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Question 1: Journalize the transactions and Provide explanations. HST wont be called a transaction Can you make a balance sheet or something?
Point 1: Sep. 2 I invested $20 000 cash in the business.
Point 2: 2 Exercise equipment costing $5000 was purchased from Buy-Cep Wholesalers Ltd.
Point 3: A cash payment of $2000 was made and the balance owing was to be paid in 30 days.
Point 4: 8 Fees earned amounted to $600 cash.
Point 5: 9 Bought office supplies ($360) from Office Outfitters on account (terms net 30 days).
Point 6: 25 Paid the monthly utility bill for $175.
Point 7: 30 I used the business's bank account to pay the rent on his apartment for $1400
Financial Statement Analysis and Preparation
Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?
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 and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.
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 Ltd
Prepare the journal entry to record the acquisition of the assets.
Prepare general journal entries to record the transactions, assuming use of the periodic inventory system
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 Framework's perspective of users and their decisions.
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
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