Heing's, a limited liability company, receives rent for subletting part of its office premises to a number of tenants. In the year ended 31 December 20X4 B received cash of $320,800 from its tenants. Details of rent in advance and in arrears at the beginning and end of 20X4 are as follows: 31 December 20X4 20X3 $ $ Rent received in advance 29,600 28,800 Rent owing by tenants 19,500 17,900 All rent owing was subsequently received What figure for rental income should be included in the statement of profit or loss of Heing's for 20X4?

The annual accounting period ends December 31 Apr. 30 Received $465,000 from Commerce Bank after signing a 12-month, 7 percent, promissory note. June 6 Purchased merchandise on account at a cost of $66,000. (Assume a perpetual inventory system.) July 15 Paid for the June 6 purchase. Aug. 31 Signed a contract to provide security service to a small apartment complex and collected six months' fees in advance amounting to $18,600. (Use an account called Unearned Revenue.) Dec. 31 Determined salary and wages of $31,000 were earned but not yet paid as of December 31 (ignore payroll taxes) Dec. 31 Adjusted the accounts at year- end, relating to interest. Dec. 31 Adjusted the accounts at year-end, relating to security service. Required: 1&2. Complete the required journal entries for each of the above transactions.

The totals from the first payroll of the year are shown below. TotalEarnings   FICAOASDI   FICAHI   FITW/H   StateTax   UnionDues   NetPay   $36,195.10   $2,244.10   $524.83   $6,515.00   $361.95   $500.00   $26,049.22     Journalize the entry to deposit the FICA and FIT taxes. For a compound transaction, if an amount box does not require an entry, leave it blank. Round your answers to two decimal places.

Caritas Publishing issues the Weekly Welder. The company's primary sources of revenue are sales of subscriptions to customers and sales of advertising in the Weekly Welder. Caritas owns its building and has excess office space that it leases to others. The following transactions involved the receipt of advance payments. Prepare the indicated journal entries for each set of transactions. 1) On September 1, 20X7, the company received a $48,000 payment from an advertising client for a 6-month advertising campaign. The campaign was to run from November, 20x7, through the end of April, 20X8. Prepare the journal entry on September 1, and the December 31 end-of-year adjusting entry. 2) The company began 20X7 with S360,000 in unearned revenue relating to sales of subscriptions for future issues. During 20X7, additional subscriptions were sold for $3,490,000. Magazines delivered during 20X7 under outstanding subscriptions totaled $3,060,000. Prepare a summary journal entry to reflect the sales…

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RecRoom Equipment Company received an $8,000, six-month, 6 percent note to settle an $8,000unpaid balance owed by a customer. Prepare journal entries to record the following transactionsfor RecRoom. Rather than use letters to reference each transaction, use the date of the transaction.a. The note is accepted by RecRoom on November 1, causing the company to increase its NotesReceivable and decrease its Accounts Receivable.b. RecRoom adjusts its records for interest earned to its December 31 year-end.c. RecRoom receives the interest on the note’s maturity date.d. RecRoom receives the principal on the note’s maturity date.

Prepare the journal entries

Bank 'n' Roll, Inc. pays its employees once a month and records the expense at the time of payment. On May 31, Bank 'n' Roll, Inc. paid its employees $10,000 for work performed in May. The entry to record the payment includes a (Check all that apply.) Check all that apply. debit to Cash for $10,000 credit to Wages Expense for $10,000 credit to Wages Payable for $10,000 debit to Wages Expense for $10,000 credit to Cash for $10,000

A VAT taxpayer had the following sales and purchases during the month:Sales, inclusive of VAT Php 336,000Purchases, exclusive of VAT 250,000Compute the gross income under each of the following independent cases:7. The sale is made to regular customers.8. The sale is made by a registrable person.

In providing accounting services to small businesses, you encounter the following situations. Sunland Corporation rings up cash sales and sales taxes separately on its cash register. On April 10, the register totals are pre-tax sales of sales $6,100 plus GST of $305 and PST of $488. 2. Jennifer Corporation receives its annual property tax bill in the amount of $8,400 on May 31. (i) During the month of March, Ayayai Corporation's employees earned gross salaries of $60,000. Withholdings deducted from employee earnings related to these salaries were $3,254 for CPP, $948 for El, $7,820 for income taxes. (ii) Ayayai's employer portions were $3,254 for CPP and $1,327 for El for the month. 1. 3. Prepare the journal entries to record the above transactions. (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. List all debit entries before credit…