I WILL UPVOTE THANK YOU A1 Baratie Restaurant.2 Worksheet3 For the period ended December 31, 202245 Accounts6 Cash7 Supplies Inventory8 Prepaid Insurance9 Machinery10 Acc. DepreciationTO ACC. Depi112Mr. Sanji, CapitalMr. Sanji13 Mr. Sanji, Drawing14 SalesAccounts payable.Acco15 Wage Expense16 Rent Expense1717 Utilities Expense1018 Miscellaneous Expense1019BUnadj Trial BalanceDr4,600.007,850.003,600.00120,000.003,500.00с43,400.0016,400.008,500.002,150.00210,000.00Cr62,700.004,100.0046,450.0096,750.00210,000.00DUnadjusted Trial BalanceDr18,400.00Cr31,400.0014,400.00480,000.0014,000.00E173,600.0065,600.0034,000.008,600.00840,000.00250,800.0016,400.00185,800.00387,000.00840,000.0020212122 Additional information were taken:23 1. Supplies on hand at December 31, 2022 are P2,800.0024 2. Insurance premiums expired during the year are P7,200.0025 3. Depreciation of machinery during the year is P21,000.0026 4. Wages accrued but not paid at October 31 are P8,660.0027 5. Catering services already rendered but the payment from client was not yet received, P29,850.00FDrAdjustmentsGCrHAdj Trial BalanceDrICrJDrBalance SheetKCrLMIncome StatementDrCr

A 10 column worksheet shows the transition of financial information from the unadjusted trial…

ntory ince ion ble tal ving e se = Expense Unadj Trial Balance Dr Cr 4,600.00 7,850.00 3,600.00 120,000.00 3,500.00 43,400.00 16,400.00 8,500.00 2,150.00 210,000.00 62,700.00 4,100.00 46,450.00 96,750.00 210,000.00 Unadjusted Trial Balance Dr Cr 18,400.00 31,400.00 14,400.00 480,000.00 14,000.00 173,600.00 65,600.00 34,000.00 8,600.00 840,000.00 250,800.00 16,400.00 185,800.00 387,000.00 840,000.00 Dr Adjustments Cr

ntory ince ion ble tal ving e se = Expense Unadj Trial Balance Dr Cr 4,600.00 7,850.00 3,600.00 120,000.00 3,500.00 43,400.00 16,400.00 8,500.00 2,150.00 210,000.00 62,700.00 4,100.00 46,450.00 96,750.00 210,000.00 Unadjusted Trial Balance Dr Cr 18,400.00 31,400.00 14,400.00 480,000.00 14,000.00 173,600.00 65,600.00 34,000.00 8,600.00 840,000.00 250,800.00 16,400.00 185,800.00 387,000.00 840,000.00 Dr Adjustments Cr

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

T. Nix, Capital$ 128,300Cost of goods sold$ 108,900T. Nix, Withdrawals7,000Depreciation expense11,600Sales183,000Salaries expense39,000Sales discounts4,200Miscellaneous expenses5,000Sales returns and allowances5,200 1. Record the entry to close the income statement accounts with credit balances. 2. Record the entry to close the income statement accounts with debit balances. 3. Record the entry to close the Income Summary account. 4. Record the entry to close the Withdrawals account.
education.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fims.mheducation.com Maps O Porter's Five Forc... ssignment 2 es Required information Req Di Keq DZ Assets Cash Req D3 Req D4 LEACH INCORPORATED Balance Sheet As of December 31, Year 2 Accounts receivable Less: Allowance for doubtful accounts Total assets Liabilities Stockholders' equity Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Prepare the balance sheet for Year 2. (Enter amounts to be deducted with a minus sign. Round your answers to the nearest whole dollar amounts.) $ 15,650 4 Req D/ of 6 Next > Đà L
mancosaconnect.ac.za/mod/ ANCOSA nancial Reporting and Analysis Jan22 Y1 S2 Identify the most relevant transaction for this entry: Assets +12 000 Previous page O A. Paid R12 000 cash for rent. O B. Received R12 000 cash for rent. O C. Received R12 000 cash from debtors. O D. Paid R12 000 for insurance. O HI Owners' Equity +12 000 ** A O XII Liabilities
Home om/ilm/takeAssignment/takeAssignmentMain.do?invo... A Net income X CengageNOWV2 | Online teachin X + Interest expense Fiscal Year 3 $146,200 3,000 anteay M Fiscal Year 3 Fiscal Year 2 Fiscal Year 1 Total assets (at end of fiscal year) $3,232,667 $2,945,905 $3,398,445 1,220,347 1,196,181 866,833 Total stockholders' equity (at end of fiscal year) Assume the apparel industry average return on total assets is 8.0%, and the average return on stockholders' equity is 15.0 % for the year ended April 2, Year 3. a. Determine the return on total assets for East Point for fiscal Years 2 and 3. Round to one decimal place. Fiscal Year 3 Fiscal Year 2 b. Determine the return on stockholders' equity for East Point for fiscal Years 2 and 3. Round to one decimal place. Fiscal Year 3 Fiscal Year 2 c. The return on stockholders' equity is the return on total assets due to the use of leverage. d. During fiscal Year 3, East Point's results were, compared to the industry average. The return on total…
Account$ 51,000Accounts payable$33, 700 Land Notes payable49,000Accounts receivable 71, 2000perating expenses 102,000Building86, 500Prepaid insurance3.100Cash3, 200Service revenue172.000Equipment35, 700Unearned revenue 3,000J. Koizumi, capitalJ. Koizumi, drawings99, 0004, 000(c) Determine the amount overKoizumi Kollections has the following alphabetical list of accounts and balances at July 31. 2017:
Saved e Quiz: Accounting for Current Liabi... A Required information Knowledge Check 01 The records of Pippins, Incorporated, included the following information: Net sales 475,000 Gross margin Interest expense Income tax expense Net income 000'0 000'0 Compute the times interest earned ratio, rounded to the nearest decimal. O 4.8 O 6.4 O7.4 O 20.0 *********** II F3 F5 F6 F8 F4 #3
so X G print scre x 10 items 30.7196 ngagenow.com/ilrn/takeAssignment/takeAssignment Main.do?invoker=&takeAssignmentSession Locator-&inprogress- @ 2 Account Cash Accounts Receivable Office Supplies Prepaid Insurance Equipment Van Net Income and Change In Owner's Equity Wilhelm Kohl started a business in May 20-- called Kohl's Home Repair. The trial balance showing balances for the month of May are shown. Kohl's Home Repair Trial Balance May 31, 20- Accounts Payable Wilhelm Kohl, Capital Wilhelm Kohl, Drawing Service Fees Rent Expense Wages Expense Phone Expense Gas and Oil Expense Totals ngage.com/help/cnowv2/student/ 10,240 → Debit Credit Balance Balance 43 2,600 # 200 1,000 7,000 8,000 southter X 4,000 800 Print hom 700 4,000 20,000 Required: Determine the following information. Use the format provided below. 1. a. Total revenue for the month b. Total expenses for the month c. Net Income for the month 2. Wilhelm Kohl's original investment in the business 10,900 Check My Work 5 mare…
10 (Sales revenue 000 Cost of goods sold Rent 008.0 Wages TESSA 080 Insurance 000 General Expenses Equipment Inventory Motor Vehicles Accumulated depreciation - Equipment - Motor Vehicles Trade receivables Trade payables Cash at Bank 000 £ Jean runs an export business. The following balances were extracted from her Dr ($) books on 31 December 2019. nogmi to sconieua orl ni el gribs17 ortal. 870S onlL OE no alood all mail belastxe oww seonclad Cr ($) 135,600 000 Capital 20 Drawings ore Mortgage Loan due 1 January 2030 Discount received 308 008 1. 2. 3. (a) 000 a (b) 76 840 elad 11,500 zeta2 6,700 to 163 5,450 Dai smoon2,600 immo Boho 44,000 ogsW 5 800 In 28,000 albiri eloirie V 10JoM no nollsloeiqod bal Inemplup3 no noitsipengee REQUIRED zoldavisos obait to Insrlegm 3,470 agidays 7,980 2oldavians aba enswoll 60 met BTOR 2,500 194,840 ini Additional information: Issued a cheque, $1 750 to a supplier for a full settlement of $2 000. 19 WC boo A credit customer returns $1 200 worth of…
Calculate net profit Details Debit(OMR) Credit(OMR) General expenses 11700 Prepaid Rent 5100 Cost of goods sold 99700 Salaries 9300 Depreciation 1560 Account Payable 3575 Net Sales 150000 Other income 2500 Select one: a. OMR 34715 b. OMR 30240 c. OMR 39815 d. OMR 31140
CengageNOWv2 | Online teachin X * CengageNOWv2 | Online teachin x+ v.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker%3D&takeAssignmentSessionLocator=&inp Return on Total Assets A company reports the following income statement and balance sheet information for the current ye Net income $382,880 Interest expense 67,570 Average total assets 5,850,000 Determine the return on total assets. If required, round the answer to one decimal place. 6.5 X % Feedback Y Check My Work Divide the sum of net income and interest expense by average total assets. Check My Work All work saved. Email Instr
it View History M faith@.. tems 37.66% ··· Bookmarks Window AOL Ma.... B E C eBook U Sales Mail - F... Cost of goods sold Help Operating income Expenses: Selling expenses Administrative expenses The following multiple-step, income statement was prepared for Carlsbad Company contains errors: CARLSBAD COMPANY Income Statement For the Year Ended February 28, 2018 Delivery expense Total expenses Other expense: Interest revenue Gross profit R V Portal h... Check My Work 10 more Check My Work uses remaining. % G Chapter... B v2.cengagenow.com Prepare a corrected income statement for Carlsbad Company for the year ended February 28, 2018. Carlsbad Company Income Statement 6 $ 1,800,000 1,350,000 112,500 H C Cengag.. 9,495,000 (5,962,500) $3,532,500 (3,262,500) 270,000 90,000 $180,000 All work saved. N MacBook Pro ** W Activity... 8 M FA 9 K Save and Exit Submit Assignment for Grading 1
g In | Federa x M UMassD Logor X EQuickLaunch -x K myCourses Da: x Univ of Mass - X * Cengage Die education.com mework i Saved View transaction list Journal entry worksheet 1 4 6 7 8 9. 10 cearch 近