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 following is the information extracted from the accounting book of Juwita Shop as at 31 January 2022.
Particulars
RM
Building A DR
50,000
Motor Vehicles A DR
Furniture A DR
20,000
Cash A DR
10,000
Bank A DR
90,000
Account receivable - Rahimi A DR
Account Payable - Li Ann L CR
30,000
Date 2022
Feb 1
Credit Sale of RM2,000 to Iman
Feb 7
Paid water bill of RM300 by cash
Feb 9
Purchased goods on credit to Mr lim worth RM20,000 trade discount 10%.
Feb 10
Sold used furniture worth RM200 for cash. The sales amount is deposited into bank.
Feb 12
Cash sale of RM8,000
Feb 17
Iman returned goods worth RM200
Feb 19
Sent sale invoice of Rm15,000 to Reza
Feb 22
Returned defective goods worth RM700 to account payable - Li Ann
Feb 25
Rahimi paid half of his debt by cheque
Feb 29
Paid off debts to Li Ann RM15,000, Mr. Lim RM5,000 and employee' salaries of RM2,000 by cheque
Required - You are required to:
1. Record the transaction into journal entry.
2. Post entries to ledgers.
3. Prepare the trial balance as at 28 February 2022.
Compute Sweet Tooth's (1) quick ratio, (2) current ratio, (3) working capital, and (4) debt ratio. (Round ratios to 1 decimal place.)
Assuming that cost of capital is 11% per annum, provide an analysis based on net present value to determine which machine is preferable, and why
HARANGUE INFLATED SPEECH Co. had the following information for 20x1: Total assets turnover 2:1. How much is the total assets as of December
Johnson Marine has the following costs and expected sales from the coming year. If Johnson determines prices so as to receive a desired return on assets of 15%
Assuming you have the savings to invest in 3 companies with a total amount of P100,000. How much is the total investment cost per company
Explain how is relevant quantitative and qualitative information used in special order decisions? Explain and analyze using numerical example.
The commission is 8.5% on all sales up to $50,000 above the quota. Compute: The regular annual salary and The commission
Find What is the amount of interest expense recorded in the year 2019? A $45,000, two-month, 9% note payable was issued on December 1, 2018.
Advocates and mediators are two very rewarding carriers as they assist the community and people to bring justice and peaceful life. However, they also face many challenges in their profession.
Which of the following statements is correct regarding the taxation of C corporation?
Two manufacturing overhead application bases are used; some overhead is applied on the basis of machine hours at a rate of $11.00 per machine hour
Calculate the balance of Retained Earnings that would appear on a balance sheet at December 31, 2012. Calculate the net income
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