A friend who owns a small entity trading as Job's Devices Galore knows that you are studying accounting, and has asked if you would help prepare the entity's classified balance sheet statement and an income statement. To perform this task, the friend has provided you with the following list of items generated from the transactions for the year. You are required to classify each item and select the report in which the item will be presented Item Classification Report Insurance 8000 Monies owed by the business to suppliers 5600 Inventory 13200 COGS 43200 Accumulated Depreciation 6600 Monies owed to the business by customers 3220 Motor Vehicles 23800 Loan due to be paid in two years 17960 Accrued Revenue Wages owed to employees Rent paid in advance Capital 25720 Depreciation 1100 Wages 27000 Inventory 13200 COGS 43200 Accumulated Depreciation 6600 Monies owed to the business by customers 3220 Motor Vehicles 23800 Loan due to be paid in two years 17960 Accrued Revenue Wages owed to employees 1100 Rent paid in advance Capital 25720 Depreciation 1100 Wages 27000 Cash 4260 Allowance for Doubtful Debts Rent 6000 Equipment 13090 Sales 86400 N 2 The following details relate to the medical surgery of Dr Han The balance sheet at the beginning of the period is provided, along with the subsequent transactions for the week. nswered ut of 7.00 question You are required enter the numbers to . Complete the Balance Sheet for the end of the week Complete the Income Statement for the period Provide the Net Cash Flow (NCF) figure for the period. Do not use $ signs spaces, commas or decimals when entering the number. If the number is negative, then indicate this by placing a minus sign before the number e.g. - 1000 Dr Han Medical Clinic TRANSACTIONS for week ending 07/07/20 Balance Sheet as at 01/07/20 Paid cash for supplies Provided services on credit Assets 10000 Paid wages Liabilities 3000 Used supplies Owners Equity 7000 Owner withdrew cash Dr Han Medical Clinic Dr Han Medical Clinic Balance Sheet Income Statement as at 07/07/20 for week ending 07/07/20 Assets Revenues Liabilities Expenses Owners Equity profit/ -loss Net Cash Flow ONLINE TEST ered A friend who owns a small entity trading as Job's Devices Galore knows that you are studying accounting, and has asked if you would help prepare the entity's classified balance sheet statement and an income statement. To perform this task, the friend has provided you with the following list of items generated from the transactions for the year. You are required to classify each item and select the report in which the item will be presented stion Item Classification Report Insurance 8000 Monies owed by the business to suppliers 5600 Current Assets Non Current Assets Current Liabilities Non Current Liabilities Owners Equity Revenue Expense Inventory 13200 COGS 43200 Accumulated Depreciation 6600 Monies owed to the business by customers 3220 Motor Vehicles 23800 Loan due to be paid in two years 17960 Accrued Revenue 500 Wages owed to employees 1100 Rent paid in advance 510 Capital 25720 Depreciation 1100 A friend who owns a small entity trading as Job's Devices Galore knows that you are studying accounting, and has asked if you would help prepare the entity's classified balance sheet statement and an income statement. To perform this task, the friend has provided you with the following list of items generated from the transactions for the year. You are required to classify each item and select the report in which the item will be presented Item Classification Report Insurance 8000 Monies owed by the business to suppliers Balance Sheet Income Statement 5600 Inventory 13200 COGS 43200 Accumulated Depreciation 6600 Monies owed to the business by customers 3220 Motor Vehicles 23800 Loan due to be paid in two years 17960 Accrued Revenue Wages owed to employees 1100 Rent paid in advance 510 Capital 25720 Depreciation 1100
