Homework Answers
Add Answer to:
The treasurer of the Ocean Fishing Club has prepared the following receipts and payments account for...
The Alfred Rowing Club prepares its accounts annually on 31 March. The summary of the Receipts...
The Alfred Rowing Club prepares its accounts annually on 31
March.
The summary of the Receipts and Payments Account for the year ended 31 March 2016 is shown below. Receipts Balance b/d 3 000 Subscriptions received 84 400 Competition receipts 12 200 Dinner dance ticket sales 14 000 Donations 1 500 Sale of equipment 24 000 Payments Competition prizes Dinner dance - hire of band Dinner dance - catering Insurance Clubhouse maintenance Equipment General expenses Electricity Transfer to deposit account...
The following is the receipts and payments account of Queen's Club for the year ended 31 December 2016: Receipts:...
The following is the receipts and payments account of Queen's Club for the year ended 31 December 2016: Receipts: Payments: 88680 8320 Balance b/f 2040 Bar Purchases Wages Rent Entrance fees 840 Subscriptions: 2015 2016 2017 500 3720 6100 2560 1940 Heating and lighting General expenses New Equipment Balance c/f 700 Bar Sales Sales of investments 104540 9000 15000 129720 15500 129720 1. Additional information: 1 January 2016 31 December 2016 Bar inventory Owing for bar purchases Rent due 5440...
Please I need an answer. The question is correct. QUESTION ONE The treasurer of Kakeldadi's Club...
Please I need an answer. The question is correct.
QUESTION ONE The treasurer of Kakeldadi's Club has presented the following Information to you on 31" December, 2018 Cash transactions for the year ended 31 December, 2018 were as follows GH¢ GHE Cash -balance (1" January, 2018) 9,300 Insurance expenses 27.900 Members' subscription 26,500 Bar stock supplies 80,000 Bar Purchases 60,000 Bar expenses 16,300 Bar sales 154,000 Additional Information: 1. The insurance covers one and a half years to 30/03/2019. 20%...
Jasper, a sole trader, has provided the following summary of his bank receipts and payments for...
Jasper, a sole trader, has provided the following summary of his bank receipts and payments for the year ended 30 April 2010 DR CR Cash and cheques 424 000 Machinery Payments to creditors Rent Insurance Wages Postage Electricity Sundries 30 400 228 000 24 200 14 200 104 200 800 8 400 4200 Jasper's year-end balances were as follows: At 30 April 2009 2010 Trade receivables (debtors) Inventory (stock) Trade payables (creditors) Machinery at net book value Rent prepaid Insurance...
Required From the following, taken from the books of Bingo Club, prepare: (a) The income and...
Required From the following, taken from the books of Bingo Club, prepare: (a) The income and expenditure account for the period ended 31 December 2002; (b) The subscriptions account balanced property); and (c) The refreshments account in order to determine the profit or loss to be transferred to the income and expenditure account. Balances at 1 January 2002: 18 570 10 000 16 000 2400 1 400 Accumulated funds Loan from West Bank (15%) Club equipment (cost) Accumulated depreciation on...
a. Prepare the properly balanced/closed off bank account for May 2018 in the general ledger of...
a. Prepare the properly balanced/closed off bank account for May
2018 in the general ledger of Ayuri Dealers.
b. Prepare the bank reconciliation statement of Ayuri Dealers as
at 31 May 2018.
c. Prepare the trade payables control account, properly
balanced/closed off, for Ayuri Dealers for May 2018.
You are provided with the following information for Ayuri Dealers for May 2018 Total for the cash receipts journal after taking into account the differences Total for the cash payments joumal after...
Sheila is a sole trader. She pays all the sales receipts into the business bank account....
Sheila is a sole trader. She pays all the sales receipts into the business bank account. She provided her accountant with the following information for the year ended 31 December 2018 Bank account summary for the year ended 31 December 2018 DR Rent received 16 600 / Trade receivables 204 200 / Cash sales 19 510 CR Balance b/d 6 520 / Trade payables 123 460 / General expenses 24 000 / Wages 31 560 / Motor vehicles 18 200 / Equipment ...
2. Sal's Surf Shop deposits all receipts in the bank and makes all payments by check....
2. Sal's Surf Shop deposits all receipts in the bank and makes all payments by check. On July 3 cash account had a balance of $6,105.42. The bank statement on July 31 reported a balance of $4,746.46. Upon comparing the bank statement to the books, the following items were found a. A bank debit memo issued for an NSF check from a customer of $21.25. b. A bank credit memo issued for interest of $8.50 earned during the month. c....
Question 5 [35] The following information relates to The Swallower: Pre-adjustment trial balance for the year...
Question 5 [35] The following information relates to The Swallower: Pre-adjustment trial balance for the year ending 30 April 2020 RL R Balance sheet section Capital 252 610 Drawings 23 400 Land and buildings 270 000 Vehicles 64 000 Accumulated depreciation: Vehicles 20 560 20 400 6 410 10 000 30 260 14 700 2 340 16 780 421 680 Furniture and fittings Accumulated depreciation: Furniture and fittings Fixed deposit Trading inventory (1 May 2019) Trade receivables Bank Trade payables...
QUESTION 3 BANK RECONCILIATION The following information was obtained from the records of Senegal Traders for...
QUESTION 3 BANK RECONCILIATION The following information was obtained from the records of Senegal Traders for May 2016. REQUIRED 3.1 Complete the Cash Receipts Journal and Cash Payments Journal of Senegal Traders for May 2016 after taking the information given into account. Use only the columns illustrated below. In the details column write down the name of the contra account e.g. Rent income. Cash Receipts Journal Details Bank Cash Payments Journal Details Bank 3.2 Post to the Bank account in...
The Alfred Rowing Club prepares its accounts annually on 31
March.
The summary of the Receipts and Payments Account for the year ended 31 March 2016 is shown below. Receipts Balance b/d 3 000 Subscriptions received 84 400 Competition receipts 12 200 Dinner dance ticket sales 14 000 Donations 1 500 Sale of equipment 24 000 Payments Competition prizes Dinner dance - hire of band Dinner dance - catering Insurance Clubhouse maintenance Equipment General expenses Electricity Transfer to deposit account...
The following is the receipts and payments account of Queen's Club for the year ended 31 December 2016: Receipts: Payments: 88680 8320 Balance b/f 2040 Bar Purchases Wages Rent Entrance fees 840 Subscriptions: 2015 2016 2017 500 3720 6100 2560 1940 Heating and lighting General expenses New Equipment Balance c/f 700 Bar Sales Sales of investments 104540 9000 15000 129720 15500 129720 1. Additional information: 1 January 2016 31 December 2016 Bar inventory Owing for bar purchases Rent due 5440...
Please I need an answer. The question is correct.
QUESTION ONE The treasurer of Kakeldadi's Club has presented the following Information to you on 31" December, 2018 Cash transactions for the year ended 31 December, 2018 were as follows GH¢ GHE Cash -balance (1" January, 2018) 9,300 Insurance expenses 27.900 Members' subscription 26,500 Bar stock supplies 80,000 Bar Purchases 60,000 Bar expenses 16,300 Bar sales 154,000 Additional Information: 1. The insurance covers one and a half years to 30/03/2019. 20%...
Jasper, a sole trader, has provided the following summary of his bank receipts and payments for the year ended 30 April 2010 DR CR Cash and cheques 424 000 Machinery Payments to creditors Rent Insurance Wages Postage Electricity Sundries 30 400 228 000 24 200 14 200 104 200 800 8 400 4200 Jasper's year-end balances were as follows: At 30 April 2009 2010 Trade receivables (debtors) Inventory (stock) Trade payables (creditors) Machinery at net book value Rent prepaid Insurance...
Required From the following, taken from the books of Bingo Club, prepare: (a) The income and expenditure account for the period ended 31 December 2002; (b) The subscriptions account balanced property); and (c) The refreshments account in order to determine the profit or loss to be transferred to the income and expenditure account. Balances at 1 January 2002: 18 570 10 000 16 000 2400 1 400 Accumulated funds Loan from West Bank (15%) Club equipment (cost) Accumulated depreciation on...
a. Prepare the properly balanced/closed off bank account for May
2018 in the general ledger of Ayuri Dealers.
b. Prepare the bank reconciliation statement of Ayuri Dealers as
at 31 May 2018.
c. Prepare the trade payables control account, properly
balanced/closed off, for Ayuri Dealers for May 2018.
You are provided with the following information for Ayuri Dealers for May 2018 Total for the cash receipts journal after taking into account the differences Total for the cash payments joumal after...
2. Sal's Surf Shop deposits all receipts in the bank and makes all payments by check. On July 3 cash account had a balance of $6,105.42. The bank statement on July 31 reported a balance of $4,746.46. Upon comparing the bank statement to the books, the following items were found a. A bank debit memo issued for an NSF check from a customer of $21.25. b. A bank credit memo issued for interest of $8.50 earned during the month. c....
Question 5 [35] The following information relates to The Swallower: Pre-adjustment trial balance for the year ending 30 April 2020 RL R Balance sheet section Capital 252 610 Drawings 23 400 Land and buildings 270 000 Vehicles 64 000 Accumulated depreciation: Vehicles 20 560 20 400 6 410 10 000 30 260 14 700 2 340 16 780 421 680 Furniture and fittings Accumulated depreciation: Furniture and fittings Fixed deposit Trading inventory (1 May 2019) Trade receivables Bank Trade payables...
QUESTION 3 BANK RECONCILIATION The following information was obtained from the records of Senegal Traders for May 2016. REQUIRED 3.1 Complete the Cash Receipts Journal and Cash Payments Journal of Senegal Traders for May 2016 after taking the information given into account. Use only the columns illustrated below. In the details column write down the name of the contra account e.g. Rent income. Cash Receipts Journal Details Bank Cash Payments Journal Details Bank 3.2 Post to the Bank account in...
Most questions answered within 3 hours.
-
Do not neglect the old for the new. The existing business must
not lose priority simply...
asked 2 hours ago -
Kylie is a single mom with two dependent children,
Tanner, age 7 and Olivia, age 11....
asked 4 hours ago -
Phosphorous + bromine = phosphorous tribromide. If 35.0 g of
bromine are reacted and 27.9 grams...
asked 5 hours ago -
Derive the long wavelength limit of the Planck energy density
distribution
asked 5 hours ago -
Calculate the pH of each of the following solutions.
0.50 M HBr
3.1×10−4 M KOH
4.2×10−5...
asked 8 hours ago -
For the year ended December 31, Depot Max’s cost of merchandise
sold was $85,600. Inventory at the...
asked 8 hours ago -
Week 10 - Professional Memo Assignment
Professional Memo Assignment
Your mission for this week, should you...
asked 9 hours ago -
Write a Python program that stores the data for each
player on the team, and it...
asked 9 hours ago -
In
the last 3 months, mike never knows when he is going to get his
allowance...
asked 9 hours ago -
Is Ca(OH)2 a Bronsted base, Lewis base, or both? Why?
asked 9 hours ago -
1A- Why don’t voters complain about U.S. tariffs on imported
sugar?
Because sugar is only a...
asked 9 hours ago -
Cash Payback Period
Primera Banco is evaluating two capital investment proposals for
a drive-up ATM kiosk,...
asked 9 hours ago