Answer the following questions:

*If the Retained Earnings Balance of Noor Fashion Co. at 1/1/2019 was $20,000 and during the year the company's Revenue was $10,000 and the Retained Earnings Balance at 31/12/2019 was $5,000 and that was after the paid $10,000 dividends. So the company's Business result for the year of 2019 is:

NSWER: -------------------------------------------

*On 14/6/2020 a company collects $38,700 from customers for services that was performed on 1/6/2020 So the transaction entry on 14/6/2020 will be:

ANSWER: -----------------------------------------

*The following are Balances of accounts in Salsabel medical Co. at 31/12/2019: Cash $250,000/Account Receivable $72,000/Supplies $32,000/Equipment $290,000/Account payable $50,500/Retained Earnings $43500/// what was the balance of share capital-ordinary at the end of the year?

ANSWER: --------------------------------------

*At 1/1/2020 the Total Assets of Almajd saloon was $ 430,000 and total liabilities $190,000: During the year the Total Assets decreased by $ 90,000 and total liabilities increased by $15,000...So the amount of Equity at 31/12/2020 will be:

ANSWER: ----------------------------------

*A credit posting of $820 Account Payable was made Debit to Account Payable, The effect of this error on which column debit or credit and what is the amount of difference:

ANSWER: -----------------------------------

*A t 31/12/2020 if the Retained Earnings was $99,950 and during the year the Revenues was $130,000 and the total expenses $60,000, and there was no dividends... So what was the Beginning Balance of Retained Earnings?

ANSWER: ---------------------------------------------

*If the total assets of a company at 31/12/2020 was $536,700 and the following are the balances of some accounts in the company: Cash $170,000 / Account payable $ 98,300 / Account receivable $33,300 / share capital-ordinary $150,000 / Equipment balance is unknown... So the balance of equipment is:

ANSWER: -----------------------------------------------

*At the end of the year, Rami motors Co. found that it`s revenues was $ 320,000 and other comprehensive income was $ 96500 and it`s utilities expenses was $15,500/Rent expense $65,000/wages and salaries expenses $130,000. What was the amount of company`s comprehensive income?

ANSWER: -----------------------------------------

*At 1/5/2019 Al-Esra Co. purchase $150,000 Equipment on account, and in 1/7/2019 the company paid half of the amount of this transaction in cash... The entry of the transaction made at 1/7/2019 is:

ANSWER: --------------------------------------------------

*At 1/3/2020 For Moon light design Co., if equity was $370,000 and during the month of March/2020 the share capital issued was $210,000 and the net income was $50,500. So if the equity at 31/3/2020 was $520,000, then what was the amount of dividends that was paid for the month of march/2020?

ANSWER: ----------------------------------------

*One of the following transactions will cause an increase in equity balance with $500

ANSWER: ---------------------------------------------------

*When the company perform a service to their customer Mr. Rami of $85,700 and receive from Mr. Rami $35,700, and the rest of the amount was postpone to the next month, which accounts will this transaction affect and in what way(decrease or increase)

ANSWER: ------------------------------------------

*When the company pays $3,200 for advertising expenses, which accounts will this transaction affect and in what way(decrease or increase)

ANSWER: ------------------------------------------

*The entry of the transaction of investing $35,000 cash by shareholders is:

ANSWER: ----------------------------------------------