create T-accounts and balance off T-accounts reflecting the the following transactions: - a. capital b. fixed...
create T-accounts and balance off T-accounts reflecting the the following transactions: -
a. capital
b. fixed asset relating to your business
c. one cash return
d. one credit purchase
e. one return outwards
f. one cash return
g. one credit sale
h. one return inwards,
i. drawings (insurance etc.)
j. expenses
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create T-accounts and balance off T-accounts reflecting the the
following transactions: -
a. capital
b. fixed...
Question 1 QUESTION 1 Following is a trial balance of Booroaq Technology Sdn. Bhd as at 31 December 2016 Booroaq Tec...
Question 1
QUESTION 1 Following is a trial balance of Booroaq Technology Sdn. Bhd as at 31 December 2016 Booroaq Technology Sdn. Bhd Trial Balance As at 31 December 2016 Credit (RM) Debit (RM) Warehouse rent 3,700 21,400 15,570 Wages and Salaries Van Utilities Expenses 334 Shop Lot 199,000 Sales 77,337 Returns Outwards Return inwards 1,330 777 Purchases 35,375 11,755 Opening inventory Long Term debt Legal Expenses Insurance 100,000 757 1,200 General Expenses Equipment Drawings Cash in Hand 555 7,900...
i. and ii. QUESTION 1 Following is a trial balance of Boorpaq Technology Sdn. Bhd as at 31 December 2016. Booroag Tec...
i.
and ii.
QUESTION 1 Following is a trial balance of Boorpaq Technology Sdn. Bhd as at 31 December 2016. Booroag Technology Sdn. Bhd Trial Balance As at 31 December 2016 Debit (RM) Credit (RM) 3,700 21,400 15,570 334 199,000 77,337 1,330 777 35,375 11,755 100,000 Warehouse rent Wages and Salaries Van Utilities Expenses Shop Lot Sales Returns Outwards Return inwards Purchases Opening inventory Long Term debt Legal Expenses Insurance General Expenses Equipment Drawings Cash in Hand Cash at Bank...
The following trial balance is that of Mirza Enterprise as at 31 December 2018, Debit (RM)...
The following trial balance is that of Mirza Enterprise as at 31 December 2018, Debit (RM) 22,860 5,100 Credit (RM) 41,000 6,860 4,300 930 570 Details Purchases and Sales Inventory on 1 January 2018 Capital Bank overdraft Cash Discount allowed and received Return inwards and outwards Carriage outwards Office expenses Fixtures and Fittings Delivery van Accounts receivable and accounts payable Rent and insurance Drawings Wages and Salaries Dividend received Commission received 140 1,440 790 2,180 450 1,210 2,000 11,900 1,790...
"Using T accounts to record all business transactions." 3.4A. The following accounts and transactions are for...
"Using T accounts to record all business transactions." 3.4A. The following accounts and transactions are for Horace Brock, Landscape Consultant. Analyze the transactions. Record each in the appropriate T accounts. Use plus and minus signs in front of the amounts to show the increases and decreases. Identify each entry in the T accounts. By writing the letter of the transaction next to the entry. Assets: Cash, Accounts Receivable, Office Furniture, Office Equipment Liabilities: Accounts Payable Owner’s Equity: Horace Brock –...
Question 4 (14 marks) For each of the following accounts indicate in the examination booklet a...
Question 4 (14 marks) For each of the following accounts indicate in the examination booklet a the type of account (Asset,Liability, Owner's capital, Owner's drawings, Revenue Expense), b the debit and credit effects, and the normal account balance. Example 0. Cash a Asset account b. Debit increases, credit decreases C. Normal balance-debit 1. Accounts Payable 2 Accounts Receivable 3. J Stonehedge, Capital 4. J. Stonehedge, Drawings 5 Service Revenue 6. Insurance Expense 7 Notes Payable 8. Equipment
(b) Record the above transactions (c) Balance-off the accounts at the end of off the accounts...
(b) Record the above transactions (c) Balance-off the accounts at the end of off the accounts at the end of the monthl. eptember the financial position of Sara Young's business was: 80 Cash in hand Balance at bank Accounts receivable: AB 900 200 500 300 1,000 600 1,400 Inventory Accounts payable: GH During September: 1 The three debtors settled their accounts by cheque subject to a cash discount of 4 per cent. 2 A cheque for £100 was cashed for...
The following trial balance was extracted from the books of SOSO (PVT) on 16th June, 2018. ZMW Capital Returns outwards-raw materials Sales Returns outwards Vehicles Rent receivable Trade paya...
The following trial balance was extracted from the books of SOSO (PVT) on 16th June, 2018. ZMW Capital Returns outwards-raw materials Sales Returns outwards Vehicles Rent receivable Trade payables Issued share capital- ordinary shares Issued share capital-preference shares Share premium Opening stock of raw material Opening stock of work in progress Purchases-raw materials Dividend paid Direct expenses Retained earnings at 1/6/18 Inventory 13,500 250 22,050, 413 475 200 638 4,125 725 450 780 660 150 1,970 240 975 825 6,263...
Enter the following transactions for Rojo in ledger accounts, and then balance off the accounts and...
Enter the following transactions for Rojo in ledger accounts, and then balance off the accounts and transfer the balances into a trial balance. Date Transactions Jan 1 Started business putting £5,000 into the bank and £500 into petty cash Jan 2 Bought inventory on credit from C. Higgins, £250; F. Gulmohammed, £450; S. O’ Hare, £650, J. Ballantine, £850 Jan 3 Returned goods to J. Ballantine, £80 and F. Gulmohammed, £40 Jan 4 Sold inventory on credit to: C. Doogan,...
The following trial balance was extracted from the books of SOS。(PVT) on 16th June, 2018. ZMW Ca...
The following trial balance was extracted from the books of SOS。(PVT) on 16th June, 2018. ZMW Capital Returns outwards-raw materials Sales Returns outwards Vehicles Rent receivable Trade payables Issued share capital- ordinary shares Issued share capital-preference shares Share premium Opening stock of raw material Opening stock of work in progress Purchases-raw materials Dividend paid Direct expenses Retained earnings at 1/6/18 Inventory 13,500 250 22,050, 413 475 200 638 4,125 725 450 780 660 150 1,970 240 975 825 Purchases 6,263...
A) Create a set of t-accounts from the accounts listed in Step 2 B) Record the...
A) Create a set of t-accounts from the accounts listed in Step
2
B) Record the transactions in a general journal (use a chart
also if that helps you)
C) Post the transactions to t-accounts
D) Calculate ending balance for each t-account
E) Prepare a trial balance
F) Prepare and Income Statement, Statement of Owner's Equity,
and Balance Sheet
Problem 2-2A pages 74-75. Complete the following: A) Create a set of t-accounts from the accounts listed in Step 2 B)...
Question 1
QUESTION 1 Following is a trial balance of Booroaq Technology Sdn. Bhd as at 31 December 2016 Booroaq Technology Sdn. Bhd Trial Balance As at 31 December 2016 Credit (RM) Debit (RM) Warehouse rent 3,700 21,400 15,570 Wages and Salaries Van Utilities Expenses 334 Shop Lot 199,000 Sales 77,337 Returns Outwards Return inwards 1,330 777 Purchases 35,375 11,755 Opening inventory Long Term debt Legal Expenses Insurance 100,000 757 1,200 General Expenses Equipment Drawings Cash in Hand 555 7,900...
i.
and ii.
QUESTION 1 Following is a trial balance of Boorpaq Technology Sdn. Bhd as at 31 December 2016. Booroag Technology Sdn. Bhd Trial Balance As at 31 December 2016 Debit (RM) Credit (RM) 3,700 21,400 15,570 334 199,000 77,337 1,330 777 35,375 11,755 100,000 Warehouse rent Wages and Salaries Van Utilities Expenses Shop Lot Sales Returns Outwards Return inwards Purchases Opening inventory Long Term debt Legal Expenses Insurance General Expenses Equipment Drawings Cash in Hand Cash at Bank...
The following trial balance is that of Mirza Enterprise as at 31 December 2018, Debit (RM) 22,860 5,100 Credit (RM) 41,000 6,860 4,300 930 570 Details Purchases and Sales Inventory on 1 January 2018 Capital Bank overdraft Cash Discount allowed and received Return inwards and outwards Carriage outwards Office expenses Fixtures and Fittings Delivery van Accounts receivable and accounts payable Rent and insurance Drawings Wages and Salaries Dividend received Commission received 140 1,440 790 2,180 450 1,210 2,000 11,900 1,790...
Question 4 (14 marks) For each of the following accounts indicate in the examination booklet a the type of account (Asset,Liability, Owner's capital, Owner's drawings, Revenue Expense), b the debit and credit effects, and the normal account balance. Example 0. Cash a Asset account b. Debit increases, credit decreases C. Normal balance-debit 1. Accounts Payable 2 Accounts Receivable 3. J Stonehedge, Capital 4. J. Stonehedge, Drawings 5 Service Revenue 6. Insurance Expense 7 Notes Payable 8. Equipment
(b) Record the above transactions (c) Balance-off the accounts at the end of off the accounts at the end of the monthl. eptember the financial position of Sara Young's business was: 80 Cash in hand Balance at bank Accounts receivable: AB 900 200 500 300 1,000 600 1,400 Inventory Accounts payable: GH During September: 1 The three debtors settled their accounts by cheque subject to a cash discount of 4 per cent. 2 A cheque for £100 was cashed for...
The following trial balance was extracted from the books of SOSO (PVT) on 16th June, 2018. ZMW Capital Returns outwards-raw materials Sales Returns outwards Vehicles Rent receivable Trade payables Issued share capital- ordinary shares Issued share capital-preference shares Share premium Opening stock of raw material Opening stock of work in progress Purchases-raw materials Dividend paid Direct expenses Retained earnings at 1/6/18 Inventory 13,500 250 22,050, 413 475 200 638 4,125 725 450 780 660 150 1,970 240 975 825 6,263...
The following trial balance was extracted from the books of SOS。(PVT) on 16th June, 2018. ZMW Capital Returns outwards-raw materials Sales Returns outwards Vehicles Rent receivable Trade payables Issued share capital- ordinary shares Issued share capital-preference shares Share premium Opening stock of raw material Opening stock of work in progress Purchases-raw materials Dividend paid Direct expenses Retained earnings at 1/6/18 Inventory 13,500 250 22,050, 413 475 200 638 4,125 725 450 780 660 150 1,970 240 975 825 Purchases 6,263...
A) Create a set of t-accounts from the accounts listed in Step
2
B) Record the transactions in a general journal (use a chart
also if that helps you)
C) Post the transactions to t-accounts
D) Calculate ending balance for each t-account
E) Prepare a trial balance
F) Prepare and Income Statement, Statement of Owner's Equity,
and Balance Sheet
Problem 2-2A pages 74-75. Complete the following: A) Create a set of t-accounts from the accounts listed in Step 2 B)...
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