How to post-adjustment on a trial balance of provision

Assignment Help Financial Accounting
Reference no: EM132949784

To do Adjustment on a trial balance

Problem 1) if on trial balance: provision for doubtful debt $2800 credit. debtors control is $80000 so how to post-adjustment on a trial balance of Provision for doubtful debts to be equal to 4% of debtors?

Problem 2) on trial balance: The provision for long service leave is $15000 on the credit side and wage 80000 on the debit side if to be adjust increased by 3% of all salaries and wages on adjustment balance

Problem 3) on trial balance: equipment is 90000 on the debit side if Equipment is being depreciated @15% p/a using the reduced balance method depreciation

Reference no: EM132949784

Questions Cloud

Compute the average number of collection days : Compute the average number of collection days. (Do not round intermediate calculations, round your answer to two decimal places, i.e. 12.34)
What monthly compounded rate of interest was charged : Muriel just received $4,620.01 including $840.01 of interest as payment in full for a sum of money. What monthly compounded rate of interest was charged
How would the company use the master budgeting process : In a home daycare or child care center, How would this company use the master budgeting process? What budgets would be included in its master budget?
Create a supportive environment for all employees : You and four coworkers are assigned an important project due to the COO at the end of the quarter. This project will launch a new product that the organization
How to post-adjustment on a trial balance of provision : Debtors control is $80000 so how to post-adjustment on a trial balance of Provision for doubtful debts to be equal to 4% of debtors?
Construct the current balance sheet : During the past year, the company issued 10.3 million shares of new stock at a total price of $58.6 million, Construct the current balance sheet
Which bond would have a lower coupon rate at issuance : Which bond would have a lower coupon rate at issuance: one with a sinking fund provision or one without a sinking fund provision? Why?
Why would monetary policymakers choose to cause recessions : Why would monetary policymakers choose to cause recessions? Evidence seems to point out that just before past recessions occurred in the U.S., interest rates.
What is the investment in rambis account balance on herbert : What is the Investment in Rambis account balance on Herbert's books on January 1, 2021? Herbert, Inc., acquired all of Rambis Company's outstanding stock on Jan

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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