Assign the appropriate 3-digit account number to each account and place them under the correct headings. Initially the number the accounts by 10. Answer: 2. Add two new expense accounts to the chart of accounts you prepared. Assign each account numbers based on where they would be placed in the chart of accounts. Miscellaneous Expense Utilities Expense Answer:

Assign the appropriate 3-digit account number to each account and place them under the correct headings. Initially the number the accounts by 10. Answer: 2. Add two new expense accounts to the chart of accounts you prepared. Assign each account numbers based on where they would be placed in the chart of accounts. Miscellaneous Expense Utilities Expense Answer:

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Description: Assign the appropriate 3-digit account number to each account and place them under the correct headings. Initially the number the accounts by 10.Answer:2. Add two new expense accounts to the chart of accounts you prepared. Assign each account numbers

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter1: Federal Income Taxation—an Overview

Section: Chapter Questions

Problem 52P

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paper, due 1/26/x2 150,000 180-day certificate of deposit, due 3/1/x2 Tax fund 80,000 56,000 235,000 Payroll fund Plant expansion fund Sinking fund Total Cash and Cash equivalents 198,034 467,000 9,055,458 What is the correct amount of Cash and Cash Equivalents to be reported in Paulaner Co.'s 20x1 statement of financial position? b. 8,310,424 a. 8,300,661 C. 8,380,661 d. 8,390,424 3. Athena Co. held the following items on Dec. 31, 20x1: Petty cash fund (currencies and coins, P6,000) 10,000 65,000 Cash on hand (per cash count sheet on Dec. 31, 20x1) Cash in bank (per ledger) 2,890,000 Customer's check #109 - dated Dec. 29, 20x1 190,000 Customer's check #392 - dated Jan. 8, 20x2 20,000 Athena Co.'s check #567 - dated Dec. 29, 20x1 54,000 NSF check (received from the bank on Dec. 30, 20x1) 40,000 All the checks were recorded when they were collected (drawn) by a debit (credit) to the Cash in bank account. The NSF* check was recorded when it was received from the customer. However, the…
QUESTION 9 Assume thst the Polty Casdwor of a $400 potty cash fund has $40 in canh phs So0 in recopts at the end of then monh The entry to replereh mburse) the petty cns fund wi wude O A dobt to Cash for $00 O A crede to Cash for S00 O Ac to Cash for S40 O Adebit lo Cash kor $340
Liabilities Rs Assets Rs. Expenses Unpaid: Printing etc. Repairs Cash in hand 250 80 Bank Balances Deposit A/c Current A/c Interest due Subscriptions Outstanding Equipment 360 2,090 Bonus to Groundsman 200 150 2,240 Honorariun to Secretary Capital Fund 600 1,240 20 100 Balance on 1,750 Ist Jan, Add Surplus 3,080 40 3,120 4.360 4,360 Illustration 5. Prepare Income & Expenditure Account for the year ending 31-12-2000 and Balance -Sheet as on that date from the following : Receipts and Payments Account for the year ended 31-12-2000 Receipts Rs. Payments Rs. 2,100 By Printing and Stationary By Advertisements 500 By Investment in Govt. Securities at 5% On 1 st Nov. 2000 (Interest, payable on 1st) May and Ist Nov. By Building Construction 200 By Match Expenses To Balance b/d 1,300 To Subscription 1999 (estimated at Rs. 460) 800 2000 5,000 2001 200 8,000 To Donation for Building 5,500 2,500 To Sports Material 900 To Rent 1,300 By Creditors for 1999 estimated To Entrance Fees 300 at Rs. 750,…
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PROBLEM 1. 4111 Company had the following items in its "Cash and cash equivalents" account as of December 31, 2022: Cash on hand P125,000Bank time deposit (acquired 12/30/2022; due in 2/28/2023) 150,000Petty cash fund - including P2,550 unreplenished vouchers dated December 27-30, 2022; and P1,200 dated January 4, 2023 10,000Cash in foreign bank - unrestricted ($5,000; average rate - P50; closing rate - P52) 250,000Cash restricted for additions to plant (to be disbursed in 2025) 1,200,000Cash in bank - to be used for payment of 2023 dividends and taxes 1,380,000 How much should be reported as cash and cash equivalents as of December 31, 2022? a. P1,875,450 b. P1,922,450 c. P1,921,250 d. P1,944,250 PROBLEM 2. The following data were taken from the accounting records of 423, Inc Balance at January 1, 2022 5,000 balls @ P20Purchases:…
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|0N C Mc Graw Hill M Mim IN CQ X 77°F Raining now 07 of 12 Concepts completed Multiple Select Question https://learning.mheducation.com/static/awd/index.html?_t=1662829861804#/ In Reports cash disbursements Select all that apply Which of the following statements regarding the statement of cash flows are correct? The financial statement that is typically prepared first The final financial statement that is typically prepared Reports cash receipts D It is an optional financial statement Read About the Concept V G|DC|PD| M C va Rate your confidence to submit your answer. Need help? Review these concept resources. Medium O Low Ⓒ2022 McGraw Hill. All Rights Reserved. f6 ta f7 D h e Privacy | Terr 0 hp 18
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Make the cost of goods sold and balance sheet Cash ₱ 5,596.00 Account Recievable 20,760.00Equipment 9,000.00Supplies 6,500.00Notes Payable ₱ 20,000.00Capital 52,000.00Personal 2,050.00Purchases 73,020.00purchase Return 1,200.00Purchase Discount 302.00Frienght In 275.00Sales 54,960.00Sales Return 753.00Sales Discount 558.00Freight Out 225.00General Expenses 950.00Miscellenous Exp. 750.00Salary Expense 4,500.00Rent Expense 3,000.00Selling Expense 350.00Tax Expense 175.00Totals ₱ 128,462.00