Adam is a Graduate who was intending to fire up his own business not long after his examinations in Business Management. He accomplished his objective by firing up Adam Enterprise on 01/07/2020 and finished the accompanying exchanges during the month. 01/07 Invested $25,000 in real money. 01/07 Employed an assistant and consented to pay $1,500 fortnightly. 03/07 Paid quarterly place of business lease $3,300. 03/07 Paid for office PCs $4,400. PCs are required to stay in help for a very long time. 04/07 Purchased office furniture using a loan $2,000. The furniture should keep going for a very long time. 05/07 Purchased supplies using a loan, $1,000, terms 2/10, n/30. 08/07 Performed administrations for a customer using a loan $ 1,000. 11/07 Received a settlement ahead of time of $500 for an assistance to be performed. 12/07 Performed administration for a customer and got cash $2,000. 14/07 Paid for the provisions bought on 05/07. 16/07 Sent a receipt for a customer for administrations delivered $ 500. 17/07 Paid utility costs $250. 18/07 Adam spent $ 500 for his birthday celebration which was supported by Adam Enterprise. Required: Prepare the accompanying for 30/07/2020. (a) Journal passages (30.5 imprints) (b) Cash Ledger (4.5 imprints) (c) Statement of Financial Performance (Income Statement) (10 imprints) (d) Statement of Changes in Equity (2 imprints) (e) Statement Financial Position (Balance sheet) (20 imprints) ACT501 Accounting Principles, Mid-term composed task, Semester 1, 2021. Page 3 of 4 QUESTION 02 (11 imprints) On May 31, 2020, Cullen Company had a money total for every books of $14,000. The bank proclamation showed a total of $42,500 on that day. An examination of the assertion with the Cash account uncovered the accompanying realities. 01. A $ 14,500 check which was saved on 30/05/2020 was not recorded in the bank proclamation. 02. A $50,000 note receivable was gathered by the bank. 03. Two checks for $15,000 and $20,000 which were given for providers were not introduced to the bank yet. 04. A $32,000 checks which was gotten by a client was kept in the bank on 26/05/2020 has been skiped. 05. The assertion incorporated a Debit notice $500 and a standing request installment $9,500 for a life coverage. (a) Show the changed bank balance according to books as at 31/05/2020. (8 imprints) (b) Prepare the bank compromise for the long stretch of May. (3 imprints) QUESTION 03 (15 imprints) On 01/03/2020 Gavin opened a fixed shop and the accompanying exchanges happened. Show the effect of these exchanges under the bookkeeping condition. You may have these segments under the condition. Plant and Equipment, Inventory, Receivables, Cash, Payables, different payables, Capital, Retained profit 01/03 Gavin put $6000 in real money and $500 worth of furniture 01/03 Purchased fixed for $3000 for cash. 03/03 Sold $1500 fixed for cash and the expense of fixed was $1000. 04/03 Sold $2000 fixed using a loan to Sarah. The expense of fixed was $1500. 04/03 Purchased fixed using a credit card $4000. 05/03 Sold $2800 fixed using a credit card to Alex and the expense of fixed was $3000 10/03 Received the installment from Sarah. 15/03 Sold fixed for cash $1200 and the expense was $1500 15/03 Paid compensations for the aide $ 1000 27/03 Alex paid the sum due. 28/03 Payment was settled with pertinent to the buy on 04/03. 30/03 Rent for the month was $400 and paid $300. ACT501 Accounting Principles, Mid-term composed task, Semester 1, 2021. Page 4 of 4 QUESTION 04 (7 imprints) Hay Traders set up a $150 trivial money store for little consumptions. Roughage chose to recharge the record when the total reach $80. The accompanying exchanges happened in the initial fourteen days of the period of March 2020. Date Voucher No. Portrayal Amount $ 04/03 01 Entertainment cost 50 06/03 02 Stamp and wrap costs 10 06/03 Cleaning fluids and other cleaning cost 15 07/03 04 Miscellaneous cost 5 10/03 05 Postage 10 12/03 06 Traveling cost 20 13/03 07 Freight out 30 Required:

1. Show the diary sections to build up the frivolous money fund.2 marks)

2. Show the diary sections to renew the asset. (2 imprints)

3. Show the diary passages accepting that a choice was made to build the asset to $200. (2 imprints)

4. Set up the frivolous money book for Hay Traders, with proper examination sections to consolidate the exchanges appeared previously

QUESTION 2 Which of the following describes a sampling distribution? O a. distribution of individual responses in a single sample O b. distribution of individual responses in a population O c. probability distribution of individual responses in a single sample O d. probability distribution of a sample statistic QUESTION 3 Knowledge of the sampling distribution of a statistic enables researchers to a. draw a smaller sample than ordinarily would be necessary. b. estimate the probable margin of error (MoE) of a sample statistic. c. calculate the population value. d. calculate the difference between a population value and a sample estimate.Question 6 (2 points) A(n) distribution allows one to make probability statements about individual members of a population whereas a(n) distribution allows us to make probability statements about a statisticQuestion Completion Status: QUESTION 3 The sampling distribution of a statistic gives all the values a statistic can take O gives the probability of getting each value of a statistic under the assumption it had resulted due to chance alone is a probability distribution O all of these 3 points Save Arriwer QUESTION 4 Assuming that the population mean is 47.2 and the population deviation is 6.4, what is the zobt value for a sample mean of 52.1 if N = 8? O 1.96 O 2.17 O 1.73 0.77 3 points Save Answer Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers Save and SubmitThe following 4 questions [37 to 40] are based on the following situation: If a = 0.02 and B = 0.25, complete the following questions by inserting the appropriate probability of each outcome. 37. the statistical decision is to reject the null, and Ho is really true lie. the probability of a Type I error is ..1 38. The statistical decision is to fail to reject null, and Ho is really true lie: the probability of a correct decision in this case is.. 1 39. The statistical decision is to reject the null, and He is really false lig: the Power is..1 40. The statistical decision is to fail to reject the null, and Ho is really false file: the probability of a Type II error is 1