double entry accounting  write the appropriate journel entries in the books of account of wondabyne pty ltd for the folloswing a wondabyne pty ltd paid their annual rent in advance of $1500 b wondabyne event pty   ltd incurred $500 of wages  c wondabyne  pty   ltd purchased $2000 of inventory on credit for supplier .gst d wondabyne  pty   ltd applied for bank overdraft of $100000 e wondabyne  pty   ltd paid $2000 to an account payable f wondabyne  pty   ltd recieved a computer $5000 from owner  g wondabyne  pty   ltd has listed a loan payable in 6 month.how  would this appear in balance sheet? h wondabyne  pty   ltd has debt to equity ratio 7:1.would you invest in the company? i wondabyne  pty   ltd has current ratio of 1:2.as investor would you have concern? j wondabyne  pty   ltd earned interest of $1000 which yet to be paid

Allowance Method versus Direct Write-Off Method  On March 10, May, Inc., declared a $2,500 account receivable from Anders Company as uncollectible and wrote off the account. On November 18, May received a $800 payment on the account from Anders. Assume that May uses the allowance method of handling credit losses. Prepare the journal entries to record the write-off and the subsequent recovery of Anders’s account.   Assume that May uses the direct write-off method of handling credit losses. Prepare the journal entries to record the write-off and the subsequent recovery of Anders’s account.   Assume that the payment from Anders arrives on the following February 5, rather than on November 18 of the current year. (1) Prepare the journal entries to record the write-off and subsequent recovery of Anders’s account under the allowance method. (2) Prepare the journal entries to record the write-off and subsequent recovery of Anders’s account under the direct write-off method.    a. General…

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Notes Payable A business issued a 90-day, 8% note for $52,000 to a creditor for an accounts payable. Illustrate the effects on the accounts and financial statements of recording (a) the issuance of the note and (b) the payment of the note at maturity, including interest. If no account or activity is affected, select "No effect" from the dropdown list and leave the corresponding number entry box blank. Enter account decreases and cash outflows as negative amounts. a. Illustrate the effects on the accounts and financial statements of recording the issuance of the note. Balance Sheet Liabilities Assets Stockholders' Equity Statement of Cash Flows Income Statement b. Illustrate the effects on the accounts and financial statements of recording the payment of the note at maturity, including interest. Assume a 360-day year. If required, round interest expense to the nearest whole number. Balance Sheet Liabilities Assets Stockholders' Equity 4 Statement of Cash Flows Income Statement