Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

QUESTION 3 The following information has been extracted from the financial records of Noctumes Lad: 3132022 31,92021 Cash $500 $275 Accounts receivable 5241 5452 Allowance

image text in transcribed
QUESTION 3 The following information has been extracted from the financial records of Noctumes Lad: 3132022 31,92021 Cash $500 $275 Accounts receivable 5241 5452 Allowance for DD 250 300 Tento 7000 7240 Pin and equipment -cost 45025 11000 Accumulated Depreciation 16 000 13.500 Bank overdracht 110 200 Accounts payable 7992 GST payable 50 381 Interest expense payable 10 15 Dividends pable 150 Income tax payable 40 30 Long-term borrowings 4000 3.000 Share capital 9.799 Retained earning 15 950 21.750 11264 Sales Cost of goods sold Operating expenses Bud debt expert Doubtfildelt expense Tinterest expense Depreciation expert Lowon of plant andet Tax expense 70 000 40.000 14591 150 239 205 3.300 501 4000 Additional informatie 1. Noche End uses the indirect method to wport cash flows to purting activities 2. The styles both dividends paid interest is operating cash flow. 3. An item of plant and equipment was sold for 52000 during the year 4. An item of plant and equipment w purchased for S428 with an owes S. The GST s 15 AGENT QUESTION 3 The following information has been extracted from the financial records of Noctumes Lad: 3132022 31,92021 Cash $500 $275 Accounts receivable 5241 5452 Allowance for DD 250 300 Tento 7000 7240 Pin and equipment -cost 45025 11000 Accumulated Depreciation 16 000 13.500 Bank overdracht 110 200 Accounts payable 7992 GST payable 50 381 Interest expense payable 10 15 Dividends pable 150 Income tax payable 40 30 Long-term borrowings 4000 3.000 Share capital 9.799 Retained earning 15 950 21.750 11264 Sales Cost of goods sold Operating expenses Bud debt expert Doubtfildelt expense Tinterest expense Depreciation expert Lowon of plant andet Tax expense 70 000 40.000 14591 150 239 205 3.300 501 4000 Additional informatie 1. Noche End uses the indirect method to wport cash flows to purting activities 2. The styles both dividends paid interest is operating cash flow. 3. An item of plant and equipment was sold for 52000 during the year 4. An item of plant and equipment w purchased for S428 with an owes S. The GST s 15 AGENT

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

Justified The Story Of Americas Audit

Authors: Dr. Kelli Ward

1st Edition

195725503X, 978-1957255033

More Books

Students also viewed these Accounting questions

Question

I am paid fairly for the work I do.

Answered: 1 week ago

Question

I receive the training I need to do my job well.

Answered: 1 week ago