17.17 The electricity account for Jingles Co for the year ended 30 June 20X1 was as follows.Opening balance for electricity acerued at 1 July 20X0Payments made during the year1 August 20X0 for three months to 31 July 20XO1 November 20X0 for three months to 31 October 20X01 February 20X1 for three months to 31 January 20X130 June 20X1 for three months to 30 April 20X1300600720900840Jingles Co expects the next bill due in September to be for the same amount as the bill received in JuneWhat are the appropriate amounts for electricity to be included in the financial statements of Jingles Cofor the year ended 30 June 20X1?Statement offinancial position$560$560$860$860Statement ofprofit or loss$3,320$3,060$3,320$3,060000.302000ABCD

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17.17 The electricity account for Jingles Co for the year ended 30 June 20X1 was as follows. 24 300 Opening balance for electricity acerued at 1 July 20XO Payments made during the year 1 August 20X0 for three months to 31 July 2OXO 1 November 20X0 for three months to 31 October 20X0 1 February 20X1 for three months to 31 January 20X1 30 June 20X1 for three months to 30 April 20X1 600 720 900 840 Jingles Co expects the next bill due in September to be for the same amount as the bill received in June What are the appropriate amounts for electricity to be included in the financial statements of Jingles C for the year ended 30 June 20X1? Statement of financial position $560 $560 $860 $860 Statement of profit or loss $3,320 $3,060 $3,320 $3,060 000 ABCD

17.17 The electricity account for Jingles Co for the year ended 30 June 20X1 was as follows. 24 300 Opening balance for electricity acerued at 1 July 20XO Payments made during the year 1 August 20X0 for three months to 31 July 2OXO 1 November 20X0 for three months to 31 October 20X0 1 February 20X1 for three months to 31 January 20X1 30 June 20X1 for three months to 30 April 20X1 600 720 900 840 Jingles Co expects the next bill due in September to be for the same amount as the bill received in June What are the appropriate amounts for electricity to be included in the financial statements of Jingles C for the year ended 30 June 20X1? Statement of financial position $560 $560 $860 $860 Statement of profit or loss $3,320 $3,060 $3,320 $3,060 000 ABCD

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Complete accrued interest payable and journal entry 1-2 Dec 31 please and thank you 1-record the accrued interest expense 2-record the payment of note at maturity on February 5th
A8
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