EET 9 items 0.0% Income Statement Provided below is a trial balance for Juanita's Delivery Service. Juanita's Delivery Service Trial Balance September 30, 20 -- ACCOUNT TITLE DEBIT BALANCE CREDIT BALANCE 5,000 3,000 Cash Accounts Receivable Supplies Prepaid Insurance Delivery Equipment Accounts Payable Juanita Raye, Capital Juanita Raye, Drawing Delivery Fees Wages Expense Rent Expense 700 600 7,000 900 Total expenses 1,900 800 19,900 Income Statement For Month Ended September 30, 20-- 3,000 7,200 9,700 Prepare an Income statement for Juanita's Delivery Service for the month ended September 30, 20--- Juanita's Delivery Service 19,900 Check My Work 5 more Check My Work usas ramaining. All work saved.

EET 9 items 0.0% Income Statement Provided below is a trial balance for Juanita's Delivery Service. Juanita's Delivery Service Trial Balance September 30, 20 -- ACCOUNT TITLE DEBIT BALANCE CREDIT BALANCE 5,000 3,000 Cash Accounts Receivable Supplies Prepaid Insurance Delivery Equipment Accounts Payable Juanita Raye, Capital Juanita Raye, Drawing Delivery Fees Wages Expense Rent Expense 700 600 7,000 900 Total expenses 1,900 800 19,900 Income Statement For Month Ended September 30, 20-- 3,000 7,200 9,700 Prepare an Income statement for Juanita's Delivery Service for the month ended September 30, 20--- Juanita's Delivery Service 19,900 Check My Work 5 more Check My Work usas ramaining. All work saved.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Date May 17 May 21 Date May 17 Transaction amount REFLECTING What could Esmé have done to avoid this additional cost? May 21 $187.50 $104.19 Transaction emount $187.50 $104.19 REFLECTING Do all financial institutions charge the same interest rates for loans? Explain. 3. Esmé had three overdraft transactions in May. Each transaction cost $3, plus interest at 19%/yr, compounded daily. Her paycheque was deposited electronically on May 31. It covered all the overdrafts. a) Complete the chart to determine what Esmé paid. Time 15 d - d Time 15 d Total amount A=P(1 + d b) Suppose Esmé had a personal line of credit with interest at 9.5%/yr, compounded daily. Complete the chart. How much interest would she have paid? 1 = $ = $ Total amount A=P(1+1) Interest 1=A-P 1 = $ = $ - $187.50 Interest 1=A-P - $187.50 c) Should Esmé get a personal line of credit? Explain.
CASE 5 The following selected accounts appeared in the trial balance of Susan Company as of December 31, 20x2: Debit Credit P150,000 2,000,000 Installment receivable - 20x1 Installment receivable - 20x2 Inventory, December 31, 20x1 Purchases 700,000 5,550,000 30,000 Repossession Installment sales P4,250,000 Regular sales 3,850,000 540,000 Deferred gross profit - 20x1 Operating expenses 1,250,000 Additional information: • Installment receivable - 20x1 as of December 31, 20x1 is P1,200,000. Inventory of new and repossessed merchandise as of December 31, 20x2 is P950,000. Gross profit percentage of regular sales during the year is 30% based on sales. Repossession was made during the year. It was a 20x1 sale, and the corresponding uncollected account at the time of repossession is P77,500. EQUIRED: 11. Total collections in 20x2 12. Gross profit rate on installment sales for 20x2 13. Loss on repossession
HOMEWORK 8 - CHAPTER 8 Question 9 of 15 -1 Current Attempt in rrogress Assume the following information for Tamarisk Corp. Accounts receivable (beginning balance) $161,000 Allowance for doubtful accounts (beginning balance) ,11,300 Net credit sales ,942,000 Collections 912,000 Write-offs of accounts receivable 5,200 Collections of accounts previously written off 2,200 Uncollectible accounts are expected to be 8% of the ending balance in accounts receivable. (a) Prepare the entries to record sales and collections during the period. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit
mework Assignment Exercise 7-12A (Algo) Notes receivable-accrued interest LO 7-5 On May 1, Year 1, Benz's Sandwich Shop loaned $14,000 to Mark Henry for one year at 9 percent interest. Required: a. What is Benz's interest income for Year 1? b. What is Benz's total amount of receivables at December 31, Year 1? c. How will the loan and interest be reported on Benz's Year 1 statement of cash flows? d. What is Benz's interest income for Year 2? e. What is the total amount of cash that Benz's will collect in Year 2 from Mark Henry? f. How will the loan and interest be reported on Benz's Year 2 statement of cash flows? g. What is the total amount of interest that Benz's earned on the loan to Mark Henry? Note: For all requirements, round your answers to the nearest dollar amount. a. Interest income ن و نان فان b. Receivables c. Cash used in investing activities Interest income e. Cash f. g. Interest earned 53° HO Saved
plz solve it within 30-40 mins I'll give you multiple upvote
Problem 7 Denver Company provided the following information relating to current operations: Accounts receivable, January 1 Accounts receivable collected Cash sales Inventory, January 1 Inventory, December 31 Purchases Gross margin on sales What is the balance of accounts receivable on December 31? a. 13,500,000 b. 8,500,000 c. 9,500,000 d. 9,000,000. 5,000,000 5,000,000 1,000,000 3,000,000 1,500,000 4,000,000 2,000,000
Problem # 7 What payment should be made on an invoice in the amount of $9,400 dated January 11 if the terms of sale are 2/15, 1/30, n/45 and the bill is paid on a. January 23? b. February 20?
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need sep 20 payment nov 5 dec 31
A 1 Credit Card Balance 2 3 4 Prime Rate APR 5 6 7 8 9 10 11 12 14.75% 15.24% 16.33% 17.24% 17.99% 18.25% 19.77% 20.22% $ B 15,000.00 VBA Function to Calculate Monthly Interest Payment C
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