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 - King Sports owned by Tim Lane, sells sports equipment to schools and sporting clubs in Victoria. The following balances were reported in the Balance Sheet as at 30 June 2019. Account Name Balance ($) Cash at bank 39 400 Accounts receivable 2 800 Accounts payable 1 200 Capital - Tim Lane 41 000
Transactions for July 2019 were as follows: July 2 Received $2800 from accounts receivable 3 Paid $1000 of accounts payable 4 Paid rent for July $700 5 Sent invoice to customer $5600 7 Purchased office equipment for cash $2000 9 Recorded cash sales $800 10 Recorded credit sales $1500 14 Purchased office supplies for cash $330 23 Recorded cash sales $2000 31 Cash drawing by Tim Lane $800.
Required -
a. Prepare worksheet entries for the business transactions for the month ended 31 July 2019.
b. Describe how an accounting worksheet assists in the preparation of the statement of profit or loss and the balance sheet.
What is the Economic Order Quantity (EOQ)? What is the number of orders per year if the company uses the EOQ order?
Compute earnings per share for 2010. Assume that financial statements for 2010 were issued in March 2011.
Compute the profit margin ratio and gross profit rate. Caltor Company's assets at the beginning of the year were $770,000 ,and were $830,000 at the end of the year. To qualify for full credit, you must state the formula you are using, show your co..
Determine the unrealized gain or loss on the investment that should be reported at year end by All Good Company. If it is a loss, enter as a negative number
you have been hired as the cfo of a new company and are determining the companys accounting needs. explain to your
What are some advantages and disadvantages of delegation Why do some managers choose not to delegate What has been your experience with delegation What did you learn from that experience
barnett industries inc. issued 600000 of 8 bonds on january 1 2013. the bonds pay interest semiannually on july 1 and
A sales invoice included the following information: merchandise price, %65,700; what is the amount of cash that buyer pays the seller
Discuss how to identify an income of a company. Introduce what are the recognition and measurement requirements of incomes
nexus star inc. produces various kinds of oils. one of its product product x is made from castor oil beeswax aloe vera
you give your dad 500 at the end of every year for the next 10 years to save for you. at the end of the 10 years he
What is the relevance of research and development to an economy's productivity? Among major economies, how does the United States rank in R&D spending.
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