: Main Corporation has operated a branch in Cavite for one year. Shipments are billed to the branch at cost. The branch carries its own accounts receivable, makes its own collections, and pays its own expenses. The branch reported an inventory on December 31, 2021: Outsiders, P3,391; Home office, P7,62 The transactions for the year are give effect to in the trial balance below: (see image) Debit P 504 Accounts Cash......... Home Office Current Purchases from outsiders Shipments from Home Office Accounts receivable Expenses...... Interest expense. Gain on sale of equipment. Sales 25.00 56,21 15,36 7,50 6E P109.80 10. Using the same informalion above determine the branch Curren+ accO

For the month of December, the records of Taboo Corporation show the following information: Cash received on accounts receivable - $140,000 Cash Sales - $120,000 Accounts Receivable, December 1 - $320,000 Accounts Receivable, December 31 - $286,000 Accounts Receivable written off as uncollectible - $4,000 The corporation uses the direct write-off method in accounting for uncollectible accounts receivable. What are the gross sales for the month of December?

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Subject: acounting

b) Sofea Enterprise runs a retail business. All cash and cheque receipt and payment are recorded in the Cash Book. The following transactions occurred during the month of September 2021 and are yet to be recorded in the Cash Book: The debit balance in the Cash and Bank accounts are $2,000 and $17,000 respectively. 3/9 Transfer cash $1,000 into the bank account. 4/9 Purchased goods worth $3,600 by cheque. 5/9 Paid Jamilah & Co. $5,000 by cheque for purchase of goods. 6/9 The owner took $500 cash for his own use. 8/9 Paid the shop rental $3,000 by cheque. 10/9 Received a cheque from Ms. Angie amounting to $3,600 after deducting cash discount $400. 15/9 Cash sales of $3,200. 18/9 Issued $2,850 cheque to Seri Enterprise after deducting cash discount of 5%. 20/9 Received $5,000 cheque from Faiz Enterprise. 23/9 Cash sales banked the same day, $2,600. 28/9 Paid wages to shop assistant by cheque, $1,200. REQUIRED: Prepare a Three-column Cash Book, balancing it at 30 September 2021. Bring down…

On December 31, 2020, TEJ Company had a cash balance per books of $8,664. The statement from DUABI Islamic Bank on that date showed a balance of $15,900. A comparison of the bank statement with the Cash account revealed the following facts.   NSF check of customer returned by bank $4,200. Check No. 210 was correctly written and paid by the bank for $593. The cash payment journal reflects an entry for Check No. 210 as a debit to Accounts Payable and a credit to Cash in Bank for $539. Bank service charge for December was $100. A payment on account was incorrectly entered in the cash payments journal and posted to the accounts payable subsidiary ledger for $824 when Check No. 318 was correctly prepared for $284. The check cleared by the bank in December. The bank collected a note receivable for the company for $3,000 plus $100 interest revenue. Checks written in December but still outstanding $8,000. Checks written in November but still outstanding $5,150. Deposits of December 29 and 30…

Davos Company performed services on account for $160,000 in Year 1. Davos collected $120,000 cash from accounts receivable during Year 1, and the remaining $40,000 was collected in cash during Year 2. Required a. e. & f. Record the Year 1 transactions in T-accounts and close the Year 1 Service Revenue account to the Retained Earnings account. Record the Year 2 cash collection in the appropriate T-accounts.

The cash register tape for Sheridan Industries reported sales of $27,292.00. Record the journal entry that would be necessary for each of the following situations. (a) Sales per cash register tape exceeds cash on hand by $53.50. (b) Cash on hand exceeds cash reported by cash register tape by $22.00. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 2 decimal places, e.g. 52.75.) No. Account Titles and Explanation Debit Credit (a) (b)

answer in text form please (without image)

answer in text form please (without image)