Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please answer Q2 During 202X+1, the following transactionsware for cash of EUR 23,000 a) The owner withdrew equity in the form of cash of EUR

Please answer Q2
image text in transcribed
image text in transcribed
During 202X+1, the following transactionsware for cash of EUR 23,000 a) The owner withdrew equity in the form of cash of EUR 23.000 b) Premises were rented at an annual remet of the premises 25.000 was paid to the owner of the premises c) Electricity bills were paid during theyear for the period 01.04.202+1 - 13.000 has proved to be amounted to EUR 2.000 d) Some machinery which was bought on 01.01.202X for EUR 13.000 has proved wa be unsatisfactory. It was part-exchanged for some new machinery on 01.01.202X+1 and ABC Ltd paid a cash amount of EUR 6.000. The new had the business bought it without the trade in e) Wages totalling EUR 23,800 f) Other bills for the 4 quarters of the year were paid, totalling EUR 2.700 g) Inventories totalling EUR 143,000 were bought on credit h) Inventories totalling EUR 12,000 were bought for cash i) Sales revenues on credit totalled 211.000( cost EUR 127.000) - Itret - knst - Cuniss theffingterio - Currest itailid - Meid Tiest Raths - Giearing itateo - Triefe Heccivatiles tutitement haved During 202X+1, the following transactionsware for cash of EUR 23,000 a) The owner withdrew equity in the form of cash of EUR 23.000 b) Premises were rented at an annual remet of the premises 25.000 was paid to the owner of the premises c) Electricity bills were paid during theyear for the period 01.04.202+1 - 13.000 has proved to be amounted to EUR 2.000 d) Some machinery which was bought on 01.01.202X for EUR 13.000 has proved wa be unsatisfactory. It was part-exchanged for some new machinery on 01.01.202X+1 and ABC Ltd paid a cash amount of EUR 6.000. The new had the business bought it without the trade in e) Wages totalling EUR 23,800 f) Other bills for the 4 quarters of the year were paid, totalling EUR 2.700 g) Inventories totalling EUR 143,000 were bought on credit h) Inventories totalling EUR 12,000 were bought for cash i) Sales revenues on credit totalled 211.000( cost EUR 127.000) - Itret - knst - Cuniss theffingterio - Currest itailid - Meid Tiest Raths - Giearing itateo - Triefe Heccivatiles tutitement haved

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

SEO Competitor Audit Journal

Authors: Nelz Plummer

1st Edition

B09DDWJGRC, 979-8459748123

More Books

Students also viewed these Accounting questions

Question

Develop clear policy statements.

Answered: 1 week ago

Question

Draft a business plan.

Answered: 1 week ago

Question

Describe the guidelines for appropriate use of the direct plan.

Answered: 1 week ago