Homework Answers
| In case you need journal entry for the same, it'd be: | ||||
| Particulars | Debit | Credit | ||
| Supplies Expense | $ 270.00 | |||
| To Supplies | $ 270.00 | |||
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The owner checked how much supplies had been used for the year that is what has...
QUESTION 1 - Accrual Accounting Murray's Seafood Shop sells seafood and is owned and operated by...
QUESTION 1 - Accrual Accounting Murray's Seafood Shop sells seafood and is owned and operated by Callum Murray. The following trial balance has been prepared at year's end. MURRAY'S SEAFOOD SHOP HARDWARE - TRIAL BALANCE AS AT 30 JUNE 2019 Debit (8) Credit (5) Cash 10 400 Accounts Receivable 45 600 Inventory (1 July 2018) 43 000 Prepaid Rent 5 400 Supplies 310 Furniture 32 500 Accumulated Depreciation - Furniture 5880 Equipment 53 000 Accumulated Depreciation - Equipment 4 500...
Rooney's Sporting Equipment sells equipment and is owned and operated by Wayne Rooney. The following trial...
Rooney's Sporting Equipment sells equipment and is owned and operated by Wayne Rooney. The following trial balance has been prepared at year's end. ROONEY'S SPORTING EQUIPMENT-TRIAL BALANCE AS AT 30 JUNE 2018 Debit (S Credit (S Cash Accounts Receivable Inventory (1 July 2017) Prepaid Insurance Supplies Furniture Accumulated Depreciation - Fumiture 10 400 45 600 43 000 5 400 310 12 000 5 880 23 000 Accumulated Depreciation Equipment Accounts Payable Capital (1 July 2017) Drawings Sales Sales Retums &...
Woolard Supplies (a sole proprietorship) has taxable income in 2019 of $240,000 before any depreciation deductions...
Woolard Supplies (a sole proprietorship) has taxable income in
2019 of $240,000 before any depreciation deductions (ยง179, bonus,
or MACRS) and placed some office furniture into service during the
year. The furniture had been used previously by Liz Woolard (the
owner of the business) before it was placed in service by the
business. (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table
5.) (Do not round intermediate calculations. Round your
answers to the nearest whole dollar amount.)...
Before purchasing a used car, Jim Myers checked...
Before purchasing a used car, Jim Myers checked www.kbb.com to learn what he should offer for the used car he wanted to buy. Then he conducted a carfax.com search on the car he found to see if the car had ever been in an accident. The Carfax was clean so he purchased the used car for $15,250. She put $3,000 down and financed the rest with a 36-month, 7.5% loan. What is her monthly car payment by formula? (Round your answer...
Before purchasing a used car, Jim Myers checked
Before purchasing a used car, Jim Myers checked www.kbb.com to learn what he should offer for the used car he wanted to buy. Then he conducted a carfax.com search on the car he found to see if the car had ever been in an accident. The Carfax was clean so he purchased the used car for $15,300. She put $1,900 down and financed the rest with a 48-month, 8% loan. What is her monthly car payment by formula? (Round your answer...
Before purchasing a used car, Jim Myers checked to learn what he should offer for...
Before purchasing a used car, Jim Myers checked www.kbb.com to learn what he should offer for the used car he wanted to buy. Then he conducted a carfax.com search on the car he found to see if the car had ever been in an accident. The Carfax was clean so he purchased the used car for $15,000. She put $2,500 down and financed the rest with a 48-month, 7.5% loan.What is her monthly car payment by formula? (Round your answer...
Before purchasing a used car, Jim Myers checked kbb to learn what he should offer for...
Before purchasing a used car, Jim Myers checked www.kbb.com to learn what he should offer for the used car he wanted to buy. Then he conducted a carfax.com search on the car he found to see if the car had ever been in an accident. The Carfax was clean so he purchased the used car for $14,650. She put $1,500 down and financed the rest with a 48-month, 8% loan. What is her monthly car payment by formula? (Round your answer...
Before purchasing a used car, Cody Lind checked kbb to learn what he should offer for...
Before purchasing a used car, Cody Lind checked www.kbb.com to learn what he should offer for the used car he wanted to buy. Then he conducted a carfax.com search on the car he found to see if the car had ever been in an accident. The Carfax was clean so he purchased the used car for $14.750. He put $2.000 down and financed the rest with a 48-month, 75% loan. What is his monthly car payment by table lookup? (Use Table...
Required information (The following information applies to the questions displayed below) Woolard Supplies (a sole proprietorship)...
Required information (The following information applies to the questions displayed below) Woolard Supplies (a sole proprietorship) has taxable income in 2019 of $240,000 before any depreciation deductions (5179, bonus, or MACRS) and placed some office furniture into service during the year. The furniture had been used previously by Liz Woolard (the owner of the business) before it was placed in service by the business. (Use MACRS Table 1. Table 2. Table 3. Table 4 and Table 5.) (Do not round...
You have agreed to loan the owner of a library $5000 for 5 years at a simple interest rate of 8% per year. 1. How much interest will you receive from the loan? 2. How much will the library owner pay...
You have agreed to loan the owner of a library $5000 for 5 years at a simple interest rate of 8% per year. 1. How much interest will you receive from the loan? 2. How much will the library owner pay you at the end of 5 years?
You have agreed to loan the owner of a library $5000 for 5 years at a simple interest rate of 8% per year. 1. How much interest will you receive from the...
QUESTION 1 - Accrual Accounting Murray's Seafood Shop sells seafood and is owned and operated by Callum Murray. The following trial balance has been prepared at year's end. MURRAY'S SEAFOOD SHOP HARDWARE - TRIAL BALANCE AS AT 30 JUNE 2019 Debit (8) Credit (5) Cash 10 400 Accounts Receivable 45 600 Inventory (1 July 2018) 43 000 Prepaid Rent 5 400 Supplies 310 Furniture 32 500 Accumulated Depreciation - Furniture 5880 Equipment 53 000 Accumulated Depreciation - Equipment 4 500...
Rooney's Sporting Equipment sells equipment and is owned and operated by Wayne Rooney. The following trial balance has been prepared at year's end. ROONEY'S SPORTING EQUIPMENT-TRIAL BALANCE AS AT 30 JUNE 2018 Debit (S Credit (S Cash Accounts Receivable Inventory (1 July 2017) Prepaid Insurance Supplies Furniture Accumulated Depreciation - Fumiture 10 400 45 600 43 000 5 400 310 12 000 5 880 23 000 Accumulated Depreciation Equipment Accounts Payable Capital (1 July 2017) Drawings Sales Sales Retums &...
Woolard Supplies (a sole proprietorship) has taxable income in
2019 of $240,000 before any depreciation deductions (ยง179, bonus,
or MACRS) and placed some office furniture into service during the
year. The furniture had been used previously by Liz Woolard (the
owner of the business) before it was placed in service by the
business. (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table
5.) (Do not round intermediate calculations. Round your
answers to the nearest whole dollar amount.)...
Required information (The following information applies to the questions displayed below) Woolard Supplies (a sole proprietorship) has taxable income in 2019 of $240,000 before any depreciation deductions (5179, bonus, or MACRS) and placed some office furniture into service during the year. The furniture had been used previously by Liz Woolard (the owner of the business) before it was placed in service by the business. (Use MACRS Table 1. Table 2. Table 3. Table 4 and Table 5.) (Do not round...
You have agreed to loan the owner of a library $5000 for 5 years at a simple interest rate of 8% per year. 1. How much interest will you receive from the loan? 2. How much will the library owner pay you at the end of 5 years?
You have agreed to loan the owner of a library $5000 for 5 years at a simple interest rate of 8% per year. 1. How much interest will you receive from the...
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