2 3 Cash 4 Accounts Receivable 1 Prepare the statement of Financial Positioning The December 31, 20XY trial balance of Alpha Co. a hybrid business that venture into providing service and merchandising business, show the following information 5 Allowance For Bad Debts 6 Notes Receivable (Trade) 7 Inventory 8 Prepaid Supplies 9 Prepaid Rent 10 Prepaid Insurance 11 Land 12 Building 13 Accumulated Depreciation - Bldg A 14 Equipment 15 Accumulated Depreciation - Equipment 16 Accounts Payable 17 Notes Payable - Short-Term Loan 18 19 Notes Payable - Long-Term Loan (P50,000 due within 1 year) 20 Interest Payable 21 Salaries Payable 22 Utilities Payable 23 Unearned Income 24 Owner's Capital 25 B 35,000.00 125,000.00 12,000.00 250,000.00 25,000.00 30,000.00 15,000.00 1,250,000.00 2,200,000.00 850,000.00 4,792,000.00 USE EXCEL AND SHOW FORMULAS FOR UPVOTE :) 35,000.00 1,800,000.00 320,000.00 125,000.00 300,000.00 1,500,000.00 75,000.00 125,000.00 10,000.00 45,000.00 457,000.00 4,792,000.00

2 3 Cash 4 Accounts Receivable 1 Prepare the statement of Financial Positioning The December 31, 20XY trial balance of Alpha Co. a hybrid business that venture into providing service and merchandising business, show the following information 5 Allowance For Bad Debts 6 Notes Receivable (Trade) 7 Inventory 8 Prepaid Supplies 9 Prepaid Rent 10 Prepaid Insurance 11 Land 12 Building 13 Accumulated Depreciation - Bldg A 14 Equipment 15 Accumulated Depreciation - Equipment 16 Accounts Payable 17 Notes Payable - Short-Term Loan 18 19 Notes Payable - Long-Term Loan (P50,000 due within 1 year) 20 Interest Payable 21 Salaries Payable 22 Utilities Payable 23 Unearned Income 24 Owner's Capital 25 B 35,000.00 125,000.00 12,000.00 250,000.00 25,000.00 30,000.00 15,000.00 1,250,000.00 2,200,000.00 850,000.00 4,792,000.00 USE EXCEL AND SHOW FORMULAS FOR UPVOTE :) 35,000.00 1,800,000.00 320,000.00 125,000.00 300,000.00 1,500,000.00 75,000.00 125,000.00 10,000.00 45,000.00 457,000.00 4,792,000.00

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Description: 23Cash4 Accounts Receivable1 Prepare the statement of Financial PositioningThe December 31, 20XY trial balance of Alpha Co. a hybrid business that venture into providing service and merchandising business, showthe following information5 Allowance Fo

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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Concept explainers

Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is

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Question

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2
3
Cash
4 Accounts Receivable
1 Prepare the statement of Financial Positioning
The December 31, 20XY trial balance of Alpha Co. a hybrid business that venture into providing service and merchandising business, show
the following information
5 Allowance For Bad Debts
6 Notes Receivable (Trade)
7 Inventory
8 Prepaid Supplies
9 Prepaid Rent
10 Prepaid Insurance
11 Land
12 Building
13 Accumulated Depreciation - Bldg
A
14 Equipment
15 Accumulated Depreciation - Equipment
16 Accounts Payable
17 Notes Payable - Short-Term Loan
18
19 Notes Payable - Long-Term Loan (P50,000 due within 1 year)
20 Interest Payable
21 Salaries Payable
22 Utilities Payable
23 Unearned Income
24 Owner's Capital
25
75
B
35,000.00
125,000.00
12,000.00
250,000.00
25,000.00
30,000.00
15,000.00
1,250,000.00
2,200,000.00
850,000.00
4,792,000.00
USE EXCEL AND SHOW FORMULAS FOR UPVOTE :)
35,000.00
1,800,000.00
320,000.00
125,000.00
300,000.00
1,500,000.00
75,000.00
125,000.00
10,000.00
45,000.00
457,000.00
4,792,000.00

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Mementos Academy is assessing whether to outsource its student enrolment processes. The general process followed by staff in the enrolment office is to first validate students’ prior academic record (e.g., secondary school results) and send an offer of enrolment, provide degree advice and enter students’ study program details into the student record system, and collect fees. The following table shows the costs associated with these three processes: Cost Validation Student records Fees collection Staff salaries 70,400 43,900 39,700 Data processing 9,200 32,500 7,900 Telephone 1,700 4,600 3,000 Postage - 1,500 4,000 Consumables 3,700 45,900 11,800 Electricity 1,600 3,100 3,000 Equipment depreciation 12,200 35,800 31,900 Insurance…
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