Reference no: EM132832538
Question - Business consulting Accounting service company was incorporated on June: 1/2015 test month of operating the following transactions occurred.
1. Shareholders invested 12,000,000.00 in cash in exchange to business consulting service company
2. Paid 1,000,000.00 for June rent on office space.
3. Purchased office equipment on account 4,000,000.00.
4. Provided business consulting services to clients for each 1,800,000.00.
5. Borrowed 900,000.00 Cash from a bank on a note payable.
6. Performed business consulting services for client on account 2,000,000.00.
7. Paid monthly expenses. Salaries 500,000 Utilities 300,000 and advertising 100, 00, and Rent office 1,000,000.00.
Required -
a) Prepared tabular summary of the transactions.
b) Prepare the income statement.
|
Which correct journal entry for a business remitting hst
: Which correct journal entry for a business remitting HST to the government would be? debit Bank, debit HST Recoverable, credit HST Payable.
|
|
Compute Charlotte child and dependent tax credit
: Charlotte also maintains the household in which her parents live, and she furnished 60% of their support. Compute Charlotte child and dependent tax credit
|
|
What is the best meaning for a chart of accounts
: What is the best meaning for a chart of accounts? a list of the ledger accounts and their numbers arranged in ledger order./ a table resembling the equation
|
|
Describing the level of formality-business professional
: Levels of Formality: I also need help describing the level of formality that business professionals follow in the 3 selected country.
|
|
Prepared tabular summary of the transactions
: Paid monthly expenses. Salaries 500,000 Utilities 300,000 and advertising 100, 00, and Rent office 1,000,000.00. Prepared tabular summary of the transactions
|
|
Prepare the journal entry on september to record
: Prepare the journal entry on September 16, 2019 to record the purchase allowance. Assume that all bed sheets are still in inventory.
|
|
Identify three of the main responsibilities of architects
: Describe these responsibilities and explain in what ways an architect may depend on other construction players to perform these responsibilities.
|
|
Comment on the types of technologies
: Using a specific sector of the domestic event industry (such as sport or music), comment on the types of technologies used and their effect on audiences.
|
|
What is the total amount of dividends that the company pay
: If the company wants to distribute $4 per share to the common stockholders in 2017, what is the total amount of dividends that the company must pay
|