Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please help me out4 4. The latest Adjusted Trial Balance of Eat Them All restaurant is given for Dec 31, 2013. Income Tax is 20%

please help me out4
image text in transcribed
4. The latest Adjusted Trial Balance of "Eat Them All" restaurant is given for Dec 31, 2013. Income Tax is 20% of IBT and payable in Jan 2014. Find the following amounts: Account DRER Kash $1.000 IM 16 vy 14.000 Supplies Les 14.000 Ace-Del.in 10 Sales 20,000 Sales Returns HUO Rentap 0.000 NP 5.000 WP 1.000 Ice Exp Wap 0.000 Kapital 100 Retained Emin Jan 1, 2011 1.000 Dividende 000 Service re 0.000 CGS 10,000 Sales Di 000 ITcal 210 110,00 Net sales: Gross Profit Income before tax Income Tax: Net Income Total Current Assets Total Long Term Assets Total Current Liabilities: Total Long Term Liabilities: Balance of Retained Eamings on Dec 31,2013: Total Shareholders Equity: 4. The latest Adjusted Trial Balance of "Eat Them All" restaurant is given for Dec 31, 2013. Income Tax is 20% of IBT and payable in Jan 2014. Find the following amounts: Account DRER Kash $1.000 IM 16 vy 14.000 Supplies Les 14.000 Ace-Del.in 10 Sales 20,000 Sales Returns HUO Rentap 0.000 NP 5.000 WP 1.000 Ice Exp Wap 0.000 Kapital 100 Retained Emin Jan 1, 2011 1.000 Dividende 000 Service re 0.000 CGS 10,000 Sales Di 000 ITcal 210 110,00 Net sales: Gross Profit Income before tax Income Tax: Net Income Total Current Assets Total Long Term Assets Total Current Liabilities: Total Long Term Liabilities: Balance of Retained Eamings on Dec 31,2013: Total Shareholders Equity

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

Step: 3

blur-text-image

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

Intermediate Accounting Volume 2

Authors: Thomas H. Beechy, Joan E. Conrod, Elizabeth Farrell, Ingrid McLeod-Dick, Kayla Tomulka, Romi-Lee Sevel

8th Edition

1260881245, 9781260881240

More Books

Students also viewed these Accounting questions

Question

Do the measurement items or tools have content relevance?

Answered: 1 week ago

Question

How is communication defi ned?

Answered: 1 week ago

Question

What are the benefi ts of studying communication?

Answered: 1 week ago