Telephone Office refreshments Cleaning materials Stationery Electricity Wages & Salaries Entertainment Fuel Additional information and adjustments as at 30 June 2018: N14 N15 N16 N17 N18 N19 1) The owner made a capital contribution (cash) of R100 000 on 1 March 2018. 2) The stock take revealed the following items on hand: a) Stationery R1 200; b) Trading inventory R22 525. 3) The allowance for credit losses need to be adjusted to the amount of R800. 4) 5) A piece of furniture was sold for cash on 1 July 2017 and no entries have been rec was originally bought for R18 000 on 1 July 2015 and was sold for R12 000. Provide for depreciation as follows: a) Motor vehicles: 20% per annum on straight-line method. Note: a new moto was bought for R180 000 on 28 February 2018. This purchase has been prop recorded. The Independent Institute of Education (Pty) Ltd 2018

View Policies Current Attempt in Progress You have been provided with the following selected accounts for Flounder Ltd. for the year ended April 30, 2024: Inventory, May 1, 2023 Purchases Accounts receivable Sales Purchase discounts Freight in Land $578,000 5,932,000 (a) 809,000 9,264,000 Interest expense Interest income Accounts payable Administrative expenses 39,000 Selling expenses 122,000 Cash 869,000 Common shares $29,000 21,000 617,000 837,000 155,000 148,000 199,000 Flounder conducted a physical inventory count on April 30, 2024. Inventory on hand at that date was determined to be $988,280. Prepare a partial multiple-step statement of income for the year ended April 30, 2024, through to gross profit.

INCOME STATEMENT,OWNER EQUITY AND BALANCE SHEET The following selected accounts and their current balances appear in the ledger of Kanpur Co. for the fiscal year ended June 30, 2019: Cash $112,500   Gerri Faber, Drawing $67,400 Accounts Receivable 302,600   Sales 4,066,600 Merchandise Inventory 341,900   Cost of Merchandise Sold 2,383,000 Estimated Returns Inventory 13,500   Sales Salaries Expense 670,100 Office Supplies 10,600   Advertising Expense 184,300 Prepaid Insurance 8,200   Depreciation Expense—Store Equipment 35,900 Office Equipment 247,500   Miscellaneous Selling Expense 15,700 Accumulated Depreciation—Office Equipment 168,200   Office Salaries Expense 365,800 Store Equipment 772,700   Rent Expense 54,000 Accumulated Depreciation—Store Equipment 247,500   Insurance Expense 16,800 Accounts Payable 171,300   Depreciation Expense—Office Equipment 27,000 Customer Refunds Payable 27,000   Office Supplies Expense 9,900 Salaries Payable 10,900…

the sales ledger and purchase ledger junta ltd as at 31 may 2020. purchase ledger balances as 1 june 2020                      $19,420sales ledger balance as 1 june 2020              $28,227purchase journal                                               $210,416sales journal                                                      $305,824returns outwards                                              $1,452returns inwards                                                 $3,618cheques paid to suppliers                                 $205,751cash paid to supplier                                         $62cheques ans cash received from customers    $287,317discount allowed                                                 $4,102discount received                                                $1,721contras against purchase ledger                       $640 1) Sales ledger control2)Puchase ledger control

The following selected account balances were taken from Buckeye Company's general ledger at January 1, 2019 and December 31, 2022: Accounts receivable Inventory Sales revenue Cost of goods sold January 1 $126,000 $163,000 The following information was taken from Buckeye Company's 2022 income statement: Salaries expense Income tax expense Net income December 31 $139,000 131,000 $967,250 $429, 240 $211,390 $ 97,986 $228,634 Calculate the average number of days that elapse between Buckeye Company buying their inventory from suppliers and then selling the inventory to customers.

Question: Prepare a statement of financial position as at 31 December 2021 for Tonson Below is the list of nominal ledger balances of Tonson Plc at 31 December 2021. Tonson’s financial year end is at 31 December. Nominal ledger closing balances at 31 December 2021 The following information is relevant. 1. Closing inventory at 31 December 2021 is £45,000 On further investigation of the suspense account in the trial balance above, it was discovered that: An expense of £8,250 for legal services had been posted to the suspense account and a cash receipt of £15,750 had been posted to the suspense account. This represented the disposal proceeds from selling equipment, which had been purchased on 1 March 2017 at a cost of £48,000. Tonson depreciates non-current assets as follows: buildings at 1 per cent on a straight-line basis plant and equipment at 10 per cent on a straight-line basis motor vehicles at 20 per cent on a reducing balance basis. Non-current assets…

Please provide correct answer accounting question

how to do my income statement

Calculate:  a.  Average Receivable days/ Debtors collection periodb. Average Payable days/ Creditors collection period

REQUIRED Prepare the Statement of Financial Position as at 29 February 2020.