I would like to get help from this activity Activity 5 G82030000481589MODULE 5 | Non-profit organisationsThe following information was obtained from the books of Golden Years Old Age Home on 30 June 20X1,the end of the financial period.On 1 July 20X0 fees amounting to R48 200 were still outstanding.On 1 July 20X0 fees paid in advance for the next financial periodwere R35 900.During the period 1 July 20X0 to 30 June 20X1 fees amounting toR1 467 390 were received.On 30 June 20X1 fees amounting to R62 930 were still outstanding.GoldenOld Age HomeYearsOn 30 June 20X1 fees paid in advance for the next financial period were R25 390.Of the outstanding fees on 1 July 20X0, R35 190 was recovered. The balance of the outstanding fees on thatdate was written off as irrecoverable.RequiredShow the necessary entries in the books of the Golden Years Old Age Home.H/W

1. Outstanding Fees on 1 July 20X0Debit: Accounts Receivable (Outstanding Fees) R48,200Credit: Fees…

Answered: Activity 5 G 8 20 30 000481589 MODULE 5…

Quickbooks Online Accounting

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Chapter4: Operating Activities: Sales And Cash Receipts

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Problem 4 – On 1/1/21 Holiday Charity receives a $300,000 pledge to be received $50,000 every 12/31 for the next 6 years. Required; a. Calculate the present value of the pledge assuming an appropriated discount rate of 3%. b. Prepare the necessary journal entries on the following dates; 1/1/21 12/31/21
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On 26 February 2021, Africa Traders paid its telephone expenses to the amount of R3 500 (VAT inclusive) with an electronic funds transfer. Africa Traders is a registered VAT vendor. The VAT rate is 15%. What is the VAT amount that will be recorded in the applicable journal of Africa Traders? O a. R446,25 O b. R456,52 O c. RO,00 O d. R525,00
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Problem 12-24 (c) (LO. 3, 7) Tahmid, a calendar year taxpayer, informs you that during the year he incurs expenditures of $56,000 that qualify for the incremental research activities credit. In addition, Tahmid's research-credit base amount for the year is $41,000. a. Determine Tahmid's incremental research activities credit for the year. 1,440 x Feedback v Check My Work In general, research expenditures qualify if the research relates to discovering technological information that is intended for use in the development of a new or improved business component of the taxpayer. Such expenses qualify fully if the research is performed in-house (by the taxpayer or employees). If the research is conducted by persons outside the taxpayer's business (under contract), only a percent of the amount paid qualifies for the credit. b. Tahmid is in the 24% tax bracket. Determine which approach to the research expenditures and the research activities credit (other than capitalization and subsequent…
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