Reddy keeps his books by single entry system. On 1-4-2019 his financia position was as follows: e0 000.00 2S-Rs. Rs. Cash in hand o 1,250 Cash at bank Stock in trade 2,000 350 15,100 5,900 7,500 Fix tures 9,800 Plant Sundry dcbtors b Sundry creditors 9,000 Drawings On 31-3-2020 his financial position was as follows: sben aadtno oRs. Sundry creditors Fixtures Rs. 7,500 Plant 320 Debtors 18,100 13,300 1,150 14,000 Cash in hand 3,600 You are required to prepare a statement of profit or loss and a closin Stock in trade Bank overdraft statement of affairs

Reddy keeps his books by single entry system. On 1-4-2019 his financia position was as follows: e0 000.00 2S-Rs. Rs. Cash in hand o 1,250 Cash at bank Stock in trade 2,000 350 15,100 5,900 7,500 Fix tures 9,800 Plant Sundry dcbtors b Sundry creditors 9,000 Drawings On 31-3-2020 his financial position was as follows: sben aadtno oRs. Sundry creditors Fixtures Rs. 7,500 Plant 320 Debtors 18,100 13,300 1,150 14,000 Cash in hand 3,600 You are required to prepare a statement of profit or loss and a closin Stock in trade Bank overdraft statement of affairs

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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B. Problem (please refer to the picture.)
The data below are from the records of DUSK, INC. on December 31, 2019. The amount to be shown as total current liabilities on Dusk's statement of financial position at December 31, 2019, is Accounts payable Cash balance DEF Bank Cash overdraft with ABS Bank Customers accounts with credit balances Didends in arrears on preference shares P680.000 1.240.000 80 000 25.000 400.000 Employees income tax payable Estimated warranty payable 100.000 50 000 Estimated premium claims outstanding Income tax payable Notes payable (issued in 2019 maturing in 20 semi-annual installments beginning on April 1. 2020) Salaries payable 90.000 400.000 4,000,000 400,000 Your answer
Based on the following data of KONTINALANG Co., how much is the adjusted bank balance as of December 31, 2019?
Hello- Is there a way to get Times inteset earned using the attached data. Please advise. Thanks, Ityla Lungu 773.780.7930
Date Particulars Jan 1, 2020 Abdul commenced his business with Cash = OMR 35000 2 He deposited into bank current account = OMR. 20000 He sold goods to Hakkim on credit = OMR 1000 He paid Said by Cheque = OMR 1980 and receive discount = OMR 20 for 4 5 the goods purchased on credit He receive cheque from Hakkim 6 OMR 970 and allow him discount OMR 30 7 He makes sales for cash = OMR. 2800 Hakkim cheque deposited in to the bank = OMR 970 11 He purchased a motor car by cheque = OMR 7500 12 He purchased goods by cash = OMR. 2500 13 He withdraws from bank for office use = OMR. 750 Commission received = OMR 100 |Purchased furniture by Cheque for OMR 450 16 18 20 Withdraw from bank for personal use OMR 600 27 Sold goods to Mr. Haji for OMR 400 28 Received cheque from Mr Haji for OMR 375 in full settlement and deposited in to bank 30 Motor car repair expenses OMR 120 Required: Prepare triple column cash book with Discount, Cash and Bank Column
Please write the attached text in handwriting. Thanks
At December 31, 2023, Blanco Company had the following balances in the accounts it maintains at Manila Bank: Checking account # 101 Checking account # 201 Time deposit account - 30 days 90-day treasury bill, due Mar. 1, 2024 Travel fund Cash in sinking fund 180-day treasury bill due Apr. 1, 2024 P2,000,000 (200,000) 350,000 400,000 125,000 500,000 875,000 Blanco Company classifies investments with original maturities of three months or less as cash equivalents. In its December 31, 2023 statement of financial position, what amount should Blanco Company report as cash and cash equivalents?
Ablema has provided you with the following bank statement and bank account details in respect of the month ended 31 January 2018. Statement date - 31 January, 2018. Account No 1452800 Date Particulars Debit Credit Balance GH¢ GH¢ GH¢ 01-Jan-18 Balance forward 67,580 Cr 06-Jan-18 Cheque 597 120 67,460 Cr 06-Jan-18 Direct debit 2,020 65,440 Cr 12-Jan-18 Credit transfer 4,660 70,100 Cr 13-Jan-18 Cheque 600 1,420 68,680 Cr 14-Jan-18 Cheque 601 12,028 56,652 Cr 16-Jan-18 Lodgement 9,000 65,652 Cr 19-Jan-18 Cheque 599 18,004 47,648 Cr 23-Jan-18 Bank charges for December 2017 422 47,226 Cr 25-Jan-18 Quarterly interest received 62 47,288 Cr 27-Jan-18 Dishonoured cheque 1,600 45,688 Cr 27-Jan-18 Cheque 598 26,090 19,598 Cr 30-Jan-18 Cheque 603 5,048 14,550 Cr 31-Jan-18 Lodgement 14,500 29,050 Cr 31-Jan-18 Standing order: rent first quarter 2018 27,000 2,050 Cr The books and records of Ablema show the followings transactions through the bank account for the month of January 2018: Date Receipts…
6. A cheque for RO 2,000 is presented in the clearing on the 20-01-2020 for payment when the balance in the account is RO 550. The customer has a fixed deposit account with a bank for a sum of RO 1500.
Deb secured a line of credit for her business and received the following statement of account for the month of February 2021. Date Transaction Deposit Withdrawal Balance Feb 1 Balance -450 Cheque 262 Deposit Feb 4 570 -1020 Feb 10 2250 1230 Cheque 263 Cheque 264 Feb 16 280 950 Feb 20 1090 -140 Feb 22 Cheque 265 100 -240 Feb 27 Cheque 266 160 -400 Feb 28 Daily interest of 1.5% p.a. is earned on all positive balances. Daily interest of 7% p.a. is charged on all negative (line of credit) balances. Overdraft interest of 18% p.a. is charged on daily amounts exceeding $1,000. Service charge of $5.00 is charged for each transaction causing an overdraft or adding to an overdraft. 1.) Determine the amount of interest earned. (a positive value) 2.) Determine the amount of interest charged on the line of credit. (a positive value) 3.) Determine the amount of interest charged on overdrafts. (a positive value) 4.) Determine the amount of service charges. (a positive value) 5.) Determine the account…
Please do 4.1.1 and use the table below. Please also complete the totals for each column
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