900 07/18 1‚500 Bal. 7/31 5‚400 07/20 2‚000 Common Stock 07/31 290 07/01 12‚000 07/31 600 Bal. 7/31 12‚000 Bal. 7/31 5‚410 Equipment Accounts Receivable 07/01 8‚000 07/12 3‚700 07/21 1‚600 Bal. 7/31 8‚000 07/25 2‚500 Prepaid Insurance Bal. 7/31 4‚600 07/05 1‚800 Cleaning Supplies Bal. 7/31 1‚800 07/03
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| Accounts Payable | 3900 | | | | Service Revenue | | 3900 | | | (to record service revenue earned but not paid) | | | B. Cash Accounts Receivable Bal. Jun 1 6850 Bal. Jun 1 7000 Bal. Jun 30 6850 Jun 30 Dr 3900 Bal. Jun 30 10900 Prepaid Insurance Supplies Bal. Jun 1 2880 Bal. Jun 1 2000 Jun 30 Cr
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AIMS OF THE PROJECT The aims of this S.B.A project are: 1) It gives Full Corporation and decision making among students so they can be involved in the actual operation of a small business. 2) It gives students great experience in recording‚ analyzing‚ interpreting and communication accounting information. Page 2 LIST OF TRANSACTIONS 1ST TRANSACTION: 2013 September 1 – The business commenced with following assets and liabilities: Cash - $10000 Bank - $30000 Motor Van - $6000
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Chapter 2 Review of the Accounting Process AACSB assurance of learning standards in accounting and business education require documentation of outcomes assessment. Although schools‚ departments‚ and faculty may approach assessment and its documentation differently‚ one approach is to provide specific questions on exams that become the basis for assessment. To aid faculty in this endeavor‚ we have labeled each question‚ exercise and problem in Intermediate Accounting‚ 7e with the following
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NAME Week 2‚ Exercise 1 November 16‚ 2014 XACC/290 Week 2‚ Exercise 1 (a) 1. Stockholders invested $20‚000 cash in the business. 2. Purchased equipment for $5‚000‚ paying $1‚000 in cash and the balance of $4‚000 on account. 3. Paid $750 in cash for supplies. 4. Earned $9‚500 in revenue‚ receiving $4‚100 in cash and $5‚400 on A/R. 5. Paid $1‚500 in cash on accounts Payable. 6. Paid $2‚000 in cash dividends to stockholders. 7. Paid $800 in cash as expenses (rent). 8. Earned $450 in cash from
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Formation of the Materials Management Process Council 4 Alternatives or Options 4 Recommendations and Implementation 6 Recommendations 6 Implementations 6 Monitor and Control 7 Reference 8 Executive Summary Boeing Australia limited (BAL) is the global extension firm of the Boeing Company in US‚ with operations in 12 locations around Australia and major business in areas of space and communications‚ site management‚ upgrade and maintenance of military aircrafts‚ and commercial aviation
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Blood Alcohol Level (BAL) MONITORING The amount of alcohol in your blood stream is referred to as Blood Alcohol Level (BAL). It is recorded in milligrams of alcohol per 100 milliliters of blood‚ or milligrams percent. For example‚ a BAL of .10 means that 1/10 of 1 percent (or 1/1000) of your total blood content is alcohol. When you drink alcohol it goes directly from the stomach into the blood stream. This is why you typically feel the effects of alcohol quite quickly‚ especially if you haven’t
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Question 1 What challenges confronted BAL in 1993? 1. Economic forces By the 1990s‚ the Indian economy was undergoing structural change‚ and imports were largely unregulated. Since 1990‚ consumers had felt the pinch of recession‚ inflation had averaged 13%‚ interest rates had shot up‚ and consumer purchasing power had dropped considerably. In 1993‚ demand for two-wheelers had declined substantially‚ the Indian two-wheeler vehicle industry suffered from chronic overcapacity due to the economic
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Dividends + Earnings Bal. 25‚000 30‚000 5‚000 50‚000 18‚000 35‚000 57‚000 a. + 15‚000 + 15‚000 Bal. 40‚000 30‚000 5‚000 50‚000 18‚000 50‚000 57‚000 b. – 20‚000 + 20‚000 Bal. 20‚000 30‚000 5‚000 70‚000 18‚000 50‚000 57‚000 c. – 3‚000 Bal. 17‚000 30‚000 5‚000 70‚000 18‚000 50‚000 57‚000 d. + 22‚000 Bal. 17‚000 52‚000 5‚000 70‚000 18‚000 50‚000 57‚000 e. – 13‚000 – 13‚000 Bal. 4‚000 52‚000 5
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| PRINCIPLES OF ACCOUNTS | | CHARLES ENTERPRISES | Performance of Charles Enterprises over a three month period. | | Name: Akima Charles | Teacher: Mr. Randy Boyke Cadet School: St Joseph Convent St George’s Registration number: School number: Due date: 18/02/2011 | | TABLE OF CONTENTS Topics Page # Introduction--------------------------------------------------------------------------------
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