office supplies expenses 300 trucks 750000gas and oil expenses 15000 accounts payable 10000 cash 53500 dep expenses furniture 700 mortgage payable 250000 repair 8000 prepaid 4750 office supplies unused 500 furniture and equipment 8500 fares earnd 145000 utility expenses 4000 accumulated dep trucks 72000 accumulated dep furniture 2400 rent expensive 12000 banzon capital 436000 dep expense trucks 15000 salary expenses 25000 interest 7000 insurance 1250 insurance expenses banzon drawing 15000 salaries payable 4500 how can you put this in statement od performance statement of equity and statement of financial position

office supplies expenses 300 trucks 750000gas and oil expenses 15000 accounts payable 10000 cash 53500 dep expenses furniture 700 mortgage payable 250000 repair 8000 prepaid 4750 office supplies unused 500 furniture and equipment 8500 fares earnd 145000 utility expenses 4000 accumulated dep trucks 72000 accumulated dep furniture 2400 rent expensive 12000 banzon capital 436000 dep expense trucks 15000 salary expenses 25000 interest 7000 insurance 1250 insurance expenses banzon drawing 15000 salaries payable 4500 how can you put this in statement od performance statement of equity and statement of financial position

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter6: Deductions And Losses: In General

Section: Chapter Questions

Problem 44P

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Cash P18,600 10,000 Accounts Receivable 5,000 4,000 10,000 Notes Receivable Prepaid Rent Furniture Equipment Accounts Payable Notes Payable Accrued Salaries 50,000 6,000 4,000 1,908 Unearned Interest Income 300 SSS Premium Payable Withholding Taxes Payable Kengied, Capital Allowance for bad Debts 66 26 84,887 80 Accumulated Depreciation- Furniture Accumulated Depreciation-Equipment 55 278 Balance sheet to be shown?
Mr. J, Capital Office Equipment Accounts Payable 85 000.00 Notes Receivable 1 200.00 12 000.00 Notes Payable 8 000.00 16 600.00 Interest Income 360.00 Communications Expense 21 500.00 Interest Expense Postage and Stamps Expense Cash 18 540.00 1 250.00 Tools 220.00 Mr. J, Drawing 10 000.00 50.00 Accounts 21 460.00 Insurance Expense 4 100.00 Receivable Mortgage Payable Loan Payable (Short Term) 30 000.00 Service Vehicle 84 700.00 20 000.00 Utilities Expense 160.00 Service Income 78 560.00 Supplies Expense 3 150.00 Furniture and Fixtures Salaries Expense 8 900.00 Shop Equipment 36 290.00 21 000.00 Rental Income 6 000.00 Income statement
Mr. J, Capital Office Equipment Accounts Payable 85 000.00 Notes Receivable 1 200.00 12 000.00 Notes Payable 8 000.00 16 600.00 Interest Income 360.00 Communications Expense 21 500.00 Interest Expense Postage and Stamps Еxpense Cash 18 540.00 1 250.00 Tools 220.00 Mr. J, Drawing 10 000.00 50.00 Accounts 21 460.00 Insurance Expense 4 100.00 Receivable Mortgage Payable Loan Payable |(Short Term) 30 000.00 Service Vehicle 84 700.00 20 000.00 Utilities Expense 160.00 Service Income 78 560.00 Supplies Expense 3 150.00 Furniture and Fixtures Salaries Expense 8 900.00 Shop Equipment 36 290.00 21 000.00 Rental Income 6 000.00 Income statement
Net sales OR 156000 Cost of the goods sold OR 99700 Details Debit Credit General expenses 11700 Furniture 5100 Salaries 9300 Depreciation 2000 Account Payable 3575 Dividend Revenue 2500 Calculate net profit Select one: O a. RO 36240 O b. RO 31140 O c. RO 35800 O d. RO 34715
Mr. J, Capital Office Equipment Accounts Payable 85 000.00 Notes Receivable 12 000.00 Notes Payable 1 200.00 8 000.00 16 600.00 Interest Income 360.00 Communications Cash 18 540.00 1 250.00 Expense 21 500.00 Interest Expense Postage and Stamps Expense Tools 220.00 Mr. J, Drawing 10 000.00 50.00 Accounts 21 460.00 Insurance Expense 4 100.00 Receivable Mortgage Payable Loan Payable (Short Term) Service Income Furniture and Fixtures Salaries Expense 30 000.00 Service Vehicle 84 700.00 20 000.00 Utilities Expense 160.00 78 560.00 Supplies Expense 3 150.00 8 900.00 Shop Equipment 36 290.00 21 000.00 Rental Income 6 000.00 Net Inca me?
Cajegas Trucking ServicesTrial BalanceJune 30, 2021Debit CreditCash in Bank P 1,020,000Petty Cash Fund 1,000Accounts Receivable 120,000Est. Uncollectible Account P 1,200Unused Supplies 15,000Prepaid Insurance 8,500Prepaid Rent 30,000Delivery Truck 1,500,000Acc. Depreciation – Delivery Truck 250,000Accounts Payable 130,000P. Cagejas, Capital 1,818,500P. Cagejas, Drawings 50,000Trucking Income 935,000Taxes and Licences 10,000Repairs and Maintenance 27,000Retainer Fees 25,000Salaries and Wages 320,000Utilities Expense 8,200Total P 3,134,700 P 3,134,700Additional Information1. Provision for Uncollectible Account should be at 2% of the outstanding receivable account.2. Supplies actually on hand, P5,000.3. Of the Prepaid Insurance, P6,200 has actually expired.4. P18,000 of the Prepaid Rental has expired.5. Depreciation Expense for the period is P105,000.Required:a. An 8-column worksheetb. Balance Sheetc. Income Statementd. Statement of Changes in Owner’s Equity
ASAP!! DECEMBER 31,2012 TITLE OF ACCOUNT DEBIT CREDIT Cash 130,350 Account receivable 54600 Note receivable 83,000 Land 100,000 Inventory-opening 40,500 Supplies 650 Prepaid insurance 1200 Furniture and Fixture 183,200 Accumulated depreciation-furniture 2400 Account payable 47,000 Note payable (long-term) 12,600 Capital-Frank 275,000 Sales revenue 364,500 Sales discount 1400 Sales return and allowance 2000 Commission income 600 Purchases 89,300 Purchases discount 3000 Purchases return and allowances 1200 Freight in 5200 Rent expense 8400 Salaries expense 5000 Insurance expense 1500 TOTAL 706,300 706,300 ADJUSTMENT DATA: Depreciation for the year Rs. 600 Inventory on hand at the end of the year Rs.…
Al-Hofuf 100000 carry-over balance 100000 100000 100000 Transferred balance i Example: The following balances are extracted from the records of Al-Yaqeen commercial stores and homework (on 31/12/2009: 1500000 Fund, 2000000 Bank, 1100000 Debtors, 700000 Receipt Papers, 4000000 Goods, 7500000 Purchases, 3500000 Returns of Purchases) 1,200,000 inbound transportation expenses 400,000 customs taxes, 10,000,000 sales, 420,000 sales returns, 60,000 discounts allowed, 500,000 furniture, 450,000 tax, 300,000 general expenses, 650,000 selling expenses, 8,500,000 creditors, 65,000 payment papers, 100,000 deduction earned, 50,000 profits from selling assets Fixed, 6 million buildings, 2,000,000 cars, 300,000 personal withdrawals, 3,000,000 long-term loans, 13,000,000 capital. If you know that the goods at the end of the period are estimated after the inventory at 4,500,000 dinars. Required: Prepare trial balance with balances. : .6
Debit Credit Cash 67500 Accounts Receivable 46000 Allowance for Doubtful accounts 2000 Merchandise Inventory 60000 Office supplies 2800 Accounts payable 16000 Salaries payable 850 Common Stock 20000 Retained Earnings 60630 Sales 550000 Sales return and allowance 4500 Sales discounts 4250 COGS 382450 Salaries expense 44000 Advertising Expense 8150 Rent expense 24325 Other operating expense 450 Interest expense 5055 649480 649480 Above is the adjusted trail balance. What is the amount of net sales? What is the amount of total assets What is the amount of total liabilities What is the amount of net assets What is the amount of retained earnings after the closing entries have been posted? What is the amount of gross profit? What is the amount of total expense Record the closing entries in the
Debit Credit Cash 67500 Accounts Receivable 46000 Allowance for Doubtful accounts 2000 Merchandise Inventory 60000 Office supplies 2800 Accounts payable 16000 Salaries payable 850 Common Stock 20000 Retained Earnings 60630 Sales 550000 Sales return and allowance 4500 Sales discounts 4250 COGS 382450 Salaries expense 44000 Advertising Expense 8150 Rent expense 24325 Other operating expense 450 Interest expense 5055 649480 649480 Above is the adjusted trail balance. What is the amount of total expense Record the closing entries
Rs. 18, 400 496, 000 16, 000 48, 000 3. 000 3, 000 1, 500 Particular Rs. Particular 38, 100 Indirect Labor 9, 420 Sales 30, 000 Sales Returms 35, 725 Purchases of Material 19, 430 Carriage on Purchases 600, 000 Purchases Returns 40, 500 Purchases Discount 200, 000 Direet Labor 143, 700 Electricity 15. 500 Rent 25, 600 Depreciation (machine) Cash at Bank Ace Receivables (net) Dir Material Inv - April 1 Work-in-process April 1 Fin Goods Inv April 1 Machine-Factory Salary Expense Machine Office Acc Dep- Office machine Salary Payable Indirect Material 86, 450 200, 000 75, 000 45. 000 The inventuties as at March 31. 2018 are as follows: Direct Material Inventory Rs. 6, 300 - Work-in-process Inventory Ra. 31, B00 Note: Use the following ratio to caleulate "Electricity. Rent. and Depreciation expense" Ratins: Factory, Office 4:3 Required Prepare the following statementa a Cost of Goods Manufactuted Statement b Income Statement Finished goods Inventory 38, 180 ada
Debit Credit Cash 67500 Accounts Receivable 46000 Allowance for Doubtful accounts 2000 Merchandise Inventory 60000 Office supplies 2800 Accounts payable 16000 Salaries payable 850 Common Stock 20000 Retained Earnings 60630 Sales 550000 Sales return and allowance 4500 Sales discounts 4250 COGS 382450 Salaries expense 44000 Advertising Expense 8150 Rent expense 24325 Other operating expense 450 Interest expense 5055 649480 649480 Above is the adjusted trial balance What is the amount of net assets? What is the amount of retained earnings after the closing entries have been posted? What is the amount of gross profit? What is the amount of total expense Record the closing entries in the