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!
The account balances appearing on trial balance (below) were taken from general ledger of John's Copy Shop at 30th September. Additional information for the month of September which has not yet been recorded in the accounts is as given: (a) A physical count of supplies shows $300 on hand at September 30. (b) The amount of insurance that expired in month of September was $200. (c) Depreciation on apparatus for September was $400. (d) Rent owed on the copy shop for month of September was $600 but will not be paid until October. JOHN'S COPY SHOP Worksheet For the Month Ended 30th September, 2008 Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet Account Titles Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Cash 1,000 Supplies 1,100 Prepaid Insurance 2,200 Equipment 24,000 Accum. Depreciation- Equipment 4,500 Accounts Payable 2,400 Notes Payable 4,000 John, Capital 15,300 John, Drawing 2,400 Copy Revenue 4,900 Utilities Expense 400 Totals 31,100 31,100 Supplies Expense Insurance Expense Depreciation Expense Rent Expense Rent Payable Totals Net Income Totals Instructions Using given information, complete the worksheet on the subsequent page for Mann's Copy Shop for the month of September. You have to prepare for the month ending 30th September, 2008: 1. The adjusting entries (Journalize) for the month ending 30th September, 2008 (If required create T accounts and post the adjusting entries to the ledgers) 2. The entries needed to complete the closing of the accounts. (If required create T accounts and post the closing entries to the ledgers) You are to prepare for the month ending 30th September, 2008: 1. An income statement. 2. An owner's equity statement. 3. A balance sheet.
On June 1, 2012, Josh purchased a used automobile that cost $24,000. The car is used 60% for business and 40% for personal use. (Assume this percentage is maintained for the life of the car.) Determine the cost recovery deduction for 2013.
Determine the variable cost per order shipped, determine the fixed shipping costs per quarter - determine total shipping costs for 20X7 if activity amounts to 570 orders.
Show the effects of recognizing the NSF check on the financial statements by recording the appropriate amounts in a horizontal statements model
Explain the difference between the accrual basis of accounting and the cash basis of accounting. What are the major reasons for accrual accounting? How are revenues and expenses defined under accrual accounting?
Prepare the current assets section of the balance sheet and compute the predetermined overhead rate AND the amount of applied manufacturing overhead
Infer from the statements the events and transactions that affected Locke Intertechnology Corporation's shareholders' equity and compute earnings per share as it would have appeared on the income statements for the years ended December 31, 2011.
The bonds were dated January 1, 20011. Interest is paid semiannually on January 1 and July 1. On April 1, Hanson purchased 1/2 of the bonds on the open market at 99 plus accrued interest and canceled them.
Prepare a schedule of equivalent units and a cost of production report for Century Corporation for April. There was zero beginning work in process; 4,200 units were started; and 4,000 units were completed and transferred out
how do you judge a businesss well-being from examining its capital structure? does it make a difference who you are
What is the NPV if the discount rate is 15.30% and Evaluate Capital's after-tax WACC
questionq. suppose u borrow rs. 5 lakh 4 ur colege year. the loan wil b paid off over 5 yrs. the loan carries 8 annual
Plan journal entries to record the preceding transactions on the assumption that the bonus method is used.
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