Balance $20,400 $1,580 $14,520 $10,590 $33,300 $3,220 $3,490 Salaries & Wages Expense $4,420 Rent Expense $2,690 Account Titles Blythe, Capital Insurance Expense Accounts Payable Service Revenue Equipment Supplies Expense Cash Blythe, Withdrawals Utilities Expense Bank Loan $1,740 $1,020 $7,800 $1,850 Prepaid Insurance Required Prepare Events Extraordinaire's trial balance at March 31, 2021 Do not enter dollar signs or commas in the input boxes. Events Extraordinaire

Balance $20,400 $1,580 $14,520 $10,590 $33,300 $3,220 $3,490 Salaries & Wages Expense $4,420 Rent Expense $2,690 Account Titles Blythe, Capital Insurance Expense Accounts Payable Service Revenue Equipment Supplies Expense Cash Blythe, Withdrawals Utilities Expense Bank Loan $1,740 $1,020 $7,800 $1,850 Prepaid Insurance Required Prepare Events Extraordinaire's trial balance at March 31, 2021 Do not enter dollar signs or commas in the input boxes. Events Extraordinaire

Name: Am. 299. Balance$20,400$1,580$14,520$10,590Equipment$33,300Supplies Ex
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Description: Am. 299. Balance$20,400$1,580$14,520$10,590Equipment$33,300Supplies Expense$3,220Cash$3,490Salaries & Wages Expense $4,420Rent Expense$2,690Blythe, Withdrawals$1,740Utilities Expense$1,020Bank Loan$7,800Prepaid Insurance$1,850RequiredPrepare Events E

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter4: Operating Activities: Sales And Cash Receipts

Section: Chapter Questions

Problem 1.6C

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SAMPAGUITA INSURANCE COMPANY FINANCIAL STATEMENT 2021 ASSETS Cash and cash equivalents P2,574,335 Interest receivable 132,241 Investments 12,340,312 Investment in subsidiary 529,248 Premiums due from policyholders 10,831 Policy loans receivables - net 369,607 Coverage debt receivables - net 960,404 Reinsurance assets 53,439 Property and equipment - net 415,241 Right-of-use assets - net 533,003 Deferred acquisition costs 12,455,967 Other assets - net 1,647,258 Total General Assets 32,021,886 Assets Held to Cover Linked Liabilities 106,573,549 PI 38,595,435 ROSE INSURANCE COMPANY FINANCIAL STATEMENT ASSETS Cash and cash equivalents (Note 4) P 2,177,119,101 Insurance receivables (Note 26) Financial assets (Note 5) 133,720,939 Financial assets at fair value through profit or loss (FVPL) 60,091,263,262 Available-for-sale financial assets 42,348,896,307 Loans and receivables 10,508,989,111 Accrued income (Note 7) 379,787,097 Reinsurance assets (Note 13)…
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:
Liabilities Rs Assets Rs. Expenses Unpaid: Printing etc. Repairs Cash in hand 250 80 Bank Balances Deposit A/c Current A/c Interest due Subscriptions Outstanding Equipment 360 2,090 Bonus to Groundsman 200 150 2,240 Honorariun to Secretary Capital Fund 600 1,240 20 100 Balance on 1,750 Ist Jan, Add Surplus 3,080 40 3,120 4.360 4,360 Illustration 5. Prepare Income & Expenditure Account for the year ending 31-12-2000 and Balance -Sheet as on that date from the following : Receipts and Payments Account for the year ended 31-12-2000 Receipts Rs. Payments Rs. 2,100 By Printing and Stationary By Advertisements 500 By Investment in Govt. Securities at 5% On 1 st Nov. 2000 (Interest, payable on 1st) May and Ist Nov. By Building Construction 200 By Match Expenses To Balance b/d 1,300 To Subscription 1999 (estimated at Rs. 460) 800 2000 5,000 2001 200 8,000 To Donation for Building 5,500 2,500 To Sports Material 900 To Rent 1,300 By Creditors for 1999 estimated To Entrance Fees 300 at Rs. 750,…
Balance on April 1, 2020Debtors control Dr. $65, 145Debtors control Cr. 600Creditors control Dr. 950Creditors control Cr. 75, 500Totals for the month of April 2020Cash purchases 35, 600Credit purchases 62, 600Cash Sales 47, 000Credit Sales 75, 000Contra entry: Set off 1, 800Refund to cash customers 2, 800Bad debt written off 3, 300Discount Allowed 3, 750Total payments to suppliers 87, 000Total receipt from customers 98, 800Discount received 5, 500Dishonoured cheques: customers 2, 900Increase in the allowance for bad debts 2, 100Return Inwards 2, 400Return Outwards 15, 200Balances at 30 April 2020Debtors control: Dr. ? Cr: $8 300Creditors control: Dr. $7 500 Cr: ?Required: Prepare the Sales ledger control account Prepare the Purchases control account
Accounts payable $281,700 Prepaid insurance $6,800 Property and equipment 672,500 Contributed capital 380,600 Cost of service expense 183,600 Other revenue 114,100 Supplies inventory 216,900 Deferred revenue 83,600 Service revenue 904,000 Depreciation expense 57,750 Bonds payable 229,600 Accounts receivable 607,550 Interest receivable 4,300 Rent expense 30,500 Retained earnings 187,400 Cash 351,340 Notes payable 356,040 Accrued liabilities 23,400 Investments 146,400 Prepaid rent 11,200 Accumulated depreciation 128,900 Administrative and general expense (includes interest, utilities, etc.) 64,300 Supplies expense 336,200 Income tax payable 0 Based on the following data for Checkmate Company, prepare a Statement of Retained Earnings and demonstrate that the accounting equation remains in balance after the retained earnings account has been updated. (Assume that the…
Accounts payable $281,700 Prepaid insurance $6,800 Property and equipment 672,500 Contributed capital 380,600 Cost of service expense 183,600 Other revenue 114,100 Supplies inventory 216,900 Deferred revenue 83,600 Service revenue 904,000 Depreciation expense 57,750 Bonds payable 229,600 Accounts receivable 607,550 Interest receivable 4,300 Rent expense 30,500 Retained earnings 187,400 Cash 351,340 Notes payable 356,040 Accrued liabilities 23,400 Investments 146,400 Prepaid rent 11,200 Accumulated depreciation 128,900 Administrative and general expense (includes interest, utilities, etc.) 64,300 Supplies expense 336,200 Income tax payable 0 Income tax rate is 40%Prepare adjusted trial balance and income statement
Use the following table: Case X Case Y Case Z Cash $ 940 $ 1,470 $ 1,940 Short-term investments 0 0 780 Receivables 0 1,690 1,360 Inventory 3,400 1,560 6,520 Prepaid expenses 2,600 1,020 1,460 Total current assets $ 6,940 $ 5,740 $ 12,060 Current liabilities $ 3,600 $ 1,800 $ 5,750 Required:Calculate the quick ratio in each of the above cases and select the case which is in the best position to meet short-term obligations most easily. (Round your answers to 2 decimal places.)
Fund out the credit sales- Opening debtors Rs.12000 Closing debtors Rs14000 B/R accepted by Debtors Rs. 13000 Cash received from debtors Rs 38400
EZ CASH FLOW CASH ACCOUNTS PAYABLE JOHNSON CAPITAL CASH 82.000 F 100.000 20.000 I 4.000 3.000 100.000 АСCTSREC 15.000 15.000 10.000 O 10.000 106.000 9.000 EQUIP 3.000 F 6.000 ACC DEPR 82.000 ACCTSPAY 6.000 EXPENSES REVENUE J CAP ACCOUNTS RECEIVABLE CLOSING: 20.000 20.000 3.000 30.000 REV 27.000 15.000 REVENUE 30.000 EXP EXPENSES 20.000 27.000 DEPR EXP 15.000 DEPR EXPENSE 1.000 82.000 48.000 J CAPITAL 9.000 DEPRECIATION EXPENSE EQUIPMENT 1.000 1.000 20.000 20.000 Note: enter the drawing as a debit to the capital account. There are three types of cash flows: ACCUM. DEPR EQ. 1 OPERATING: cash flows from revenues and expenses. 1.000 1.000 2 INVESTINIG: cash flows from purchasing or selling assets. 3 FINANCING: cash flows from owner's investment or withdrawals. CASH FLOW STATEMENT TRANSACTIONS-Using your pencil, write each debit and credit into the T-accounts above. Cash Flows from Operations 1 Sally Johnson invested $100,000 in her business, Sally's Consulting. 2 Sally purchased equipment…
Al-Hofuf 100000 carry-over balance 100000 100000 100000 Transferred balance i Example: The following balances are extracted from the records of Al-Yaqeen commercial stores and homework (on 31/12/2009: 1500000 Fund, 2000000 Bank, 1100000 Debtors, 700000 Receipt Papers, 4000000 Goods, 7500000 Purchases, 3500000 Returns of Purchases) 1,200,000 inbound transportation expenses 400,000 customs taxes, 10,000,000 sales, 420,000 sales returns, 60,000 discounts allowed, 500,000 furniture, 450,000 tax, 300,000 general expenses, 650,000 selling expenses, 8,500,000 creditors, 65,000 payment papers, 100,000 deduction earned, 50,000 profits from selling assets Fixed, 6 million buildings, 2,000,000 cars, 300,000 personal withdrawals, 3,000,000 long-term loans, 13,000,000 capital. If you know that the goods at the end of the period are estimated after the inventory at 4,500,000 dinars. Required: Prepare trial balance with balances. : .6
Problem 10-4 (AICPA Adapted) Os December 31, 2020, Kale Company had the following balances in the accounts maintained st First Besk Checking account #201 out 201 Checking Time deponit 1,750,000 (200,000) 250,000 Money market placement 1,000,000 90-day treasury bill du February 28, 201 180-day treasury bill, due March 15, 2001 500,000 900.000 The entity classified investments with original maturities of three months or less as cash equivalents On December 31, 2020, what amount should be reported an cash and cash equivalents? 3,400,000 & 2,000,000 2,400,000 d. 3,200,000
paper, due 1/26/x2 150,000 180-day certificate of deposit, due 3/1/x2 Tax fund 80,000 56,000 235,000 Payroll fund Plant expansion fund Sinking fund Total Cash and Cash equivalents 198,034 467,000 9,055,458 What is the correct amount of Cash and Cash Equivalents to be reported in Paulaner Co.'s 20x1 statement of financial position? b. 8,310,424 a. 8,300,661 C. 8,380,661 d. 8,390,424 3. Athena Co. held the following items on Dec. 31, 20x1: Petty cash fund (currencies and coins, P6,000) 10,000 65,000 Cash on hand (per cash count sheet on Dec. 31, 20x1) Cash in bank (per ledger) 2,890,000 Customer's check #109 - dated Dec. 29, 20x1 190,000 Customer's check #392 - dated Jan. 8, 20x2 20,000 Athena Co.'s check #567 - dated Dec. 29, 20x1 54,000 NSF check (received from the bank on Dec. 30, 20x1) 40,000 All the checks were recorded when they were collected (drawn) by a debit (credit) to the Cash in bank account. The NSF* check was recorded when it was received from the customer. However, the…