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: 75% (4 reviews)
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?
-
Why should an MNC be concerned with exchange rate movements? Examine the arguments from a shareholder, creditor, investor and director perspective.
-
Take a continuous-time framework and assume that = (t)t[0,T] is a state-price deflator. What is the Q-dynamics of ?
-
In Problem S1-8, if Wiley Publishing is able to assign probabilities of occurrence of 0.23 to unfavorable market conditions, 0.46 for the same market conditions, and 0.31 for favorable market...
-
Give an account of the main concerns related to the environment and human rights in the context of the current system of international investment treaties, and discuss how such concerns may be...
-
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...
-
Levinsons Department Store is having a special sale this weekend. Customers charging purchases of more than $50 to their store credit card will be given a special Levinsons Lottery card. The customer...
-
Claxton, Inc. paid a dividend of $ 0 . 9 5 per common share every December from 2 0 0 9 through 2 0 2 3 . The dividend is expected to continue at that level in 2 0 2 4 and 2 0 2 5 . In 2 0 2 6 and...
-
1. Who are two (2) specific examples of effective leaders (who you know personally) who have impacted your life? 2. What made them "effective" leaders? What many specific traits did these leaders...
-
pr Hwk12 Consider the differebtiable function F(x) whose instantaneous rates are given by the table of values below: I 3.00 3.50 4.00 4.50 5.00 5.50 6.00 6.50 7.00 F'(x) 21.00 27.50 35.00 43.50 53.00...
-
A stone was dropped off a cliff and hit the ground with a speed of 152 ft/s. What is the height of the cliff? (Use 32 ft/s for the acceleration due to gravity.) Step 1 We know that s(t) = 1 at + vot...
-
The 150 m long beam is submitted to a distributed load w(x) = (0.05 x 2) + 10 N/m. 50 50 w(x) 100 150 What is the moment about the point O in kN.m created by the distributed load? O-25.7 kN.m O-249...
-
Companies will sometimes develop software for either external use (for example, to sell to customers) or for internal use. Should a company expense or capitalize internally developed software? IFRS...
-
g(x) = x 5 5x 6 a. Show that g(x) = 0 has a root, , between x = 1 and x = 2. b. Show that the equation g(x) = 0 can be written as x = (px + q) 1/r , where p, q and r are integers to be found. The...
-
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...
-
An estimated 84 percent of enterprises now use cloud computing solutions involving multiple clouds, whereas less than 10 percent of large organizations employ just a single public cloud. Group of...
-
XYZ inc. was involved in a tax dispute with the national tax authority. The companys legal counsel estimates that there is a 75% likelihood that the company will lose the dispute and that the amount...
-
3 . Accounting.. How does depreciation impact financial statements, and what are the different methods of depreciation?
Study smarter with the SolutionInn App