Homework Answers
BANK RECONCILATION STATEMENT
| Particulars | ($) | ($) |
| balance as per bank | ||
| closing balance as per bank | 8313.84 | |
| + check incorrectly recorded | 6569 | |
| + service charge | 89.3 | |
| + unrecorded deposit | 3695 | 10353.3 |
| - unrecorded cheque 888 | 2169.43 | |
| - cheque 890 | 2369 | |
| - cheque 892 | 1452 | |
| - cheque 893 | 256 | |
| - recording check correctly | 6669 | 12,915 |
| Adjusted balance as per register | 5,751.71 | |
| balance as per register | ||
| balance | 5,641.71 | |
| + check incorrectly recorded | 2,113.78 | |
| - recording check correctly | -2003.78 | 5,751.71 |
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Credit Debit 10,050.00 876 3,659.00 126.00 3,290.00 868.00 1,424.00 252.00 884 2,680.00 heque Register ate Explanation...
The bank statement and relevant portions of Baldwin Company's cash records for the month ended June...
The bank statement and relevant portions of Baldwin Company's cash records for the month ended June 30, 2015 are given below. 3) Babi ce 22.242.92 18,583.92 Debit 10,050.00 31-May Deposit 01-Jun Cheque 3,659.00 126.00 3,290.00 868.00 1,424.00 252.00 882 18,457.92 15,167.92 14,299.92 12,875.92 12,623.92 15,303.92 13,190.14 11,020.71 9,772.71 12,692.71 10,323.71 3,654.71 2.202.71 1,946.71 5,641.71 01-Jun Cheque 01-Jan Cheque 03-Jun Cheque 04-Jun Cheque 09-Jun Deposi 12-Jun Cheque 883 884 885 886 2,680.00 2,113.78 2,169.43 1,248.00 887 12-Jun 12-Jm Cheque 18-Jun Deposit...
Idul 10S The following information is the cash account and the bank statement of Pretty Pet...
Idul 10S The following information is the cash account and the bank statement of Pretty Pet Shop at 30 June 2019. Pretty Pet Shop Cash account 2019 2019 May 31 Balance 1,410 Jun 5 Check written 180 (no.882) Jun 1-30 Deposits 3,800 Jun 13 Check written 591 (no.883) Jun 16 Check written (no.884) Jun 30 Check written (no.885) Jun 30 Check written 979 Jun (no.886) 30 Balance 2,266 784 HKCC Bank Bank Statement 1,410 662 (180) 894 2019 May 31...
Little Red Riding' began business on 1 June 2019. The business is a partnership, between Mr Wheeler...
Little Red Riding' began business on 1 June 2019. The business is a partnership, between Mr Wheeler and Mrs Wheeler. The business will sell children's bicycles at the local markets. The business is not registered for GST. The following transactions occurred during June 2019: Date: Details: 1-Jun Mr and Mrs Wheeler deposited $30,000 into the business bank account. 2-Jun Purchase of bicycles (100 small bicycles, and 100 large bicycles) from Red Bikes Rock Ltd on account for $10,000 ($50 per bicycle) on terms of...
View Polides Current Attempt in Progress -/1 Blossom Company maintains a petty cash fund for small...
View Polides Current Attempt in Progress -/1 Blossom Company maintains a petty cash fund for small penditures. The following transactions occurred over a two month period: Feb. 1 Feb 15 Feb. 28 Established petty cash fund by writing a cheque on Algonquin Bank for $200.00. Replenished the petty cash fund by writing a cheque for $195.00. On this date the fund consisted of $500 in cash and the following petty cash receipts: Freight out $82.00 Postage expense 72.90 Entertainment expense...
Credit $ 1.200 Aberkonkie Corporation Post-Closing Trial Balance December 31, 2021 Debit Cash $ 24,300 Accounts...
Credit $ 1.200 Aberkonkie Corporation Post-Closing Trial Balance December 31, 2021 Debit Cash $ 24,300 Accounts Receivable Allowance for Doubtful Accounts Equipment 20.000 Accumulated Depreciation Equipment Buildings 100.000 Accumulated Depreciation-Buildings Land 20,000 Accounts Payable Common Stock Retained Earnings 15.000 15.000 12,370 90.000 53.130 $186,700 16.700 During the first quarter of 2022, the following transaction occurred: 1. On February 1. Aberkonkie collected fees of $12.000 in advance. The company will perform $1,000 of services each month from February 1, 2022. to...
On 1 July 2017, Entity A purchased a chemical machine from Entity B on credit. The purchase...
On 1 July 2017, Entity A purchased a chemical machine from Entity B on credit. The purchase price was $3,560,000 and it will be fully settled on 1 August 2017. A legal and professional fee of $25,000 was paid by a cheque to Entity C in order to ensure the machine can be ready for use on 1 July 2017. The useful life of the machine is 5 years without any residual value. According to the purchase contract, Entity A is...
13 Be Jeweled, Inc. Trial Balance 14 30-Jun-17 15 16 Account Debit Credit 17 Cash $...
13 Be Jeweled, Inc. Trial Balance 14 30-Jun-17 15 16 Account Debit Credit 17 Cash $ 284,610.00 18 Accounts Receivable $ 2,995.00 19 Inventory $ 36,010.00 20 Prepaid Insurance $ 1,225.00 21 Display Equipment $ 2,400.00 22 Accumulated Depreciation - Equipment $ 100.00 23 Building $ 348,000.00 24 Accumulated Depreciation - Building $ 3,625.00 25 Accounts Payable $ 24,350.00 26 Interest Payable $ 7,328.75 27 Salaries and Wages Payable $ 3,535.00 28 Mortgage Payable $226,200.00 29 Bank Loan Payable $260,000.00...
Record the Adjusting Entries A-J. QUESTION: Record the following adjusting entries: OCTET Chart of Accounts Current...
Record the Adjusting Entries A-J.
QUESTION: Record the following adjusting entries:
OCTET Chart of Accounts Current Assets 10000 Cash 11000 Accounts Receivable Long-Term Liabilities 12000 Inventory-Cookies 27000 Mortgage Payable Note Payable 27100 12100 Inventory- Baskets 13100 Supplies (Ribbon, Sticks, Cellophane) Shipping Supplies Prepaid Rent Stockholders' Equity 39003 Common Stock 13200 39005 Retained Earnings 14000 Dividends paid 39007 14100 Prepaid Insurance 14200 Prepaid Advertising Revenue 40000 Sales Long-Term Assets 15000 Computer Equipment Accumulated Depreciation 17000 Expenses Computer Equipment Cost of Goods...
8. Which of the following accounts has a normal debit balance? a. Accounts Payable b. Sales...
8. Which of the following accounts has a normal debit balance? a. Accounts Payable b. Sales Returns and Allowances c. Sales d. Interest Revenue 9. Using a perpetual inventory system, the entry to record the purchase of $30,000 of merchandise on account would include a a. debit to Sales b. debit to Merchandise Inventory c. credit to Merchandise Inventory d. credit to Sales 10. A retailer purchases merchandise with a catalog list price of $15,000. The retailer receives a 30%...
Sent Need the answers for that whole question paper True or false questions (25) has any...
Sent
Need the answers for that whole question paper
True or false questions
(25) has any effect SECTION TRUE OR FALSE QUESTION (40 Marks) The following questions indicate if it's True or False. Each question carries 2 Marks 1. Accounting Principle is general law or rule followed in the preparation of financial statements 2. Usefulness, objectivity and feasibility are the three basic norms generally found in accounting principles 3. The Cash book record only the cash payments 4. If a...
The bank statement and relevant portions of Baldwin Company's cash records for the month ended June 30, 2015 are given below. 3) Babi ce 22.242.92 18,583.92 Debit 10,050.00 31-May Deposit 01-Jun Cheque 3,659.00 126.00 3,290.00 868.00 1,424.00 252.00 882 18,457.92 15,167.92 14,299.92 12,875.92 12,623.92 15,303.92 13,190.14 11,020.71 9,772.71 12,692.71 10,323.71 3,654.71 2.202.71 1,946.71 5,641.71 01-Jun Cheque 01-Jan Cheque 03-Jun Cheque 04-Jun Cheque 09-Jun Deposi 12-Jun Cheque 883 884 885 886 2,680.00 2,113.78 2,169.43 1,248.00 887 12-Jun 12-Jm Cheque 18-Jun Deposit...
Idul 10S The following information is the cash account and the bank statement of Pretty Pet Shop at 30 June 2019. Pretty Pet Shop Cash account 2019 2019 May 31 Balance 1,410 Jun 5 Check written 180 (no.882) Jun 1-30 Deposits 3,800 Jun 13 Check written 591 (no.883) Jun 16 Check written (no.884) Jun 30 Check written (no.885) Jun 30 Check written 979 Jun (no.886) 30 Balance 2,266 784 HKCC Bank Bank Statement 1,410 662 (180) 894 2019 May 31...
View Polides Current Attempt in Progress -/1 Blossom Company maintains a petty cash fund for small penditures. The following transactions occurred over a two month period: Feb. 1 Feb 15 Feb. 28 Established petty cash fund by writing a cheque on Algonquin Bank for $200.00. Replenished the petty cash fund by writing a cheque for $195.00. On this date the fund consisted of $500 in cash and the following petty cash receipts: Freight out $82.00 Postage expense 72.90 Entertainment expense...
Credit $ 1.200 Aberkonkie Corporation Post-Closing Trial Balance December 31, 2021 Debit Cash $ 24,300 Accounts Receivable Allowance for Doubtful Accounts Equipment 20.000 Accumulated Depreciation Equipment Buildings 100.000 Accumulated Depreciation-Buildings Land 20,000 Accounts Payable Common Stock Retained Earnings 15.000 15.000 12,370 90.000 53.130 $186,700 16.700 During the first quarter of 2022, the following transaction occurred: 1. On February 1. Aberkonkie collected fees of $12.000 in advance. The company will perform $1,000 of services each month from February 1, 2022. to...
13 Be Jeweled, Inc. Trial Balance 14 30-Jun-17 15 16 Account Debit Credit 17 Cash $ 284,610.00 18 Accounts Receivable $ 2,995.00 19 Inventory $ 36,010.00 20 Prepaid Insurance $ 1,225.00 21 Display Equipment $ 2,400.00 22 Accumulated Depreciation - Equipment $ 100.00 23 Building $ 348,000.00 24 Accumulated Depreciation - Building $ 3,625.00 25 Accounts Payable $ 24,350.00 26 Interest Payable $ 7,328.75 27 Salaries and Wages Payable $ 3,535.00 28 Mortgage Payable $226,200.00 29 Bank Loan Payable $260,000.00...
Record the Adjusting Entries A-J.
QUESTION: Record the following adjusting entries:
OCTET Chart of Accounts Current Assets 10000 Cash 11000 Accounts Receivable Long-Term Liabilities 12000 Inventory-Cookies 27000 Mortgage Payable Note Payable 27100 12100 Inventory- Baskets 13100 Supplies (Ribbon, Sticks, Cellophane) Shipping Supplies Prepaid Rent Stockholders' Equity 39003 Common Stock 13200 39005 Retained Earnings 14000 Dividends paid 39007 14100 Prepaid Insurance 14200 Prepaid Advertising Revenue 40000 Sales Long-Term Assets 15000 Computer Equipment Accumulated Depreciation 17000 Expenses Computer Equipment Cost of Goods...
8. Which of the following accounts has a normal debit balance? a. Accounts Payable b. Sales Returns and Allowances c. Sales d. Interest Revenue 9. Using a perpetual inventory system, the entry to record the purchase of $30,000 of merchandise on account would include a a. debit to Sales b. debit to Merchandise Inventory c. credit to Merchandise Inventory d. credit to Sales 10. A retailer purchases merchandise with a catalog list price of $15,000. The retailer receives a 30%...
Sent
Need the answers for that whole question paper
True or false questions
(25) has any effect SECTION TRUE OR FALSE QUESTION (40 Marks) The following questions indicate if it's True or False. Each question carries 2 Marks 1. Accounting Principle is general law or rule followed in the preparation of financial statements 2. Usefulness, objectivity and feasibility are the three basic norms generally found in accounting principles 3. The Cash book record only the cash payments 4. If a...
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