please help! i've been stuck on this qn for a while. 11346Larissa runs a consultancy agency. The following trial balance was extracted from the booksof Larissa business on 31 March 2022.$Delivery van PO (NCA)Office equipment Po (NCA)Cash at bank po ((A)Cash in hand po (CA)Trade receivables Po (CA)Bank loan PO (NCL)Trade payables po (CL)Fee income peCommission incomeRental income pePrinting and stationery pe (exp)Insurance pe (exp)pe2Wages and salaries pe (exp)Repairs expense pe (exp)Utilities pe (exp)Discount allowed pe (exp)Drawings po (OE)Capital, 1 April 2021 po (OE)$127 2005 9505 8002 50019 5001 20025 00053 9003 9003 7801 800200Additional information at 31 March 2022Wages and salaries paid was for 14 months up to 31 May 2022.2 Repairs expense of $200 was still owing.Rental income of $600 was received on 1 January 2022. The sum was for the period1 January to 31 March 2022.Monthly commission income was $350.5 An invoice of $500 for consultancy service was issued. This was not recorded in the books.This was notLarissa withdrew $6 000 from the business bank account for personal use.recorded in the books.250 730100 0008 40096 8003 2002 40039 930250 730AREQUIRED(a) Prepare the statement of financial performance for the year ended 31 March 2022.(b) Prepare the statement of financial position as at 31 March 2022.

Statement of Financial Performance The entire economic results of a corporation is examined in a…

Answered: REQUIRED (a) Prepare the statement of…

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter3: Journalizing Transactions

Section: Chapter Questions

Problem 3AP

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Meenen Company purchases equipment for OMR 1200 from Sanders Co. on account. The entry for this transaction will be Select one: O a. Debit Equipment A/C and Credit Bank A/C O b. Debit Equipment A/C and Credit Account Receivable A/C O c. Debit Equipment A/C and Credit Account Payable A/C O d. Debit Equipment A/C and Credit Cash A/C .
Star Search billed clients P 3,600 for services rendered. Which of the following reflects the proper journal entry for this transaction? A. Debit Accounts Payable P 3,600; credit Agency Revenue P 3,600 B. Debit Accounts Receivable P 3,600; credit Agency Revenue P 3,600 C. Debit Cash P 3,600; credit Agency Revenue P 3,600 D. Debit Agency Revenue P 3,600; credit Accounts Receivable P 3,600
The following information is obtained from a review of the record keeping process. Analyze the given information and prepare a modified trial balance. Show your solutions. Ricanor Accounting Services Trial Balance Dec. 31, 2021 Debit Credit Cash P189,000 284,600 66,400 40,000 526,800 Accounts Receivable Supplies Prepaid Insurance Office Equipment Notes Payable Accounts Payable Ricanor, Capital Ricanor, Withdrawals P130,000 195,400 297,200 100,000 821,400 Service Income Salaries Expense Advertising Expense Totals 348,700 12,200 P1,467,700 P1,544,000 a. An account receivable for P 24,300 was incorrectly added as P 23,400 when computing the balance of the Accounts Receivable account. b. A debit posting from the journal for P5,200 is missing from the Salaries Expense account. C. A debit posting of P15,000 to Notes Payable should have been made to Accounts Payable. d. A debit posting of P25,000 to Supplies was incorrectly posted as P2,500. e. Credits to the ledger Accounts Payable account…
II. The following information is obtained from a review of the record keeping process. Analyze the given information and prepare a modified trial balance. Show your solutions. (** Ricanor Accounting Services Trial Balance Dec. 31, 2021 Debit Credit Cash P189,000 284,600 66,400 40.000 Accounts Receivable Supplies Prepaid Insurance Office Equipment Notes Payable Accounts Payable Ricanor. Capital Ricanor. Withdrawals Service Income Salaries Expense Advertising Expense 526,800 P130,000 195,400 297,200 100,000 821,400 348,700 12.200 P1.467.700 Totals P1.544.000 a. An account receivable for P 24,300 was incorrectly added as P 23,400 when computing the balance of the Accounts Receivable account. b. A debit posting from the journal for P5,200 is missing from the Salaries Expense account. C.A debit posting of P15.000 to Notes Payable should have been made to Accounts Payable. d. A debit posting of P25,000 to Supplies was incorrectly posted as P2,500. C
The following journal entry was found in the records of Ross Company: Debit Cash P 200; Credit Accounts Receivable P 200. Which of the following statements best describes the above transaction? A. A customer paid P 200 on account B. Cash services of P 200 were provided C. Ross Company paid a supplier P 200 D. Ross Company corrected an error in a customer’s account
3. The following is the trial balance of Aroro Enterprise as at 31 August 2019 Debit (RM) Credit (RM) 48,400 Particulars Capital Drawings Trade receivables Trade payables Sales Purchases Sales returns Purchases returns Wages and salaries Discounts allowed Discounts received Provision for doubtful debts Insurance Inventory as at 1 September 2018 Utilities Rates Premises Fixtures and fittings Motor van Cash in hand Cash at bank ТOTAL 3,500 9,000 12,500 40,400 31,000 300 250 5,600 120 200 300 700 2,400 950 350 10,000 3,000 20,000 330 14,800 102.050 102,050 Additional information as at 31 August 2019: i. Inventory as at 31 August 2019 amounted RM3,300 ii. An entity from whom there is accounts receivables of RM200 was unable to settle his debt and this amount is to be written off as bad debts. iii. The provision for doubtful debts is 1% of the outstanding trade receivables. iv. The owner took RM100 worth of goods from the business for his own use Required: a) Statement of Profit or Loss and…
5. Record the following transactions for the month of November 2020 in the generaljournal and post to the appropriate ledger account and balance all the accounts theprepare the trial balance as November 2020. Nov 1 Started business with RM6,000 in the bank2 Bought goods on credit from Ab Bhd RM 390 and XY Trading RM7105 Cash sales RM2407 Paid rent by cheque RM309 Paid sundry expenses by cheque RM20011 Sold goods on credit to Mina RM80 and Chee RM1,15016 Paid wages by cash RM4518 Returned goods to AB Bhd RM20 and XY Trading RM3519 Goods returned by Mina RM10 and Chee RM5021 Bought motor van on credit from Tan Ching Motor RM8,00024 Paid AB Bhd RM250 and XY Trading RM400 by cheque27 Received a loan of RM500 cash from Aman29 Received a cheque from Mina RM70 and Chee RM60030 The owner deposited a further RM1,000 into a business bank account
Hi, for the last part of this question, it says "After you prepare the schedule of accounts payable creditor balances, determine that the total agrees with the ending balance of the Accounts Payable controlling account."Outdoor Artisan LandscapingAccounts Payable(Controlling)Balance, June 1, 20Y1 $Total credits (from purchases journal)Total debits (from cash payments journal)Balance, June 30, 20Y1 $How would I solve this problem? I've attached a picture of the original question
What should i do? Accounts payable were paid in the amount of $1,077,500. Note: Enter debits before credits. Transaction General Journal Debit Credit 08
(a) Describe the detail of the transaction being performed in the following screen. (b) Give the journal entry that MYOB made as a result of the transaction in part (a) (Note: account numbers are not required, just use account names.) Print - Journal S Register O Pay from Account: 1-1110 ANZ Bank Balance: $1,530,577.55 O Group with Electronic Payments: V Tax Inclusiİve Card: O Cheque No.: 58 Date: 20/07/2018 Payee: Amount: $83,130.00 V Eighty Three Thousand One Hundred and Thirty Dollars and 0 Cents Memo: Paid Australian Tax Office Computer World Australia Pty Ltd Acct No. Name Amount Job Memo Таx 2-1310 GST Collected $87,450.00 N-T 2-1320 GST Paid -$20,000.00 N-T 2-1420 PAYG Withholding Pay $15,680.00 N-T Total Allocated: $83,130.00 Тах: $0.00 O Cheque Already Printed Total Paid: $83,130.00 Remittance Advice Delivery Status: Out of Balance: $0.00 To be Printed 29 Save as Recurring O Use Recurring
1. Below is a trial balance of Ali Mamat Enterprise, extracted after one year's trading. Ali Mamat Enterprise Trial Balance as at 31 December 2019 Debit (RM) Particulars Sales Purchases Credit (RM) 190,576 119,832 56,527 Salaries Motor expenses 2,416 1,894 372 Rent Insurance General expenses Premises Motor vehicles Account receivables Account payable Cash at bank Cash in hand Drawings Сapital 85 95,420 16,594 26,740 16,524 16,519 342 8,425 138,066 345.166 TОTAL 345.166 Required: i. Statement of Profit or Loss and Others Comprehensive Income for the year ended 31 December 2019. ii. Statement of Financial Position as at 31 December 2019.
check drawn by a company in payment of a voucher for $965 was recorded in the journal as $695. What entry is required in the company's accounts? a. debit Accounts Receivable; credit Cash O b. debit Accounts Payable; credit Cash ) c. debit Cash; credit Accounts Payable o d. debit Cash; credit Accounts Receivable

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REQUIRED (a) Prepare the statement of financial performance for the year ended 31 March 2022. (b) Prepare the statement of financial position as at 31 March 2022.