Hespeler services financial accounting information for the year ending October 2019 is presented below , assume all accounts have a normal balance Otros Gateway x DEL Chapter 6 Pos XChapter 6 Post XStudent Webhttps://www.ameengage.com/mod/quiz/attempt.php?attempt=3946963&cmid=1071696Take me to the textHespeler Services' financial accounting information for the year ending October 31,Cash$8,970Equipment$36,180Accounts Payable$4,820Accounts Receivable$3,710Accumulated Depreciation$570Unearned Revenue$1,400Merchandise Inventory$7,020Prepaid Insurance$2,530Bank Loan$24,000Presto, Capital$ 27,620The bank loan is payable over 4 years and $6,000 will be paid by October 31, 2020.RequiredPrepare a classified balance sheet using the balances listed above.Do not enter dollar signs or commas in the input boxes. For accumulated depreciatSelect accounts according to their classification. If more than one account is used uabove. For example, if cash and accounts receivable are both current assets choosesecond.

Total assets 57840 Total liabilities and shareholder's equity 57840

Answered: Required Prepare a classified balance…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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The December 31, 2021, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Debits 14,600 345,000 14,500 54,000 640,000 Account Title Credits Cash Accounts receivable Prepaid rent Inventory Office equipment Accumulated depreciation Accounts payable Notes payable (due in six months) Salaries payable Interest payable Common stock Retained earnings Sales revenue 266,000 78,000 72,000 7,800 2,400 400, 000 165,000 780,000 Cost of goods sold Salaries expense Rent expense Depreciation expense Interest expense Advertising expense 468,000 117,000 43, 500 64,000 4,800 5,800 1,771, 200 1,771, 200 Totals Required: 1-a. Prepare an income statement for the year ended December 31, 2021. 1-b. Prepare a classified balance sheet as of December 31, 2021. Re LA Reg 1a Re 2 Prepare an incoe statement for the year anded December 31, 2021. BLUEBOY CHEESE CORPORATION Income Satement For the Year Ended December 31, 221
A. Prepare the following for the year ended 31 December 2020 i. Statement of affairs as at january 1 2020 ii. Bank account iii.accounts payable and accounts receivable accounts iv. Income statement V.balance sheet
QUESTION 2 The following is the Trial Balances extracted from the books of Rosemary Garden Enterprise as at 31 December 2021: Debit (RM) Credit (RM) 153,900 Capital Drawings 3,500 Sales 400,000 Purchases 250,000 Return Inwards and outwards 4,150 450 Inventory as at 1 January 2021 Delivery van at cost Office equipment at cost Accumulated depreciation at 1 January 2021 Delivery van Office equipment 65,000 20,000 36,000 4,500 10,800 Account Receivable 90,000 Account Payable 32,000 Insurance on machinery 750 Allowance for doubtful debts as at 1 January 2021 1550 Discount allowed and discount received 350 800 Stationery General expenses Rental expense 300 2,200 3,300 Interest on loan 5,600 Cash in hand 4,250 Cash at bank Carriage inwards Wages and salaries expenses 10% Long term investment 8% Loan from Tekun 9,000 1,500 16,100 162,000 70,000 674,000 TOTAL 674,000 Additional information: a) The closing inventory as at 31 December 2021 is RM 30,000. b) The amount of a debtor of RM750 is to be…
Epping Ltd. is a listed company based in Essex County. The company prepares its financial statements as at 31 December each year. The following trial balance is for the period ending 31 December 2019: Required: Prepare the following financial statements for Epping Ltd. for the year ended 31 December 2019 in accordance with IAS 1, Preparation of Financial Statements. Show all workings. 1）A statement of comprehensive income for the year ending 31 December 2019. 2）A statement of changes in equity for the year ending 31 December 2019. 3）A statement of financial position as at 31 December 2019.
PTD adopts the calendar year as reporting period and publishes interim financial report for the quarter-ended June 30, 2021. Which among the following reports bears correct date/period?I. Statement of Financial Position as of June 30, 2021 and as at December 31, 2020II. Statement of Financial Position as of June 20, 2021 and as at June 30, 2020III. Statement of Comprehensive Income for quarter-ended June 30, 2021, and six months ended June 30, 2021 plus Statement of Comprehensive Income for the period-ended December 31, 2020 and six-months ended June 30, 2020IV. Statement of Changes in Equity for six months ended June 30, 2021 and period-ended December 31, 2020V. Statement of Cash Flows for the six months ended June 30, 2021 and six months ended June 30, 2020.
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Selected accounts and related amounts for Kanpur Co. for the fiscal year ended June 30, 2019, are presented in Problem 6-5B.Instructions1. Prepare a single-step income statement in the format shown in Exhibit 12.2. Prepare closing entries as of June 30, 2019.
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Required Prepare a classified balance sheet using the balances listed above. innut hoxes. For accumul