39.3X Prepare the final accounts of the Printers'Cooperative Credit Union Ltd for the year ended31 December 2015 from the following trial balanceas at 31 December 2015.Accounting expensesAuditor's remunerationAdvertising and publicityRepairs and maintenanceGeneral expensesAffiliation feesMortgage with building society(repayable over period 5-15 years)Loans to membersBuildings at costMotor vehicles at costProvision for depreciation: buildingsProvision for depreciation: motorvehiclesCash and bank balancesInterest income:Interest on members' loansInterest on investmentsInterest on members' depositsMembers' deposits [repayable atshort notice)Undistributed surplus from last yearStatutory reserveShare capitalInvestmentsDr$8,4001,9503,0602,1004,6302,000271,600220,00030,00052,7706,220Cr167,600770,330$115,50060,00010,00034,60011,18061,4007,65040,000430,000770,330The following must be taken into consideration ason 31 December 2015:(a) accrued affiliation fees of $500: honorarium toretiring secretary of $1,500[b] advertising prepaid, $480(c) provide for depreciation: buildings at 2% of cost;motor vehicle at 10% of cost(d) transfer to statutory reserve 10% of year'ssurplus(e) proposed dividends: 2% of share capital.

Final accounts are the financial statement of the company which includes income statement and the…

Answered: 39.3X Prepare the final accounts of the…

FINANCIAL ACCOUNTING

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Chapter1: Financial Statements And Business Decisions

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A credit sale of $3800 is made on April 25, terms 1/10, n/30, on which a return of $300 is granted on April 28. What amount is received as payment in full on May 4? $3465 • $3800 • $3500 Ⓒ $3762
A5
nces On 1 October 20X6, Halpern Co borrowed $180,000 from Canada Bank The note has a two-year term, and requires that interest of 9% be paid each 30 September, with the principal payable 30 September 20X8 Required: Provide all entries for the note from 20X6 to 20X8 (If no entry is required for a transaction/event. select "No journal entry required" in the first account field.) View transaction list 1 Record the borrowings from Canada Bank. 2 Record the accrual of intest for the period ending 31st December 20x6. a Record the interest payment on 30 September 20x7. 4 Record the accrual of interest for the period ending 31st December 20X7 5 Record the interest payment on 30 September 20X8. Record the repayment of borrowings to Canada Bank 6 Note: journal entry has been entered Record entry Clear entry EX - - 2 Credit View gener al journal
US Kiumel, finamclal Accounting, Se Hele I Syotem Aenouncements CALLAT Briel Exercise 8-11 he 20117 financial staternents of 3M Company report net sales of $25.3 billion. Accounts receivable (net) are $3.00 billion at the beginning of the year and $3.24 billion at the cde Compute 3M Company's receivable turnover. (Round answer to 1 decimal place, e.g. 12.5.) Accounts receivable turnover ratio times SHOW LIST OF ACCOUNTS LINK TO TEXT INTERACTIVE TUTORIAL Compute 3M Company's average collection period for accounts receivable in days. (Round answer to 1 decimal place, e.g. 12.5. Use 365 days for calculation.) Average collection period days Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT INTERACTIVE TUTORIAL Question Attempts: 0 of 3 usec
What are the answerr for questions number 14-16?
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A8
PAGE 11 ACCOUNTING FOUATION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY Widmer Company had gross wages of $200,000 during the week ended June 17. The amount of wages subject to social security tax was $200,000, while the amount of wages subject to federal and state unemployment taxes was $30,000. Tax rates are as follows: General Journal a. Journalize the entry to record the payroll for the week of June 17. b. Journalize the entry to record the payroll tax expense incurred for the week of June 17. Social security 6.0% Medicare 1.5% State unemployment 5.4% Federal unemployment 0.8% The total amount withheld from employee wages for federal taxes was $40,500. General Journal Instructions Required: a. Journalize the entry to record the payroll for the week of June 17. b. Journalize the entry to record the payroll tax expense incurred for the week of June 17 1 2 4 DATE DESCRIPTION 5 9 7 B 9 10 JOURNAL

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39.3X Prepare the final accounts of the Printers' Cooperative Credit Union Ltd for the year ended 31 December 2015 from the following trial balance as at 31 December 2015. Accounting expenses Auditor's remuneration Dr $ 8,400 1,950 2010