Question 1 - 20 Marts Given Data The adjusted trial balance at April 10, 2017. for Willard Co follows Credit Debit $106.100 350 560000 PLEASE SHOW CALCULATIONS AND USE THE SIMPLE HOW THE ABOVE YOU GET ZERO, WRTINO SUCHS IGNORING ABOVE AUTOMATICALLY GET YOU TEROON WE CHECK YOUR EXAM FOR ACADEMIC INTEGRITY $84.000 35.000 Account Cu Accounts receivable Tricks Accumulated depreciation, trucks Pranchise Accounts payable Salaries able Used revenue Si Wila, capital Sid Willant wichdraw Plummene Depreciation expense, truck 20.5 10.200 35.000 352.000 275.000 RSD610 Rent es Advertising Income 84.000 272450 61,500 12500 Totals 51,252370 51,252370 Mequired: 1. Prepare the four closing cutie 2. Prepare a posting trial balance Instructions Question Answers Quest 2 Answer Question Ant Qwer Question - 20 Marks Given Data: Sunset Sushi, Japanese restaurant, has the following adjusted trial balance with accounts listed in alphabetical order. Prepare a classified balance sheet for the year-ended December 31, 2017. For the bank loan, S60,000 is due in 2018. For Notes receivable, 540.000 will be collected in 2018. PLEASE SHOW CALCULATION SHOW THE ABOVE YOU GET IGNORING ABOVE AUTOMATIC WE CHECK YOUR DOM FOR Debit Credit 557121 98,000 48,600 687,536 Account Title Accounts payable Accumulated depreciation equipment Accumulated depreciation furniture Bank loan Cash Equipment Operating expenses Furniture Merchandise inventos Natsuki Miyakwa, capital Natsuki Miyakowa, withdrawal Notes receivable Revenue Wages payable Total 5304.198 450,300 $5,000 160.000 30.000 34,241 35,000 70,000 133.000 36.000 51.091.625 51.094.699 Question 4 - 20 Marks On January 1, you started a tutoring business called Nyxx and charge $183.25 an hour for tutoring The following are your transactions for 2017 PLEASE SHOW CALCULAT SHOW THE ABOVE YOU IGNORING ABOVE AUTOM WE CHECK YOUR EXAME A On January 1, you purchased a computer from Apple Inc. for $30,000 cash. You estimate that your computer will last four years. After that time, you will give the computer to your sister as a gift, B On February 8, you paid $8,150.11 cash for one-year of insurance coverage, D On March 31, you purchased supplies including paper, pens, and notebooks for $1.250 cash at Staples Canada Inc. At the end of the year, you had $30 of supplies left On November 1, Amanpreet, A student, pays cash for nine hours of tutoring per month, for November 2017, December 2017, and January 2018 You tutor George for eight hours in December. However, George was away for Christmas and has promised to pay you in January 2018 On 31 December 2017. Telus Communications sends your December business cell phone bill for $400. The bill is due January 15, 2018 Assume Brain Worx, uses Straight Line Method to depreciate the asset . E F Required 1. For transactions (a) to (d), record the initial journal entry during the year. 2. For transactions (a) to record the adjusting entries on December 31, 2017 Question 4 - 20 Marks OR CR $31.000 PLEASE SHOW CALCULATIONS AND USE SHOW THE ABOVE YOU GET ZERO WRITIN IGNORING ABOVE AUTOMATICALLY GET YO WE CHECK YOUR EXAM FOR ACADEUCINE 348.000 50.000 521.000 514400 $3.500 519,000 521,000 $7.500 5.750 $148.000 Accounts payable Accounts receivable Accumulated depreciation equipment Accumulated depreciation truck Cash Depreciation expert Equipment Franchise Gas and ol expense Intarse Intres payable Land not curranty used in buss operations Long term notos payable note 1 Notes payable due Feb 1, 2018 Nolas receivable nola 2 Intangible Prepaid rart Rontempore Repair revenue Repair supplies Repair supplies expense Truck Uneamed repair revenge Owner's cap Owner's withdrawal Total $35,000 57.000 50.000 57.000 514.000 51.000 $265.000 513.100 $20,000 $20.000 512.000 574.900 $40,000 5457.250 5457,250 Notes: 1.55,000 of the long-term payable during the year anded March 2018 2 52.000 of the notes receivat will be collected by March 31 2018 Using the Information in above, calculate each of the following Current as Property, plant and equipment c. Intangible assets d. Non-currentino o. Total Ourrent lite Non-current 1. Tota Total abilities and out Instructions Question 1 Answer 1 Question 2 Answer Question Answers Question Ans