Complete Problem 4-8A. P4-8A Dana La Fontsee opened Pro Window Washing Inc. on July 1‚ 2012. During July the following transactions were comple July 1 Issued 12‚000 shares of common stock for $12‚000 cash. 1 Purchased used truck for $8‚000‚ paying $2‚000 cash and the balance on account. 3 Purchased cleaning supplies for $900 on account. 5 Paid $1‚800 cash on 1-year insurance policy effective July 1. 12 Billed customers $3‚700 for cleaning services. 18 Paid $1‚000 cash on amount owed
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Chapter 3 Adjusting Accounts and Preparing Financial Statements QUESTIONS 1. The cash basis of accounting reports revenues when cash is received while the accrual basis reports revenues when they are earned. The cash basis reports expenses when cash is paid while the accrual basis reports expenses when they are incurred (and matched with revenues they generated). 2. The accrual basis of accounting generally provides a better indication of company performance and financial condition than
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Kimmel‚ Accounting 5th edition CCC3 CONTINUING COOKIE CHRONICLE SOLUTION Continuing Cookie Chronicle (Note: This is a continuation of the Cookie Chronicle from Chapters 1 and 2.) CCC3 In November 2009 after having incorporated Cookie Creations Inc.‚ Natalie begins operations. She has decided not to pursue the offer to supply cookies to Biscuits. Instead she will focus on offering cooking classes. The following events occur. Nov. 8 Natalie cashes in her U.S. Savings Bonds and receives $520‚ which
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Ramabai Ranade The late Smt. Ramabai Ranade - whose birth centenary was celebrated in India on January 25‚ 1962 - was born in January 1862 in a small village in Sangli District near Pune. Her father had not imparted education to her. Educating Girls was a taboo in those days. As a little girl of 11 years she was married to Shri Mahadev Govind Ranade‚ a pioneer in the social reform movement. He devoted all his apparel time to educate her in face of all opposition of the women in the house and helped
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Chapter 2 Recording Business Transactions √ Quick Check Answers: 1. a 3. b 5. d 7. d 9. c 2. c 4. c 6. a 8. a 10. b Explanations: 3. b. Owner’s equity is $130‚000 ($50‚000 + $60‚000 + $200‚000 – $80‚000 – $100‚000). 7. d. Supplies balance is $1‚200 ($500 + $700). The payment of accounts payable does not affect supplies. 9. c. Ending equity is $70‚000‚ computed as follows: Beginning owner’s equity…….. $ 50‚000 Add: Net income: Revenues……………….. $110‚000
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| Revenue reserve | Retained Profit | Total | | RM’000 | RM’000 | RM’000 | RM’000 | Bal b/d | 100‚000 | 20‚000 | 49‚000 | 169‚000 | Total comprehensive income | - | (9‚000) | 50‚900 | 41‚900 | Dividend | | | (13‚600) | (13‚600) | Rights issue | | | | 5‚000 | Bal c/d | 105‚000 | 11‚000 | 86‚300 | 202‚300 | WORKINGS W1: Administrative cost | RM | W2: Other operating expenses | RM | Bal. as per t. b. | 44‚400 | Research cost | 2‚800 | Audit fee | 100 | Development cost | 4
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Introduction: Subramaniya Bharathi the Poet of Tamil Nationalism & Indian Freedom "He who writes poetry is not a poet. He whose poetry has become his life‚ and who has made his life his poetry - it is he who is a poet." - Bharathy Mahakavi Subramaniya Bharathi was born on 11 December 1882 in Ettiyapuram in Tamil Nadu. Bharathi died on 11 September 1921. In a relatively short life span of 39 years‚ Bharathi left an indelible mark as the poet of Tamil nationalism and Indian freedom. Bharathi’s
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strength demonstrated by ® shoulder abd. 50%‚ ® shoulder flexion 45 degrees‚ ® elbow flexion 105 degrees‚ ® elbow extension -42 degrees. 2. Pt. to safely transfer to all functional surfaces with SBA. 3. Pt. to improve standing bal. to F+ 4. Pt. to perform UB ADLs with min A. (may require assistive technology) Activities Various Thera band exercises to increase UE strength. This will increase functional strength‚ flexion‚ extension‚ and also aid pt. with
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To get an understanding and feel of the process of accounting‚ let us go through an example of an organisations accounting consisting of a few transactions during an accounting period. Following are the transactions relating to M/s Trinity Foods‚ over an accounting period from 1st June 2005 to 30th June 2006. ▪ Started business with Capital Tk. 1‚00‚000 ▪ Paid into Bank Tk. 10‚000 ▪ Bought Furniture and paid cash Tk. 25‚000 ▪ Bought goods for cash Tk. 50‚000 ▪ Bought
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CHAPTER 5 Merchandising Operations ASSIGNMENT CLASSIFICATION TABLE | | | | |Brief | | | |A | |B | |Study Objectives | |Questions | |Exercises | |Exercises | |Problems | |Problems | | | | | | | | | |
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