The adjusted trial balances of Vivian Asacta Wedding Planner as at Dec. 31, 2021, and Problem #11 Analyzing Accounts The adjusted trial balances of Vivian Asacta Wedding Planner as at Dec. 31, 2021, ame Nov. 30, 2021, include these amounts: Dec. 31, 2021 P 21,000 31,000 Nov. 30, 2021 P 15,000 Supplies Salaries Payable 37,000 Unearned Service Revenues 142,000 163,000 Analysis of the accounts revealed these transactions for December: Supplies purchased Salaries paid Cash received in advance for service revenues P 84,000 846,000 1,800,200 Required: Compute the amount of Supplies Expense, Salaries Expense, and Service Revenues to E reported on the Dec. 2021 income statement.

The adjusted trial balances of Vivian Asacta Wedding Planner as at Dec. 31, 2021, and Problem #11 Analyzing Accounts The adjusted trial balances of Vivian Asacta Wedding Planner as at Dec. 31, 2021, ame Nov. 30, 2021, include these amounts: Dec. 31, 2021 P 21,000 31,000 Nov. 30, 2021 P 15,000 Supplies Salaries Payable 37,000 Unearned Service Revenues 142,000 163,000 Analysis of the accounts revealed these transactions for December: Supplies purchased Salaries paid Cash received in advance for service revenues P 84,000 846,000 1,800,200 Required: Compute the amount of Supplies Expense, Salaries Expense, and Service Revenues to E reported on the Dec. 2021 income statement.

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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Prepare A Classified balance sheet, in report format, at June 30, 2020. READY HOSPITAL SUPPLIES ADJUSTED TRIAL BALANCE AS AT JUNE 30, 2020 ACCOUNT DEBIT CREDIT 1 Cash 127,000 2 A/c receivables 151,000 3 Allowance for bad debt 19,500 4 Prepaid insurance 48,000 5 Merchandise inventory 186,000 6 Store supplies 25,000 7 Prepaid rent 14,000 8 Furniture and fixtures 800,000 9 Accumulated depreciation-furniture & fixtures 320,000 10 Computer equipment 450,000 11 Accumulated depreciation-computer equipment 21,000 12 Interest payable 36,000 13 Accounts payable 133,500 14 Salaries payable 14,000 15 Unearned sales revenue 34,000 16 Portion of loan 90,000 17 Long term loan 270,000 18 Eva Ready Capital 898,500 19 Eva Ready Withdrawals 104,000 20 Sales revenue 1,091,000 21 Gain on computer equipment 14,000 22 Interest expense 36,000 23 Sales discount 7,000 24 Insurance expense 24,000 25…
Naa Adjorkor started business as a paper plate and cup manufacturer on 1 January 2018, making up accounts to 31 December 2018. Electricity bills received were as follows. 2018 2019 2020 GHC GHC GHC 31 January 6,491.52 6,753.24 30 April 5,279.47 5,400.93 6,192.82 31 July 4,663.80 4,700.94 5,007.62 31 October 4,117.28 4,620.00 5,156.40 What should the electricity charge be for the year ended 31 December 2018, 2019 and 2020; show the necessary journal entries
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Sample Worksheet Work Sheet For the Month Ended January 31, 2020 Trial Balance Adjustments Adj. T/Balance Income Statement Balance Sheet Account Title Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. 13,200 22,000 5,400 29,250 22,000 5,400 Cash 20,000 b-h 3,950 29,250 22,000 a CD'S Other Securities 5,400 Loan Payable Owner' Equity 25,000 15,600 b 25,000 15,100 25,000 15,100 500 Revenue a 20,000 20,000 20,000 Interest Income Utilities expense Internet & Telephone Advertising Expense C 300 300 300 150 150 150 e 300 300 300 Rent Expense f 2,000 2,000 2,000 Supplies expense 450 450 450 Insurance expense 250 250 250 40,100 16,550 56,650 40,600 23,950 60,100 3,450 16,550 20,000 40,600 23,950 60,100 20,000 56,650 Net income 20,000 56,650 1. Cash is overstate by 500.00 and Owners Equity is overstated by $500.00. 2. Utilities Expense of $300.00 was paid on January 25. 3. Insurance expense of $250.00 was paid on January 27. 4. supplies for the month in the amount of $450.00 was purchased. 5. Rent for…
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