Tell me the current assetsAnd non-current assetsAnd current liabilitiesAnd non-current liablities And priprietosrship in the photo DateThe unadjusted trial balance of All Clean Laundry Shop as of December 31,AlyssaMayNameScorepr2.Course and SectionPr3.All Clean Laundry ShopTrial Balancegiven as follows:La4.December 31, 2020DebitACreditP 510,000CashD240,000Accounts ReceivableAllowance for doubtful accountsPrepaid RentPrepaid InsuranceLaundry SuppliesDelivery TruckAccumulated Depreciation Del. TruckLaundry EquipmentAccumulated Depreciation Laundry Equip.FurnituresAccumulated Depreciation FurnituresAccounts PayableNotes Payable - BankUnearned Laundry IncomeOcampo, CapitalOcampo, WithdrawalsLaundry IncomeSalaries and Wages ExpenseTravel ExpenseGas & Oil Expense16,000120,00048,00036,000420,00040,000340,0007. L60,000110,0008.20,0009.100,000400,00040,000580,80010.64,000Req930,0001.213,6002.12,00024,000Advertising ExpenseUtilities ExpenseTelephone ExpenseMiscellaneous ExpenseTotals18,0006,00010,00015,200P 2,186,800P 2,186,800326420/95.6.

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Description: Tell me the current assetsAnd non-current assetsAnd current liabilitiesAnd non-current liablities And priprietosrship in the photo DateThe unadjusted trial balance of All Clean Laundry Shop as of December 31,AlyssaMayNameScorepr2.Course and SectionPr

Answer: Current assets are those assets which are expected to be realized within the period of 12…

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Accounting

Tell me the current assets And non-current assets And current liabilities And non-current liablities And priprietosrship in the photo

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter16: Accounting For Accounts Receivable

Section: Chapter Questions

Problem 8SPA: UNCOLLECTIBLE ACCOUNTSALLOWANCE METHOD Pyle Nurseries used the allowance method to record the...

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Assessment Directionis: Prepare tht journal entry fur ech trannactiun Use the follewing account rumbers for pooting vofarmmoc. Write your anawora on a noprate sheet of paper. Ansria Revenue 101 Cash 401 Service Roventae 102 Accounts Reccivable ExpenLeK 501 Salarice Expense Rent Expenne S03 Utlities Experse S04 Advertisinng Expense Miscellaneous Expenne 103 Supplica 104 Service Vahicie 502 Linbility 201 Arcounta Payaıle Owner's Equity 505 Angelie, Capital Angelie, Drowingn 301 302 Micbelle Angelie catabliahed Angelie'n Advartiaing Buoiness. The following are that trandactionn for the whole month of October 2019. Michele Angclic deposited P250,000 under the name of the buaines She aoquired a service vebkcln in the amount of F195,000 an aocount. Ot 1. She aoquired supplles for cash worth P57.000. Sho recolved Pg7,500 coalı for palnted ulgna. 10 Sho paid the nonth'a rent amounting to P25,000. 11 Sho pulnted signa for Mundo Mobile an accDunt for P170,000. 12 She pald PS5,000 on account from…
om te x O Indian X Conten X O My App X Reset F X Cengag x O Mail -E X Indian m/ilm/takeAssignment/takeAssignmentMain.do?invoker=assignments&takeAssignmentSessionLocator=assignment-take&inpro.. Q < * * eBook Show Me How Providing for Doubtful Accounts At the end of the current year, the accounts receivable account has a debit balance of $6,800,000 and sales for the year total $81,500,000. a. The allowance account before adjustment has a debit balance of $68,250. Bad debt expense is estimated at % of 1% of sales. b. The allowance account before adjustment has a debit balance of $68,250. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $575,000. c. The allowance account before adjustment has a credit balance of $45,000. Bad debt expense is estimated at % of 1% of sales. d. The allowance account before adjustment has a credit balance of $45,000. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $450,000.…
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NO. : Date : | The following was the trial balance extract from ABC Tradina as at 31 March 2019 Particulars Purchases and sales Inventory on IAprl 2018 Capital Bank overdraft Cash Discount allowad and received Return inwards and outwards Carriage outwards Office expenses Fixturos and fittings Delivery van Account receivables and account payab les Rent and insurance Credit CRm) 41,000 Debit CRM) 22/860 5, 100 8,170 4,300 140 1.440 790 2/180 930 570 450 1/210 2,000 IL, 900 1.790 6,720 Drawings Wages and Sal aries Total 2,850 8,980 611690 61.690 Additional information as at 31 March 2019 : ca) Inventory on 31 March 2019 was (b) Wages and salaries accrued as at 31 March 2019 was Rm210 ; Outstanding office expen ses was RM 30 Cc) Rent and insurance prepaid was km 150 RM 4250 Raquired: (1) Preapare the Statement of Piofit or Loss and Other Comprehensive Income for the year ended 31 March 2019 |(ii) Preapare statement of Financial Position as at 31 March 2019 .
The purchases journal for J. K. Insurance for the month of October is represented below. Accounts Payable is account number 202 and Purchases is account number 501. PURCHASES JOURNAL Page 5 Date Invoice No. From Whom Purchased Post Ref. Purchases Debit/Accounts PayableCredit Oct. 2 3118 Express Florist √ 3,550.00 4 3119 T. C. S. Supplies √ 2,790.00 8 3120 Auto Body Repair √ 3,850.00 9 3121 Signs Unlimited √ 4,150.00 10 3122 Dynasty Limo √ 2,380.00 15 3123 T. C. S. Supplies √ 2,150.00 18,870.00 Required: 1. Post the information from the purchases journal to the appropriate general ledger and accounts payable ledger accounts. GENERAL LEDGER ACCOUNT Accounts Payable ACCOUNT NO. 202 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT P5 ACCOUNT Purchases ACCOUNT NO. 501 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT P5 ACCOUNTS PAYABLE LEDGER ACCOUNT Auto Body Repair…
The purchases journal for J. K. Insurance for the month of October is represented below. Accounts Payable is account number 202 and Purchases is account number 501. PURCHASES JOURNAL Page 5 Date Invoice No. From Whom Purchased Post Ref. Purchases Debit/Accounts PayableCredit Oct. 2 3118 Express Florist √ 3,550.00 4 3119 T. C. S. Supplies √ 2,790.00 8 3120 Auto Body Repair √ 3,850.00 9 3121 Signs Unlimited √ 4,150.00 10 3122 Dynasty Limo √ 2,380.00 15 3123 T. C. S. Supplies √ 2,150.00 18,870.00 Required: 1. Post the information from the purchases journal to the appropriate general ledger and accounts payable ledger accounts. GENERAL LEDGER ACCOUNT Accounts Payable ACCOUNT NO. 202 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT Oct. 2 P5 fill in the blank a5cc1f014fedfa2_2 fill in the blank a5cc1f014fedfa2_3 fill in the blank a5cc1f014fedfa2_4 fill in the blank a5cc1f014fedfa2_5 ACCOUNT Purchases ACCOUNT NO. 501…
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 26
8.58: Search for Unrecorded Liabilities. The list of vouchers Shoppe at December 31 is as follows: Vendor Invoice Date Amount Hagrid Cleaning Services 11/15 4,322.43 Hermione’s Hats 12/02 2,167.76 Lockhart Magic Books 12/31 6,489.11 Malfoy Financial Consultants 12/28 23,752,63 McGonagall Veterinary Supplies 12/23 4,590.60 Moaning Myrtle’s Mystical Capes 10/14 11,529.88 Nicholas Fancy Headwear 12/29 51,268.62 Snape’s Snakes 12/28 36,152,45 Wesley’s Wands 12/28 6,400.55 Hogwart’s Rentals 12/15 53,000.00 Total Vouchers Payable 199,674.03 Checks written in the following January are: Check Payee Description Invoice Date Amount 1842 Malfoy Financial Consultants Professional Services 12/28 23,752.63 1843 Hagrid Cleaning Services October cleaning 11/15 4,322.43 1844 Hogwart’s Rentals January rent 12/15 53,000.00 1845 Lockhart Magic…
T. 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…
Pachel corpolatian re Ports the per teining vecevicable Days Past Due 3-60 followinginfamethon to iti accounts cuNent 1-30 ever90 $2500 1200. $2000 Jhe companys cradit depaltment Plovided the following statement estima ter vegarding the pocent of occounts enfc ted to eventuallyy be writtenoff form. each category current veceveiNable receivables -30 days past due listed aboue aut standing rELENables 31-ho days past due 16 feceivables 6L-G0 days Pajt due receivable Cuer 20 days due. 90 Recold the company's uncollectible account afsuming it hal expense fredit balance for in its llawance Deuhtful accounts pror to the necessaty maling endjustment.