Business, 16.06.2020 18:57 brandon1888
S. Sinyoro prepared the following trial balance from his ledger balances on
30 June 2008. Unfortunately, the totals disagreed and a suspense, count had to be
opened for the difference
Trial Balance on 30 June 2008
Capital, 1 July 2007
Drawings
Debtors
Cash at hand
Fixtures and fittings
Stock, 1 July 2007
Creditors
Sales
Purchases
Sundry expenses
Suspense
89086
After investigation, the following errors were discovered and, when the necessary
corrections were done, the Suspense Account balance was eliminated
i)Sinyoro's private expenses of $2 400 had been debited to Sundry
Expenses.
Answers: 1
Business, 21.06.2019 19:20, Lindseycline123
The following selected amounts are reported on the year-end unadjusted trial balance report for a company that uses the percent of sales method to determine its bad debts expense. accounts receivable $ 435,000 debit allowance for doubtful accounts 1,250 debit net sales 2,100,000 credit all sales are made on credit. based on past experience, the company estimates 1.0% of credit sales to be uncollectible. what adjusting entry should the company make at the end of the current year to record its estimated bad debts expense
Answers: 2
Business, 21.06.2019 21:00, kelseyduhhh
Choose the best term for each definitionexpense, liability, monetary asset, statement of financial position, tangible asset, net worth, market value, investment asset, income, assetitems of monetary value a person or household ownsmoney spentmoney receivedfinancial assets purchased with the hope that they will generate income and appreciate in value to make it possible to sell at a higher price in the futurea debt or obligation owed to othersthe amount you could realistically sell an asset forassets that can be quickly and easily converted into casha measure of financial wealth and indicates the monetary value of all possessions that a person or household owns, minus the total amounts owed to othersa financial statement that describes an individual or family's financial condition on a specified date by showing assets, liabilities, and net worthpersonal property that was purchased to create a lifestyle or improve your life
Answers: 1
Business, 22.06.2019 03:20, emilyplays474
Look at this check register. calculate the current balance. check date transaction (+) deposit balance 5/1 5/3 $82.92 debit 8.00 78.24 005 monthly fee phone bill paycheck 1 125.00 5/15 5/17 5/20 atm 40.00 56.50 006 t ennis lessons the current balance is?
Answers: 1
S. Sinyoro prepared the following trial balance from his ledger balances on
30 June 2008. Unfortuna...
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