Problem 3 Statement of financial position amounts as of December 31, 2017 for Laila's Learning Service are listed below. Prepare a statement of financial position in good form. Accounts Payable R.O. 200 Accounts Receivable 1,000 Cash 800 Share capital-ordinary?

Problem 3 Statement of financial position amounts as of December 31, 2017 for Laila's Learning Service are listed below. Prepare a statement of financial position in good form. Accounts Payable R.O. 200 Accounts Receivable 1,000 Cash 800 Share capital-ordinary?

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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Bookmarks Window Help D eBook Nov. 1 Bonds Payable Interest Expense Cash Dec. 31 Interest Expense Interest Payable Check My Work C CengageNOWv2 | Online teaching and learning resource from Cengage Learning Show Me How Journalize the entries to record the above selected transactions for the current year. If an amount box does not require an entry, leave it blank. May 1 Cash v2.cengagenow.com Entries for Issuing Thomson Co. produces and butes semiconductors for use by computer manufacturers. Thomson issued $270,000 of 25-year, 12% bonds on May 1 of the current year at face value, with interest payable on May 1 and November 1. The fiscal year of the company is the calendar year. May 1 Issued the bonds for cash at their face amount. Nov. 1 Paid the interest on the bonds. Dec. 31 Recorded accrued interest for two months. 270,000 APR 20 000 8 more Check My Work uses remaining. 270,000 200 All work saved. M Ć H tv ☎ a = Cengage Learning Email Instructor Save and Exit . Previous Thu Apr 20…
Account Title Ch. remainder Believer. remainder Furniture 15.000 Damped Furniture 1.200 Goods 4.000 Domestic Customers 21.000 Promissory notes in the portfolio 6.800 Shares Listed on the Stock Exchange 10.750 Current Deposits in Euro 2.000 Paid-in Share Capital 39.000 Regular reserve 6.000 Long-term bank loans 10.000 Domestic Suppliers 4.000 Promissory notes payable in euro 4.300 Bank A- short-term loan account 5.000 Dividends payable 900 Insurance Organizations (EFKA) 800 Staff Remuneration 26.000 Employer's contributions and personnel charges 9.000 Telecommunications 2.000 Rentals 1.500 Premiums 600 Third Party Facilities (lighting - water supply) 3.100 Travel expenses 900 Promotional and Advertising Expenses 2.500 Interest on Long-term Liabilities 1.800 Furniture depreciation…
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Item4 11.11points eBookReferences Check my workCheck My Work button is now enabled3 Item 4 Exercise 6-5 (Algo) Cash and cash equivalents LO C2 Specter Company combines cash and cash equivalents on the balance sheet. Using the following information, determine the amount reported on the year-end balance sheet for cash and cash equivalents. $19,000 cash deposit in checking account. $52,000 bond investment due in 20 years. $13,000 U.S. Treasury bill due in 1 month. $1,000, 3-year loan to an employee. $4,200 of currency and coins. $1,300 of accounts receivable.
usiness AccountingQ&A LibraryGet live help whenever you need from online tutors!Try bartleby tutor todayarrow_forward Question Asked Sep 11, 2020 1 views Jordan Shi operates a consulting firm called X, which began operations on August1. On August 31 the company's records show the following accounts and the amount of August. Cash =$25,460. Acct Receivable =$22,510; Land = $44,130 Office equipment =20,160 Office Supplies =$5,380; Acct payable =$10,370 Dividends =$ 6130 Consulting fees earned =$27,130 Rent expense =$9690 Salaries expense =$5710 Telephone expense =$1010 Miscellaneous expense =$ 620 Common stock =$103,300 Use the above information to prepare an August statement of retained ernigs for the company.(Net income for August is $10,100) Get live help whenever you need from online tutors!Try bartleby tutor todayarrow_forward Question Asked Sep 11, 2020 1 views Jordan Shi operates a consulting firm called X, which began operations on August1. On August 31 the…
Multiple Choice Question Paul's Programming Services paid $1,000 in cash dividends to its shareholders. Show how to use T-accounts to record this trans answer below. O Debit Dividends; credit Cash. O Debit Cash; credit Dividends. O Credit Accounts Receivable; debit Cash. O Credit Dividends; debit Retained earnings.
eBook < Cash Bb Content Launch - Fall 2023 TTU Introduction to ... Statement of stockholders' equity After its first month of operations, the following amounts were taken from the accounting records of Big Mountain Realty Inc. as of June 30, 20Y9. Common stock Dividends Interest expense Land Miscellaneous expense Balances, June 1, 20Y9 Issued common stock Net income Retained earnings Balances, June 30, 20Y9 Feedback 80 F3 Check My Work Check My Work ✓ $ - X Q F4 ✓ $79,500 37,500 of 15,000 Prepare a statement of stockholders' equity for the month ending June 10, 20Y9.If an amount box does not require an entry, leave it blank or enter Big Mountain Realty Inc. Statement of Stockholders' Equity For the Month Ending June 30, 20Y9 3,000 63,000 4,500 0 F5 v2.cengagenow.com Notes payable Rent expense 0 $ 37,500 Common Stock Retained Earnings Retained earnings Salaries expense Sales commissions 37,500 ✓ 0 ✓ ✓ Utilities expense C CengageNOWv2 | Online teaching and learning resourc... ^ $ 0 F6 0…
For you performance task#2 identify what do the underline words refered to Miriam deposite an amount of php89632.37 from abc bank on the 7th birthday of her daughter that pays 1% interest compounded anually she received an amount of php100000 on the 18th birthday of her daughter
M # engage.com/mod/que/attempt.phphathengt-40171338-10451478-4 04/2021 LTI] HOSP 215 - A Rachel has 16.000 cash in the bank, owns debt! Select one O O O LUS @2 $21,000 $32,000 $10,000 d. $11,000 4- S 13 43 X F4 $ W E R 0- 19 D F % 5 valued at $15,000 and has a net worth of $13,000. What is her total 0+ FE T 6 FT 20 FB & 007 N 0 FF 8 3* 710 Y U I ( 9 G H J K B 911 O Next pr 0 W H L
CrazyGames Apply AA Video 20-- Dashboard F v2.cengagenow.com Print Item July. 1 Cash K. Elliot, Capital Owner's original investment My Home Post the journal entries from Step 2 to the following general ledger accounts: Assets Liabilities Revenue 111 Cash 221 Accounts Payable 411 Consulting Fees 115 Supplies 512 Rent Expense 124 Equipment Owner's Equity 515 Telephone Expense 311 K. Elliot, Capital 312 K. Elliot, Drawing If an amount box does not require an entry, leave it blank. 20-- ACCOUNT GENERAL LEDGER Cash VPN 86% C CengageNOWv2 | Online teaching an... 111 1000000 10 000 00 ACCOUNT NO. 111 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT Previous All work saved. Save and Exit Submit Assignment for Grading Pencil
Sample Worksheet Work Sheet For the Month Ended January 31, 2020 Trial Balance Adjustments Adj. T/Balance Income Statement Balance Sheet Account Title Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. 13,200 22,000 5,400 29,250 22,000 5,400 Cash 20,000 b-h 3,950 29,250 22,000 a CD'S Other Securities 5,400 Loan Payable Owner' Equity 25,000 15,600 b 25,000 15,100 25,000 15,100 500 Revenue a 20,000 20,000 20,000 Interest Income Utilities expense Internet & Telephone Advertising Expense C 300 300 300 150 150 150 e 300 300 300 Rent Expense f 2,000 2,000 2,000 Supplies expense 450 450 450 Insurance expense 250 250 250 40,100 16,550 56,650 40,600 23,950 60,100 3,450 16,550 20,000 40,600 23,950 60,100 20,000 56,650 Net income 20,000 56,650 1. Cash is overstate by 500.00 and Owners Equity is overstated by $500.00. 2. Utilities Expense of $300.00 was paid on January 25. 3. Insurance expense of $250.00 was paid on January 27. 4. supplies for the month in the amount of $450.00 was purchased. 5. Rent for…