Give me an examples of t account for my accounting class.  I need examples with asset, liability revenue,expense and equt

Q: TRUE OR FALSE: Indicate whether the statements are true or false. 1. Assuming the parent acquired 1...

A: The question is related to the Consolidated Financial Statements. In Case of 100% Subsidairy the par...

Q: Portions of the financial statements for Clear Transmissions Company are provided below CLEAR TRANSM...

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A: Assets=Liability+Owner's Equity

Q: roblem #2 Admission by Purchase of Interest and Investment of Assets The capital accounts of Loida C...

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Q: SHADOW BONE Company reported net income of P7,500,000 for the current year: The auditor raised quest...

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Q: has these comparative balance sheet data: CULLUMBER COMPANY Balance Sheets December 31     2022  ...

A: Ratio analysis is used as a tool for evaluation of various financial aspects of entity such as liqui...

Q: Oscar Wylee Women Glass Ltd is a supplier of fashion women sunglasses. The audit report for the year...

A: Audit Responsibility The responsibility of the Auditing is to check and verify the transaction which...

Q: Midus ind has the following data for the month ended on March 31. Prepare cash budget for the month ...

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Q: Schofield Co. sold merchandise on account to Bernard Retail Inc. for $15,000, terms 2/10, n/30. The ...

A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal....

Q: A businessman borrowed P220,000 with interest at the rate of 4.2% compounded semi-annually. He agree...

A: The future value of money is the amount of money that will be worth at some point in the future if i...

Q: F Polk, after being in Bakery business for some years without keeping proper records, now decides to...

A: Answer:-   

Q: subcontracted by the client, specifically in what corresponds to criteria of security, availability,...

A: A  SOC for Service Organizations reports are designed to help service organizations that provide ser...

Q: Mala-Prohibita Company has a balance of P299,000 in its account receivable on January 1, 2019. Budge...

A: Cash budget: A cash budget is a budget prepared by the company for analysing the future cash receipt...

Q: Which of the following statements about intuitive approaches is/are false? -Ignoring or discounting...

A: The intuitive approach is the way people think or make decisions naturally and without any use of fo...

Q: What amount was reported as net income for the current year? A. 6,200,000 B. 9,700,000 C. 8,200,000...

A: Accounting equation of the business says that, total assets in the business, must be equal to total ...

Q: Copy of Find the amount at the end of 5 years and 4 months if P8,000 is invested at 81% compounded ...

A: Simple Interest: P X R X T Where, P= Principal, R= Rate of interest, T= Time  

Q: EM owns 30% of MOCK's share capital. During the year to 31 December 2011, MOCK sold inventories at t...

A: As per the provision of IAS 28 Investment in associates, unrealised profit from the transaction betw...

Q: The Ginebra San Miguel convince Stephen Curry franchise for three seasons. They offer the playe in y...

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Q: The following information is available for the Danske Company: Denominator hours for May 20,000 Actu...

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Q: 13. When Joshua purchased Jasmin's P1,000,000 capital interest for 12. When Joshua purchased Jasmin'...

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Q: "As of today, Americans live on average 20 more years after retiring, which calls for well-designed ...

A: Answer) The engineer is investing $ 10,000 each year for next 15 years Amount accumulated = Amount i...

Q: The following are data from a production, calculate; The Break-even point in tenns of sales value an...

A:                               In Marginal Costing break-even analysis technique is used to ascertain...

Q: Compton Information Services, Ic., has two service departments: human resources and billing. Compton...

A: The cost of service department cost can be allocated to different operating departments on the basis...

Q: Use the following to answer questions 12 – 15 At December 31, KC Co reported accounts receivable of ...

A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for you...

Q: A and B formed a partnership. A contributed cash of P50,000 and equipment with a cost of P40,000, ac...

A: The amount credited to A, Capital account will be fair value of assets contributed by A minus liabil...

Q: On 1 July 2020, Kent Ltd acquired all the share capital (Ex-dividend) of Sub Ltd for $500,000. The f...

A: Working note: Computation of fair value of the identifiable net assets acquired:

Q: d. A large customer owing $2.8 million for products it already received declared bankruptcy, leaving...

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Q: HandiQ Inc. is a hardware store that sells goods and provides services. Analysis of the company's ac...

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Q: Bramble Corporation had the following stockholders' equity accounts on January 1, 2022: Common Stock...

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Q: With the following data, compute the NET FUTA Tax. Gross FUTA Tax DUE $ 6,750 Credit against FUTA (a...

A: Federal Unemployment Tax Act (FUTA) is imposed on federal employers so as to help unemployed individ...

Q: You have been provided with the following information regarding Sarasota Paper Ltd's inventory for J...

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Q: Using Excel spreadsheet / worksheet, determine Anna's profit. Attach excel solution.

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Q: P a y t o n company payroll for the year is $747,930. Of this amount, $469,230 is for wages paid e x...

A: Total unemployment taxes=Net Futa tax+Net suta tax

Q: The income statement of Stellar Company is shown below. Sales revenue $6,630,000 Cost of goods so...

A: Cash flow from operating activities indicates the cash inflow or outflow transactions related to the...

Q: Caren corp produces 85,600 units for the year and sold 81,750 units at P22.30 per unit. Its practica...

A: Cost of goods manufactured for the year: =Direct Materials + Direct Labor +Manufacturing overhead va...

Q: On January 1, 20X1, Hermione, Inc., an SME, paid cash of P600,000 for all the outstanding shares of ...

A: Goodwill is the excess cost paid by the succeeding company at the time of acquisition. Goodwill is t...

Q: 1. Non-statistical sampling is commonly used in audit practice. Describe each of the four items requ...

A: "Since you have asked multiple question we will be solving first question If you want any specific q...

Q: The Retained earnings account has a credit balance of $41,000 before closing entries are made. Total...

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Q: on in year 2, and P3 million in year 3. Assuming end of year payments of the proceeds of the contrac...

A: Number of compounding periods means the frequency by which the interest rate will be compounded. Mor...

Q: 1. Information on an entity's operating segments is shown below: Operating segments % Revenue % Prof...

A: As per PFRS 8, Operating segments, Reportable segments are the operating segments that meet the belo...

Q: ABC Corporation was organized on January 3, 2014, with authorized capital of 100,000 shares of $10 p...

A: January 7 :- Issued 40,000 shares at $12 per share which means Common stock = 40,000 x 10 = 400,000 ...

Q: Prepare the necessary journal entries in general journal form on the following. a. August 1, 2021, t...

A: As per our protocol we provide solution to the first three sub-parts only but as you have asked mult...

Q: West Coast Tours runs boat tours along the west coast of British Columbia. On March 5, 2020, it purc...

A: Lets understand the basics. In straight line basis, depreciation is calculated by the depreciate ass...

Q: 3

A: Bureau of Internal Revenue (BIR): The Bureau of Internal Revenue is an organization within the Depar...

Q: A firm has daily cash receipts of P100,000. A bank has offered to reduce the collection time on the ...

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Q: When filing 2015 federal income taxes as a single filer, you paid 10% on the first $9,225 earned, an...

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Q: Formula: Multiply; Cell Referencing Q R Using Excel to Determine Ending Inventory Student Work Area ...

A: FIFO method implies First In First Out. It means goods purchased first is sold first and in ending i...

Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is