Ramallah computer repair service company was established in January of 2018. For its second year of operations and at 31/12/2019 the adjusted balances were as follows: $ 6,000 8,000 10,000 380,000 2,000 Account Advertising Expense |Cash Rent Service trucks Таx Expense Accounts receivable 146,000 4,600 460,000 Insurance Expense Revenue from repairs Wages Payable Accounts Payable J. Ali Capital Arab Bank Accumulated depreciation - Equipment Utilities expense Accumulated depreciation-service trucks J. Ali drawing Parts and supplies on hand Miscellaneous Expenses Prepaid insurance Depreciation expense Parts and supplies expense Salaries Equipment 26,000 37,000 750,000 77,000 14,000 7,000 38,000 20,000 99,000 5,400 15,000 12,000 67,000 118,000, 340,000 The accounts are listed in random order Required: A prepare a coded chart of accounts for the company B prepare a trial balance in good form C prepare an Income statement for the company

Benwick Company borrowed $56,000 cash on October 1, 2022, and signed a nine-month, 9% interest-bearing note payable with interest payable at maturity. Assuming that adjusting entries have not been made during the year, the amount of accrued interest payable to be reported on the December 31, 2022 balance sheet is which of the following? Group of answer choices $630. $756. $1,260. $1,890.

Marx Corporation has accounts receivable of $96,000 at March 31, 2018. An analysis of the accounts shows these amounts.     Balance, March 31   Month of Sale   2018   2017   March (current)   $65,900   $76,200   February (1 – 30 days past due)   12,900   7,900   December and January (31 – 90 days past due)   10,100   2,100   (over 90 days past due)   7,100   1,200       $96,000   $87,400   Credit terms are 2/10, n/30. At March 31, 2018, there is an unadjusted $2,300 credit balance in Allowance for Doubtful Accounts. The company uses the percentage of receivables by age category for estimating uncollectible accounts Marx’s estimates of bad debts are as shown below. Age of Accounts   Estimated PercentageUncollectible   Current   3%   1–30 days past due   6%   31–90 days past due   30%   Over 90 days past due   50% Prepare the adjusting entry at March 31, 2018, to record bad debts expense.

McNamara Industries completed the following transactions during 2024: (Click the icon to view the transactions.) Journalize the transactions. Explanations are not required. Round to the nearest dollar. (Record debits first, then credits. Exclude explanations from journal entries.) Nov. 1: Made sales of $16,000. McNamara estimates that warranty expense is 5% of sales. (Record only the warranty expense.) Date Accounts Debit Credit Nov. 1 More info Nov. 1 Nov. 20 Dec. 31 Dec. 31 ← Made sales of $16,000. McNamara estimates that warranty expense is 5% of sales. (Record only the warranty expense.) Paid $500 to satisfy warranty claims. Estimated vacation benefits expense to be $3,500. McNamara expected to pay its employees a 4% bonus on net income after deducting the bonus. Net income for the year is $25,000. Prin Done X