AHEAD | LoginFA_21BUS101A-END-SEM ASSIGI Xhttps://aheadonline.amrita.edu/courses/34/assignments/2033?module_item_id=9674Discussions1. From the following Trial balance , you are require to prepare the final accounts for the year ended 31st December 2020.GradesParticularsAmount (Dr)Amount(Cr)4,80,000СapitalDrawingsLand & BuildingPeople1,35,0004,50,000PagesAccountCreditors3,15,000FilesPlant& Machinery1,20,000Purchase returns7,950SyllabusBills receivable18,000DashboardSales6,54,000QuizzesOpening stock1,20,0001,53,00078,0001,5003,0001,14,00010,20079,8001,35,0003,6006,00018,00011,850CoursesModulesPurchaseWagesCarriage outwardsCarriage inwardsSalariesCalendarDiscountInboxBank balanceDebtorsBad debtsSales returnsFurnitureAdvertisementsTotal14,56,95014,56,950Adjustments:Stock on 31st December,2020 is Rs. 1,05,000Machinery & Furniture to be depreciated @ 10%.Wages outstanding is Rs. 4,50OPrepaid Advertisement is Rs.1,500A provision for bad debts is to be provided on Debtors @ 5 %.ENG18:15DELL)INTL07-05-2022 AHEAD | LoginFA_21BUS101A-END-SEM ASSIGI Xhttps://aheadonline.amrita.edu/courses/34/assignments/2033?module_item_id=9674TotalAdjustments:Stock on 31st December,2020 is Rs. 1,05,000Machinery & Furniture to be depreciated @ 10%.AccountWages outstanding is Rs. 4,50OPrepaid Advertisement is Rs.1,500DashboardA provision for bad debts is to be provided on Debtors @ 5 %.Courses2. From the following information pass journal entries, post them into respective ledger accounts and also prepare the Trial balance as on 30thApril,2020.CalendarDateParticularsAmount2020InboxApril1Started Business with CashPurchased goods from Mr.AnilCash Purchase18,0004,0005,0004Purchased a steel almirah from John Furnitures570Cash PurchaseSold to Mr. DulquerGoods bought for cashReceived from Mr.DulquerInterest paid6,5003,0007,5003,000131625022Paid rent50030Salary paid to staff1,250Next »ENG18:18DELL)INTL07-05-2022Q

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1. From the following Trial balance, you are require to prepare the final accounts for the year ended 31st December 2020. Particulars Capital Drawings Land & Building Creditors Plant& Machinery Amount (Dr) Amount(Cr) 4,80,000 1,35,000 4,50,000 3,15,000 1,20,000 Purchase retums 7,950 Bills receivable 18,000 Sales 6,54,000 Opening stock Purchase Wages Carriage outwards Carriage inwards Salaries 1,20,000 1,53,000 78,000 1,500 3,000 1,14,000 10,200 79,800 1,35,000 3,600 6,000 18,000 Discount Bank balance Debtors Bad debts Sales returns Furniture Advertisements 11,850 Total 14,56,950 | 14,56,950 Adjustments: Stock on 31* December,2020 is Rs. 1,05,000 Machinery & Furniture to be depreciated @ 10%. Wages outstanding is Rs. 4,500 Prepaid Advertisement is Rs. 1,500 I on A provision for bad debts is to be provided on Debtors @ 5 %.

1. From the following Trial balance, you are require to prepare the final accounts for the year ended 31st December 2020. Particulars Capital Drawings Land & Building Creditors Plant& Machinery Amount (Dr) Amount(Cr) 4,80,000 1,35,000 4,50,000 3,15,000 1,20,000 Purchase retums 7,950 Bills receivable 18,000 Sales 6,54,000 Opening stock Purchase Wages Carriage outwards Carriage inwards Salaries 1,20,000 1,53,000 78,000 1,500 3,000 1,14,000 10,200 79,800 1,35,000 3,600 6,000 18,000 Discount Bank balance Debtors Bad debts Sales returns Furniture Advertisements 11,850 Total 14,56,950 | 14,56,950 Adjustments: Stock on 31* December,2020 is Rs. 1,05,000 Machinery & Furniture to be depreciated @ 10%. Wages outstanding is Rs. 4,500 Prepaid Advertisement is Rs. 1,500 I on A provision for bad debts is to be provided on Debtors @ 5 %.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter8: Current And Contingent Liabilities

Section: Chapter Questions

Problem 3MCQ

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rd / My courses/ BAMA1101 / Worksheets Home PraiWotkst äö pio Moving Forward An invoice for OMR 600 dated March 10th with the terms 5/15 EOM is recerved. The bill is paid on April Sth. Find the net payment. ut of Select one: O a. 570 O b. 30 Oc 510 O d. 90 Clear my choice inus nane Type here to search
My Monroe Z View Assessment > Bb Collaborate - 20FL-LA122-18 x M Daily Notifications - rblack8930 x 命 A https://elearn.monroecollege.edu/ultra/courses/ 40124 1/grades/assessment/_2440908 1/overview/attempt/ The following is Green Co.'s Pre-Closing Trial Balance as of December 31, 2017. Green's accounting period is a month, the month of December 2017. (Note that the accounts are not thus the balances in the temporary accounts are for listed in their normal sequence -- rather they are listed in alphabetical sequence.) Account Name _Debit_ Credit_ Gradin Accounts Payable 26,000 Accounts Receivable 28,850 Cash 10,000 Common Stock 12,500 Cost of Goods Sold 68,000 Equipment 73,000 150 Interest Expense Interest Payable 500 Inventory 45,000 Note Payable 21,000 Retained Earnings 53,000 Sales Revenue 179,000 Supplies Expense 7,000 Wages Expense 60,000 Total 292,000 292,000 Place the accounts in the correct order. Use the editor to formor your onswer A Past due This attempt will be submitted…
Instructions: 1. Based on the information provided below, please calculate the total accrual needed at the end of Q1-2022 (3/31/2022) by vendor. 2. Round the total accrual to the nearest 10. 3. Utilizing the rounded total accrual amount, and the provided information, show what journal entry(s) should be posted at the end of Q1-2022. 4. Format/change/improve this tab however you like to make it easier to understand. This is a list of all invoices received and paid related to Q1 for the respective vendors: Invoice/Start Date Vendor Invoice Number Amount 2/1/2021 California Roofing 3AD24DF982D 1/1/2022 Hot Cakes LLC 1/6/2022 Jammer Joes Pools D48F5A4D8 1/10/2022 Else's Hammer Sho 1/19/2022 Washmart Co 2/4/2022 Hot Cakes LLC 2/5/2022 ABC Plumbing 2/16/2022 Else's Hammer Sho 3/17/2022 Spooner forks Inc UUTTRSFS 3/19/2022 Else's Hammer Sho Washmart Co California Roofing Jammer Joes Pools Spooner forks Inc Total Accrual 2. Rounded Total 3. JE(s) needed at 3/31/2022: Account Type Debit Expense…
Central Valley Construction (CVC) purchased $80,000 of sheet metal fabricating equipment from Buffalo Supply on January 1, 20X1. CVC paid $15,000 cash and signed a five-year, 10% note for the remaining $65,000 of the purchase price. The note specifies that payments of $13,000 plus interest be made each year on the loan's anniversary date. CVC made the required January 1, 20X2, payment but was unable to make the second payment on January 1, 20X3, because of a downturn in the construction industry. At this time, CVC owed Buffalo Supply $52,000 plus $5,200 interest that had been accrued by both companies. Rather than write off the note and repossess the equipment, Buffalo Supply agreed to restructure the loan as one payment of $50,000 on January 1, 20X5, to satisfy the Page 9-40 restructured note.
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Exercise 9-3 On January 1, 2020, Swifty Limited paid $561,003.30 for 10% bonds with a maturity value of $540,000. The bonds provide the bondholders with a 9% yield. They are dated January 1, 2020, and mature on January 1, 2025, with interest receivable on December 31 of each year. Swifty accounts for the bonds using the amortized cost approach, applies ASPE using the effective interest method, and has a December 31 year end. Prepare the journal entry to record the bond purchase. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to 2 decimal places, e.g. 52.75.) Date Account Titles and Explanation Debit Credit Jan 1, 2020 SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO VIDEO Prepare a bond amortization schedule. (Round answers to 2 decimal places, e.g. 52.75.) Schedule of Interest Income and Bond Premium Amortization Effective…
42) Identify the term, which is used for the full payment is due on the 15th of the month following the invoice date from the following? a. 15MFI b. 1/10 c. 2/10 d. 3/EOM
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ucation.com/ext/map/index.html? con=con&external browser=D0&launchUrl=https%253A%252F signment (II) Saved Find the APR, or stated rate, in each of the following cases. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16. Use 365 days in a year.) Stated Rate (APR) Number of Times Effective Rate Compounded % Semiannually % Monthly (EAR) 15.25 % 11.25 % % Weekly 9.75 % % Daily 7.75 % es here to search