Homework Answers
Date Particulars Debit Amount Credit amount
2019
Jan 1 Cash RO 25,000
Capital Investment RO 25,000
Jan 2 Purchases RO 20,000
Sharaf LLC RO 20,000
Jan 31 Mr Abdullah RO 15,000
Sales RO 15,000
Feb 1 Sales Return RO 1,000
Mr Abdullah RO 1,000
Feb 2 Cash RO 14,000
Mr Abdullah RO 14,000
Mar 1 Sharaf LLC RO 20,000
Discount Received RO 2,000
Cash RO 18,000
Mar 31 Shop Rent RO 2,000
Salaries RO 1,000
Cash RO 3,000
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05. Create the company and make voucher entries from the following details: Marks) 1" Jan 2019,...
Mr. Hon Cloe started his business on 1 January 2019. The following are the business transactions...
Mr. Hon Cloe started his business on 1 January 2019. The
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Find solutions for your homework Search home / study / business / accounting / accounting questions and answers / john started a software development company in 1st january 2019. the company sells database ... Question: John started a software development company in 1st January 2019. The company sells database softw... John started a software development company in 1st January 2019. The company sells database software and technology, cloud engineered systems, and enterprise software products. From the following transactions pass journal...
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Create Journal Entries for the following.
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Prepare a Statement of
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Part II (20 marks) Cross Shop is engaged in the following transactions during February 2019. Purchased 1,000 boxes...
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Mr. Hon Cloe started his business on 1 January 2019. The
following are the business transactions for Mr Hon Cloe
INSTRUCTIONS: TOTAL: (80 MAR Answer ALL questions in the Answer Sheet. (45 Ma Mr Hon Cloe stated his business on I January 2019 The following are the business transactions for Mr. Hon Cloe Enterprise duning January 2019. QUESTION I Jan 1 Stuned the business with RMS.000 cash on hand as bus iness capital 2 Borrowed RM20,000 from Bank ABC and...
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Create Journal Entries for the following.
Chapter 5 problem Homework Webster Company was established on July 1". Its sales terms are 2/10, n/30. Credit terms for its purchases vary with the supplier. Selected transactions are given below. Unless noted, all transactions are on account and involve merchandise for resale. Webster uses the perpetual inventory system. Jul i Jul 1 Jul 2 Jul 3 Jul 5 Jul S Jul8 Company received $40,000 cash in exchange for common stock Purchased goods from...
Prepare a Classfied Statement of Financial Position for Lava
Pizza at January 31, 2019.
Jan The owners, Brad & Jennifer, each put up $250,000 cash as an initial investment into the company. 2 Purchased a pizza oven for $22,000. 3 Purchased inventory from Sysco Company on account for $21,000. 4 Hired five employees to begin work on Feb 15; the salaries for each employee will be set at $12/hour and they are each expected to work 20 hours per week....
Prepare a Statement of
Earnings for Lava Pizza at January 31, 2019.
Jan The owners, Brad & Jennifer, each put up $250,000 cash as an initial investment into the company. 2 Purchased a pizza oven for $22,000. 3 Purchased inventory from Sysco Company on account for $21,000. 4 Hired five employees to begin work on Feb 15; the salaries for each employee will be set at $12/hour and they are each expected to work 20 hours per week. 5 Took...
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