FIN 380 ASU iCOURSE QUIZ 1 FIN STMTS SOLUTIONS SPR 2024C

A ezto.mheducation.com Question 46 - Exam 1- Connect M MHE Reader * Start Page Exam 1 360/500 Total points awarded Submitted Help Exit 46 In QuickBooks Online, if the Deposit to: Undeposited Funds account is selected on the Invoice, then funds are recorded directly in the 0/10 Multiple Choice points awarded Scored Company owner's checking account. Petty Funds account. Checking Account. Undeposited Funds account. Mc Graw Hill

Question 2 Credit Sales, Credit Purchases & Returns You are to enter the following items in the books, post to personal accounts, and show the transfers to the General Ledger. 20X9 1 Credit purchases from: K Hill £380; M Norman £500; N Senior £106. 3 Credit sales to: E Rigby £510; E Phillips £246; F Thompson £356. 5 Credit purchases from: R Morton £200; J Cook £180; D Edwards £410; C Davies £66. 8 Credit sales to: A Green £307; H George £250; J Ferguson £185. 12 Returns outwards to: M Norman £30; N Senior £16. 14 Returns inwards from: E Phillips £18; F Thompson £22. 20 Credit sales to: E Phillips £188; F Powell £310; E Lee £420. 24 Credit purchases from: C Ferguson £550; K Ennevor £900. 31 Returns inwards from: E Phillips £27; E Rigby £30. 31 Returns outwards to: J Cook £13; C Davies £11. July %D %3D %3D Note : Apart from double entries in the Purchases/Sales Ledger/General Ledger, please also prepare Purchases Day Book, Sales Day Book, Return Inwards & Return Outwards Day Book.

ons Chapter 2 Smallpdf.com X New Microsoft Office Word Docu x + Downloads learn.canadorecollege.ca/d21/le/content/347795/viewContent/1854569/View Question 1: Journal Entries, Ledgers, and Trial Balance After opening their computer sales and service store, the Millers completed the following four transactions: 1. They invested $100,000 in cash in the business. 2. They purchased on credit $10,000 worth of goods from several suppliers. 3. They sold on a cash basis S13,000 worth of products and services. 4. They paid $3,000 for salaries. To do: Use the above information to prepare the following: (what would you document for each transaction?) 1. Journal entries T accounts 2. Ledgers Question 2: The Statement of Income At the end of December 31, 2012, Cougar Inc. 's accounts are as follows: Office salaries $30,000 Finance costs 3.000

HUAWEI P20 Pro LEICA TRIPLE CAMERA |AI Owher of thế business Question 2 (Marks: 25) Willow Traders is a nursery in Diepkloof. It is owned by Violet who is studying part-time at Rosebank College. Willow Traders uses the perpetual inventory system to record inventory transactions. Mark-up is 20% on cost on all good sold. VAT can be ignored on all transactions. The following transactions took place in the month of August 2020: NO DATE TRANSACTION 2.1 1 Owner contributed a delivery vehicle valued at R200 000 2.2 4. Purchased goods for cash R10 000 and received a trade discount of 5% 2.3 6. Sold 10 Pecan Trees at R50 each for cash to Lilly Rogers 2.4 15 Paid R300 cash for an advert in the local newspaper 20 Violet took a rose tree as a birthday present for her sister. Rose tree 2.5 are sold at R75 each 80

Prepare The General Jorunal

Adobe PDF Signatures Files cont Paragraph Styles Adobe Acrobat Voice Sensitivity Reuse Files oblems 1. Danka Corporation collected a $200,000 accounts receivable. What impact will this transaction have on working capital? (Hint: Think of the horizontal equation entry for the collection of accounts receivable and what accounts that will impact) O Focus 203% 1:19 AM search 50°F 10/28/2021

What is the net income?

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Item2 10points   Print Check my workCheck My Work button is now enabled3 Item 2 Use the following bank statement and T-account to prepare the May 31 bank reconciliation.  BANK STATEMENT Date Checks Deposits Other Balance May 1           $ 560 May 4 #2 $ 100 $ 140     600 May 12 #4 190   NSF check $ 140 270 May 28 #5 110       160 May 30 #6 105 560     615 May 31 #8 145   Service charge 95 375   Cash (A) Debit Credit May 1 560     May 3 140 100 May 3 #2     100 May 4 #3     190 May 8 #4     110 May 11 #5     105 May 21 #6 May 29 560 115 May 29 #7 May 30 330 145 May 30 #8 May 31 725

d Question 7 Using the stylized balance sheet below, please 1) finish the balance sheet, and 2) use that information to answer the following question, entering your answer in the place provided. Avg. Interest Amount Avg. Interest Amount Demand Vault Cash $1,262 $1,408 Deposits US Treas. Savings 5.51% 2,372 3.46% 9,071 Securities Deposits Consumer/Bus. 5.76% 12,678 CD's 2.34% ???? Loans Mortgage 6.08% 7,692 Borrowings 5.12% 1,600 Loans Property Equipment Total Assets 986 Equity Total Liab.& ???? Equity 3,433 ???? What is the net interest margin the this bank? (Please enter the answer without the % sign-so - so for instance is the answer is 5.67%, then enter just 5.67) 1.565 er 3.13 margin of error +/- 0.05

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CrazyGames Apply AA Video 20-- Dashboard F v2.cengagenow.com Print Item July. 1 Cash K. Elliot, Capital Owner's original investment My Home Post the journal entries from Step 2 to the following general ledger accounts: Assets Liabilities Revenue 111 Cash 221 Accounts Payable 411 Consulting Fees 115 Supplies 512 Rent Expense 124 Equipment Owner's Equity 515 Telephone Expense 311 K. Elliot, Capital 312 K. Elliot, Drawing If an amount box does not require an entry, leave it blank. 20-- ACCOUNT GENERAL LEDGER Cash VPN 86% C CengageNOWv2 | Online teaching an... 111 1000000 10 000 00 ACCOUNT NO. 111 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT Previous All work saved. Save and Exit Submit Assignment for Grading Pencil

View History Bookmarks Profiles Tab Window Help 1- Proctoring Enable X tproctorio.com/secured#lockdown ng Enabled: Chapter 2 Required Homewor... + Seaport Corp. had the following transactions during 2024: Complete this question by entering your answers in the tabs below. Required 1 Required 2 February 1 Borrowed $20,000 from a bank and signed a note. Principal and interest at 9% will be paid on January 31, 2025. April 1 Paid $5,200 to an insurance company for a two-year fire insurance policy. July 17 Purchased supplies costing $3,600 on account. At the year-end on December 31, 2024, supplies costing $1,650 remained on hand. November 1 A customer borrowed $8,400 and signed a note requiring the customer to pay principal and 7% interest on April 30, 2025. Record each transaction in general journal form. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list Required: 1. Please carefully record each…

PERA Cloud M mar O OpenTable Problem i 0 MC Graw Hill Required information [The following information applies to the questions displayed below.] Vanishing Games Corporation (VGC) operates a massively multiplayer online game, charging players a monthly subscription of $13. At the start of January 2021, VGC's income statement accounts had zero balances and its balance sheet account balances were as follows: Cash Accounts Receivable Supplies Equipment Buildings Land Accounts Payable Deferred Revenue Notes Payable (due 2025) Common Stock Retained Earnings In addition to the above accounts, VGC's chart of accounts includes the following: Service Revenue, Salaries and Wages Expense, Advertising Expense, and Utilities Expense. The following transactions occurred during the January month: $ 1,600,000 174.000 15,100 930,000 510,000 2,050,000 113,000 74,000 94,000 2,500,000 2,498,100 a. Received $57,750 cash from customers on 1/1 for subscriptions that had already been earned and charged on…

Courses Mastering Chernie X 2MateryCheme X loud/modules/unproctoredTest.QuestionSheet McCraith-Sectic x Updte Help Caroline Achienge S01243611acadceduLogout all 2021 I Chapter 1 Consumer Finance / Section 1.5 Digital Exercises Gradebook. Extemat kercises Remaining Time Unimted Suppose you are paid $3,000 per month and your employer's 401(k) matches your contributions by 10% up to a maximum of 15% of your pay. Assuming you max-out your retirement savings and you work for 25 years, how much will the 401(k) be worth when you retire (if you can get an APR of 8% during your work years)? If you are taxed at a rate of 27%, then how much will you have when you retire? Round all answers to 2 decimal places. Before taxes retirement amount $ Number After taxes retirement amount $ Number Submit Assignment Quit & Save Васк Question Menu 4 Next 38°F Partly sunny A 0) 411 PM 11/19/202 end home delete prt sc 144 4+ 4- 40 num lock backspace & 8. 6. 7. home |近

help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working

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https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUr... A LastPass password.... Booking.com Homework McAfee Security Question 10 - Chapter 1 Home X Amazon.com - Onli... ...LastPass Saved Required 1 Required 2 Lita Lopez started Biz Consulting, a new business, and completed the following transactions during its first year of operations. Complete this question by entering your answers in the tabs below. Content a. Lita Lopez invested $60,000 cash and equipment valued at $31,000 in the company in exchange for its common stock. b. The company purchased a building for $43,000 cash. c. The company purchased equipment for $5,300 cash. d. The company purchased $3,600 of supplies and $1,500 of equipment on credit. e. The company paid $870 cash for advertising expenses. f. The company completed a financial plan for a client and billed that client $4,100 for the service. g. The company designed a financial plan for another client and immediately collected a $8,400…

Cashaun Wo x CCU brightspace.wiltech.edu/d2l/le/7659/discussions/topics/2429/View Subscribe New Wave Images is a graphics design firm that prepares its financial statements using a calendar year. Manny Kinn, the company treasurer and vice president of finance, has prepared a classified balance sheet as of December 31. In January, this balance sheet will be submitted along with an application for a loan from First Peoples Community Bank. An excerpt from the balance sheet follows: Cash $ 25,000 Accounts Receivable 85,000 Total Assets $ 250,000 The accounts receivable balance includes a $56,000 loan to Tom Morrow, the company president. Tom borrowed the money from New Wave 18 months earlier for a down payment on a new home. Tom has orally assured Manny that he will pay off the loan within the next year. Because Tom is the company president, Manny treats the amount due as a trade account receivable. In addition, Manny knows that the bank will consider a large balance in trade accounts…

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► YouTube W West Chester Uni.... L Question 3: Evaluating customer profitability. You own a credit card company. You want to evaluate the profitability of customers A and B. customer A customer B $2,000 $800 80 200 80 4 credit card balance number of transactions number of customer-support calls The only source of revenue from customers is the interest that you charge on credit card balances. You charge customers an interest rate of 40%. Thus, if the credit card balance is $1,000, reven $1000*0.4 $400. Variable costs are zero for simplicity. From your ABC system, the activity rates are $1 per transaction and $8 per customer-support call. a) Compute revenue, costs, and profit margin for each customer. customer A customer B Revenue Vintage Camera Variable costs Contribution margin Allocated costs - transactions Allocated costs - customer support $ $ $$ $$ $ $$ 774 If you get rid of customer A, profit will: O decrease by $40 in the long term O decrease by $800 in the long term O remain the…

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= ABM-11_FAMB1_Q1_W4_Mod5 16 Home Insert View Review Pen АCTIVITIES Independent Activity: Directions: Determine what ACCOUNT TITLE and group according to MAJOR ACCOUNT. Fill in the chart. 1. He purchased table napkins worth P200 to be used in your barbecue operations. 2. The customer with the P500 account receivable is broke you have estimated that you can only collect P420 from him. 3. He hired a helper in a barbecue business. The employee earns compensation of P8,000. 4. The cost of barbecue that was sold for P500 is P300. 5. He paid Justin Bieber P5,000, 000 to endorse the product. 6. On your total account receivable of P500, you expect to collect only about P480. 7. The barbeque grill was stolen. 8. He received an order of barbecue worth P800. The customer paid the sale price but instructed you to deliver the barbecue next week 9. He made a temporary withdrawal of P200 from your barbecue business. 10. He expects to use the barbecue grill for 5 years. •Source: Andres, C.S., et al.…

Journal Entry for Owner's Withdrawal Prepare a journal entry on June 30 for the withdrawal of $13,500 by Claire Hope for personal use. If an amount box does not require an entry, leave it blank. June 30   13,500     Cash    13,500 Need to know if the box by June 30 is cash, accounts payable, accounts receivable, Claire Hope: Capital, Claire Hope: Drawing

ⓘ edugenwileyplus.com/edugen/ti/main.uni 11\田回 Return to Blackboard Weygandt, Accounting Principles, 13e Help I System Announcements CALCULATOR PRINTER VERSION BACK NEX RCES Exercise 6-01 H Your answer is incorrect. Try again Tri-State Bank and Trust is considering giving Sheridan Company a loan. Before doing so, management decides that further discussions with Sheridan's accountant may be Part 1 | desirable. One area of particular concern is the inventory account, which has a year-end balance of $341,000. Discussions with the accountant reveal the following eo1. sheridan shipped goods costing $35,000 to Lija Company. FOB shipping point, on December 28. The goods are not expected to arrive at Lilja until January 12. The goods were not included in the physical inventory because they were not in the warehouse 2. The physical count of the inventory did not include goods costing $91,000 that were shipped to Sheridan FOB destination on December 27 and were still in transit at year-end. 3.…