Which among the expenses you have listed covers the majority of the budget?Which among the expenses are Fixed? Which among are Variable?What particular item in your expenses should have a reduced budget and which should have a bigger budget?From the Financial Report you have made, discuss your family’s financial situation.Is there a need for your family to create or strengthen its financial planning? Why or why not?What do you think heavily contributes to the decision-making on which item is prioritized, which is given more budget?What is your role as a member of the family to make sure that the family budget would fit the expenses for a week or month?From our discussion reflect and discuss this statement: Cite at least 2 sources “Poor Filipino families cannot afford to be Financially Literate” Add header1Family Financial StatementMarzan, Leonel Jef To:From:Cabote, Glen Darre4Family Name:GALLARDO5Starting Balan8,000.00Veekly ExpensFood10Market Goodo328.0011Groceries927.701213Others (Rice)1,200.00Sub-Total2,455.7014Services15Water16650.00ElectricityWifi17181,200.00Load and Mobile [Sub-Total1,850.0019Health Expenses20Maintenance Drug:SupplementsOthers (Hygiene Ki2122232460.00Sub-Total60.0025Property Expense:26RentOthers (Motorcycl27282,300.00Sub-Total2,300.0029TransportationGasoline/Diesel100.003031Public TransportSub-Total100.00Other Expenses32ClothingSelf-care Products PFood Take-outsSubscriptionsSiblings Allowance40.003360.0034505.00353637300.00Sub-Total P905.0038394041TOTAL AMOUNT OF EXPENSES7,670.7042SAVINGS329.304344Add footerLiquidation ReportFinancial Statement2422141284. Liquidatinn RepartMarzan, LoonelJ To:From:abate, Glen Darr.Family Name:GALLARDOSource of Fund:Total Budgot:(Mother's Mantly Wago)*,000.0011Itomizod Listaf ExponsorDateOR H berDarcriptinnCart1170-07640570-07640648-068630No RecoiptNo RecoiptRociopt2806536788Grocorior (Canned goodr, Bath Errentialr &SStack Snackr (Junk fondr and Bireuiu)Hygione Kit (Toatbrurh)Market Goodr (12 per of Redo49&1tray of WI777.85149.8560.00328.0020.001300.0012*****15*****1415*****Streot Food (2perof Buchi and2perof LumpRice (1rack or1cavan)Whooltok MotorcycloNou City Cable WifiISELCOElestricity16**********17112300.0015*****1200.00650.00100.00100.0075.0021*****170095No RocoiptNo ReceiptGaraline (Family Tricycle Service)Lunch and Dinner Meal (Food Tako Outr)Breakfart (Coffeo and Bread- not aluayr)|Lunch and Dinneor Moal (Tinapa& Lutong UlaStreot Food(per cheerertiskr)Sibling AllauanceLunch and Dinner Meal (FoodTake out)Lunch and Dinner Meal (Food Take out)21*****22************************No RecoiptNa ReceiptNo RecoiptNa Receipt2324100.002510.0026300.00No ReceiptNa Receipt100.00100.0027*****21*****21121511122445175152TOTAL P7,670.705354Liquidation ReportFinancial Statement891

Expenses are the outflow of the cash to pay-off any expenditure during the accounting year. Balances…

Which among the expenses you have listed covers the majority of the budget? Which among the expenses are Fixed? Which among are Variable? What particular item in your expenses should have a reduced budget and which should have a bigger budget? From the Financial Report you have made, discuss your family’s financial situation. Is there a need for your family to create or strengthen its financial planning? Why or why not? What do you think heavily contributes to the decision-making on which item is prioritized, which is given more budget? What is your role as a member of the family to make sure that the family budget would fit the expenses for a week or month? From our discussion reflect and discuss this statement: Cite at least 2 sources “Poor Filipino families cannot afford to be Financially Literate”

Which among the expenses you have listed covers the majority of the budget? Which among the expenses are Fixed? Which among are Variable? What particular item in your expenses should have a reduced budget and which should have a bigger budget? From the Financial Report you have made, discuss your family’s financial situation. Is there a need for your family to create or strengthen its financial planning? Why or why not? What do you think heavily contributes to the decision-making on which item is prioritized, which is given more budget? What is your role as a member of the family to make sure that the family budget would fit the expenses for a week or month? From our discussion reflect and discuss this statement: Cite at least 2 sources “Poor Filipino families cannot afford to be Financially Literate”

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter10: Financial Statements And Reports

Section: Chapter Questions

Problem 3.3C

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Please lable the following accounts as Assets, Liability, or Equity. Also if they are a DR or CR balance.1) Accounts Receivable2) Smith, Capital3) Wages Payable4) Cash5) Interest Receivable6) Taxes Payable7) Smith, Drawings8) Retained Earnings9) Buildings10) Land1) Accounts Payable2) Common Stock3) Bonds Payble4) Furniture and fixtures5) Inventory6) Interest Payable7) Dividends8) Additional paid-in-capital9) Patents and Copyright10) Short-Term Investments
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T. Nix, Capital$ 128,300Cost of goods sold$ 108,900T. Nix, Withdrawals7,000Depreciation expense11,600Sales183,000Salaries expense39,000Sales discounts4,200Miscellaneous expenses5,000Sales returns and allowances5,200 1. Record the entry to close the income statement accounts with credit balances. 2. Record the entry to close the income statement accounts with debit balances. 3. Record the entry to close the Income Summary account. 4. Record the entry to close the Withdrawals account.
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Could you tell me if the following Accounts are Assets, Liabilities or Equity?1) Accounts Receiveable2) Smith, Capital3) Wages, Payable4) Cash5) Interest Receivable6) Taxes Payable7) Smith, Drawings8) Retained Earnings9) Buildings10) Land
Beginning Balance (BB) ? $ 8,820 $ 73,500 Ending Balance (EB) 36,260 ? 77,000 Transferred In (TI) 196,500 44,500 ? Transferred Out (TO) 194,700 48,400 183,800 For Case (A) above, what is the Beginning Balance (BB)? Multiple Choice $35,940. $38,300. $39,960. $34,460.
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usiness AccountingQ&A Library1. Record the following transaction in the appropriate journal, ledger accounts and balance off the accounts at 30 September 2020. Sept 3 Bought goods on credit for RM846 from Labu Enterprise 6 Sold goods for cash of RM73 7 Bought motor vehicle by cheque for RM4,300 11 Sold goods to Karas Sdn Bhd on credit for RM380 13 Karas Sdn Bhd returned goods to Labu Enterprise worth RM143 17 Returned goods to Labu Enterprise worth RM83 20 Received cheque for RM60 from Karas Sdn Bhd on acount 24 Bought office furniture by cheque for RM365 27 Sent cheque to Labu Enterprise in settlement of account RM160 29 Sold goods to Sakun Enterprise on credit fro RM412 1. Record the following transaction in the appropriate journal, ledger accounts and balance off the accounts at 30 September 2020. Sept 3 Bought goods on credit for RM846 from Labu Enterprise 6 Sold goods for cash of RM73 7 Bought motor vehicle by cheque for RM4,300 11 Sold goods to Karas Sdn Bhd on credit…
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