NE, lampy.une E + M C l- E Question Completion Status 9 AVAYAYAYA MV TUE Question 8 32 points Intelligent Tays, Inc (TI) is a well establish toys trading company which adopts the periodic system ITI prepares its financial statements on a monthly basis. The adjusted trial balance of ITI as at 30 September 20x1 is presented as follows $ Accounts Payable 150,600 ** your answers should include numerals only, na dollar sign ($), no comma,'. Accounts Receivable 271,160 Accumulated Depreciation - Building eg five thousand collars should be input as 5000, otherwise, no marks will be awarded 507.800 Accumulated Depreciation - Equipment 389,800 Accumulated Depreciation - Motor vehicle 982,660 Allowance for Doubtful Accounts 27,116 Bad Debt Expense 32,591 Building 6,480,000 Followings are items from the income statement Cash 643,743 for the month ended 30 September 20x1 $ $ Depreciation Expense - Building 10,800 Net Sales 435980 Depreciation Expense-Equipment 9,800 Cost of Good purchased 192200 Depreciation Exponse - Motor Vehicle 3,420 Cost of Goods available for sale 842200 Dividends Payable 335,200 Cost of Goods Sold 144200 291780 Equipment 660,000 Gross Profit Freight-in 224445 400 Total Operating Expense Freight-out 67335 500 Operating Prott 59253 Insurance Expense 1,200 Net Income Interest Expense 250 Interest Payable 250 Following is items from retained earnings statement Interest Receivable 1,050 the income statement for the month ended 30 September 20x1 Interest Revenue 1,050 $ 2.500,000 Ending Retained Earnings Long form Investment 8 9 15 18 + 222 23 29 30 MacBook Air * 80 Q 40 + ES 0 57 DIL 8 bb TO F2 M 6 16 * ) + @ @ 2 # 3 $ 4 % 5 & 7 ( 9 8 6 = o delete 1 E T W Y U u R o { [ I } 1 . 1 D S G F H L H i J K J return B N ME shift I . BE ar paly.eu ac ru + 20 M TED Ay : Question Completion Status: 1 2 3 4 5 89 Interest Revenue 1,050 Ending Retained Earnings Long-term Investment Loss on Disposal Merchandise Inventory Motor Vehicle Notes Payable Notes Receivable Prepaid Insurance Purchase Discounts 2,500,000 6,128 650,000 475,000 100,000 210,000 10,800 918 Following are the items from the statement of financial position as at 30 September 20x1 S Purchase Returns and Allowances 1,200 PPE (net book value) VAYA VAVA Purchases 193,000 TETIT Long Term Investment Current Assets Retained Earnings 208,109 TI 1 Total Assets Salaries Expenso Salarios Payable Sales Returns and Allowances 118,800 81,000 980 436,960 Current Liabilities Sales Revenue Share Capital - Ordinary 4,400,000 Equity Total Liabilities & Equity 15 Share Capital-Preference Share Premium-Ordinary Share Premium-Proteronco - Supplies Supplies Expense Treasury Shares Uneamed Rent Revenue Utilities Expense 4,000,000 1,000,000 200,000 3,000 9,040 46,000 120,000 4,800 22 29 Additional information: closing inventory at 30 September 20x1 is $698,000 MacBook Air DIL 2 80 F Q FC 0 F7 DD 9 610 Fo FY 692 3 @ # 3 $ 4 % % 5 & 7 ) O +" 2 6 00 8 9 - = delete W E R T Y U 0 0 P { [ } ] II S D ... F G J I KIL 1 return V . N M ? I M shit 1 1 H command option NE, lampy.une E + M C l- E Question Completion Status 9 AVAYAYAYA MV TUE Question 8 32 points Intelligent Tays, Inc (TI) is a well establish toys trading company which adopts the periodic system ITI prepares its financial statements on a monthly basis. The adjusted trial balance of ITI as at 30 September 20x1 is presented as follows $ Accounts Payable 150,600 ** your answers should include numerals only, na dollar sign ($), no comma,'. Accounts Receivable 271,160 Accumulated Depreciation - Building eg five thousand collars should be input as 5000, otherwise, no marks will be awarded 507.800 Accumulated Depreciation - Equipment 389,800 Accumulated Depreciation - Motor vehicle 982,660 Allowance for Doubtful Accounts 27,116 Bad Debt Expense 32,591 Building 6,480,000 Followings are items from the income statement Cash 643,743 for the month ended 30 September 20x1 $ $ Depreciation Expense - Building 10,800 Net Sales 435980 Depreciation Expense-Equipment 9,800 Cost of Good purchased 192200 Depreciation Exponse - Motor Vehicle 3,420 Cost of Goods available for sale 842200 Dividends Payable 335,200 Cost of Goods Sold 144200 291780 Equipment 660,000 Gross Profit Freight-in 224445 400 Total Operating Expense Freight-out 67335 500 Operating Prott 59253 Insurance Expense 1,200 Net Income Interest Expense 250 Interest Payable 250 Following is items from retained earnings statement Interest Receivable 1,050 the income statement for the month ended 30 September 20x1 Interest Revenue 1,050 $ 2.500,000 Ending Retained Earnings Long form Investment 8 9 15 18 + 222 23 29 30 MacBook Air * 80 Q 40 + ES 0 57 DIL 8 bb TO F2 M 6 16 * ) + @ @ 2 # 3 $ 4 % 5 & 7 ( 9 8 6 = o delete 1 E T W Y U u R o { [ I } 1 . 1 D S G F H L H i J K J return B N ME shift I . BE ar paly.eu ac ru + 20 M TED Ay : Question Completion Status: 1 2 3 4 5 89 Interest Revenue 1,050 Ending Retained Earnings Long-term Investment Loss on Disposal Merchandise Inventory Motor Vehicle Notes Payable Notes Receivable Prepaid Insurance Purchase Discounts 2,500,000 6,128 650,000 475,000 100,000 210,000 10,800 918 Following are the items from the statement of financial position as at 30 September 20x1 S Purchase Returns and Allowances 1,200 PPE (net book value) VAYA VAVA Purchases 193,000 TETIT Long Term Investment Current Assets Retained Earnings 208,109 TI 1 Total Assets Salaries Expenso Salarios Payable Sales Returns and Allowances 118,800 81,000 980 436,960 Current Liabilities Sales Revenue Share Capital - Ordinary 4,400,000 Equity Total Liabilities & Equity 15 Share Capital-Preference Share Premium-Ordinary Share Premium-Proteronco - Supplies Supplies Expense Treasury Shares Uneamed Rent Revenue Utilities Expense 4,000,000 1,000,000 200,000 3,000 9,040 46,000 120,000 4,800 22 29 Additional information: closing inventory at 30 September 20x1 is $698,000 MacBook Air DIL 2 80 F Q FC 0 F7 DD 9 610 Fo FY 692 3 @ # 3 $ 4 % % 5 & 7 ) O +" 2 6 00 8 9 - = delete W E R T Y U 0 0 P { [ } ] II S D ... F G J I KIL 1 return V . N M ? I M shit 1 1 H command option