User Account

All Pages

Calculate electricity charge to included in income statement

Assignment Help Financial Accounting
Reference no: EM132522676

On 1 January 2019, Willy Mossop owed K2,000 in respect of the previous year's electricity. Willy made the following payments during the year ended 31 December 2019:

  • 6 February K2,800
  • 8 May K3,000
  • 5 August K2,750
  • 10 November K3,100

At 31 December 2019, Willy calculated that he owed K1,800 in respect of electricity for the last part of the year.

Required:

Question 1: Calculate the electricity charge to be included in the income statement.

Reference no: EM132522676

Questions Cloud

Percentage of consumers who will spend more on holiday : 90% of the samples from China will have more than what percentage of consumers who will spend more on holiday shopping?
Describe the role of data mining : Describe the role of a data mining in that article in your own words.
How workplace satisfaction and motivation will be measured : Pat is a veteran English teacher who has taught for 34 years and plans to retire in two years. This teacher does many things very well and is well liked.
What is the probability that the sample mean lifetime : The lifetimes of a certain brand of light bulbs are known to be normally distributed with a mean of 1,600 hours and a standard deviation of 400 hours
Calculate electricity charge to included in income statement : Calculate the electricity charge to be included in the income statement. On 1 January 2019, Willy Mossop owed K2,000 in respect of the previous year
Describe an environmental issue that resonates with you most : This week, our readings have introduced us to several pressing environmental issues we face today. Briefly describe an environmental issue that resonates with.
What technical and has tasked you with creating threat model : You are hired as the CIO, the CEO is some what technical and has tasked you with creating a threat model
Discuss the position and performance of company abc : Company ABC has a current ratio of 0.5, a debt ratio of 65% and a net profit margin that is negative. Discuss the position and performance of Company ABC
Describe types of organizations are best suited to adhocracy : Describe the kinds of firms should use the divisional form of structure. Provide an example. Describe the types of organizations are best suited to adhocracy.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Compute value-to-book ratio under each of sets of assumption

Compute the value-to-book ratio under each of the following sets of assumptions. Assume zero abnormal ROCE in the periods following the number of years of excess earnings.

  Purpose a segmented income statement

Purpose a segmented income statement, in total and for the two products. Use the contribution approach

  Calculate the amount of the bank service charge

The cash account in the general ledger of XYZ Company shows a balance of $18,700 at June 30, 2004. Error in recording check #6301 from a customer. The check was received from a customer who was paying for services performed by XYZ Company. Calculate ..

  Identifying normal balance as a debit or credit

Identifying normal balance as a debit or credit, Indicate whether the normal balance of each of the following accounts is a debit or a credit

  Relationship between workplace policies and procedures

FNSINC401 - What is the relationship between workplace policies and procedures - What is economic growth and how is it measure?

  Determine net effect would be a decrease in operating erge

Determine The net effect would be a decrease in operating erage. The acquisition of the berry-picking machines will Increase variable costs

  Compute the amount of goodwill recognized

Compute the amount of goodwill recognized, if any, on July 31, 2017.

  According to the aicpa code of professional conduct

An audited entity company has not paid its 2013 audit fees. According to the AICPA Code of Professional Conduct, for the auditor to be considered independent with respect to the 2014 audit, the 2013 audit fess must be paid before the

  What amount should grim report as current provision

Interest on municipal bonds $70,000 Premium expense on keyman life insurance (20,000) Total $50,000 Grim's enacted income tax rate is 30%. In its year 1 income statement, what amount should Grim report as current provision for income tax expense?

  Necessary journal entry and consolidation financial statemen

The case study is as mentioned above. My task is to do a short presentation on this case study. Please include any necessary journal entry and consolidation financial statement along side with the answer.

  At 31st december 2012 vermont industries reported three

at 31st december 2012 vermont industries reported three temporary differences between accounting and taxable income

  Calculation of cash received from customersthe following

calculation of cash received from customers.the following balance sheets are provided for victor foodsnbspend of

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd