Part B ( 7 marks)  (Note this question IS related to Part A) SuperElectronics Limited Adjusted Trial Balance As at 30 June 2020   Debit Credit   $ $ Cash 87,000   Accounts receivable 89,000   Allowance for Doubtful debts   4,300 Supplies 4,000   Plant & Equipment 218,000   Accumulated depreciation   64,000 Accounts Payable   38,000 Wages Payable   11,500 Loan payable ( not due until 2025)   50,000 Share capital   100,000 Retained Earnings   105,250 Dividends paid 10,000   Sales Revenue   368,000 Interest revenue   1,120 Doubtful debts expense 2,460   Depreciation expense 19,680   Rent & utilities expense 19,230   Wages and Salaries expense 281,000   Advertising expense 9,300   Interest expense 2,500   Totals 742,170 742,170   Required Prepare the Statement of Financial Position ( Balance Sheet) as at 30 June 2020. Classify assets and liabilities into current and non-current. (7 marks) (Hint- use the Retained Earnings Balance you calculated in Part A of this question)

TB MC Qu. 5-165 (Algo) On August 1, 2024, a company lends cash and accepts... On August 1, 2024, a company lends cash and accepts a $17,000 note receivable that offers 12% interest and is due in nine months. How would the company record the year-end adjusting entry to accrue interest in 2024? (Do not round intermediate calculations. Round your answer to the nearest dollar amount.) Transaction A. B. C. D. Account Title Interest Revenue Interest Receivable Interest Receivable Interest Revenue Interest Receivable Interest Revenue Interest Receivable Interest Revenue Multiple Choice Option A Option B O Option C Option D Debit Credit 936 2,040 936 850 936 2,040 936 850

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On January 1, 2021, the general ledger of ACME Fireworks includes the following account balances:Accounts                                                 Debit                    CreditCash                                                       $ 25,100Accounts Receivable                                 46,200Allowance for Uncollectible Accounts                                 $ 4,200Inventory                                                   20,000Land                                                          46,000Equipment                                                15,000Accumulated Depreciation                                                   1,500Accounts Payable                                                                28,500Notes Payable (6%, due April 1, 2022)                                50,000Common Stock                                                                    35,000Retained Earnings…

Required information Exercise 9-21 Complete the accounting cycle using long-term liability transactions (LO9-2, 9-8) [The following information applies to the questions displayed below.] On January 1, 2021, the general ledger of Freedom Fireworks includes the following account balances: Debit $ 11,700 35,000 152,500 72,300 125,000 Accounts Credit Cash Accounts Receivable Inventory Land Buildings $ 2,300 10, 100 23, 200 205,000 155,900 Allowance for Uncollectible Accounts Accumulated Depreciation Accounts Payable Common Stock Retained Earnings Totals $396,500 $396,500 During January 2021, the following transactions occur: Borrow $105, 000 from Captive Credit Corporation. The installment note bears interest at 6% annually and matures in 5 years. Payments Receive $31, 500 from customers on accounts receivable. January $2,030 are required at the end of ead onth for 6e months. January 4 January Pay cash on accounts payable, $16,000. 10 January Pay cash for salaries, $29,400. 15 January…

BE8.9 (LO 3), AN Presented below are data on three promissory notes. Determine the missing amounts. Date of Note Terms Maturity Date Principal Annual Interest Rate Total Interest a. April 1 60 days ? $600,000 9% ? b. July 2 30 days ? 90,000 ? $600 c. March 7 6 months ? 120,000 10% ? BE8.10 (LO 3), AP On January 10, 2022, Masterson Co. sold merchandise on account to Tompkins for $8,000, terms n/30. On February 9, Tompkins gave Masterson Co. a 7% promissory note in settlement of this account. Prepare the journal entry to record the sale and the settlement of the accounts receivable. (Omit cost of goods sold entries.)\\n

Current Attempt in Progress Presented below are data on three promissory notes. Determine the missing amounts. (Use 360 days for calculation. Do not round intermediate calculations.) Date of Note April 1 July 2 March 7 Save for Later Terms 60 days 30 days 6 months Maturity Date # Principal $720,000 90,000 125,200 Annual Interest Rate 5% $ 9% $ Total Interest Attempts: 0 of 1 used $600 Submit Answer

Past-Due Category 0-30 days 31-90 days Over 90 days Accounts Receivable Total $22,480 36,540 15,330 Percentage Uncollectible 6% 17% 25% Based on the aging schedule above, the total uncollectible estimated bad debt for Growth Markets, LLC is [round your answer to the nearest dollar & include the dollar sign, $, in your answer)

On December 31, 2025 Blossom company performed environmental consulting service for Hindu company was short of cash and blossom company agreed to accept 340,000 zero interest Barry no due December 31, 2027 as payment in full is somewhat of a credit risk and typically borrows funds at a rate of 12% Blossom is much more credit worthy and has various lines of credit at 6%Assuming blossom companies physical year end is December 31, prepared the journal entry for December 31, 2027