Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
During its first month of operation, the Rawls Repair Corporation, which specializes in bicycle repairs, completed the following transactions:
Oct. 1
Began business by making a deposit in a company bank account of $12,000, in exchange for 1,200 shares of $10 par value common stock.
Paid the premium on a one-year insurance policy, $1,200.
Paid the current month's rent, $1,040.
Oct. 3
Purchased repair equipment from Conklin Company, $4,400. Paid $600 down and the balance was placed on account. Payments will be $200.00 per month for nineteen months. The first payment is due 11/1.
Oct. 8
Purchased repair supplies from McKenna Company on credit, $390.
Oct. 12
Paid utility bill for October, $154.
Oct. 16
Cash bicycle repair revenue for the first half of October, $1,362.
Oct. 19
Made payment to McKenna Company, $200.
Oct. 31
Cash bicycle repair revenue for the last half of October, $1,310.
Declared and paid cash dividend of $800.
Prepare an Adjusted Trial Balance in the space below.
Evaluate taxable income and income tax payable for 2012. Evaluate the amounts reported as assets and liabilities of the Schimmel Company?
Make the journal entries necessary to record the transactions above using appropriate dates
Are non-profit and governments required to depreciate assets
Evaluate product cost and purpose an income statement under absorption and variable costing.
What is the amount of interest that Crocus could capitalize in 2013, using the particular interest method
Purpose journal entries to account for the foreign currency option, import purchase and firm commitment.
What is the suitable amount that Bluey Ltd should identify for the leased aircraft on its statement of financial position as on 1st July 2010. State the reasons for your conclusion.
Journalize the activities from job cost sheets in the general journal. Also journalize the other costs that occurred during this period of time.
Evaluate the statement of cash flows for the Decker Uniform Co.
Payments for inventory are 70% in the month following purchase and 30% two months following purchase-Evaluate the cash collections for December
Prepare two schedules, one indicating the corrected income for 2011 and one for the corrected income for 2012.
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.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd