t ofYou are given the following information for Sibas Nail Bar:Equipment....Manicure tables and chairs...Inventory.....Clients owing Sibas Nail Bar..Sibas Nail Bar owes Salon Suppliers..BankShort term loan..Time left 1:14:11R149 5004 60011 50028 75086 25014 95057 500The total assets of Sibas Nail Bar will be...NB: Instructions1. Use a full stop to indicate any decimals (eg: 1000.01)2. Only show the amount, do not show the R (eg: 12141.72)?

In accounting, assets are resources owned by a business which can be used to generate future…

Answered: t of You are given the following…

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter4: Operating Activities: Sales And Cash Receipts

Section: Chapter Questions

Problem 1.4C

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1. How should the $25 Referral Credit be recorded in Runway’s incomestatement?2. When would Runway record the $25 Referral Credit? What are the journalentries Runway would record when the $25 Referral Credit is earned bythe Existing Customer? What are the journal entries Runway would recordwhen the $25 Referral Credit is redeemed against a $100 purchase madeby the Existing Customer?3. Runway is planning to adopt IFRSs in the near future. What is the relevantaccounting guidance it would follow under IFRSs?
I need help what is the correct answer. Just match for the definitions to the word please.
SUBJECT: Financial Accounting and Reporting Instruction: Choose the Debit and Credit Accounts of the following transactions. TRANSACTION: Paid employees salaries1. Debit *a. Cash In Bankb. Accounts Receivablec. Unused Laundy Suppliesd. Prepaid Insurancee. Equipmentf. Accounts Payableg. Unearned Incomeh. Amora, Drawingi. Amora, Capitalj. Service Incomek. Salaries ExpenseL.Taxes and Licensesm.Transportation 2. Credit *a. Cash In Bankb. Accounts Receivablec. Unused Laundy Suppliesd. Prepaid Insurancee. Equipmentf. Accounts Payableg. Unearned Incomeh. Amora, Drawingi. Amora, Capitalj. Service Incomek. Salaries ExpenseL.Taxes and Licensesm.Transportation TRANSACTION: Paid business permits3. Debit *a. Cash In Bankb. Accounts Receivablec. Unused Laundy Suppliesd. Prepaid Insurancee. Equipmentf. Accounts Payableg. Unearned Incomeh. Amora, Drawingi. Amora, Capitalj. Service Incomek. Salaries ExpenseL.Taxes and Licensesm.Transportation 4. Credit *a. Cash In Bankb. Accounts Receivablec. Unused…
question is attached in the ss blow thanks for help thlatpatphat ha arepoacited it top4ipt4op 4itp 4iyp4 o o4i y
1. Suppose a hotel purchases P50,000 computer to be used in the operations on credit from a supplier. The journal entry should be: A. Account to be debited: Computer; Account to be credited: Accounts Payable B. Account to be debited: Accounts Receivable; Account to be credited: Computer C. Account to be debited: Purchases; Account to be credited: Accounts Payable D. Account to be debited: Purchases; Account to be credited: Accounts Receivable 2. Suppose Mr. Chan lends P500,000 cash to the entity. At the same time, the entity uses part of the money to repay the amount owed to a creditor and holds the remaining amount of P400,000 in the bank account. the journal entry should be: A. Account(s) to be debited: Cash, P500,000, Bank, P400,000; Account(s) to be credited: Accounts payable, P900,000 B. Account(s) to be debited: Cash, P100,000, Bank, P400,000; Account(s) to be credited: Loan from Mr. Chan, P500,000 C. Account(s) to be debited: Cash,…
16.
Please Answer all parts
The receipt of money from a bank loan is recorded as a debit to Cash and a credit to Sales.
When would Runway record the $25 Referral Credit? What are the entries Runway would record when the $25 Referral Credit is earned by the Existing Customer? What are the entries Runway would record when the $25 Referral Credit is redeemed against a $100 purchase made by the Existing Customer?
REQUIRED: (Round all numbers to the nearest RM) a) Prepare all the related journal entries for Glove Bhd for the financial year 2019. b) Briefly discuss whether (i) trade receivable and (ii) bank overdraft fulfill the definition of financial assets.
Kindly do a balance sheet extract
Please use the formula given , and solve with steps thank you

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