User Account

All Pages

Pass journal entries and prepare ledgers and trial balance

Assignment Help Accounting Basics
Reference no: EM132504446

Question - Pass Journal Entries and prepare ledgers account and trial balance with the help of the following transactions:

March 1, commenced business with cash SR 150,000.

March 2; Purchased Car SR 40,000.

March3; Purchased two scooters from XY Company SR 30,000.

March 4: Rent received SR 15,000.

March 5; Telephone charges paid SR 7,000.

March 6; Cash paid to XY Company SR 30,000.

March 7; Sold one scooter SR 12,000.

Pass journal entries and prepare ledgers and trial balance from the above question. After trial balance, prepare Income statement and Balance Sheet.

Reference no: EM132504446

Questions Cloud

Define how other people may perceive your story : In this final project, tell your story through a presentation and reflection on how other people may perceive your story. You will create a 4 to 8 minute.
Compute what is the average amount of receivables : Compute What is the average amount of receivables? Do not round intermediate calculations. Round your answer to the nearest dollar.
How much of his inheritance must he invest at an annual rate : How much of his inheritance must he invest at an annual rate of 8% (compounded annually) to buy the boat at retirement
Determining the zero-coupon bond : Which bond will suffer the greater percentage decline in price: a 30-year bond paying annual coupons of 8% or a 30-year zero-coupon bond?
Pass journal entries and prepare ledgers and trial balance : Pass journal entries and prepare ledgers and trial balance from the above question. After trial balance, prepare Income statement and Balance Sheet
What is the amount of the change in the firm : What is the amount of the change in the firm's operating cash flow resulting from this project?
Compute what is the average accounts payable for app : Find What is the average accounts payable for APP? Round your answer to the nearest dollar. The discount but takes the full 15 days to pay its bills.
Selling price per unit have on the operating cash flow : The depreciation is $94,700 a year and the tax rate is 40 percent. What effect would an increase of $1 in the selling price per unit have on the operating cash
Compute what is the retailer effective cost of trade credit : Compute What is retailer effective cost of trade credit? Assume 365-day year. Do not round intermediate calculations. Round your answer to two decimal places.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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