3 Problem 2- Enter the appropriate adjustments in the yellow boxes. Write any notes you have beside (in Column D & to the right in green)4 Add back an amount, deduct an amount, or put 0 if no reconciliation adjustment.56 Net income (financial statements)78 Adjustments to reconcile:910 1. Income tax expense11 2. Warranty12 3. Financing share issuance costs13 4. Instalment interest14 5. Amortization expense15 5.CCA16 6. Yacht club dues17 6. Meals & entertainment @ club18 7. Christmas party19 8. Meals for remote workspace employees20 9. Accounts receivable reserve adjustment- for 202321 9. Accounts receivable reserve adjustment- for 202422 10. Convention costs23 11. Site investigation costs24 12. Donations25 13. Landscaping costs26 14. Pension27 15. Bonuses28 16. Interest expense amortization-bond29 17. Interest costs on financed vehicle30 18. Premiums on life insurance31 19. Appraisal costs for real estate sale3233 Net income for tax purposes3435100,500.00100,500.00Notes/work shown:

In financial accounting and taxation, the process of reconciling net income on financial statements…

Answered: 3 Problem 2- Enter the appropriate…

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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6 - Which of the following is the account and amount that should appear in the dotted places in the journal article above? a) 191 VAT Deductible 5.400 TL B) 391 VAT to be calculated Hs. 5.400 TL NS) 391 Calculated VAT Hs. 6.300 TL D) 360 Taxes and Funds Payable Hs. 5.400 TL TO) 191 VAT Deductible 5,000 TL
ok D Int = Print Compute the annual dollar changes and percent changes for each of the following accounts. (Decreases should be indicated with a minus sign. Round percent change to one decimal place.) 0 ferences # Short-term investments Accounts receivable Notes payable Percent Change = Short-term investments Accounts receivable Notes payable Type here to search Esc fo F1 1 X F2 $ Current Year $ 378,252 100,583 @ 2 0 Horizontal Analysis - Calculation of Percent Change Numerator: 1 Current Year F3 20 #m Prior Year $ 236,897 104,503 91,702 3 378,252 $ 100,583 F4 0 S4 Prior Year $ 236,897 104,503 91,702 F5 $ % 5 Denominator: Dollar Change F6 111,355 (3,920) (91,702) DELL F7 A Percent Change 29.4 % (26.7) % (100.0) % 6 F8 & 7 0 F9 * a 8 F10 9
General Computers Inc. purchased a computer server for $65,500. It paid 25.00% of the value as a down payment and received a loan for the balance at 6.50% compounded semi-annually. It made payments of $2,400.41 at the end of every quarter to settle the loan. a. How many payments are required to settle the loan? o payments Round up to the next payment b. Fill in the partial amortization schedule for the loan, rounding your answers to two decimal places. Payment Number 0 11 Payment $0.00 $0.00 Interest Portion Principal Portion 50.00 50,00 SUBMIT QUESTION $0.00 50.00 Principal Balance $49.125.00 $0.00 $0.00
Required information ©lmage Source, all rights reserved. Knowledge Check 01 The times interest earned ratio is computed as: O interest expense times income before interest expense and income taxes. income before interest expense and income taxes divided by interest expense. income before interest expense divided by interest expense. O income before income taxes divided by income taxes. > F5 F4 F8 94 F7 F10 6- LL %23 2$ % 5. 9. 6. R
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Following the calculation for years 1 and 2, what would be the payment adjustments and loan balances for years 3 to 5? Replicate the numbers in the table.
Chapter 6 Practice Problem #6
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PA15. LO 5.3 Using the following account balances, calculate for the two years presented: A. working capital B. current ratio 12/31/2018 12/31/2019 $ 6,000 12,750 Unearned revenue $12,600 Cash 33,200 9,000 Prepaid rent Supplies Taxes payable Wages payable 6,000 2,500 5,600 4,800 8,500 5,500 9,250
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Mallings Review View Help e Search AaBbCcDd AaBbCcDd AaBbC AaBb AaBbCcD 三加三三、、田、 1 Normal 1 No Spac. Heading 1 Heading 2 Heading 3 Paragraph Styles 1) Find the amount accumulated FV in the given annuity account. (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.) $2,800 is deposited quarterly for 20 years at 5% per year FV = $ 梦 0 93

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