Prepare Trial balance, Income Statement & Balance sheet with the help of the following ledgerbalances on December 31, 2018. Cash 15,000 SR, Accounts Receivable- 10,000 SR, AccountsPayable- 5,000 SR, Salary Payable- 10,000 SR, Service revenue- 14,000 SR, Advertising Expenses- 5,000 SR, Plant- 25,000 SR, Prepaid Insurance- 7,000 SR, Rashids Capital- 35,500 SR, RepairExpenses- 2,500 SR

Step 1: Step 2: Step 3: Step 4:

Answered: Prepare Trial balance, Income Statement…

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter3: The Double-entry Framework

Section: Chapter Questions

Problem 4CE: The following accounts have normal balances. Prepare a trial balance. Accounts Payable, 20; Accounts...

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Prepare a worsksheet for this. in excel form pls, thank you
Kindly prepare the Worksheet for this. thank yoouu!!
The Ledger of Darlene Subay Advertising contained the following account balance as of June 30, 2020.Cash $520,500Accounts Recievable $35,420Notes Recievable $16,800Prepaid Insurance $35,600Equipment $423,500Accounts payable $44,210 Loans Payable $310,000Subay, Capital $668,100Subay, Drawing $120,000Advertising Revenues $332,780Salaries Expense $89,000Marketing Expense $48,200Rent Expense $15,800Supplies Expense $22,000Utilities expense $17,990Miscellaneous Expense $10,280
Prepare Trial balance with the given ledger account balances the year ended March 2019. Capital 82,000; Sales 1,100,000; Adjusted Purchase 900,000; Current A/c(cr) 10,000; Petty Cash 12,000; Sales Ledger Balance 120,000; Purchase Ledger Balance 50,000; Salaries 20,000; Carriage Inwards 8,000; Carriage Outward 5,000; Discount Allowed 10,000; Building 80,000; Outstanding Expenses 20,000; Prepaid Insurance 2,000; Depreciation 4,000; Cash at Bank 80,000; Loan A/c (cr) 66,000; Profit & Loss A/c(cr) 20,000; Bad Debts Recovered 3,000; Stock at 31.03.2019 1,20,000; Interest Received 10,000; Accrued Interest 4,000; Investment 20,000; Provision for Bad Debts (01.04.2018) 6,000; General Reserve 19,000; Rent 1,000.
Please provide a narrative when doing questions 1-4. Thank you.
Given the ledger accounts of Devrij Company as of January 31, 2020: Cash $26,400 Accounts Payable $9,000 Supplies Share Capital-Ordinary 15,600 6,600 Rent Expense 16,800 Accounts Receivable 13,200 Notes Payable 7,200 Service Revenue 31,200 Required: 1. Compute the total of the debit side of the trial balance. (show your computation). 2. Compute the total of the credit side of the trial balance. (show your computation)
Below are the accounts of Jayden Services for the year ended December 31, 2019. Accounts Payable Accounts Receivable Capital Cash Inventories 100,000 Long-term Debt Notes Payable Notes Receivable Property and Equipment Supplics and other payments 140,000 1,840,000 1,000,000 450,000 300,000 100,000 100,000 550,000 100,000 Compute and answer the following questions. 1. How much is the total current asset of the entity? 2. How much is the total non-current assets of the entity? 3. How much is the total current liability of the entity? 4. How much is the total non-current liability of the entity? 5. How much is the total assets of the entity? 2.
The solution must be good in accounting form.
Given the ledger accounts of Barella Company as of January 31, 2020: Accounts Payable $3,000 Rent Expense $5,600 Accounts Receivable 4,400 Service Revenue 10,400 Cash 8,800 Supplies 2,200 Share Capital-Ordinary 5,200 Notes Payable 2,400 Compute the total of the credit side of the trial balance. (show your computation). A. 22,000 B. 28,000 C. 26,000 O D. 21,000
Given the ledger accounts of Bastoni Company as of January 31, 2020: Cash $40,500 Accounts Payable $11,000 Supplies 5,200 Rent Expense 4,100 Share Capital-Ordinary 33,200 Accounts 8,700 Receivable Notes Payable 3,500 Service Revenue 10,800 Required: Compute the total of the debit side of the trial balance. (show your computation). 1. Compute the total of the credit side of the trial balance. (show your computation). 2.
Agency A receives a Notice of Cash Allocation from the DBM of 10,000,000.00 for the second quarter of 2021. What is the accounting entry to be recorded in Journal Entry Voucher. Answer in this format. Account Title Dr. Cr.
The following information was taken from the accounts receivable records of Sarasota Corporation as at December 31, 2020: OutstandingBalance Percentage Estimatedto be Uncollectible 0 – 30 days outstanding $160,000 0.5% 31 – 60 days outstanding 66,000 2.5% 61 – 90 days outstanding 40,200 4.0% 91 – 120 days outstanding 20,600 6.5% Over 120 days outstanding 5,600 10.0% (a) Prepare the year-end adjusting entry for bad debt expense, assuming allowance for doubtful accounts had a credit balance of $1,200 prior to the adjustment (b) Prepare the year-end adjusting entry for bad debt expense, assuming allowance for doubtful accounts had a debit balance of $3,880 prior to the adjustment.

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