Tell me the Current assets in the photo all assets Course and Secti313.All Clean Laundry ShopTrial Balancegiven as follows:4.December 31, 2020DebitCreditP 510,000240,000CashAccounts ReceivableAllowance for doubtful accountsPrepaid RentPrepaid InsuranceLaundry SuppliesDelivery TruckAccumulated Depreciation - Del. TruckLaundry EquipmentAccumulated Depreciation - Laundry Equip.FurnituresAccumulated Depreciation - FurnituresAccounts PayableNotes Payable- BankUnearned Laundry IncomeOcampo, CapitalOcampo, WithdrawalsLaundry IncomeSalaries and Wages ExpenseTravel ExpenseGas & Oil ExpenseAdvertising ExpenseUtilities ExpenseTelephone ExpenseMiscellaneous Expense16,000120,00048,00036,000420,00040,000340,0007.60,000110,00020,0009.100,000400,00040,00010.580 800Rec64,000930,0001.2.213,60012,00024,00018,0006,00010,00015,200TotalsP 2,186,800P 2,186.800326420 9

Following are the current assets Cash…

Answered: Debit Credit P 510,000 Cash Accounts…

Debit Credit P 510,000 Cash Accounts Receivable Allowance for doubtful accounts Prepaid Rent Prepaid Insurance Laundry Supplies 240,000 16,000 120,000 48,000 36,000 420,000

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter5: Operating Activities: Purchases And Cash Payments

Section: Chapter Questions

Problem 4.10C

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Poss entries, Prepage ledger acourts and also o trPal balonce. 2.5.21 Storted business wrth lo0000 Y.5 21 depessted Goo00 Po book. 18-5 21 Balcofies Paid % cash 15000 17.5-81 rent Dord in cash lo000 24.5-2) Jalarics Pard though cheque 25000 30.5-21 gent Paid through chopue 1D000 . Ufgf 26
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NO. : Date : | The following was the trial balance extract from ABC Tradina as at 31 March 2019 Particulars Purchases and sales Inventory on IAprl 2018 Capital Bank overdraft Cash Discount allowad and received Return inwards and outwards Carriage outwards Office expenses Fixturos and fittings Delivery van Account receivables and account payab les Rent and insurance Credit CRm) 41,000 Debit CRM) 22/860 5, 100 8,170 4,300 140 1.440 790 2/180 930 570 450 1/210 2,000 IL, 900 1.790 6,720 Drawings Wages and Sal aries Total 2,850 8,980 611690 61.690 Additional information as at 31 March 2019 : ca) Inventory on 31 March 2019 was (b) Wages and salaries accrued as at 31 March 2019 was Rm210 ; Outstanding office expen ses was RM 30 Cc) Rent and insurance prepaid was km 150 RM 4250 Raquired: (1) Preapare the Statement of Piofit or Loss and Other Comprehensive Income for the year ended 31 March 2019 |(ii) Preapare statement of Financial Position as at 31 March 2019 .
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(To record cash purchase of premiums) Cash Sales Revenue (To record cash sales) Cash Premium Expense Inventory of Premiums (To record redemption of codes) (To adjust unearned revenue) Save for Later 3840000 000 0 Attempts: 1 of 3 used Submit Answer E
The shodule g8 aing accounts for a com Prny O1 Year 2020 Account rectuble $20,000 $ So00 at the Estimate bag Current 1-30 daysoverdue 3 1- 60 days ovedue more than 6odays overdue (% 5% to % 20% $2500 31 S00 The aliowance was estimeted by using the stheolole accounta. The allowanre count had a'Jebit balance of g400 befere tHe estimate was made Reouired Prefare the adjusting bat to record bad debt expense for 2 entry
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On 15 December 2020; Saadah Company purchased goods at the amount of 32500 OMR and paid 12500, the balance is on account. Which of the following is the correct journal entry for this transaction? Select one: O A. Debit Credit (RO) (RO) Date Accounts Goods 32500 20000 15.12.2020 Payable Cash 12500 OB. Accounts Debit Credit (RO) (RO) Date Goods 32500 20000 15.12.2020 Cash Payable 12500 Oc. Date Accounts Debit Credit (RO) | (RO) Payable 20000 15.12.2020Cash 12500 Goods 32500 OD. Accounts Debit Credit (RO) (RO) Date Payable 20000 15.12.2020Cash 12500 Goods 32500