Aika wishes to set aside a total of P60,000 as savings for the year 2022. She p at a bank that offers 3% annual interest rate, compounded monthly. She is c hese deposits during the year. For options A and B given below, determine t he withdrawable balance by January 1, 2023. A. P30,000 deposits on June 1 and September 1, 2022 3. P20,000 deposits on June 1, August 1, and October 1, 2022

Q: When your accountant is working with the Accountant's Copy of your data file, you cannot Select one:…

A: An Accountant's copy, also known as an Accountant's copy file, is a feature in accounting software…

Q: d. Depreciation of the factory equipment, $26,000. Description Debit Cred e. Depreciation of the…

A: "Since you have posted a question with multiple sub parts, we will solve first three sub parts for…

Q: help please answer in text form with proper workings and explanation for each and every part and…

A: Step 1: General Account Entries on Invoice: Following below are the conventional entries in the…

Q: Prepare an income statement from a list of accounts. I do not understand what it is telling…

A: Income statement:The financial statement which reports revenues and expenses from business…

Q: repare the journal entries necessary to record these transactions. (Record journal entries in the…

A: Introduction: Certain deductions are required to made from the employee wages such as: 1. CPP…

Q: 7. During March, a company's Department X equivalent unit product costs, computed under the weighted…

A: WIP inventory = Work-in-process inventory The question says that 4000 units are in WIP at March 31.…

Q: M2 Project wVU MIX Username: De you intend to major in one of the College of Business and Economic's…

A: Assets=Liabilities+Shareholders' Equity

Q: Make a general ledger for this general journal below

A: General ledger is a keeping record on the basis of journal entries or transactions recorded by the…

Q: The Maintain; Chart of Accounts window can be used to revise accounts in the chart of accounts.…

A: Accounting is the process that is followed by a business in order to record their financial…

Q: Direction: Explain the following statements/question in not less than 5 sentences.  DO NOT USE THE…

A: Contingent assets and liabilities are potential economic benefits and obligations that may impact a…

Q: A check mark below the columnar totals of any special journal is an indication that A. no posting is…

A: Special journals are journals that record frequent transactions in a simple way

Q: Determine (a) the accounts receivable turnover and (b) the number of days' sales final answers to…

A: Solution: Number of days sales in receivable represents the average number of days a company takes…

Q: Choose only one answer as well as state their reasons/rationale for the answer chosen. 8) A data…

A: The answer is provided as follows:

Q: 1 Name: 2 Your score: 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30…

A: INCOME STATEMENT Income statement is one of the Important Financial Statement of the Company &…

Q: When an invoice is it is removed from the customers register. Question 16Answer a. Voided b. Deleted…

A: A core concept is a basic and necessary notion or principle that serves as the foundation of a…

Q: g. Office prepaid rent that expired during the period, $2,000. Description Debit Credit h. Other…

A: "Since you have posted a question with multiple sub parts, we will solve first three sub parts for…

Q: Sylvan Systems only uses Advo for marketing and advertising. How can Sylvan speed up its payment…

A: The need to speed up payment entries arises when a company has frequent transactions with a…

Q: For the step 2 the totall in missing in the board The journal entry doesn't follwoing the one in my…

A: A partnership is a form of business in which two or more people undertake a joint operation or…

Q: Record the following transactions in the General Journal of KBC Decorating Co., making note of the…

A: HST is payable to the government when goods are sold to the customer and HST is collected from him.…

Q: 9. What is a contract account? Give an example.

A: Introduction: An account is a recording in an accountancy monitoring system of the financial actions…

Q: can someone give me a decription and or analysis of the following:

A: The attached picture shows different financial metrics for a company for 2 periods - 2019 and 2018.…

Q: Which order(s) does not pass the three-way match? Select the best answer. Invoice Total PO Qty…

A: The three-way matching process is a standard procedure in accounting and procurement to ensure…

Q: (a) Prepare the journal entry to record the original issuance of the convertible debentures. (List…

A: Journal entries are recorded in the books of account by adhering to the double-entry bookkeeping…

Q: The following transactions were completed by the company.

A: It is the equation that states that the total assets of an entity is equal to the sum of total…

Q: 3 points Save Answer Goremann Corp (GC) has a total market value of $524 million. The market value…

A: The company is operating activities for the purpose of gain profit. The profit is then distributed…

Q: Journalize the following entries for the seller using the perpetual method. On March 15, Monroe…

A: Inventory valuation is an important task of a firm as it affect both income and assets of the firm.…

Q: The classes/categories of account that are always debited except when closing, correcting error,…

A: The objective of the question is to identify the classes or categories of accounts in accounting…

Q: Use the following information for exercise 15 to 18 LO P2 [The folowing information apples to the…

A: Given: Revenue = $12,820 Rent expenses = $2,530 Salaries expenses = $5,780 Telephone expenses = $790…

Q: a. Only whole numbers are to be entered as answers. Therefore, DO NOT put any signs in such as $, %,…

A: Predetermined Overhead rate Predetermined Overhead rate  is used to apply overheads to the products…

Q: Required Determine the effect, if any, of each of the errors on the following items. Give the dollar…

A: Inventory : Overstating inventory means that the reported amount for the cost of a company's…

Q: c. Round your answer to the nearest whole number, i.e. no decimal points. So if your answer is…

A: Cost accounting is widely used by cost accountants and management accounts by which the cost per…

Q: Cheyenne Corp.purchased a put option on Sunland common shares on July 7,2021, for $110. The put…

A: Journal entry is a process of recording the business transactions in the books of accounts for the…

Q: A Cheque Log can be printed for the cheques received from customers. Select an answer and submit.…

A: Answer:- false .

Q: 14. In periods of inflation, use of FIFO (as opposed to LIFO) would cause: a GrosS Profit to he…

A: Meaning of FIFO Method FIFO method also called as First in First Out method. Under FIFO method the…

Q: am a little confused by the account names you have writen for the journal entries. Could you explain…

A: Journal Entry - This is basically a primary books in which business transactions are recorded, every…

Q: Anna Inc. sells two products as follows: Product A Product B Units sold 3,800 4,750 Selling price…

A: Break-Even Point: Your company has reached its break-even point when its entire expenses and total…

Q: CASH + ACCTS REC + SUPPUES+ EQUIPMT ACCTS PAY + NOTES PAY + WALL CAP Remarks for OE A=L+OE? 1. Owner…

A: Accounting Equation signifies that the assets of a frim are always equal to the summation of…

Q: When the Account Title column is not used to record a transaction, what character or symbol is used…

A: An accounts title is a type of heading given to the transactions. There are different types of…

Q: Choose the option that best answers the question. There is only ONE correct a. ver for each…

A: Part 1: Indirect financing is a process when a firm borrows money from financial markets through…

Q: -Your answer is partially correct. Assume that Cullumber Construction Company has a non-cancellable…

A: A long-term contract usually spans over multiple periods and accordingly the items like costs,…

Q: Confidentiality agreements are different from covenants not to compete. a. True Ob. False

A: A statement has been given. We have to find if it's true.

Q: Tyree inadvertently unchecked Apps from Customize your menu. How can he get it back? Select an…

A: First, Tyree needs to access the Navigation bar in QuickBooks Online. This is typically located on…

Q: 1- Which numbers given below are the first digits of income statement accounts? A) 3,4 B) 5,6 C) 4,5…

A: “Since you have posted a question with multiple sub parts, we will provide the solution only to the…

Q: Date 11/6/2019 11/6/2019 11/9/2019 11/9/2019 11/9/2019 11/9/2019 林林林林林林林林林 ######### B с Quantity…

A: The question is based on the concept of Financial Accounting. Using the following excel formulas to…

Q: On October 31, Karnak Company had assets of $100,000 and liabilities of $75,000. The beginning…

A: The Owners’s Equity is the share of ownership of the owner of the business from total assets after…

Q: Hello! I don't understand where you get numbers from and I don't have answers for questions 4 to 13.…

A: Since the question has multiple sub-parts, as per the guidelines only the first three sub-parts will…

Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.