Answered step by step
Verified Expert Solution
Question
1 Approved Answer
is that ok now ? , you can also use a magnifier on your device .guess.... Thankss LAUNCH: August 14th / DELIVERY: August 23, 2020,
is that ok now ? , you can also use a magnifier on your device .guess.... Thankss
LAUNCH: August 14th / DELIVERY: August 23, 2020, 23:59CET Via Turnitin on Moodle. Submission file format: Excel document with all the answers, clearly identifying all steps, results, journals and including comments besides each answer. 1) Find which is the cash balance and identify the rest of accounts expressing by marking with an X if it is an Asset, a Liability, Revenue or expense. (40 points) cosis doods Kocourts Partie 10.00 Property plant and equipmore con SO Rare LTD Depreciation 2170.100 OG 1500 31.72 Account inversores Once Total 2) Business Case 60% Daniel, opened a retail nuts store on December 1, current year. The following are the business transactions for December Des Daniel invested 280.000 cash in the business in exchange for 1.000 shares of capital stock A state was purchased for 500,000. A cash payment of ex0.000 was made at the time of the purchase, and Date payable wasised for the remaining balance. The hote has an interest expense of salto be paid at the end of each year De Office future was purchased for 45,000 cash. The fariture is planned to be replaced for new in 5 years Dec. 10 Acquired 1000kg of pistachios for each. The invoice is due in 15 days Dec. 15 Contracted and paid an insurance policy for the next year, until Dec 15 of next year, for an amount of Der 4 Dec. 16 Dec. 27 Sold 500 kg of pistachios at a price of C100 per kg A ESSO invece was received for several legal consulting fees placed in December. The entire amount is due Paid employees (2.200 for salaries camed in December 1. Prepare journal entries (including explanations) for each transaction and T accounts. 2. Prepare a Trial Balance 3. Is the company profitable according to your knowledge? LAUNCH: August 14th / DELIVERY: August 23, 2020, 23:59CET Via Turnitin on Moodle. Submission file format: Excel document with all the answers, clearly identifying all steps, results, journals and including comments besides each answer. 1) Find which is the cash balance and identify the rest of accounts expressing by marking with an X if it is an Asset, a Liability, Revenue or expense. (40 points) cosis doods Kocourts Partie 10.00 Property plant and equipmore con SO Rare LTD Depreciation 2170.100 OG 1500 31.72 Account inversores Once Total 2) Business Case 60% Daniel, opened a retail nuts store on December 1, current year. The following are the business transactions for December Des Daniel invested 280.000 cash in the business in exchange for 1.000 shares of capital stock A state was purchased for 500,000. A cash payment of ex0.000 was made at the time of the purchase, and Date payable wasised for the remaining balance. The hote has an interest expense of salto be paid at the end of each year De Office future was purchased for 45,000 cash. The fariture is planned to be replaced for new in 5 years Dec. 10 Acquired 1000kg of pistachios for each. The invoice is due in 15 days Dec. 15 Contracted and paid an insurance policy for the next year, until Dec 15 of next year, for an amount of Der 4 Dec. 16 Dec. 27 Sold 500 kg of pistachios at a price of C100 per kg A ESSO invece was received for several legal consulting fees placed in December. The entire amount is due Paid employees (2.200 for salaries camed in December 1. Prepare journal entries (including explanations) for each transaction and T accounts. 2. Prepare a Trial Balance 3. Is the company profitable according to your knowledgeStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started