Find an appropriate subscriptions account for the year

Assignment Help Financial Accounting
Reference no: EM132863738

Question - Club 2021 had subscriptions in arrears of K600 and in advance K150 at 31 December 2004. During the year to 31 December 2005, K7800 of subscriptions were received of which K390 related to 2006. At 31 December 2005 there were still 12 members owing subscriptions of K60 each. Find an appropriate subscriptions account for the year to 31 December 2005 using 'T' account.

Reference no: EM132863738

Questions Cloud

Economic impacts of the tourism business of choice : 1) A detailed explanation of the need for sustainable tourism certification, and a recommendation of a suitable scheme that the tourism business may wish to par
Issue investigation : What is the U.S. political stance on this issue? Provide a synopsis on the laws pertaining to this issue.
How the change in competitiveness affects equilibrium price : How the change in competitiveness affects equilibrium price and quantity. Supply or demand for the particular good and the competitiveness of that good's market
Determine the null and alternative hypotheses : A sporting goods store believes the average age of its customers is 35 or less. A random sample of 41 customers was? surveyed, and the average customer age
Find an appropriate subscriptions account for the year : At 31 December 2005 there were still 12 members owing subscriptions of K60 each. Find an appropriate subscriptions account for the year
Why do marketing professionals care about : Why do marketing professionals care about and participate in supply chain decisions?
Planning process for assignment : How did the advertising objective guide the planning process for this assignment?
What stages of the vertical chain should pfizer : What stages of the vertical chain should Pfizer consider conducting inhouse, and which should be outsourced? Provide reasons for your findings.
What is the budgeted balance of Ross accounts receivable : The June 30th balance sheet balance in its accounts receivable is $480,000, What is the budgeted balance of Ross's accounts receivable as of July 31

Reviews

Write a Review

Financial Accounting Questions & Answers

  What a condensed multiple-step income statement

What a condensed multiple-step income statement for Buffalo Corporation would look like. Buffalo Corporation had net sales of $2,401,300

  Calculate the break even point for the year 2007

The following is the unadjusted trial balance for James Trading Pty Ltd as at the close of the financial year ended 30 June 2011. In addition the following entries had not been applied to the general ledger.

  How to prepare journal entry to record the bond conversion

Calculate the total number of common shares outstanding after the bonds' conversion on July 31, 2019. Prepare the journal entry to record the bond conversion.

  Determines that fells balance is uncollectible

The ledger of Hixson Company at the end of the current year shows Accounts Receivable $120,000, Sales $840,000, and Sales Returns and Allowances $30,000.

  Enter transactions in journal and post

Cash received from Shakeel Rs. 4,900 in full settlement. Enter transactions in journal and post them into the ledger and then post them into Trail Balance.

  Margin of safety in units

Budgeted number of units 4160-What is margin of safety in units.

  What does the tax rate have to be

If the annual interest rate is 9% and inflation rate is 5%. What does the tax rate have to be in order for the annual real rate of return to be 4.66%

  Prepare an unadjusted trial balance

700029 FINANCIAL ACCOUNTING APPLICATIONS - Prepare an unadjusted trial balance on the worksheet provided (see Excel file Worksheet Tab)

  Choose and comment on a relevant ifrs standard

Choose and comment on a relevant IFRS standard either related to capital market or social accounting or environmental accounting and common global language for business affairs so that company accounts are understandable and comparable across inter..

  Find what is the book value of the bonds on june

Find What is the book value of the bonds on June 30 and December 31 of this year? (Round your final answers to nearest whole dollar amount.)

  How much capital cost allowance can be claimed

Quality has a December 31 year end. How much capital cost allowance (CCA) can be claimed for this asset for Year 1? Ignore leap years.

  Estimated total interest cost for the calendar year

The estimated total interest cost for the calendar year ended 31 December 2016 is $500.The financial year end for Riverwood Ltd is 30 June.

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!

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