Record the following transactions in the Journal and post them into ledger and prepare a Trail Balance Oct 1st 3rd 4th 5th sajjad started business with a capital of 80,000 Bought goods from Karl on credit 20,000 Sold goods to Tarl 25,000 Cash purchases 25,000 Cash sales 15,000 Goods retuned to Karl 2,000 Bought furniture for 15,000 Cash paid to Karl 12,000 Goods returned by Tarl 3,000 Goods taken by Neel for personal use 3,000 Cash received from Tarl 12,000 Took loan from Parl 30,000 Salary paid 5,000 Bought stationery for 1,000 Amount paid to Parl on loan account 18,000 Interest received 4,000 7th 9th 10th 11th 12th 14th 15th 16th 17th 18th 19th 20th

Record the following transactions in the Journal and post them into ledger and prepare a Trail Balance Oct 1st 3rd 4th 5th sajjad started business with a capital of 80,000 Bought goods from Karl on credit 20,000 Sold goods to Tarl 25,000 Cash purchases 25,000 Cash sales 15,000 Goods retuned to Karl 2,000 Bought furniture for 15,000 Cash paid to Karl 12,000 Goods returned by Tarl 3,000 Goods taken by Neel for personal use 3,000 Cash received from Tarl 12,000 Took loan from Parl 30,000 Salary paid 5,000 Bought stationery for 1,000 Amount paid to Parl on loan account 18,000 Interest received 4,000 7th 9th 10th 11th 12th 14th 15th 16th 17th 18th 19th 20th

Name: Question 3:Record the following transactions in the Journal and post
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Description: Question 3:Record the following transactions in the Journal and post them into ledger and prepare aTrail BalanceOct 1st3rd4thsajad started business with a capital of 80,000Bought goods from Karl on credit 20,000Sold goods to Tarl 25,000Cash purchase

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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Subject:accounting
Chapter : Bank Reconciliation Statement
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8:17 1 customer in payment of the customer's account of \ $2.700. What is the up-to-date ending Cash balance? 4. a bank reconciliation included a deposit in transit of $720, the company's journal entry for this reconciling item would include 5. Urban Bloom, Incorporated's books show an ending cash balance of $13,500 before preparing the bank reconciliationGiven the bank reconciliation shows outstanding checks of \$3700 deposits in transit of \$2,700, NSF check of $ 170, and interest earned on the bank account of $80, the company's up-to-date ending cash balance equals: 6. Egrane, Incorporated's monthly bank statement showed the ending balance of cash of $19,200. The bank reconciliation for the period showed an adjustment for a deposit in transit of $1,850, outstanding checks of $2,700, an NSF check of $1,400, bank service charges of $65 and the EFT from a customer in payment of the customer's account of $2,200. What was the cash balance on the Egrane's books (before the adjustments for…
Entries for Payroll and Payroll Taxes The following information about the payroll for the week ended December 30 was obtained from the records of Saine Co.: Salaries: Deductions: Sales salaries $214,000 Income tax withheld $77,616 Warehouse salaries 118,000 Social security tax withheld 26,460 Office salaries 109,000 Medicare tax withheld 6,615 $441,000 Retirement savings 9,702 Group insurance 7,938 $128,331 Tax rates assumed: Social security, 6% Medicare, 1.5% State unemployment (employer only), 5.4% Federal unemployment (employer only), 0.6% Required: If an amount box does not require an entry, leave it blank. 1a. Assuming that the payroll for the last week of the year is to be paid on December 31, journalize the entry on December 30 to record the payroll. Date Dec. 30 Account Debit Credit
Please prepare the Income Statement and Cash Flow Statement. Thanks!
The August bank statement and cash T-account for Martha Company follow: BANK STATEMENT Date Checks Deposits Other Balance August 1 $ 13,170 August 2 $ 100 13,070 August 3 $ 9,000 22,070 August 4 200 21,870 August 5 150 21,720 August 9 490 21,230 August 10 110 21,120 August 15 3,000 24,120 August 21 200 23,920 August 24 14,900 9,020 August 25 5,500 14,520 August 30 600 13,920 August 30 Interest earned $ 20 13,940 August 31 Service charge 10 13,930 Cash (A) Debit Credit August 1 Balance 13,170 Deposits Checks written August 2 9,000 100 August 1 August 12 3,000 200 August 2 August 24 5,500 150 August 3 August 31 4,000 110 August 4 490 August 5 190 August 15 250 August 17 600 August 18 200 August 19 14,900 August 23 August 31 Balance 17,480 No deposits were in transit and no checks were…
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40 Easa Saleh Al Gurg Group Careers established petty cash fund with OMR 300. The petty cash custodian spent OMR 270 on different petty expenses and preserved all the receipts in the cash box. Therefore the petty box of the company containing OMR 30 cash plus OMR 270 receipts. The cash custodian sent all the receipts to the accountant and accountant replenished the cash in the cash box. How much the accountant of the company replenished cash in the petty cash box? Identify the correct answer from the following given options. a. OMR 330 b. None of the given options c. OMR 300 d. OMR 270
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25-Mr. Said Al busaidi is a trader of Mobile business. Which of the following transactions will be recorded in his cash disbursement Journal? a. Bought mobiles worth RO 30,000 from Muscat Supplies LLC 2/10, n/30 b. Bought mobiles worth RO 18,000 from Nizwa Mobiles under the terms of 2/10 n/30 c. Received cash from Sohar Supplies LLC for RO 12,500 d. Cash paid to Muscat Mobiles LLC RO 12,500
Prepare a bank reconciliation statement