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Question - Assume at 30 June 2020, Assets, Liability, Equity, Income and Expense amounts for ABC Building Renovation are presented below:
Cash in bank $68,400
Account receivable $202,800
Supplies $79,000
Equipment $226,800
Account payable $101,100
Capital ?
Service income $1,158,000
Salary expenses $483,000
Prepaid insurance $24,000
Supplies expenses $142,000
Bank loan $30,000
Advertising expenses $25,000
Required - Make the Balance Sheet in narrative (vertical) format as at 30 June 2020.
The organization will pay 50% of the cost of the AD&D premiums and 50% of the cost of the vision, Explaining how these new benefits will impact their net pay
The company produced 5,000 units and sold 3,000 units at a price of $7.50 a unit. What was Silverman net income for first year in operation
Your text notes that all of the business processes we have studied feed data to the general ledger system. For each of the 5 business processes listed below: • Indicate which of the business events listed are activities within that business process (..
a) Calculate the material price and usage variances for the month. b) Calculate the labor rate and efficiency variances for the month.
Which the company summarizes its significant accounting policies, discuss the method(s) each company uses for measuring its property
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upton company was started on january 1 2011 when the owners invested 168000 cash in the business. during 2011 the
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