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!
Question - The accounts listed below have been exempted from the books of Mwembe Tayari Co. Ltd as at 31st December 2020. The accounts relate to the normal transactions and operations of the Company.
Kshs
Cash 34,000
Buildings (NBV) 210,000
Notes payable 72,000
Salaries 19,000
Inventory 36,000
Accounts payable 60,000
Equity Capital 185,000
Accounts receivable 48,000
Sales 271,000
Note receivable 22,000
Bonds payable 75,000
Rent expense 15,000
Land 125,000
Cost of goods sold 165,000
Tax Expense 20,000
Tax payable 31,000
Required -
(a) Prepare the Trial balance?
(b) Prepare the Income statement?
(c) Prepare the Statement of financial position as at 31st December 2020?
Generate a projected income statement based on the given scenario
Prepare journal entries in the records of ABC Ltd for each of the years ended 30 June 2019 and 30 June 2020 in relation to its investment in the associate, XYZ
Four rights are needed along with the subscription price of P60 to buy one new share. The stock is selling for P72 rights-on. What is the value of one right
SkyChefs, Inc., prepares in-flight meals for a number of major airlines. The company prepared 6,200 of these meals. What is the labor spending variance
A business has the following ending merchandise inventory data at the end of January: Determine the total lower of cost or market value for inventory applied
If the investor requires a 10% rate of return at what price would it be appropriate to purchase this asset? Calculate the Present value of the investment
anthony company uses a perpetual inventory system. it entered into the following purchases and sales transactions for
Straight-line amortization is used. Interest is paid annually each December 31. Compute the bond carrying value as of December 31, 2024
On January 1, 2014 the Accounts Receivable and the Allowance for Doubtful Accounts carried balances of $30,000 and $500, respectively.
Tidwell Corporation was organized on January 1, 2014. Prepare the paid-in capital portion of the stockholders equity section at Dec 31, 2014
calculate their break-even point and evaluate pricing changes and product quality improvements. But after reviewing several annual reports
1.in 2014 heirs of the original creator of copyright that able company purchased filed a lawsuit claiming they were
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