please helps!can anyone gives me a detailed explanation to solve 22.12a?thank you!
Income Statement | |||
Sales | 138078 | ||
Less: Cost of goods sold | 82937 | [11927+82350-13551+2211] | |
Gross Margin | 55141 | ||
Expenses | |||
Carriage out | 2933 | ||
Rent, rates and insurance | 5952 | [6622+210-880] | |
Postage and Stationary | 3001 | ||
Advertising | 1330 | ||
Salaries and wages | 26420 | ||
Bad debts | 917 | [877+40] | |
Depreciation expense | 8700 | 49253 | |
Net Income | 5888 |
Balance Sheet | |||
Non current assets | |||
Equipment | 58000 | ||
Less: Accumulated depreciation | 27700 | 30300 | |
Current Assets | |||
Cash in hand | 177 | ||
Cash at bank | 1002 | ||
Accounts receivable | 12120 | ||
Less: Allowance for doubtful debts | 170 | 11950 | |
Inventories | 13551 | ||
Prepaid rates | 880 | ||
Total current assets | 27560 | ||
Total assets | 57860 | ||
Current Liabilities | |||
Accounts Payable | 6471 | ||
Rent payable | 210 | ||
Total current liabilities | 6681 | ||
Owners capital | |||
Capital | 53091 | ||
Add: Net Income | 5888 | ||
Less: Drawings | 7800 | 51179 | |
Total liabilities and owners capital | 57860 |
please helps!can anyone gives me a detailed explanation to solve 22.12a?thank you! a total of 175 Adjustments for fi...
pls help me to answer
22.10A
22.12A
thanks
22.10A J. Wright, a sole trader, extracted the following trial balance from his books at the close of business on 31 March 2019: Dr f 61,420 7,940 Cr f 127,245 Purchases and sales Inventory 1 April 2018 Capital 1 April 2018 Bank overdraft Cash Discounts Returns inwards Returns outwards 23,930 2,490 140 2,480 3,486 62 1,356 5 Dr Cr Carriage outwards Rent and insurance 3,210 8,870 630 Allowance for doubtful debts Fixtures...
please briefly explain how we do adjustments Thank u in
Advance.
and the SUTA rate is 5.4% for the 4. Record the entry(ies) for the merchandise sold on March 25 if a 4% sales tax rate applies. CP 9 Bug-Off Exterminators provides pest control services and sells extermination products manufac- tured by other companies. The following six-column table contains the company's unadjusted trial bal- ance as of December 31, 2019 P B Adjusted Unadjusted Trial Balance Trial Balance Adjustments December...
Hi, finally got the first part, correct. If you can please
please do the transaction list and the income statement. Should be
easier with the answers the the first to but im stuck.
I just need the transaction lists answered and the income
statement please.
Bug-Off Exterminators provides pest control services and sells extermination products manufactured by other companies. Following is che company's unadjusted trial balance as of December 31, 2019. December 31, 2019 Unadjusted Trial Balance $ 19, 200...
Please help me with REQUIRED 4 AND 5 ONLY. THANK YOU
Ryster Corporation is a publicly traded Canadian Corporation. On September 1, 2020, the Corporation's trial balance was as follows (right after the August 31" year end). The company prepares its adjusting entries monthly. Ryster Corporation Trial Balance September 1, 2020 Debit Credit Cash S 35,000 Accounts receivable 23,000 Allowance for doubtful accounts $ 1,600 Supplies Inventory 2,200 Equipment 50,000 Accumulated depreciation equipment 5,000 Accounts payable 10,000 Salaries payable 2,000...