How do I answer this problem? How to compute the month/ total on the blank tables?

Q: What entry would you use to account for the initial transaction?

A: The accounting process consists of various steps to record, analyze and report the data.

Q: What is the natural business year?

A: An accounting period defines the time period, in which the business transactions shall be considered…

Q: Which of the following is an input method for recognizing revenue over time?

A: Cost to Cost Method While recognizing the revenue in the contract work there are different method…

Q: how do you do the math the get the percentage/decimal numbers

A: Income statement is the statement in which figures relating to entity performance is incorporated…

Q: How can assets and liabilities be classified for a more informative balance sheet?

A: The balance sheet represents the financial position of the business with assets and liabilities on a…

Q: name for the amount

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Q: erform the Reperformance or Recalculation procedures to check the mathematical accuracy of the…

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Q: sum of the years digit method

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Q: What is the formula to find net revenue in this spreadsheet?

A: Definition: Revenues: Revenues are earnings from the operations of a business. The operating…

Q: How to determine the timing and measurement of revenue.

A: Revenue recognition principle is the principle that determines when and how much amount should be…

Q: DO DEBITS AND CREDITS HAVE TO EQUAL ON A TRIAL BALANCE??

A: Trial balance: Trial balance is a summary of all the asset, liability, and equity accounts and their…

Q: When do prepayments occur? Accruals?

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Q: Débit Credit Cash $25,128 Accounts Receivable 100,513 Inventory 40,000 Prepaid Rent 14,135 Equipment…

A: Balance Sheet is a summary of the financial balances of an organization, whether it be a sole…

Q: how did you get the -68419 and -61272 in the fifo balance sheet

A: Cost of goods sold is the amount of cost which is assigned to the sold goods.  Taxes are calculated…

Q: Do time lines deal only with years, or can other time periods be used?

A: The term time line refers to list of events which take place in chronological order. Timelines are…

Q: What are the administrative expenses?

A: Administrative expenses are expenses an organization incurs that are not directly tied to a specific…

Q: Since AssetID is a number identifying assets in a fixed asset ledger, it would be considered to be…

A: Asset refers to any economic value resource for an individual, corporation or a country. It…

Q: find the average daily balance

A: The method which takes daily balances into consideration rather than weekly or monthly balances is…

Q: Explain the importance of the date of service as it relates to Days in Accounts Receivable.

A: The date of service holds significant importance when calculating Days in Accounts Receivable for…

Q: Which type of checking account pays interest on the mean balance of the account during a particular…

A: The checking account are important part of banking system. A checking account is highly liquid…

Q: what goes on the balance sheet?

A: Balance sheet: This financial statement reports a company’s resources (assets) and claims of…

Q: What are the calculations at the end of bii) and c) as it cuts off and I am unable to see it?

A: Here, Particulars Values Face value of UK Bond (FV)  £ 1,000.00 Yield to Maturity (RATE) 6%…

Q: For VAT and Percentage transactions, state when will be the deadline for the remittances

A: VAT is value added tax and it is indirect tax which means tax is paid by consumer of goods or…

Q: uncollectable accounts recognized

A: The term Receivables refers to the amount of debts owed to a firm by its customers for goods or…