Question 1 Khand deposted 110 000 ina ba account that pys 12 est conpounded anuty What sege aountldneeds to depost at end of year 2o at he has 120 c00 he account at end of year 5 Aen $11348 $1.494 $1.4 $2.4
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- ve Pod Brls touche CIHd becorne posit »Activity 7.8 lTHRhe Creets Use the following information to complete the account of Joe Soap, a debtor, in the Debtors Ledger of Munnik Stores for April 2017. Information The following balances appeared, among others, in the books of Munnik Stores: Debtors List on 1 April 2017 Debtors Control C Martin R2 500 Balance R5 000 Joe Soap A Taylor R1 000 Transactions for April 2017 Joe Soap paid half of the amount owed by him on 1 April 2017. 01 Receipt no. 23 was issued to him. Sold goods with a cost price of R480 to Joe Soap on credit (goods are sold at 25% on cost price). Issued invoice no. 15. Joe Soap returned merchandise with a selling price of R50. These 05 goods were invoiced on 5 April. Issued credit note no. 4. Joe Soap bought goods for cash, R500 (cost price, R300). Received a cheque from Joe Soap in full settlement of his account to date and allowed him a 7% discount for prompt payment. Issued 07 12 25 receipt no. 45. Sold merchandise to Joe…Letter B Merchandising Business10:01 ull LTE 4 Davida practice question- financia... Question I Below is the trial balance extracted from the books of Election Petition Ghana Enterprise at the end of the year 2020. DR CR GH¢ GHe 195,000 445,000 Capital Revenue Purchases 255,560 Inventory at 31/12/2019 Land and Building 86,700 35,200 7,480 50,000 16,350 20,420 2,850 Distribution Trucks Deep Freezers and Bicycles 20% Long term Loan 1000 Interest on loan 150 Carriage inwards 100 Purchases returns 8,520 40,600 36,760 Cash and Bank Trade Receivables 65,000 2,180 Trade Payables Provision for doubtful debts Vehicle running expenses Utilities 19,990 32,650 19,250 22,900 39,750 50,860 Fuel Sales promotion and advertising Selling expenses Salaries Insurance 21,410 Transportation expenses 11,950 Rent income received 450 Income from the sale of empty bags and scraps 390 Discounts Allowed 90 Discounts Received 120 744,340 744,340 The following information is also provided: a) Inventory in trade were valued at GH¢51,700 at the…
- Saved Help Save & Exit Submit R5 EXERCISES 6 Check my work Renee is a salaried exempt employee who earns an annual salary of $63,120, which is paid semimonthly. She is married with four withholding allowances. What is her total FICA tax liability per pay period? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) k. Multiple Choice nces $163.06 $38.14 $201.20Tools Take-Home Exam 1 x ☆の 囚a |玩,可一個La t 13 / 14 116% The owner of Time Traders requested you to calculate the net profit for the year ended 30 June 2020. Mr Minute, the owner, has not been very diligent in keeping records. He has presented you with the following information: His assets and liabilities at the beginning of the financial year were as follows: Equipment at carrying value Vehicles at carrying value Trading inventory R75 000 R 125 000 R180 000 Cash in bank R32 000 Debtors R31 500 Creditors R8 500 Loan: Second Bank (14%) R50 000 The bank statements show a credit balance of R48 790 as at 30 June 2020. All the cash received has been deposited. A stock-take performed on 30 June 2020, showed inventory on hand with a cost price of R230 000. The debtors balance at year-end is R38 000 and the creditors balance is R16 225. Equipment was purchased during the year at a cost price of R5 000. Depreciation on vehicles for the year amounted to R20 000 and for the equipment R15 000. The…Week1/Chapter 2 Aagrmex O Qurstion 4-Ch 2- Finl. Stateme x C4 lem Simmone ls education.com/ext/man/inder.htmi.con condexternal browser olaunchUr http:62534%252F252Fne Statements & Cash Flow Seved Sheaves, Inc., has sales of $55,500, costs of $25,200, depreciation expense of $2,800, and interest expense of $2,550. If the tax rate is 24 percent, what is the operating cash flow, or OCF? (Do not round intermediate calculations.) Operating cash floe earch
- Vijay shiyalN 75% 3G DI 12:51 transtutors Get Answers. Get Unstuck. Study Faster Enter the following transactions in the accounts of L. Linda: 2017 July 1 Started in business with £20,000 in the bank. 2 D. Rupert lent us £5,000 in cash. 3 Bought goods on time from B. Brown £1,530 and 1. Jess £4,162. 4 Sold goods for cash £1,910. 6 Took £200 of the cash and paid it into the bank. 8 Sold goods on time to H. Rise £1,530. 10 Sold goods on time to P. Taylor £341. 11 Bought goods on time from B. Brown £560. 12 H. Rise returned goods to us £65. 14 Sold goods on time to G. Pate £535 and R. Sim £262. 15 We returned goods to B. Brown £94. 17 Bought van on time from Aberdeen Cars Ltd £9,100. 18 Bought office furniture on time from J. Winter Ltd £1,800. 19 We returned goods to 1. Jess £130. 20 Bought goods for cash £770. 24 Goods sold for cash £110. 25 Paid money owing to B. Brown by cheque £1,924. 26 Goods returned to us by G. Pate £34. 27 Returned some of office furniture costing £180 to I. Winter Ltd. II12:52 S ㅁ expert.chegg.com/qna/au Chegg Hide student question Student question LTE Skip Exit + 32 5G Classify the following balance sheet items under fixed assets, working capital, shareholders' equity, or net debt: overdraft, retained earnings, brands, taxes payable, finished goods inventories, bonds. Time Left: 01:59:57 Submit ||| 8 Training
- table » tbódy » tr » tu Question 19 Journalize this transaction: Paid Kraft Co.$4,000 on account. Edit View Insert Format Tools Table 12pt v Paragraph v |BIU Av15:58 0.00 N KB/S go.room.sh/?room=3ec0b922-e618- Question F Polk, after being in Bakery business för some years without keeping proper records, nowdecides to ke 2021 he establishes that his assetsand liabilities are as follows: Assets: Van £5,700, Fixtures £2,800, Stock £5,200, Debtors - PMullen £105, M Abel £311, Bank £1060, Cash £85. Liabilities: Creditors - Syme Ltd £229, A Hill£80.He is not sure about Journal entries for the following transactions in September 2021 as follows:Sep 1: A debt of £105 owing from P Mullen was written off as a bad debtSep 5: Office Fixtures originally bought by credit for £150 was returned to the supplier Syme Ltd., as it was unsuitable. Full allowance will be given for this.Sep 10: The business is owed £311 by M. Abel. He is declared bankrupt and we only received£180 cash in full settlement of the debt.Sep 18: Bought a Machinery from Brown Ltd. to use in the company. The total purchasing valueof the machine is £1,800. The owner paid £100 cash, £500 by…I need help with the whole chart
