PLEASE READ THIS because you keep on giving the wrong answers. please solve the appendix. make adjusting entries for all 12 appendix with working please

HOMEY Electronics Co. is one of the growing electronics compenies in the The succeeding appendices pertain to the different transactions that happened during the year that Kingdom of Bahrain. Ten years ago, it was founded by Mr. Ahmed All, the the company failed to recognize when preparing its unadjusted trial balance: Managing Director, who aims to make HOMEY the shoppers' first choice. His vision is to be the only place shoppers get to have different models and brands out of a complete range of household needs. Recently, HOMEY launched a furniture section as a new addition to its showroom. HOMEY uses a solid accounting system and controls. It adopts the calendar year as its fiscal year. HCMEY Electronics is preparing its financial statements for the year ending December 31, 2022. A trial balance, along with several business-related appendices, are presented below: In resperise to your incquiry about receeivables, polsase nole the following: On December 31, 2022, the company's Allowance for Doubtful Acocunts had a credit balance of BD3,200 per the unadjusted tial balance. The accounts recelvables depertment has prepared the aging achedule of arcounts receivable belyw. Based on previcus years' experience, wes estirnated the percentage of recesivatiles in each categgry that will taenome uncolectable. This iriformalion is surnmarized here: Pagn 2 of 18 Pagn 3 of 18 Date 30/12/2022 TO: FINANCIAL CONTROLLER Subject: LOAN OUTSTANDING CERTIFICATE FROM: CHIEF AUDIT EXECUTVE Customer Name: Homey Electronics Co. (the "Borrower") CR: MR65015111111111 SUBJECT: RE-VALUATION OF CLOSING INVENTORY Loan Account Number: LNC 40000231012232323333 During the intemal atdin at year-end, the fallowirg findings with regard ts inwentroy were cisceyered. Loan Agreement (LNA101/12i22) dated December 1. 2022, made between Party 1: First Family - Tre compery purchesed adcitconal marchandlae thet totellad BD70,000 durina the yeer. The agsregete Bank (the "Lender') and Party 2: Homey Electronics CO. (the "Borrower') punchase emount wes vertitied and heluded in the unaciusiad tiel belance. This is to certify that the aforesaid customer has a loan with FFB, details as follows: year-urd. However, the cormpany did not indude in the couri purchlased grods of BDE,000, which were in transil coet of BDA,600, which was in transit (itrrre: FOE destination. The salcs amount of BD, 000 was apprapriately - Principal amount taken: BD150,000 - Total Interest to be paid: BD30,000 recerded in the tocks. - Amount Financed in Total: BD180,000 - Monthly Instalment: BD1,500 (BD250 is an interest payment and BD1,250 is a prindipal payment) - Loan term: ten years (First payment is due on January 1, 2023, and the last payment is - The compery acted es a consignee for Sherpee Co, the consignor. The result in incudina the iwertory goods held cn carsigrment costirg 800,000 . December 31, 2032) This corificate has been given upen the customer's request without any responsibility whatsoover on the part of the bank or any of its officers. Sincorely yours, FFBi Head of Corporate Banking - An assassment of NRV showed no meterial variation from inventory cast. Yet, ve emphesize the importance of using the weighted average cost flow aesumption consistently unless a charge of acocunting method is approprietely justified. The company uses the periodic inventery system. Appendix 4 Appendix 5 Soclallze me MAILING ADDRESS TOWERS CONSTRUCTIONS COMPANY P. O. BOX. 67202 DATE: DECEMBER 15, 2022 Kinguen of Dahrain 4TH FLOOR, BLDG. NO. 260 DATE: DECEMEER 31, 2022 KNGDOM OF BAHRAIN HOMEY ELECTRONICS CO. Maing Adidress INVOICE \# 2016/22 P. O. Box. 23056 Plidg. Na. 100 Rased No. 807, Harned Tawr 1208 Kingdorn of Bahrain Client Name: Homey Electronics Co. Maing Adress JOB QUOTATION Pidg. No. 100 QH012675/22 Road No. 8017, Harned Toun 12018 Subject: Quotation for repairs and maintenance Kingdom of Balrain Thank you for your enquiry. The pricos you requested are as follows: Packead Type: SIwer Class Membership number: $L450 Remarks/Payment term: "Payable within 20 days from this irwoice dake. First Family Bark Accoount: 710239128419 . If a cheque is used, make These prices are valid till 30 days after this quotation date. all cheques pnynhis to ANCO Mnchines If vou have any questions concerning the quotation, please contact Mr. All Nasser, Sales executhe, emall: Payables Department - Finance Thank you for your business! POUCY SCHEDULE Private Buildine -Comprehensive - National Day Package New Message We here cartify that a policy of insurance cosering the liablility arising from acridents has been issi.ed as follows: To: accountant@homeyelectronics.com Dear Accountant, Please make sure the following considerations are appropriately reflected on the year-end Financial staterrents: 1. Apply the straight-line method to all depreciable assets. 2. The estimated residual value of the class of equipment was to be BD 5,000 with an expected useful life of 5 years. You can see the attached invoibe (0154;17) received from ANCO Machines 4 years ago (see attachment 1). Issued By: Nasser Ahmed 30/11/2022 01:27:51 PM 3. Buildings acquired four years ago are accounted for using the cost model. The bulldings are depreclated by 5% with no salvage value. 4. As per the revaluation certificate recelved from PPE Property Management, remember For SIco Insurance Company that there was no material variance between the historical cost of land and its market value as of December 28,2022 (see attachment 2). Regards, Financial Contreller Appendix 7 (cont'd) (Attachment n1] Appendix 7 (Cont'd) (Attachment 2) DATE: DECEMEER 31,2017 ANCO Machines INVOICE INVDICE NO.0154117 Client Name: Homey Electronics Co. Maling Address P. Bok. 23056 Date:28/12/2022 Hidg. No. 1015 Rand No. B07, Hamed Tawn 120a PPE Property Management Kingdom of puherin Ref: HEC=L01 Homey Electronles Co. klailing Adidress P. D. Hor. 73055 Eidg. No. 100 Raad No. B07, Hamed Tawn 1200 Kingdom of Gahrain For the attentian of Mr. Hesham Naor Dear Sir, Re: Valuation Report - Land (352sqm) =Lacated in Hamad Town We wish to thank you far yaur instruction to re-value this property following aur report of the 13th September 2022 . We are pleased to provide our valuation as of 28in December 2022 , as this land has a current market value of BD Remarks/Paymant term: 250,000. *Payahie within 30 deys tron thak irmoice date. First Family Baric Account: 71023301017 . It a cheque Is usad, meke all Kindly consider this letter as an updated vertificate for your records. cheques aryable to ANCO Nactines We trust this certificate meets the requirements of pour instructions, and we remair. Payables Department - Finance Yours faithfully. PPE Property Management RICS Registered Valuer CED To: financialoontrollen@homeyelectronics.com Dear Finance controller, Subject: Bank Reconciliation Below is the payroll of our company staff for the month of December 2022. Dear Financial Controllar, PAYROLL Based on your request, I heve just reviewed the benk statement for December, which shows a BD14,010 cash balence. I would Ike to highight the following findings: 1. Check No. 2051 for BD690 and Check No. 2075 for BD276 were cutslaneing an the Nowernber 30 benk reconcillation. Check No. 2075 is listed with the December canceled checks, but Check No. 2051 is not. Also, Check No. 2910 for BD168 and Check No. 2086 for BD1074, both witten in December, are not among the cancelad checks on the December 31 stetement. 2. Wher coxnjparing the canceeled checks on the bank staternent with the entriess in the areounting records, it is found that Check No. 2008 for the Decernber utifily bill was correctly written and drawn for BDE25 but was erronecusly entered n the accounting records as BDE52. 3. A credit mornerandum enclosed with the December bank statoment indicates the bank collocted BD4500 cash as a non-interest-bearing note for the company, doducted a BD22.5 collection foe, and credted the remainder to its acocourt. The complany had nat recorded this cevent relating to the shor-term note before receiving the statement. 4. A deblt memorandum for BD410 llsts a BD402 NSF check plus a BD8 NSF charge. The check had been recelved from a customer, Marla Jackson. The company hiss not yet recorded this check as NSF. Payroll officar 5. Eridosed with the Derember stalement is the BD30.5 debit rnemarandum for bark servicus. It has not yet been recorded because no previous notilcation has been recalved. 6. The company's December 31 dally cash recalpts of BD5o76 were placed in the bark's night depository on that date but did not appear on the December 31 bark statement, Note: It is the company's policy to pay their workers' salaries on the 5th day of the following month to give more time for the acocunting department to prepare their payroll. The accounting team will ensure that the neceesary adjustments are reflected based on the bank reconciliation to proceed with financial statements preparation accordingly. Best Regards, Accountant Note: related entries were nat recorded. Appendix 11 From: Electricity and Water Authority To: Homey Electronics Co. To: accountantiaghomeyelectronics.com Kingdorn of Bahrain Subject: Additional items for consideration Dear Accouritant. Please make sure the following items are appropriately reflacted on the year-end financial statements: 1. Sixty percent (60%) of the performance obligation related to cash received in advance from customers is satisfied. 2. Upon inventory count, BD300 worth of supplies is still available and can be used in the folkwing year. Regards, Financial Conirolker Note: it is the company's policy to pay ther utilies expense on the 15th cay of the following month. A) Record the necesssary isdjusting and coorecting jourrial sentries for the yesar ended December 31,2022. (45 marks). Melse. Yau must show alf your warkings for pavt A, using tables, schedules, calculations and explanations, where appropriate. - Ignore VAT impilcations. Sereenshots ave NOT aflowed. B) Prepare an acoounting worksheet reflecting the related accounts, unadiusted trial balance, Agreement Canditions andusiments iand adjustend trial balarice for the year entied Decoernber 31,2022 (10 marks). Note: 1 C) Prepare a sta:ement of profit or loss and a statement of owner's equity for the year 2022 , and a statement of financial position at December 31,2022 (21 marks]. Noter D) Prepare a musnorandurn to the cusrer of Homey Electranics Co. an the cornpany's probidashility and efficiency 8 Mquidty by computing and interpeting two (2) ratios for each group. Word count ( 400 words +i10% ) (8 marks). E) Discuss how the sccownting princibies, essumptions, sndior constraints apply to Homey Electronics applications from the case. demvid ful ponnenc of diesiat Word count: (600 words +i-10\%). (8 marks)