need answers of all questions. uploading second time the same questions. please write small discription of discrbe questions and complete solution of Q2 and Q6
screen shot of previous ulpoad please anwer me all questions
please do sol the all other question except Q6
all complete information .. with clear pictures..
and cash book also given for question 6 please need complete accounting for q3 and 6. and need small discriptions for other questions
all complete information .. with clear pictures..
and cash book also given for question 6 please need complete accounting for q3 and 6. and need small discriptions for other questions
all complete information .. with clear pictures..
and cash book also given for question 6 please need complete accounting for q3 and 6. and need small discriptions for other questions
Q2. (10 marks) In your opinion, what are the uses of the Adjusted Trial Balance for small businesses? Discuss. 03. (30 marks) Crazy Mountain Outfitters Co, an outfitter store for fishing treks, prepared the following unadjusted trial balance at the end of its first year of operations Crazy Mountain Outfittersco Unadjusted trial Balance April 30, 2019 Debit Credit Balances Balances Cash 11,400 Accounts Receivable 72.600 Supplies 7200 Equipment 112,000 Accounts Payable 12.200 Uneamed Fees 19 200 John Bridger, Capital 137 800 John Bridger Drawing 10,000 Fees Earned 305 900 Wages Expense 157800 Rent Expense. 55.000 Utilities Expense 42.000 Miscellaneous Expense 7.000 475.000 475.000 For preparing the adjusting entries, the following data were assembled Supplies on hand on April 30 were $1,380 Fees earned but unbilled on April 30 were $3.900. Depreciation of equipment was estimated to be $3,000 for the year. Unpaid wages accrued on April 30 were $2,475 The balance in unearned fees represented the Apest 1 receipt in advance for services to be provided Only $14,140 of the services was peovided between April 1 and April 30. Prepare ; 4. Journalize the adjusting entries necessary on April 30, 2019 b. Prepare the adjusted Trial Balance c. Prepare Statement of Income (Sol) d. Prepare Statement of Equity (SOE) e Prepare Statement of Financial Position (SOFP) (Note: Please prepare your answer in excel) Q4. (10 marks) Explain the reason companies provide sales returns and allowances to their customers. Q5. (20 marks) In what circumstances are the different methods of inventory valuation useful? Discuss. Q6. (20 marks) Springfield Enterprise received a bank statement showing a different balance than reported in the company's bank account as at 30 June 2011. The details of the bank statement and Cash at Bank account are as follows: Bank Account Date Particulars Ref Debit Credit Balance June 1 Balance 1,750.00 Dr 4 Mahat - Cheque No. 376 200.00 1,550.00 DI 7 Jamal 120.00 1,670.00 Dr 12 Rajan - Cheque No. 377 400.00 1,270.00 Dr 25 Karim 45.00 1,315.00 Dr 27 Omar - Cheque No. 378 175.00 1,140.00 DE 30 Latit 80.00 1,220.00 DE Oky, sir please solution the all uprr questions from Q2 to Q 5 1 "5" 1 2 3 4 5 6 7 8 9 0 ID$ & @ 2. ACCOUNT NO. 08379224146 DATE June 1 6 MERCU TANDA BANK BERHAD (2930-K) STATEMENT OF ACCOUNT BRANCH DATE ALOR SETAR 30 JUNE 2011 PARTICULARS DENT Balance Chaque 36 200.00 Cash deposit Chaque book Dividend - hd Chaque 17 Cash deposit Interest PAGE 1 CREDIT BALANCE 1,750.000 1.550.000 120.00 1670.000 1.655.00 C 6000 1.715.00 CP 1.315.000 45.00 1.560.00 CE 95.00 1.455.CF 16 25 28 30 WITHDRAWAT DEMONT CLOSINC BALANCE OPENING BALANCE NO TOTAL NO TOTAL 32000 1.790.00 615.00 1.455.00 Prepare a bank reconciliation statement as at 30 June 2011. (Note: Please prepare your answer in excel D. Assignment Guidelines Students are required to follow the guidelines below in completing the written assignments. 1. Assigment Format 10.1 Cover page 10.2 Table of Contents 10.3 Introduction 104 Contents 10. Conclusion 10.6 Reference 10.7 Appendix (if any) 2. Font Format Font types, sizes: O Times New Roman, 12 o Arial, 11 OR QI. (10 marks) Explain the Accruals (or Matching) Concept in relation to the financial accounts and statements of a business. Q2. (10 marks) In your opinion, what are the uses of the Adjusted Trial Balance for small businesses? Discuss. 03. (30 marks) Crazy Mountain Outlines Co, an outfitter store for fishing treks, prepared the following unadjusted trial balance at the end of is first year of operation Crazy Mountain Outfits Uradjusted Trial Balance April 30, 2010 De Credit Balances ) 11.400 Accounts Receivable 72.600 Supplies 7.200 Equipment 112.000 Accounts Payable 12.200 Unearned Fees 19,200 John Bridge, Capital 137.500 John Bridge Drawing 10000 Fees Earned 205.800 Wages Expense 157800 Rent Expense 55 000 Utilities Expense 2.000 Miscellaneous Expense 7000 000 475 000 For preparing the adjusting entries, the following data were sembled. Supplies on hand on April 30 were $1,380. Fees earned but unbilled on April 30 were $3.900 Depreciation of equipment was estimated to be $3,000 for the year Unpaid wages accrued on April 30 were $2,475 The balance in unarned fees represented the Apel I receipt in advance for services to be provided only $14,140 of the services was provided between April 1 and April 30 Prepare ; 4. Journalize the adjusting entries necessary on April 30, 2019 b. Prepare the adjusted Trial Balance c. Prepare Statement of Income (SOD) d. Prepare Statement of Equity (SOE) Prepare Statement of Financial Position (SOFP) (Note: Please prepare your answer in excel) Q4. (10 marks) Explain the reason companies provide sales returns and allowances to their customers. Q5. (20 marks) In what circumstances are the different methods of inventory valuation useful? Discuss. Q6. (20 marks) Springfield Enterprise received a bank statement showing a different balance than reported in the company's bank account as at 30 June 2011. The details of the bank statement and Cash at Bank account are as follows: Bank Account Date Particulars Ref Debit Credit Balance June 1 Balance 1,750.00 Dr 4 Mahat - Cheque No. 376 200.00 1,550.00 Dr 7 Jamal 120.00 1,670.00 Dr 12 Rajan - Cheque No. 377 400.00 1,270.00 Dr 25 Karim 45.00 1,315.00 Dr 27 Omar - Cheque No. 378 175.00 1,140.00 Dr 30 Latit 80.00 1,220.00 DE
