From the completed worksheet in Exercise 4-4, prepare: a. An income statement for December b. A statement
Question:
a. An income statement for December
b. A statement of owner’s equity for December
c. A balance sheet as of December 31, 2014
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 85% (7 reviews)
a J TRENT INCOME STATEMENT FOR THE MONTH ENDED DECEMBER 31 2014 b J TRENT STATEM...View the full answer
Answered By
Muhammad Salman Alvi
Well, I am a student of Electrical Engineeing from Information Technology University of Punjab. Just getting into my final year. I have always been good at doing Mathematics, Physics, hardware and technical subjects. Teaching profession requires a alot of responsibilities and challenges.
My teaching experience started as an home tutor a year ago. When I started teaching mathematics and physic subjects to an O Level student. He was about 14 years old. His name was Ibrahim and I used to teach him for about 2 hours daily. Teaching him required a lot of patience but I had to be polite with him. I used to give him a 5 min break after 1 hour session. He was quite weak in basic maths and calculation. He used to do quite a lot of mistakes in his homework which I gave him weekly. So I decided to teach him basics from scratch. He used to say that he got the concept even if he didn't. So I had to ask him again and again. I worked on his basics for a month and after that I started taking a weekly test sesions. After few months he started to improve gradually. Now after teaching him for about a year I can proudly say that he has improved alot. The most important thing was he managed to communicate all the difficullties he was facing. He was quite capable and patient. I had a sincere desire to help him reach to its full potential. So I managed to do that. We had a very good honest relationship of a student and a teacher. I loved teaching him as a tutor. Now having an experience of one year teaching I can read students quite well. I look forward to work as an online tutor who could help students in solving their all sort of difficulties, problems and queries.
4.90+
29+ Reviews
43+ Question Solved
Related Book For
College Accounting A Practical Approach
ISBN: 978-0132564441
11th Canadian Edition
Authors: Jeffrey Slater, Brian Zwicker
Question Posted:
Students also viewed these Accounting questions
-
From the completed worksheet in Exercise 4A-4, prepare In Exercise 4A-4 a. An income statement for October. b. A statement of owners equity for October. c. A balance sheet as of October 31,201X. ....
-
From the completed worksheet in Exercise 4B-4, prepare In Exercise 4B-4 A. An income statement for October. b. A statement of owners equity for October. c. A balance sheet as of October 31,201X. J....
-
A summary of the December 31, 2013 balance sheet of Masonite Tires follows: On January 1, 2014, Masonite purchased 2,000 (20 percent of the outstanding common shares) shares of Bingo Boots for...
-
Tubby Toys estimates that its new line of rubber ducks will generate sales of $7 million, operating costs of $4 million, and a depreciation expense of $1 million. If the tax rate is 35%, what is the...
-
In a completely randomized design, 12 experimental units were used for the first treatment, 15 for the second treatment, and 20 for the third treatment. Complete the following analysis of variance....
-
Lansbury Inc. had the statement of financial position shown below at December 31, 2018. During 2019, the following occurred. 1. Lansbury Inc. sold part of its investment portfolio for $15,000. This...
-
Describe the risks in systems development. Summarize the difficulties posed by the following: requirements definition, requirements changes, scheduling and budgeting, changing technology, and...
-
What methods could JAL and AA use to divide revenue and expenses on code-shared routes?
-
On April 1 , Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month. April 2 Nozomi invested $ 4 3 , 0 0 0 cash and computer...
-
ABC Inc. entered into an agreement with a customer on April 1 to provide accounting services starting immediately. ABC Inc. charges $900 a month for these services, and the customer agrees to pay ABC...
-
From the following trial balance and adjustment data, complete a worksheet for J. Trent as of December 31, 2014: a. Amortization expense, store equipment, $2.00 b. Insurance expired, $1.00 c. Store...
-
The following is the trial balance for Jills Fitness Centre of Etobicoke for December 31, 2013. Given The following adjustment data on December 31: a. Fitness supplies on hand, $900 b. Amortization...
-
The data shown are the total compensation (in millions of dollars) for the 50 top-paid CEOs for a recent year. Compare the averages, and state which one you think is the best measure. Find the a....
-
As a project manager it is important to utilize the right tool at the right time. When it comes to managing quality on projects, this is no exception. Identify three 'Total Quality Tools' that you...
-
Describe 2 change models that you could use to create change in an organization. Choose 1 of the models that you think would be most successful in an organization, and analyze reasons why you chose...
-
During the current year, Rothchild, Inc., purchased two assets that are described as follows. Heavy Equipment Purchase price, $375,000. Expected to be used for 10 years, with a residual value at the...
-
Regarding the Mozilla case, assume that Communities of Practice start to arise spontaneously around topics that are related to the visualizations in the Portal at Mozilla. What do you think is the...
-
Regarding Issues That Affect Recruitment, how would you proceed as the assistant superintendent for human resources in a school district that is experiencing a shortage of qualified applicants for...
-
What are the major risks faced by insurance companies?
-
(a) What do data breach notification laws require? (b) Why has this caused companies to think more about security?
-
On a day-to-day basis, how can we tell when to use a group to do something or when to allow an individual to do something?
-
Using the information from Problem 8A-4, please complete a Form 940 for Smiths Sporting Goods for the current year. Additional information needed to complete the form is as follows: In Problem 8A-4,...
-
Using the information from Problem 8A-4, please complete a Form 940 for Smiths Sporting Goods for the current year. Additional information needed to complete the form is as follows: In Problem 8A-4,...
-
For the biweekly pay period ending on April 10 at Clarks Pet Store, the following partial payroll summary is taken from the individual employee earnings records. Use it to do the following: 1....
-
DOLLAR TREE GROCERY OUTLET Short-Term Liquidity 2021 2022 2021 2022 Current Ratio 1.35 1.51 1.86 1.67 Quick Ratio 0.24 0.15 0.63 0.42 Cash Ratio Cash Conversion Cycle 34.78 45.75 19.41 21.61 Days...
-
A family has a $117,443, 25-year mortgage at 5.4% compounded monthly. (A) Find the monthly payment and the total interest paid. (B) Suppose the family decides to add an extra $100 to its mortgage...
-
Comparing the actual and planned cost of a consulting engagement completed by an engineering firm such as Allied Engineering.
Study smarter with the SolutionInn App