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1. March, 1 - Anthony and Boots formed the Soc. Commercial, Ltd with a € 5.000...
Introductory Financial Accounting Individual Assignnent 2 Question 1 Ready-Set-Go. Ltd distributes suitcases to retail stores. At...
Introductory Financial Accounting Individual Assignnent 2 Question 1 Ready-Set-Go. Ltd distributes suitcases to retail stores. At the end of November, Ready-Ser Go's inventory consisted of suitcases costing $1,200. During the month of December, the following merchandising transactions occurred PURCHASE INVOICE Form 1 Trunk Manufacturers 27 Peachtree Drive, Atlanta, GA 30303 Date: 1December 2018 Sold To: Ready-Set-Go, Ltd 2248 Sunrise Towers Invoice No: 7134 Minot, ND 58701 Terms: 2/10, n/30 Quашiгy Descripton Unit Cost Amount 42000 24" Suitcase 420.00 28 Suitcase...
Need help with b,c and d. A30 fx III. A B с 78 79 TOTAL LIABILITIES...
Need help with b,c and d.
A30 fx III. A B с 78 79 TOTAL LIABILITIES 80 81 b) In the next 3 months the following accounting events happened to the company (the VAT is 25% in each 82 event wherever it is possible). Record the accounting events in the books! (24p) 83 84 85 86 1. The owners opened a bank account and paid 300.000 K HUF in as a startup capital to launch the business. 87 88 2....
Exhibit le Sea & Snow Sports, Inc.- Income Statements Years Ended December 31, 1995-19974 and Three...
Exhibit le Sea & Snow Sports, Inc.- Income Statements Years Ended December 31, 1995-19974 and Three Months Ended March 31, 1998 (Dollar figures in thousands) Sales Cost of goods sold Gross profit 1995 S 926 (685) S 241 1996 $1069 812 $ 257 1997 $1464 1127 $ 337 3 Mo. 1998 $ 454 3(54) $ 100 Operating, selling, and administrative expense Rent expense Less: Sales discounts given Plus: Purchase discounts taken Operating profit (98) (41) (23) 7 S 86 (129)...
Prepare Adjusting entries for the information provided. 1 January 3 Employees are paid monthly on the...
Prepare Adjusting entries for the information provided. 1 January 3 Employees are paid monthly on the first business day of the month for work done in the previous month. The total payroll for the previous month is $110,000. (Ignore payroll taxes for this assignment.) Accounting wrote and distributed the paychecks. 2 GBI received $55,692 in safety product inventory and $37,128 in raw materials from Dallas Bike Basics. This inventory was ordered on December 28. The payment terms for the invoice total of $92,820...
please answer both questions Problem 1. Selected accounts from the ledger of Hughes Company appear below....
please answer both questions
Problem 1. Selected accounts from the ledger of Hughes Company appear below. For each account, indicate the following: (a) In the first column at the right, indicate the nature of each account, using the following abbreviations: Revenue - R Asset - A Liability - L Expense - E Capital/Equity- In the second column, indicate the increase side of each account by inserting Dr. or Cr. (b) Increase Side Type of Account Account Supplies (2) Notes Receivable...
SECTION A (40 marks): Answer ALL Questions in this section. QUESTION ONE a) Aseda Ltd incurred...
SECTION A (40 marks): Answer ALL Questions in this section. QUESTION ONE a) Aseda Ltd incurred the following cost in its manufacturing operations GH¢ Cost of material purchase 20,000 Import duties 400 Trade discount @10% of purchase cost Cash discount 500 Irrecoverable taxes 1,000 Salary of factory plant operator 2,500 Direct labour 5,000 Salary of factory supervisor 4,000 Cost of expected production losses 800 Administrative overhead (Note) 16,000 Cost of storage of raw material for further processing 2,000 Marketing cost...
Sent Need the answers for that whole question paper True or false questions (25) has any...
Sent
Need the answers for that whole question paper
True or false questions
(25) has any effect SECTION TRUE OR FALSE QUESTION (40 Marks) The following questions indicate if it's True or False. Each question carries 2 Marks 1. Accounting Principle is general law or rule followed in the preparation of financial statements 2. Usefulness, objectivity and feasibility are the three basic norms generally found in accounting principles 3. The Cash book record only the cash payments 4. If a...
1) Although a proprietorship is not a separate legal entity, a partnership is True False 2)...
1) Although a proprietorship is not a separate legal entity, a partnership is True False 2) Purchasing supplies on credit increases assets while decreasing liabilities. True False 3)On October 15, Gallery Comp. received $12,500 as a down payment on a consuting contract. The amount was credited to Unearned Consulting Revenue By October 31, 10% of the contract was completed. Gallery Corp. needs to prepare an adjusting entry for $1.250. True False 4) Asset, liability and revenue accounts are not closed...
Please read the facts of the case and prepare answers for the following questions : 1...
Please read the facts of the case and prepare answers for the
following questions :
1 – What is the relevance of the $2,000 monthly payment
to Dave Verden on the analysis of Jones’ financing needs?
2 – What metrics could you use to compare the historical financial
results for Jones with the projected financial results under the
four defined scenarios?
3 – Other than financing needs, what other issues should Jones
address as he considers the different growth
scenarios?...
Comprehensive Income Tax Course: Module 1 4. Randy turned 16 last year and had his first...
Comprehensive Income Tax Course: Module 1 4. Randy turned 16 last year and had his first summer job. Even though his parents are claiming him as a dependent he wants to file a return in order to get his refund. He receives his W-2 and decides he can do his own return using form 1040-EZ. Which of the following information is not found on a Form W-2? a) The taxpayer’s Social Security number b) The taxpayer’s wages, tips and other...
Introductory Financial Accounting Individual Assignnent 2 Question 1 Ready-Set-Go. Ltd distributes suitcases to retail stores. At the end of November, Ready-Ser Go's inventory consisted of suitcases costing $1,200. During the month of December, the following merchandising transactions occurred PURCHASE INVOICE Form 1 Trunk Manufacturers 27 Peachtree Drive, Atlanta, GA 30303 Date: 1December 2018 Sold To: Ready-Set-Go, Ltd 2248 Sunrise Towers Invoice No: 7134 Minot, ND 58701 Terms: 2/10, n/30 Quашiгy Descripton Unit Cost Amount 42000 24" Suitcase 420.00 28 Suitcase...
Need help with b,c and d.
A30 fx III. A B с 78 79 TOTAL LIABILITIES 80 81 b) In the next 3 months the following accounting events happened to the company (the VAT is 25% in each 82 event wherever it is possible). Record the accounting events in the books! (24p) 83 84 85 86 1. The owners opened a bank account and paid 300.000 K HUF in as a startup capital to launch the business. 87 88 2....
Exhibit le Sea & Snow Sports, Inc.- Income Statements Years Ended December 31, 1995-19974 and Three Months Ended March 31, 1998 (Dollar figures in thousands) Sales Cost of goods sold Gross profit 1995 S 926 (685) S 241 1996 $1069 812 $ 257 1997 $1464 1127 $ 337 3 Mo. 1998 $ 454 3(54) $ 100 Operating, selling, and administrative expense Rent expense Less: Sales discounts given Plus: Purchase discounts taken Operating profit (98) (41) (23) 7 S 86 (129)...
please answer both questions
Problem 1. Selected accounts from the ledger of Hughes Company appear below. For each account, indicate the following: (a) In the first column at the right, indicate the nature of each account, using the following abbreviations: Revenue - R Asset - A Liability - L Expense - E Capital/Equity- In the second column, indicate the increase side of each account by inserting Dr. or Cr. (b) Increase Side Type of Account Account Supplies (2) Notes Receivable...
SECTION A (40 marks): Answer ALL Questions in this section. QUESTION ONE a) Aseda Ltd incurred the following cost in its manufacturing operations GH¢ Cost of material purchase 20,000 Import duties 400 Trade discount @10% of purchase cost Cash discount 500 Irrecoverable taxes 1,000 Salary of factory plant operator 2,500 Direct labour 5,000 Salary of factory supervisor 4,000 Cost of expected production losses 800 Administrative overhead (Note) 16,000 Cost of storage of raw material for further processing 2,000 Marketing cost...
Sent
Need the answers for that whole question paper
True or false questions
(25) has any effect SECTION TRUE OR FALSE QUESTION (40 Marks) The following questions indicate if it's True or False. Each question carries 2 Marks 1. Accounting Principle is general law or rule followed in the preparation of financial statements 2. Usefulness, objectivity and feasibility are the three basic norms generally found in accounting principles 3. The Cash book record only the cash payments 4. If a...
1) Although a proprietorship is not a separate legal entity, a partnership is True False 2) Purchasing supplies on credit increases assets while decreasing liabilities. True False 3)On October 15, Gallery Comp. received $12,500 as a down payment on a consuting contract. The amount was credited to Unearned Consulting Revenue By October 31, 10% of the contract was completed. Gallery Corp. needs to prepare an adjusting entry for $1.250. True False 4) Asset, liability and revenue accounts are not closed...
Please read the facts of the case and prepare answers for the
following questions :
1 – What is the relevance of the $2,000 monthly payment
to Dave Verden on the analysis of Jones’ financing needs?
2 – What metrics could you use to compare the historical financial
results for Jones with the projected financial results under the
four defined scenarios?
3 – Other than financing needs, what other issues should Jones
address as he considers the different growth
scenarios?...
Most questions answered within 3 hours.
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