User Account

All Pages

Post the transaction from journal to ledger

Assignment Help Financial Accounting
Reference no: EM132551594

ABM Company has the following transactions during the month of Hamle 2011 E.C Hamle 1, 2011 ABM Owner Investment 50,000 birr cash. Hamle 2 , 2011 ABM company paid 9000 birr home rent for the three month. Hamle 3 , 2011 ABM company paid 3000 birr for Advertising. Hamle 15 , 2011 the company purchased items by 30,000 birr cash and 10,000 birr on account. Hamle 20, 2011 E.C the company sold 80% of items purchased by 70,000 birr cash.

Question 1: Journalized the above transaction? Post the above transaction from journal to ledger? Produce un adjusted trial balance? Adjusting entries on Hamle 30,2011? Produce adjusted trial balance Income statement and balance sheet for the month of Hamle2011?

Reference no: EM132551594

Questions Cloud

Performance management system : What were the problems with Vitality Health's old Performance Management system? What were the root causes of those problem
How information be accounted for in the financial statements : How should the information be accounted for in the financial statements? In addition to the information Sam was granted a trade.
How do you intend to address obesity in your own practice : Finally, discuss your personal thoughts on food addiction - is this real or junk science? Why or why not? How do you intend to address obesity in your own.
Calculate the variable cost : a. Calculate the variable cost. b. Calculate the fixed cost. c. Calculate Salleh's monthly profit.
Post the transaction from journal to ledger : Journalized the transaction? Post the transaction from journal to ledger? Produce un adjusted trial balance? Adjusting entries on Hamle 30,2011?
Examine the practice guidelines related to suicide screening : Examine current practice guidelines related to suicide screening and prevention and how they could pertain to John. Choose two of the following questions.
Levels of marketing channels with example : Briefly explain the 4 levels of marketing channels with example.
How to construct general journal entry to record transaction : How to Construct general journal entries to record transactions and depreciation journal entries required at end of each reporting period up to 30 June 2024.
Explain the risk to the organisation of not applying : Explain the risk to the organisation of not applying the National Employment Standards in Australia.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Whether following error would cause the accounting equation

The payment of utilities of $3,700 was recorded as a decrease in cash of $3,700 and a decrease in retained earnings (utilities expense) of $7,300.

  What number of diluted weighted-average shares outstanding

How many options were exercisable on March 29, 2010? 3) What number of diluted weighted-average shares outstanding was used by M&S in computing earnings per share for 2009 and 2010? What were M&S's diluted earnings per share in 2009 and 2010?

  Allocate the budgeted overhead costs to the products

Cain Company makes three products in its factory: plastic cups, plastic tablecloths, and plastic bottles. The expected overhead costs for the next fiscal year include the following. Allocate the budgeted overhead costs to the products.

  Identify the vertical axis as sales and costs

Please construct a cost volume profit (break-even) chart based on the following information: Please identify the vertical axis as sales and costs, and the horizontal axis as units of sales. Identify lines inserted on the graph, BEP, profit and loss a..

  Compute the cost of goods sold and net sales

George Bailey Corporation experienced a fire on December 31, 2013, in which its financial records were partially destroyed. It has been able to salvage some of the records and has ascertained the following balances. Compute the following for George B..

  Mail-order business

Laura’s Dress Delivery operates a mail-order business that sells clothes designed for frequent travelers. It had sales of $580,000 in December. Because Laura’s Dress Delivery is in the mail-order business, all sales are made on account. Determine the..

  Discuss briefly about the accounting and securities market

The board votes a 100% stock dividend. D iscuss b riefly about the accounting and securities market differences between these two methods of increasing the number of shares outstanding.

  Explain the financial ratios by detailing the relevancy

Explain the financial ratios by detailing the relevancy, interpretation, and what each ratio means relative to the financial health, investor perspective, and stakeholder perspective.

  Compute annual depreciation for the first

Compute annual depreciation for the first and second years using the straight-line method. (Round answers to 0 decimal places, e.g. 125.)

  Elaborate wedding cakes

Gabby's Wedding Cakes creates elaborate wedding cakes

  Operating activities in the statement of cash flows

What amount should Lino include as net cash provided by operating activities in the statement of cash flows?

  Should the city accept the offer from private corporation

A city operates a computer service department. The department maintains and repairs the computers of all other city departments, billing them for each job performed. Based on the limited data provided, should the city accept the offer from the privat..

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