You are provided with the following information form the accounts of BBS Ltd for the year ending 30 June 2019. Cash Sales $950,000 Cost of Goods Sold $35,000 Amount received in advance for services to be performed in August 2019 $9,500 Rent expenses for year ended 30 June 2019 $9,000 Rent Prepaid for two months to 31 August 2019 $1,200 Doubtful debts expenses $1,200 Amount provided in 2019 for employees’ long-service leave entitlements $5,000 Goodwill impairment expenses $7,000 Required: Calculate the taxable profit and accounting profit for the year ending 30 June 2019.

Do a journal entry based on this transections, round interest amounts to the nearest dollar,

Charles Whyte commenced business on May 1 2019, making up his accounts to September 30 annually. The statement of the Profit or Loss Account for the first 17 months ended September 30,2020 is as follows: Gross Profit Less: Repairs and maintenance. Local transport and travelling Salaries and wages Provision for bad debts Preliminary expenses Depreciation Bank interest and charges Legal and professional charges General expenses (Allowable) Clearing expense on motor vehicle Bad debt Amounts written off Loan to absconded employee (ii) (iii) (iv) (1) You are also given the following additional information. Bad debt £ (v) £'000 30/10/2018 1/1/2019 1/5/2019 1,500 2,450 6,500 1,350 960 1,630 1,520 1,380 1,870 685 2,800 Building Motor Vehicle Furniture and fittings Legal and professional charges were: Salaries and wages: The following qualifying capital expenditures were acquired on: Fines for contravention of the law Legal expenses for tax appeal Audit and accountancy charges £'000 19,300…

Record journal entries for the following transactions of Commissary Productions. Jan. 1, 2018 Issued a $435,530 note to customer June Solkowski as terms of a merchandise sale. The merchandise's cost to Commissary is $233,700. Note contract terms included a 36-month maturity date, and a 5% annual interest rate. Dec. 31, 2018 Commissary records interest accumulated for 2018. Dec. 31, 2019 Commissary records interest accumulated for 2019. Dec. 31, 2020 June Solkowski honors the note and pays in full with cash. If an amount box does not require an entry, leave it blank. If required, round your answers to two decimal places. Jan. 1, 2018   fill in the blank 2 fill in the blank 3     fill in the blank 5 fill in the blank 6   To record sale in exchange for Notes Receivable     Jan. 1, 2018   fill in the blank 8 fill in the blank 9     fill in the blank 11 fill in the blank 12   To record the cost of sale     Dec. 31, 2018   fill in the blank 14 fill in the blank…