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Question 1[CLO 2 For the following transactions pass journal entries, prepare ledger accounts and also prepare...
Question 2. Prepare journal entries, T ledger accounts and a trial balance for the below given...
Question 2. Prepare journal entries, T ledger accounts and a trial balance for the below given transactions. (40 marks) Ms. Aisha started a consultancy business in October 2019 and has following transactions in first month of her business. Oct. 1 Invested AED 100,000 cash into the business. Oct.9 Purchased office equipment for AED 15,000 on credit. (ered Purchased Office supplies for AED 1.500 by paying cash. (cash) Provided consultancy services on cash $9.500 Oct.12 Oct.15 Oct.20 Oct. 22 Paid for...
Prepare Journal Entries in the books of accounts of Roger & Company books of accounts of...
Prepare Journal Entries in the books of accounts of Roger & Company books of accounts of Roger & Company in Vancouver for August 2018 Transactions E CA- CAL ID CA 1. August 1, 2018, owner puts in $120,000 cash into the company 2. August 1, 2018, company paid $32, 400 for six months of prepaid insurance 3. August 2, 2018, company purchased $25,000 of furniture for cash. 4. August 3, 2018, company paid $13,200 in rent. 5. August 4, 2018,...
For each of the following transactions, prepare journal entries: a. The company issued common shares for...
For each of the following transactions, prepare journal entries: a. The company issued common shares for $157,000. b. The company borrowed $67,000 from a bank. (Use Bank Loan Payable) c. Inventory costing $46,400 was purchased on account. d. Rented a retail space and paid a damage deposit of $9,000. e. Received a bill for advertising costs of $3,600 related to the grand opening. f. Paid employees wages of $15,300. g. Inventory costing $42,200 was sold for $70,000, half for cash...
For each of the following transactions, prepare journal entries: a. The company issued common shares for...
For each of the following transactions, prepare journal
entries:
a.
The company issued common shares for $157,000.
b.
The company borrowed $67,000 from a bank. (Use Bank Loan
Payable)
c.
Inventory costing $46,400 was purchased on account.
d.
Rented a retail space and paid a damage deposit of $9,000.
e.
Received a bill for advertising costs of $3,600 related to the
grand opening.
f.
Paid employees wages of $15,300.
g.
Inventory costing $42,200 was sold for $70,000, half for cash...
16. Prepare Journal and post them into Ledger from the particulars given below: 2017 Jan 1...
16. Prepare Journal and post them into Ledger from the particulars given below: 2017 Jan 1 Cash purchases Rs.25,000 2 Sold goods to Raman Rs. 40,000 4 Cash paid into bank Rs. 15,000 10 Paid salaries Rs. 17,000 15 Received commission Rs. 5,000
prepare journal, ledger, trail balance and balance sheet the entries which are removed that need not...
prepare journal, ledger, trail balance and balance
sheet
the entries which are removed that need not to be
included.
1 + 3 5 9 11 15 Invested $50,000 in cash and office equipment that had a fair value of $12,000. Prepaid $9,000 cash for three months' rent for an office. Made credit purchases of used office equipment for $6,000 and office supplies for $1,200. Completed work for a client and immediately received $6,200 cash. Completed a 54,000 project for a...
Enter the following transactions for Rojo in ledger accounts, and then balance off the accounts and...
Enter the following transactions for Rojo in ledger accounts, and then balance off the accounts and transfer the balances into a trial balance. Date Transactions Jan 1 Started business putting £5,000 into the bank and £500 into petty cash Jan 2 Bought inventory on credit from C. Higgins, £250; F. Gulmohammed, £450; S. O’ Hare, £650, J. Ballantine, £850 Jan 3 Returned goods to J. Ballantine, £80 and F. Gulmohammed, £40 Jan 4 Sold inventory on credit to: C. Doogan,...
Course WUIK Prepare Journal, Ledger & Trial Balance with the help of following transactions in the...
Course WUIK Prepare Journal, Ledger & Trial Balance with the help of following transactions in the books of Mr. Jacob the year 2020 Feb-3rd Business started with cash- AED 600,000 2. Feb -5th Machinery purchased- AED 175,000 3 Feb-8th - Cash sales- AED 55,000 4. Feb - 10th - Rent paid- AED 20,000 5. Feb - 12th - Credit Purchases from Thomas - AED 70,000 6. Feb 26th-Cash paid to Mr. Thomas- AED 30,000 7. Feb 27th - Vehicle purchased...
1.Journal entries 2.Post the journal entries to ledger. 3.Trial balance. On OOI 2 Rainbow Aces Trading...
1.Journal entries
2.Post the journal entries to ledger.
3.Trial balance.
On OOI 2 Rainbow Aces Trading buys and sells soft furnishings and office equipment. In August 2015 the following receipts and payments were made: mol 1990 b 00 M osono 1 Aug Balance as per cashbook: Bank RM1,950 and cash RM860 blo2 3 Aug Purchases made by cash worth RM2301b TDI 02 4 Aug Received cheque for sales amounting to RM470 boos zoo 7 Aug Paid electricity bill by cheque...
1.Journal entries 2.Post the journal entries to ledger. 3.Trial balance. Sen Dai ends are a Recording...
1.Journal entries
2.Post the journal entries to ledger.
3.Trial balance.
Sen Dai ends are a Recording the Accounting Information 63 discount, fRM1,550. 11 Aug 12 Aug 20 ore 15 Aug 16 Aug 19 Aug 20 Aug 20 Aug 23 Aug Salaries paid amounting to RM250 by cheque Cash sales received, RM290 Travelling expenses worth RM40 paid by cash Paid water bill of RM410 by cheque P Took out cash of RM150 for personal use Purchases made by cheque amounting to...
Question 2. Prepare journal entries, T ledger accounts and a trial balance for the below given transactions. (40 marks) Ms. Aisha started a consultancy business in October 2019 and has following transactions in first month of her business. Oct. 1 Invested AED 100,000 cash into the business. Oct.9 Purchased office equipment for AED 15,000 on credit. (ered Purchased Office supplies for AED 1.500 by paying cash. (cash) Provided consultancy services on cash $9.500 Oct.12 Oct.15 Oct.20 Oct. 22 Paid for...
Prepare Journal Entries in the books of accounts of Roger & Company books of accounts of Roger & Company in Vancouver for August 2018 Transactions E CA- CAL ID CA 1. August 1, 2018, owner puts in $120,000 cash into the company 2. August 1, 2018, company paid $32, 400 for six months of prepaid insurance 3. August 2, 2018, company purchased $25,000 of furniture for cash. 4. August 3, 2018, company paid $13,200 in rent. 5. August 4, 2018,...
For each of the following transactions, prepare journal
entries:
a.
The company issued common shares for $157,000.
b.
The company borrowed $67,000 from a bank. (Use Bank Loan
Payable)
c.
Inventory costing $46,400 was purchased on account.
d.
Rented a retail space and paid a damage deposit of $9,000.
e.
Received a bill for advertising costs of $3,600 related to the
grand opening.
f.
Paid employees wages of $15,300.
g.
Inventory costing $42,200 was sold for $70,000, half for cash...
16. Prepare Journal and post them into Ledger from the particulars given below: 2017 Jan 1 Cash purchases Rs.25,000 2 Sold goods to Raman Rs. 40,000 4 Cash paid into bank Rs. 15,000 10 Paid salaries Rs. 17,000 15 Received commission Rs. 5,000
prepare journal, ledger, trail balance and balance
sheet
the entries which are removed that need not to be
included.
1 + 3 5 9 11 15 Invested $50,000 in cash and office equipment that had a fair value of $12,000. Prepaid $9,000 cash for three months' rent for an office. Made credit purchases of used office equipment for $6,000 and office supplies for $1,200. Completed work for a client and immediately received $6,200 cash. Completed a 54,000 project for a...
Course WUIK Prepare Journal, Ledger & Trial Balance with the help of following transactions in the books of Mr. Jacob the year 2020 Feb-3rd Business started with cash- AED 600,000 2. Feb -5th Machinery purchased- AED 175,000 3 Feb-8th - Cash sales- AED 55,000 4. Feb - 10th - Rent paid- AED 20,000 5. Feb - 12th - Credit Purchases from Thomas - AED 70,000 6. Feb 26th-Cash paid to Mr. Thomas- AED 30,000 7. Feb 27th - Vehicle purchased...
1.Journal entries
2.Post the journal entries to ledger.
3.Trial balance.
On OOI 2 Rainbow Aces Trading buys and sells soft furnishings and office equipment. In August 2015 the following receipts and payments were made: mol 1990 b 00 M osono 1 Aug Balance as per cashbook: Bank RM1,950 and cash RM860 blo2 3 Aug Purchases made by cash worth RM2301b TDI 02 4 Aug Received cheque for sales amounting to RM470 boos zoo 7 Aug Paid electricity bill by cheque...
1.Journal entries
2.Post the journal entries to ledger.
3.Trial balance.
Sen Dai ends are a Recording the Accounting Information 63 discount, fRM1,550. 11 Aug 12 Aug 20 ore 15 Aug 16 Aug 19 Aug 20 Aug 20 Aug 23 Aug Salaries paid amounting to RM250 by cheque Cash sales received, RM290 Travelling expenses worth RM40 paid by cash Paid water bill of RM410 by cheque P Took out cash of RM150 for personal use Purchases made by cheque amounting to...
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