From the following account balances of Josland at 31 December 20X2 prepare a balance sheet in both
Question:
From the following account balances of Josland at 31 December 20X2 prepare a balance sheet in both T-format and narrative classified format.
Transcribed Image Text:
Cash at bank $113 500 Accounts receivable (net) 52 400 Inventory 92 000 Prepayments 11 300 Vehicles Buildings Intangible assets 44 600 225 700 72 000 Accounts payable 32 000 Loans & borrowings 130 000 Provision for staff leave 52 000 Share capital 320 000 Retained earnings ?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
Answered By
Felix Onchweri
I have enough knowledge to handle different assignments and projects in the computing world. Besides, I can handle essays in different fields such as business and history. I can also handle both short and long research issues as per the requirements of the client. I believe in early delivery of orders so that the client has enough time to go through the work before submitting it. Am indeed the best option that any client that can think about.
4.50+
5+ Reviews
19+ Question Solved
Related Book For
Accounting Information For Business Decisions Accounting
ISBN: 9780170446242
4th Edition
Authors: Billie Cunningham, Loren A. Nikolai, John Bazley, Marie Kavanagh
Question Posted:
Students also viewed these Business questions
-
A company has fixed expenses of $ 4 2 , 0 0 0 and variable expenses of $ 2 4 , 0 0 0 with sales of $ 8 0 , 0 0 0 for the 8 , 0 0 0 units sold during the period. What is the company's break - even...
-
The statement of financial position as at 31 December 20X2 of Zoom Products Ltd included: Trade receivables...............................85,360 The financial statements for the year ended 31...
-
From the following account balances of Daisy Pty Ltd as at 30 September 2013, produce a balance sheet in both the T-format and the narrative format: Cash at bank...
-
The Policy Committee of your company decides to change investment strategies. This change entails an increase in exposure to the stocks of large companies producing consumer products dominated by...
-
The components of a vector A satisfy Ax < 0 and Ay < 0. Is the direction angle of A between 0 and 90, between 90 and 180, between 180 and 270, or between 270 and 360?
-
Which of the following can be a source of resistance to change? a. Organisations b. Individuals c. Both d. Neither
-
The depression of freezing point is defined as the difference between (a) The freezing points of the pure solvent and the solution containing the volatile solute (b) The melting points of the pure...
-
Portland Products is considering the purchase of one of three mutually exclusive projects for increasing production efficiency. The firm plans to use a 14% cost of capital to evaluate these...
-
Isolation Traders paid an insurance premium of R 1 0 8 2 4 on 1 March 2 0 1 9 for 1 2 months. Upon the inspection of the pre - adjustment trial balance for the year ended 3 1 May 2 0 1 9 , the...
-
Many long-term loans are payable over a period of time. For example, when a business takes out a mortgage to finance a building, it pays off a fraction of that mortgage every month. Required: What...
-
UNeedit Sports Store, a business owned by Penny Needham, had the following assets and liabilities as at the financial years ended 30th June, 20X1 and 20X2: Required: a What is the owners equity at...
-
Since 2010, the U.S. dollar has appreciated relative to the Mexican peso. What are the direct and indirect effects on inflation? Explain.
-
16) Chris, Bob, and Matt decide to help each other study during the final exams. Chris's favorite subject is chemistry, Bob loves biology, and Matt knows his math. Each studies his own subject as...
-
Research on the Internet and identify an emerging security issue. Describe the issue and its origin. Provide an example of this new security issue. Discuss the impacts of the security issue and...
-
Security issues in today's workplace. Identify the different types of potential security issues an employer may have to deal with. Give examples to illustrate each of these potential security...
-
A resistor of an unknown resistance is placed in an insulated container filled with 0.50 kg of water. A voltage source is connected in series with the resistor and a current of 1.2 amps flows through...
-
Tree Seedlings has the following current-year purchases and sales for its only product. Units Acquired at Cost Date January 1 Activities Beginning inventory January 3 Sales February 14 February 15...
-
The accountant for Nellys Dress Shop prepared the fourth quarter 2011 cash budget that appears on the following spreadsheet. Nellys has a policy to maintain a minimum cash balance of $14,000 before...
-
The graph of an equation is given. (a) Find the intercepts. (b) Indicate whether the graph is symmetric with respect to the x-axis, the y-axis, or the origin. -3 6 -6 3 x
-
Mary Smith is the bookkeeper for Daves Distributing Company, a distributor of soft drinks and juices. Because the company is rather small, Mary performs all daily accounting tasks herself. Dave, the...
-
Wright Companys information system was developed in stages over the past five years. During the design process, department heads specified the information and reports they needed. By the time...
-
The controller of Tims Travel (TT) is deciding between upgrading the companys existing computer system or replacing it with a new one. Upgrading the four-year-old system will cost $97,500 and extend...
-
Simplify and write your answer in the form a + bi. 5 2+1
-
If the numbers -2.5, -1.6, -31, 10, and -0.5 were graphed on a number line, which would appear farthest to the left?
-
One of the regulations of the International Rugby Board (IRB) states that for a player to be eligible to play for a given country, the player's father or mother or grandfather or grandmother must...
Study smarter with the SolutionInn App