cash as capital Rs. 1, 48, 000. February 04: Purchased goods o account from Noor…
- Below are the transaction for Sintokish Enterprise as October 2020: Oct 1 Contributed RM30,000 of cash and RM20,000 of equipment to start the business. Oct 3 Borrowed RM80,000 from the bank by signing a notes payable. Oct 15 Purchased a van by paying cash for RM75,000. Oct 17 Paid January rent of RM1,500 for the office space by credit. Oct 22 Performed services for customers and received cash immediately for RM20,000. Oct 23 Purchased RM600 in supplies on account. Oct 25 Performed services for customers and will collect next month of RM123,000 Oct 26 Withdrew of cash RM700 and equipment RM300. Oct 28 Paid RM1000 to the bank for notes payable. Oct 30 Paid half of amount for Oct 23 transaction. REQUIRED: Prepare the relevant journal entries to record the above transactions. Omit the explanations.Hi there can you assist on the following question below The following information was extracted from the records of Tshabalala Traders Ltd for year ended 31 December 2019 R Capital 1 January 2019 350 000 Drawings 20 000 Sales( 70% on credit) 950 000 Gross profit 250 000 Total expenses 80 000 Bank favourable 26 000 Net profit 74 000 Trade creditors 26 000 Property, plant and equipmrnt 350 000 fixed deposit 20 000 Inventory 72 000 Trade debtors 80 000 Mortgage loan 100 000 The opening balance of the inventory, debtors and creditors was , 50 000, 60 000 and 30 000 respectively. assume a 365 day year. Q.1.1 Calculate the following ratio and explain what each ratio means in relation to the industry avarage given in brackets . show your calculations 1.1.1 Net profit margin (10%) 1.1.2. Debt equity ratio (30%) 1.1.3 Average creditors settlement period (60 days) . assume purchases are equal to cost of sales and 60% of all purchases are on credit…Prepare the Trail Balance as at 31st March 2020 by using the following information of Capital (Pvt) Ltd. Particulars Amount (Rs) Bad debts 17,700 Bank Overdraft 543,200 Bank Interest 54,900 Building Insurance 15,000 Share Capital 2,178,450 Carriage Inwards 135,000 Commission 18,900 Commission Received 45,000 Accounts payable- Creditors 199,600 Discount received 73,000 Drawings 543,000 Electricity 67,000 Fixed deposits 250,000 Land and Building 1,600,000 Motor vehicle 1,900,000 Motor vehicle Insurance 73,500 Motor vehicle Maintenance 159,600 Provision for depreciation for motor Vehicles 01/4/2019 380,000 Provision for Doubtful debts 01/04/2019 10,800 Purchases 2,988,000 Other Expenses 21,350 Rates and taxes 9,600 Rent received 24,000 Salaries and wages 288,000 Sales…
- Fool’s Paradise Ltd had cash and cash equivalents at 1 January 2019 of $400,000. The transactions ofFool’s Paradise Ltd for the year to 31 December 2019 are as follows: Borrowed $850,000 with a 9-month loan payable Received $6,340,000 cash for customer accounts Sold for $360,000 cash a plant asset with a carrying amount of $180,000 Issued ordinary shares for $480,000 cash Purchased a plant asset for $650,000; $237,500 in cash and $412,500 in loan Exchanged 60,000 shares for land with a fair value of $1,000,000 Received a $350,000 dividend in cash Received $25,000 interest from term deposit Invested $500,000 cash on the short-term money market Paid fixed-term loan principal of $900,000 and interest of $90,000 Cash payments for supplier’s accounts $6,300,000 Dividend paid during the period $200,000 Wages expense shown in the income statement is $75,000. At the end of the year the balancesheet shows prepaid Wages expense of $65,000. There was a prepaid Wages expense of…Fool’s Paradise Ltd had cash and cash equivalents at 1 January 2019 of $400,000. The transactions ofFool’s Paradise Ltd for the year to 31 December 2019 are as follows: Borrowed $850,000 with a 9-month loan payable Received $6,340,000 cash for customer accounts Sold for $360,000 cash a plant asset with a carrying amount of $180,000 Issued ordinary shares for $480,000 cash Purchased a plant asset for $650,000; $237,500 in cash and $412,500 in loan Exchanged 60,000 shares for land with a fair value of $1,000,000 Received a $350,000 dividend in cash Received $25,000 interest from term deposit Invested $500,000 cash on the short-term money market Paid fixed-term loan principal of $900,000 and interest of $90,000 Cash payments for supplier’s accounts $6,300,000 Dividend paid during the period $200,000 Wages expense shown in the income statement is $75,000. At the end of the year the balance sheet shows prepaid Wages expense of…Fool’s Paradise Ltd had cash and cash equivalents at 1 January 2019 of $400,000. The transactions of Fool’s Paradise Ltd for the year to 31 December 2019 are as follows: Borrowed $850,000 with a 9-month loan payable Received $6,340,000 cash for customer accounts Sold for $360,000 cash a plant asset with a carrying amountof $180,000 Issued ordinary shares for $480,000 cash Purchased a plant asset for $650,000; $237,500 in cash and $412,500 in loan Exchanged 60,000 shares for land with a fair value of $1,000,000 Received a $350,000 dividend in cash Received $25,000 interest from term deposit Invested $500,000 cash on the short-term money market Paid fixed-term loan principal of $900,000 and interest of $90,000 Cash payments for supplier’s accounts $6,300,000 Dividend paid during the period $200,000 Wages expense shown in the income statement is $75,000. At the end of the year the balance sheet shows prepaid Wages expense of $65,000. There was a prepaid Wages expense of $35,000 at the…