AMBWIRE Star'13 sh 180,00 into the business account. During the onth of july, he undestakes The füllowing transet Ty 3 He purchases shep itings for ond pays sh 25,000 ly 4 He buys a mstor vehicle from ABd co on credit sh Dous Cash.
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- xamus - cdn.student.uae.examus.net/?rldbqn=1&sessi... ACCT101_FEX_2021_2_Male A company purchased merchandise on credit with terms Ac Payable if the company pays SR485 cash on this account within ten days? e18 3/15, n/3O. How much will be debited to 33 - 34 abe18ce33 b. Accounts Payable should be credited in а. 485 113:22 9 కోల С. 470.45 95abe18ce 33 d. 500 95abe18ce 95abe18ce33 95aber8ce33 95abe18ce33 95abe18ce33 95abe18ce33 MacBook Pro F3 888 F4 FS E 5 F7 67 7 V T. 8 A 9 Y 6. U 11 9.Dec. 01 Mr. Sy, owner of Sy General Services, invested P5,000 cash in the business02 Bought supplies P700 on account.03 Rendered services P1,100 on account.On December 31, 2020 Sy General Services has an estimated uncollectible 1% of itsaccounts receivable.Required:1. Journalize the transactions.2. Post the journal entries to the ledgers.3. Prepare the unadjusted trial balance.4. Prepare an adjusting journal entry.5. Prepare the adjusted trial balance.Mr Hamed having furniture manufacturing business in Ibri. Always he purchases wood (Raw materials) from Al Buraimi wood suppliers.On 1st May 2021 Mr Hamed purchased wood for OMR3000 on credit and paid OMR 1000 immediately. For the remaining amount Mr Hamed gave written promise to the supplier to pay that amount on 31st December 2021. The written promise given by Mr Hamed to the supplier is known as: O a. Short-term notes receivables O b. Short term notes payables Oc. Receipt Od. Invoice
- Illu:15 31lu:15 My Ahamad started business on JanuaryL.1936 with a capilal q Rs loco0 He took a loan Jram his wife a Rs 3,500 which he invested in planand machinery. He Kopt his books an and Hu 7ollaing are Hu Heceipts and amount fo7 he yean ended dec B, 1998 aingle entry payment Receipts To balance bld Paymeet By Salaries 15.000 200 relalid to 1997 1,000 By wages Creditors 500 1,000 debtors. cash sales 1800 6500 fice oxpenses drawings 1 Ns urane [paid up to Apirl 199 500 1200 400 12 Balancec/d 16,500 16500 Opeming dilers Mr. Ahamads deblors on jamiary , 1998 were RS 4000 and 'creditors RS 3000. is stock was valued at RS 300 as discound rom creditors duıng the year and allowed Rs 500 as discaunet to debtors Openmo RS 8,500 on Hee date he received The 7ollowing balane were als0. Lextracteel Brom hus book on delome431,1998 debtors Rs 4,500 Creditors RS 5.000 wife's toan is still unpaid Prepare He f ading and prafit and los. Account 70r Balance sheed aš at the date nesing! Stock RS9200…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 $1 200 worth of…Directions: Record the following transactions in the appropriate journals. Lloyd Gurango Co. completed the following sales transactions during the month of June 2021. A credit sales have terms of 3/10, n/30, and all invoices are dates as at the transaction date. June 1 4 7 9 13 ಈ 15 18 20 Mr. Gurango invested P52 000 of his funds in the business Sold merchandise on account to KRA Company, P32 000. Invoice number 377 Sold P46 000 of merchandise for cash. Received payment from KRA Company, fewer discounts. Received payment from LRM Trading, fewer discounts. Sold merchandise to JPT Store on account, P62 000. Invoice number 379. Collected the amount due from JPT Store. Fewer discounts. Paid the employees' wages for the month amounting to P5,000 Acquired merchandise to YMC Trading worth P15, 000 payable next month Acquired merchandise on credit from ABS Manufacturing worth P15, 000. The invoice number is 201 and the credit term is n/30
- Poss entries, Prepage ledger acourts and also o trPal balonce. 2.5.21 Storted business wrth lo0000 Y.5 21 depessted Goo00 Po book. 18-5 21 Balcofies Paid % cash 15000 17.5-81 rent Dord in cash lo000 24.5-2) Jalarics Pard though cheque 25000 30.5-21 gent Paid through chopue 1D000 . Ufgf 26T. Bryan is a retailer whose Trial Balance at 2020 December 31 is given below:DR CR$ $Purchases and Sales 72 000 119 400Returns 750Carriage Inwards 930Wages and Salaries 27 670General Expenses 4 750Cash at Bank 4 210Cash in Hand 150Premises 62 520Fixtures and Fittings 9 000Inventory at 2020 January 01 5 550Accounts Receivable and Payable 7 200 4 850Motor Vehicle at cost 13 150Provision for Depreciation onMotor Vehicle at 2020 January 01 2 630Capital at 2020 January 01 82 500Drawings 3 000---------- ----------210 130 210 130====== ======The following additional information is available:1. Inventory at 2020 December 31 was valued at $5 200.2. General Expenses of $400 paid for the year 2021.3. A debt of $200 is to be written off as bad.4. Provision is to be made for doubtful debts of 5% on Accounts Receivables (after writing offthe Bad Debt of $200) at 2020 December 31.5. Depreciation is to be provided for 2020 as follows:Fixtures and Fittings at 10% using the straight -line method; Motor…The following information relates to the books of ANTIQ Ltd for the month of March 2021. 2021 MARCH 1 Started the business with sh. 80,000 in the bank. 2 Bought goods on credit from Frank Sh. 5,500. 5 Cash sales Sh.5,100 Paid wages in cash Sh.1,100 7 Sold goods on credit to: Snow Sh.2,950 8 Goods returned by Snow Sh. 500 9. Bought goods credit from Paul Sh. 2,200 12 Goods returned to Paul Sh. 400 15 Bought shop fixtures on credit from Stop Limited for sh.7,400. 21 Paid Stop Limited by cheque Sh. 7,400 24 Snow paid us his account by cheque Sh.2,450 REQUIRED 1) Journal entries recording each of the transactions above (You may omit the narrations) 2) Draw T- Accounts and post the accounts as necessary. Close the accounts and extract balances at the end of the month. 3) Draw the Trial Balance as at 31s* March 2021.
- The following information is provided to you by Amos 31st December 2014 31st December 2015 Shs. ShsWages in arrears 60,000 67,000Insurance paid in advance 21,000 25,500Rates in arrears 7,500 NILRates in advance NIL 9,000Payments made during 2015 were; Wages Kshs. 715,000 Insurance Kshs. 43,500 Rates Kshs. 46,000 Calculate the amounts Amos should transfer to the profit and loss account for wages, insurance and rates for the year 2015.Prepare the Balance sheet extract.10 Assume that Mr Ahmed purchased OMR 3000 goods from ABC LLC on credit. He paid the entire cash to the company on 28th day from the date of purchase. Write the journal entry in the books of company for the above cash receipt. a. Dr Accounts receivables A/C and Cr Sales A/C. b. Dr Cash A/C and Cr Accounts receivables A/C. c. Dr Accounts receivables A/C and Cr Cash A/C d. Dr Purchase A/C and Cr Accounts receivables A/CLucky House Ltd Trial Balance As at 30 September 2020 Account Debit(£) Credit(£)Cash at Bank 5,850Capital Account 15,000Machine 8,100Raw Materials 2,655Stationery 250Accounts Payable 6,545Rent 950Business Insurance 38Prepayments 1,362Sales Income 17,550Cost of Goods Sold 11,345Accounts Receivable 4,500Drawings 4,000Telephone 45Depreciation 135Accumulated Depreciation 135 Total 39,230 39,230 Prepare a Statement of Profit & Loss and Statement of…