User Account

All Pages

Put together a partial balance sheet for Village Pet Shelter

Assignment Help Accounting Basics
Reference no: EM132694234

Question - The following information is taken from the accounting records of Village Pet Shelter at December 31, 2021, the organization's year end:

1. The petty cash box contained $20 in cash and $280 in receipts on the morning of December 31, 2021 and was replenished before the end of the day.

2. The organization owned $50,000 in guaranteed investment certificates due June 30, 2022.

3. The Bank of Montreal chequing account balance was $4,566 after all adjusting entries had been made.

4. The Bank of Montreal savings account balance was $35,600 before recording $150 in December interest revenue.

5. The Bank of Nova Scotia chequing account balance, after all adjustments, is $80,700. The funds in this account were donated by a private foundation for the purpose of purchasing new shelter furnishings, which they plan to do in February 2022.

Instructions - Put together a partial balance sheet for Village Pet Shelter at December 31 showing how this information should be presented.

Do you use the adjusted trial balance (partial) statement?

Reference no: EM132694234

Questions Cloud

What amount will Headland receive : Headland Inc. issues $2,600,000 of 7% bonds due in 10 years with interest payable at year-end. What amount will Headland receive when it issues the bonds
Policy and ethics : How likely is it that ethical violations of research could happen in the United States?
Cash and cash flow are considered lifeblood of business : Generating cash is the ultimate responsibility for managers today. Cash and cash flow are considered the "lifeblood" of a business.
How they could possibly affect learning : Briefly describe these events and how they could possibly affect learning in an environment in which English is being taught as an additional language
Put together a partial balance sheet for Village Pet Shelter : Put together a partial balance sheet for Village Pet Shelter at December 31 showing how this information should be presented
Develop an expectation for the reserve for returns account : Using the information given, develop an expectation for the reserve for returns account. Determine a tolerable difference for your analytical procedure
Firm approach to corporate social responsibility : What is your firm's approach to Corporate Social Responsibility (CSR) and stakeholder management?
Compute the volume in units and the sales level : Compute the Volume in Units and the Sales level necessary to maintain the present profit level, assuming that the max price increase is implemented
Prison sentences is fair in light of the facts : Do you think the disparity of these two prison sentences is fair in light of the facts?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Who was involved in the decision making

How was the decision made?Who was involved in the decision making?Has the decision paid off the results that were forecasted? How is the system's impact on the organization and business being measured?

  How much will you pay for the company share

The company pledges to increase its dividend by 5.1% per year, If you require a return of 11% on your investment, how much will you pay for the company's share

  What is the amount of adjustments to income

Young is single and self-employed. His net profit from the business is $100,000. What is the amount of adjustments to income on line 36 of Schedule 1

  Prepare a listing of the accounts receivable customer

autumn cove inc. has 2010 in the december 1 balance of the accounts receivable account consisting of 880 from the

  Describe the activities that take place in the supply chain

Describe the activities that take place in the supply chain of a manufacturing firm.

  Control with the pay roll function

A potential control for managing the risk of employee fraud is to send employees on mandatory vacations. Explain the relation of that control with the payroll function.

  Date of the financial statements

At the date of the financial statements, common stock shares issued would exceed common stock shares outstanding as a result of the

  Total property taxes at a sales volume

To the nearest whole dollar, what should be the total property taxes at a sales volume of 39,700 units?

  Materials costs of 500000 and conversion costs of 535500

materials costs of 500000 and conversion costs of 535500 were charged to a processing department in the month of

  Does it account for these motorcycles as 30 individual jobs

What are some additional costs that you would need to consider if the motorcycles were for customers that were overseas?

  Which items were included in comprehensive income

What other ratio would you want to compute to decide whether Carnival is successfully employing leverage? Explain your answer.

  What is the amount of gross profit or loss

The total contract price is $25 million. What is the amount of gross profit or loss to be recognized for the Altamont contract during 2018 and 2019

Free Assignment Quote

Assured A++ Grade

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd