General ledger of Zama Traders Trading Stock 2020 125 000,00 Jun 2020 1Balance 30 Bank b/d CPJ Creditors Control a DAJ Jun 30 Cost of Sales CRJ 75 000,00 Cost of Sales 40 000,00 DJ |CAJ 8 000,00 Debtors Control 2020 Band and 30 Discount allowed CRJ 2020 1 Balance b/d DJ 85 000,00 Jun 40 000,00 Jun 45 000 30 Sales DAJ 900,00 Zama Traders operates on a profit mark-up of 50% on cost. Cash sales are equal to 60% of all sales. Additional information • Owner, Z Nkosi, returned merchandise which she took for own use, selling price R600 • The business accepted an old computer, valued at R1000 from S Khumalo in settlement of a debt of R1125 • Received credit note from B May. Trade discount of 20% omitted on the invoice for goods purchased on credit for R560 • Issued an invoice for R560 to a customer R Rayaan, and entered in the subsidiary journal as R56 Required 1. Prepare General Journal for the additional information provided above. Narrations are not required. Post this journal to the relevant account as at 30 June 2020 2. Complete the following accounts in the General ledger a. Trading Stock b. Debtors Control

General ledger of Zama Traders Trading Stock 2020 125 000,00 Jun 2020 1Balance 30 Bank b/d CPJ Creditors Control a DAJ Jun 30 Cost of Sales CRJ 75 000,00 Cost of Sales 40 000,00 DJ |CAJ 8 000,00 Debtors Control 2020 Band and 30 Discount allowed CRJ 2020 1 Balance b/d DJ 85 000,00 Jun 40 000,00 Jun 45 000 30 Sales DAJ 900,00 Zama Traders operates on a profit mark-up of 50% on cost. Cash sales are equal to 60% of all sales. Additional information • Owner, Z Nkosi, returned merchandise which she took for own use, selling price R600 • The business accepted an old computer, valued at R1000 from S Khumalo in settlement of a debt of R1125 • Received credit note from B May. Trade discount of 20% omitted on the invoice for goods purchased on credit for R560 • Issued an invoice for R560 to a customer R Rayaan, and entered in the subsidiary journal as R56 Required 1. Prepare General Journal for the additional information provided above. Narrations are not required. Post this journal to the relevant account as at 30 June 2020 2. Complete the following accounts in the General ledger a. Trading Stock b. Debtors Control

Name: General ledger of Zama TradersTrading Stock2020125 000,00| Jun20201Ba
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Description: General ledger of Zama TradersTrading Stock2020125 000,00| Jun20201Balance30 BankCreditors Control a30 Cost of SalesCost of SalesJunb/dCRJ75 000,0040 000,00DJCAJCPJ8 000,00DAJDebtors Control2020202085 000,00 || JunBand and1Balance30 Salesb/dDJ30 Dis

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

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General ledger of Zama Traders Trading Stock 2020 125 000,00 Jun 2020 Jun 1Balance з0 Bank b/d CPJ Creditors Control a DAJ 30 Cost of Sales Cost of Sales CRJ 75 000,00 DJ 40 000,00 CAJ 8 000,00 Debtors Control 2020 2020 Jun Band and 30 Discount allowed CRJ b/d DJ 1Balance 85 000,00 Jun 45 000 30 Sales 40 000,00 DAJ 900,00 Zama Traders operates on a profit mark-up of 50% on cost. Cash sales are equal to 60% of all sales. Additional information · Owner, Z Nkosi, returned merchandise which she took for own use, selling price R600 • The business accepted an old computer, valued at R1000 from S Khumalo in settlement of a debt of R1125 • Received credit note from B May. Trade discount of 20% omitted on the invoice for goods purchased on credit for R560 • Issued an invoice for R560 to a customer R Rayaan, and entered in the subsidiary journal as R56 Required 1. Prepare General Journal for the additional information provided above. Narrations are not required. Post this journal to the relevant…
Trading stock Bank Cash float Sales R16 38 R450 (2) (4) R20 340 2. R39 551 CRJ2: Bank R12 771 Sales R 8514 Cost of sales Sundry accounts * The toral of the sundry accounts consists of: Capital Rent income R26 780 * R19 500 on 1 July 20.7 R 1 780 on 19 July 20.7 R 5 500 on 30 July 20.7 Capital R11 925 R 3 448 R 2 480 R 376 R 5 621 * CPJ2: Bank Trading stock Wages Packing material Sundry accounts The total of the sundry accounts consists of: Equipment Stationery Stationery Telephone Water and electricity R 595 on 22 July Drawings R4 070 on 6 July 38 on 6 July R 124 on 13 July R 348 on 21 July R R 446 on 22 July he Trial Balance ve saw from the
Trading stock Bank Cash float R16 38 R450 (2) (4) Sales R20 340 2. R39 551 CRJ2: Bank Sales R12 771 R 8514 R26 780 * Cost of sales * The toral of the sundry accounts consists of: R19 500 on 1 July 20.7 R 1780 on 19 July 20.7 R 5 500 on 30 July 20.7 Sundry accounts Capital Rent income Capital R11 925 R 3 448 R 2 480 R 376 R 5 621 * CPJ2: Bank Trading stock Wages Packing material Sundry accounts The total of the sundry accounts consists of: Equipment Stationery Stationery Telephone Water and electricity R 595 on 22 July Drawings R4 070 on 6 July 38 on 6 July R 124 on 13 July R 348 on 21 July R R 446 on 22 July he Trial Balance ve saw from the
O d. Preference Shares Given the following data; TOTAL PURCHASES OMR 150000 CASH PURCHASES OMR 45000 PURCHASE RETURN OMR 5000 OPENING CREDITORS OMR 30000 CLOSING CREDITORS OMR 20000 What will be the amount of Net Credit Purchase? O a. OMR 100000 on O b. OMR 150000 O c. OMR 45000 O d. OMR 105000 e here to search 耳 Pa enovo
Xyz tradingCondensed comparative balance sheet 2021 2020 2019Assets:Current assets 468,000. 345,600. 300,000Property and equipment 600,000. 560,400. 500,400Other assets(advances ). 72,000. 126,000. 150,000Total assets. 1,140,000. 1,032,000. 950,400Liabilities and stockholders’ equityLiabilitiesCurrent liabilities 134,400. 112,800. 100,00012 % long-term notes payable. 240,000. 300,000 350,000Total liabilities. 374,400. 412,800. 450,000Stockholders’ equity10% preferred stock 120,000. 120,000. 120,000Common stock 300,000 240,000 200,000Additional paid in capital 84,000. 48,000 40,000Retained earnings…
Examus student.use.examus.net/?ridban=1&sessi. ACCT101 FEX_2021_2_Male e18 Stockholders' equity consists of: 96 18 - 34 a. Long-term assets 11 18c Contributed capital and 95abe18 b. 95 par value 95abe18 C. Retained earnings and cash d. 95abe18ce33 Contributed capital and retained earnings Sabe18ce 33 95abe18ce33 95a 95abe18ce33 96abe18ce33 95abe18ce33 MacBook Pro F3 000 000 F4 つ 4 F5 F6 50 F7 67 & DII 7 V FS 8 A 9 9 个 II
Answer the Question based on the data given below; OPENING STOCK OMR 25000 CLOSING STOCK OMR 35000 NET PURCHASES OMR 130000 MANUFACTURING EXPENSES OMR 30000 What will be the average stock? O a. OMR 60000 O b. OMR 30000 O c. OMR 50000 O d. OMR S000
engageNOWv2 | Onlin X genow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker &takeAssignmentSessionLocator=&inprogress=false еВook Five Measures of Solvency or Profitability The balance sheet for Quigg Inc. at the end of the current fiscal year indicated the following: Bonds payable, 6% $900,000 Preferred $10 stock, $50 par 46,000 Common stock, $10 par 644,000 Income before income tax expense was $162,000,and income taxes were $24,000 for the current year. Cash dividends paid on common stock during the current year totaled $25,760. The common stock was selling for $16 per share at the end of the year. Determine each of the following. Round answers to one decimal place, except for dollar amounts which should be rounded to the nearest whole cent. Use the rounded answers for subsequent requirements, if required. a. Times interest earned ratio times b. Earnings per share on common stock c. Price-earnings ratio d. Dividends per share of common stock e. Dividend yield 5:32 PM 12/12/2020…
find the missing numbers for the following case: Beginning Stock net Purchases Ending Stock Cost of Goods Sold RO 20500 RO ??? RO 18000 RO 28250 Select one: a. The correct answer not avialable b. 36000 c. 30750 d. 15500
PE.17-03B Current Position Analysis The following items are reported on a company's balance sheet: Cash Marketable securities Accounts receivable (net) Inventory Accounts payable Determine (a) the current ratio and (b) the quick ratio. Round your answers to one decimal place. a. Current ratio $210,000 120,000 110,000 160,000 200,000 b. Quick ratio
The re-issuance of treasury stock for cash would be reported on a statement of cash flows under the following section: O Investing O Leases O Borrowing O Operarting O Bonds O Financing ASUS f4 f9 团 f5 f6 f7 f10 f11 & 4 6 Y U F G H. K V B N 08 因 5 %24
Un=nttps%253A%252F%252Flms.mheducation.com%252F... Pa hapter 16, 17, 18) 6 Saved Help Save & Exit Submit The shareholders' equity section of Time Company's comparative balance sheets for the years ended December 31, 2021 and 2020, reported the following data: ($ in millions) 2021 2020 $600 300 600 $612 Common stock, $1 par per share Paid-in capital-excess of par Retained earnings 348 628 During 2021, Time declared and paid cash dividends of $90 million. The company also declared and issued a small stock dividend. No other changes occurred in shares outstanding during 2021. What was Time's net income for 2021? Multiple Choice $28 million $130 million $118 million Next 30 of 39 < Prev Question no...pages nages

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