Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

* 1/1/2021. Notes payable ar. Int. payable Dr. CASH Good cr. Soo/coo 6250 50625o. @ 6 141/2021. Accounts payable Dr. Cash. 1200000 1200000 CY. 20/3/2021

image text in transcribed
image text in transcribed
* 1/1/2021. Notes payable ar. Int. payable Dr. CASH Good cr. Soo/coo 6250 50625o. @ 6 141/2021. Accounts payable Dr. Cash. 1200000 1200000 CY. 20/3/2021 woles payable or Interd. pay able Dr. cash CV. 1000000 30,000 1030000 @ 1/5/2001 Notes payable or. Int. payable dr. CASH 2000/000 128 333 2128 333. CV. 11 PART I In 2020 carro eapwatan raised and exeated a liabilities of : noles payable (Il months) 2000,000 & Noles payable. LG " 1000000 3 Noles payable (3 5000 eash flow . 3,5001000 3500.000 Created against cost of 164583 Accounts payable 1 200 000 total kab (CL) 4700 000 Implication on cash: eAsh Receed (NP). 3500/000 CASh. u Cale) (1200,000)(1.44 = 1368,000 4868 000 Cash paid = 4700,000+ 164583 4864 583 Surplers created from (AP) + 3417 Related equations to the Cirvent liab: Equations : 1. Net warking capital = CA- cL 2. Current Rutio (CR) = CA min=1, m=2 under Nwe = CR- 6 Net trade ceelel (NTC) = ne- AIR for the 1 Exercise 10:02. (NON - text the following information was derived from the records of Amman Enterprise Last 4 years: YR Yz 43 Y4 . en cm) 14 13 18 21 CL (m) 09 16 ALP (m) 04 07 09 AIR (m) 08 09 10 12 Required: (A) Produce trend analysis an The shart-tann perfamance of the Enterpe 7. and net trade credil (NTC)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing And Assurance A Case Studies Approach

Authors: LexisNexis

7th Edition

0409343943, 978-0409343946

More Books

Students also viewed these Accounting questions

Question

What is one of the skills required for independent learning?Explain

Answered: 1 week ago