F. Shown below are the accounts with open balances of Liwayway Trading as at December 31, 200G before adjustments: Office Equipment Rent Expense Notes Payable Salaries Expense Purchase Discount Freight In Accounts Payable Ligaya Drawing Sales P 14,000 24,000 21,875 99,550 5,010 5,415 94,750 9,500 572,875 11,000 Furniture & Fixtures Rent Income Supplies Expense Ligaya Capital Cash P 31,000 5,000 2,200 ? Allow. for Impairment Loss Advertising Expense Accum. Dep'n -Furn. & Fixt. 62,875 2,150 3,000 2,000

Hello, can you help me with questions 7,8, and 9 please, thanks!

Hi,  Can you please help me with problem 5.6? Thank you.

Show a journal entry writing off an account using both the allowance method and the direct write-off method. NOTE: YOU CAN INCLUDE ANY AMOUNTS AS LONG AS THEY MAKE SENSE, BUT DO NOT FORGET TO INCLUDE ACTUAL NUMBERS FOR THIS JOURNAL SHOWING BOTH METHODS AS STATED ABOVE. THIS CAN BE MADE UP BUT DO NOT FORGET THE NUMBERS.

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QUESTION 2 Study the following transactions that occurred during August 2022 for Renwick & Co. Aug 2 - Renwick & Co. sold 40 office desks costing $2,000 each, at a unit price of $4,500 to Shams Ltd. Terms: 2/10, n/30. Aug 7- Shams Ltd. Returned for full credit 6 of the desks acquired on August 2 because they were of the incorrect size and style. Aug 8 - Renwick & Co. returned the office desks to its inventory. Aug 9 - Renwick & Co. received payment by cheque from Shams Ltd. for 30 office desks. Aug 27 - Renwick & Co. received payment in cash from Shams Ltd. in full settlement for the remaining office desks acquired on August 2. Renwick & Co. uses the net method to record sales and cash discounts and the perpetual inventory system. You may copy and paste from this list: Accounts receivable Discount Interest income Bad debt expense Bank Cash Cost of Goods Sold COGS REQUIRED: Interest receivable Inventory Notes receivable Par Premium Sales discounts Sales discounts forfeited Sales returns…