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!
Assignment
Question I: Discuss three of the accounting principles and assumptions with examples.
Question II: Prepare the journal for each of the following transactions.
1. On June 1, Sara invested SAR 10,000 cash in her business to start operations. 2. On June 6, Sarah purchased inventory for SAR 6,000 on credit from a supplier. 3. On June 12, Sarah purchased inventory for SAR 2,000 cash from a supplier.4. On June 15, Sarah borrowed 15,000 from a bank.5. On June 31, Sarah paid SAR 4,000 cash to the supplier for the inventory purchased on credit earlier in the month.
Question III: Based on the following trial balance for United Co, prepare an income statement, a statement of retained earnings, and a balance sheet. The company made no additional investments in the company during the year.
United Co. Trial Balance December 31
Cash
SR 7,000
Accounts receivable
475
Supplies
2,500
Equipment
17,000
Accounts payable
SR 1220
Common stock
10,000
Retained earnings
11,155
Dividends
36,000
Revenue earned
72,000
Supplies expense
3,400
Rent expense
6,000
Wages expense
22,000
Totals
SR94,375
Home Security Systems is analyzing the purchase of manufacturing equipment that will cost $58,000. Determine the internal rate of return
Vandross Company has recorded bad debt expense in the past at a rate of 1.5% of net sales. In 2014, Vandross decides to increase its estimate to 2%. If the new rate had been used in prior years, cumulative bad debt expense would have been $382,680 in..
James Company experienced the following events during its first accounting period. (1) Purchased $10,000 of inventory on account under terms 1/10 n/30.
Let us assume there is no option to delay or abandon the project. What is the project's expected NPV if the growth option is incorporated
What is the amount of the company's total assets on January 31, 2019? The business collected accounts receivable totaling $45,000.
Determine What is the required rate of return on this stock if the market risk premium is 6 percent? How much will you pay for this stock?
Calculate the depreciation expense for the Blue Hat Co. for this new equipment for year ended December 31, 2019
The expected return on the risk free security is 6%. What would the equity's total return be if actual growth in each of the facts was equal to growth expected
Banks require at least a 5% down payment. If you want to maximize the amount you borrow, what is the most you can afford to borrow
Lastly, own personal residence property with a fair market value. Would tax impact change if the property owned was a rental property?
Subsidiary company sold Parent Company an item that is in Parent Company's inventory for 10,000 and cost Subsidiary Company 5,000. The sale was made to Parent
A company’s stockholders' equity at January 1, 2014 is as follows: Acquired 6,000 shares of its stock for $270,000. Sold 3,600 treasury shares at $50 a share. Sold the remaining treasury shares at $41 per share. The company uses the cost method to re..
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