Sharp Outfitters Unadjusted Trial Balance July 31, 2020   Debit     $ Credit     $ Cash 3750   Supplies 8600   Prepaid Insurance 3200   Equipment 95000   Accumulated Depreciation   16500 Accounts Payable   3500 Unearned rental fees   8850 C.Sharp, Capital   39000 C.Sharp, Drawing 1200   Rental fees earned   78000 Wages expenses 27800   Rent expense 3300   Advertising expense 2300   Travel expense 700         TOTAL       145850                  145850 Sharp Outfitters’ fiscal year ends on July 31 and its accounts are adjusted on a monthly basis. The following additional information are available: 1. Supplies on hand at July 31, amount to $3,300 2. Insurance expense for the month is $600 3. Depreciation for the full year is $8,250 4. The unearned rental fees consist of deposits received from customers in advance when reservations are made. During the month, $2,850 of the unearned rental fees was earned. The remaining deposits apply to rentals for August and September 2020. 5. At July 31, revenue from rental services earned during July but not yet billed or received amounts to $2,500. (Note: Debit Fees Receivable.) 6. Accrued wages payable for equipment handlers and guides amounts to $900 at July 31. REQUIRED: Prepare a worksheet using the adjustment data given above.

28 The following balances were extracted from the books of AL Masa Cleaning Services at 31st December, 2020: Cash BD13900 Accounts - Receivable BD2000 Equipment BD6000 Accounts Prepaid Rent BD4000 - Payable BD14000 - Beginning Capital BD16000 Investment during the year BD3200 Withdrawals BD800 Service Revenues BD8300 - Wages Expense BD600 - Utilities Expense BD2500 Supplies Expense BD1100 - Rent Expense BD3300 Fees Income BD2700- Furniture BD10000. Required: compute the amount and show solution steps of: 1- Total current assets. 2- Total fixed assets. *

Trial Balance as at 30 September 2021     Dr Cr   $ $ Equity   2,300,000 Sales   4,281,923 Purchases 1,893,612   Carriage Outwards 43,000   Drawings 15,000   Rent & Rates 96,000   Stationery 25,962   Advertising 100,000   Salaries & Wages 325,711   Returns 5,296 3,481 Bad Debts 33,250   Rent Receivables   100,000 Provision for Depreciation            -Building   390,000        -Motor Vehicle   160,000        -Equipment   450,000 Carriage Inwards 56,009   Bank   25,000 Inventory, 1 October 2017 120,000   Equipment – at cost 1,500,000   Building – at cost 2,600,000   Motor Vehicle – at cost 800,000   Land 1,500,000   Commission Receivable   6,200 Discounts 12,693 32,158 Trade receivables 298,730   Trade payables   226,501 Cash 50,000…

Spring 2021 Final Exam(2) Saved to this PC - егences Mailings Review View Help AaBbCcD AaBbCcDc AaBbC AaBbCcC A aB 三。 I Normal T No Spac. Heading 1 Неading 2 Title Paragraph Styles 6-Dyson Manufacturing Company had the following financial statement results for last year. Net sales were $1.2 million with net income of $90,000. Total assets at year-end amounted to $900,000. a. Calculate Dyson's asset turnover ratio and its profit margin. b. What is Dyson's rate of return on assets. 7-Marriot Corporation has two bond issues outstanding, each with a par value of $1,000. Information about each is listed below. Suppose market interest rates rise 2 percentage point across the yield curve. What will be the change in price for each of the bonds? Does this tell us anything about the relationship between coupon rate and interest rate risk? Bond A: 10 years to maturity, 0 percent coupon, market interest rate is 10 percent. Bond B: 10 years to maturity, 10 percent coupon, market interest rate is 10…