Exercise 3.18 Please! Thank you
Exercise 3.18 Please! Thank you (v) Sales revenl Prepare a cash flows statement for the year...
1.Prepare Statement of Profit or Loss 2.Prepare Statement of Financial Position. Clearwater Enterprise is a mer Enterprise is a merchandising company which has business operations in Ipoh, The following balances have been extracted from the books as at 31 December 2016. profic or Debit (RM) po 30,000 Credit (RM) Machinery Accumulated depreciation - machinery Income Balon 10,000 Land9800219 STUOTE 2 Building 3d9b Tab 102 zivo1 20 Simon 250,000 120.000 24,000 40,000 22,500 61,400 Accumulated depreciation - building Loan from Ah...
Question 2 Prepare a Statement of Cash Flows for the Year Ending December 31, 201? for the Jentayu Corporation from the following Income Statement& Balance Sheet. Jentayu Corporation Income Statement For the Year Ended 31 December, 2018(in RM Millions) RM 600 460 140 Sales (-) Cost of goods sold Gross profits (-) Operating expenses: 20 Selling expenses General & administrative expenses Total operating expenses EBITDA Depreciation expense 15 35 105 30 75 15 60 18 Interest expense EBT Taxes Net...
TUTORIAL 3 Followings are Enterprise as at 31st December 2018. the trial balance for Cleaning A Balance (RM) Accounts Capital Building 50,000 40,000 10,000 Debtors Bank loan 30,000 Cash 20,000 Supplies 21,000 Prepaid rental 18,000 Utilities 8.600 Salaries Drawings 48,000 4,500 98,000 ue Accumulated depreciation 2,000 10.000 Creditors Equipment 19,900 Additional information: . The rental is for 18 months starting from 1 January 2018 i. The utilities bil amounted to RM1,000 for December was only received on 4th January 2019...
Question 2 Prepare a Statement of Cash Flows for the Year Ending December 31, 2017 for the Jen Corporation from the following Income Statement & Ralance Sheet tayu Jentayn Corparation Incozne Siatement For the Year Ended 31 December, 2018(in RM Millions) Sales Gross profits Operating expenses: RM 600 460 140 ) Cost of goods sold Selling expenses 20 General & administrative expenses15 Total operating expenses EBITDA Depreciation expense EBIT Interest expense EBT Taxes 35 105 30 75 60 18 Net...
1) Prepare the statement profit or loss for the year ended 31 December 2018 2)Prepare the financial position as that date. The following is the trial balance of DRS Trading as at 31 al balance of DRS Trading as at 31 December 2018. Credit (RM) 16,500 34,000 246,290 DRS Trading Trial Balance as at 31 December 2018 Particulars Debit (RM) Cash at bank 18,750 Account Receivable 12,840 Inventory as at 1 January 2018 26,500 Motor vehicles 45,000 Freehold premises 215,000...
Please help me to prepare a statement of cash flows using the indirect method Thank you Problem 17-09A Condensed financial data of Cheng Inc. follow. CHENG INC Comparative Balance Sheets December 31 Assets 2020 2019 Cash $105,400 $48,900 Accounts receivable 91,000 33,700 Inventory 111,400 101,900 Prepaid expenses 29,700 25,100 Investments 139,800 114,100 Equipment 264,500 241,200 Accumulated depreciation-equipment (46,900) (51,600) Total $694,900 $513,300 Liabilities and Stockholders' Equity Accounts payable $111,400 $67,300 Accrued expenses payable Bonds payable 16,400 17,300 119,400 150,000 Common...
Prepare the Statement of Cash Flows for Smart Touch Learning for the month ended December 31, 2016 from the provided information, within each section of the statement, use the drop-down menus to enter the accounts. Then enter the account balances and calculate ending balantes. Enter decreases in cash with a minus sign or parentheses. Cash balance, December 1, 2016 is $18,500 Transactions Dec The owner contributed an additional $8,100 cash to the business in exchange for capital 7 Purchased equipment...
need help please with problems 4-9!!! please and thank you Uldis Required: Prepare the adjusting journal entries that were recorded at December 31, 2021. The general ledger of the Karlin Company, a consulting company, at January 1, 2021, contained the following account balances: Debits Credits Account Title 30,000 15,000 20,000 Cash Accounts receivable Equipment Accumulated depreciation Salaries payable Common stock Retained earnings Total 6,000 9,000 40,500 9,500 65,000 65,000 The following is a summary of the transactions for the year:...
Prepare statement of cash flows using the indirect method. The income statement for 2017 and the balance sheets for 2017 and 2016 are presented for Hoover Industries, Inc. (Click the icon to view the income statement.) (Click the icon to view the balance sheets.) A (Click the icon to view additional information.) Requirement Prepare a statement of cash flows for Hoover Industries, Inc., for the year ended December 31, 2017, using the indirect method. Prepare the statement one section at...
Below is the Trial Balance of L&G Trading as at 31 December 2019 RM RM Capital 300,000 Computer & Software 30,000 Office Equipment 12,500 Motor Vehicles 285,000 Sales 885,500 Purchases 525,000 Sales Returns 3,150 Purchases Returns 1,550 Carriage Inwards 1,450 Fire Insurance 2,640 Rental 72,000 Water & Electricity 24,650 Salaries 108,000 Sundry Expenses 750 Printing & Stationery 880 Telephone Charges 3,430 Opening Stocks 42,350 Incentive 5,700 Discount Received 650 Cash in Hand 2,550 Cash at Bank 19,620 Trade Receivables 74,500...