ORIOLE COMPANY Trial Balance August 31, 2020 Before After Adjustment Adjustment Dr. Cr. Dr. Cr. Cash $10,300 $10,300 Accounts Receivable 8,700 9,900 Supplies 2,300 600 Prepaid Insurance 3,800 2,700 Equipment 13,600 13,600 Accumulated Depreciation-Equipment $ 3,800 $ 4,500 Accounts Payable 5,900 5,900 Salaries and Wages Payable 1,200 Unearned Rent Revenue 1,300 700 Owner's Capital 15,000 15,000 Service Revenue 34,000 35,200 Rent Revenue 10,900 11,500 Salaries and Wages Expense 17,100 18,300 Supplies Expense 1,700 Rent Expense 15,100 15,100 Insurance Expense 1,100 Depreciation Expense 700 $70,900 $70,900 $74,000 $74,000

ORIOLE COMPANY Trial Balance August 31, 2020 Before After Adjustment Adjustment Dr. Cr. Dr. Cr. Cash $10,300 $10,300 Accounts Receivable 8,700 9,900 Supplies 2,300 600 Prepaid Insurance 3,800 2,700 Equipment 13,600 13,600 Accumulated Depreciation-Equipment $ 3,800 $ 4,500 Accounts Payable 5,900 5,900 Salaries and Wages Payable 1,200 Unearned Rent Revenue 1,300 700 Owner's Capital 15,000 15,000 Service Revenue 34,000 35,200 Rent Revenue 10,900 11,500 Salaries and Wages Expense 17,100 18,300 Supplies Expense 1,700 Rent Expense 15,100 15,100 Insurance Expense 1,100 Depreciation Expense 700 $70,900 $70,900 $74,000 $74,000

Name: Prepare the income statement for the year.ORIOLE COMPANYIncome Statem
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Description: Prepare the income statement for the year.ORIOLE COMPANYIncome Statement$2$$ ORIOLE COMPANYTrial BalanceAugust 31, 2020BeforeAfterAdjustmentAdjustmentDr.Cr.Dr.Cr.Cash$10,300$10,300Accounts Receivable8,7009,900Supplies2,300600Prepaid Insurance3,8002,

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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Trial Balance as at June 30, 2020 Dr $ Cr $ Cash 127,000 Accounts Receivable 151,000 Allowance for Bad-Debts 12,500 Merchandise Inventory 187,500 Store Supplies 58,000 Prepaid Insurance 72,000 Prepaid Rent 56,000 Furniture & Fixtures 800,000 Accumulated Depreciation: Furniture & Fixtures 256,000 Computer Equipment 450,000 Accumulated Depreciation: Computer Equipment Accounts Payable 133,500 Salaries Payable Interest Payable 27,000 Unearned Sales Revenue 82,000 Long-Term Loan 360,000 Eva Ready, Capital 898,500 Eva Ready, Withdrawals 104,000 Sales Revenue 1,043,000 Sales Discount 7,000 Sales Returns & Allowances 5,500 Cost of Goods Sold 403,000 Salaries Expense 165,000 Insurance Expense Utilities Expense…
please dont provide answer in image format thank you Are there any calculations involved in the Profit or Loss statement ending on 30 June 2023? It says: 1. Warranty expense of $1,290,000. The balance of the provision for warranty at 30 June 2022 was $690,000. Of the balance of this provision at 30 June 2023, 65% is expected to be used by 30 June 2024. 2. $9,430,000 for employee expenses. This includes annual leave expense of $783,000. The balance of the provision for annual leave at 30 June 2022 was $1,230,000. 3. The carrying amount of the shop furniture and fittings sold in March 2023 of $740,000. This is comprised of cost of $2,250,000 less accumulated depreciation to date of sale of $1,510,000.
The general trial balance of NBA Inc. includes the following accounts on December 31,2021: Inventory, including inventory expected in the ordinary course operations to be sold within 15 months Trade receivables Prepaid insurance Listed available held for trading purposes at fair value Financial assets classified as available for sale Cash, including cash surrender value of P100,000 Deferred tax asset Bank overdraft Land held for sale P1,000,000 1,200,000 80,000 200,000 800,000 300,000 150,000 250,000 200,000 What amount should be classified as total current assets on December 31,2021?
Trial Balance of Deon Insurance Company Limited as at 31st December, 2019 Debit Credit Claims paid 8,834,289 Commissions paid 142,583 Interest paid 4,000,000 Staff cost 29,053,167 Audit fees 130,767 Other income- Interest on investment 2,666,667 Reinsurance claims recovered 2,466,667 Stated capital 15,533,335 Capital surplus 9,588,327 Income surplus 3,919,560 Contingency reserve 6,441,634 Building 12,916,647 Motor vehicle 5,332,255 Equipment and furniture 9,042,985 Acc. Dep: Building 2,287,357 Acc. Dep: Motor vehicle 3,364,404 Acc. Dep: Equipment and furniture 1,102,471 Gross premium 90,740,819 10% Debenture 70,000,000 Premium returned and cancelled 10,000,000 Reinsurance premium paid 27,603,132 Intangible assets 35,797,721 Investment properties…
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Financial Reporting and Analysis Jul22 Y1 S2 Balances on 28 February 2021 Balance sheet section Vehicles at cost Equipment at cost Inventory Provision for bad debts Nominal accounts section Bad debts telephone Adjustment R 90 000 R 50 000 R 100 000 2 000 O A. R103 500 OB. R93 500 O C. R76 500 O D. R13 500 R R 500 1 500 Annual depreciation on equipment vehicles is calculated at 15% p.a. The carrying value of vehicles at the end of the year is:
Please do not give solution in image format thanku
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