Jennie, a trader has opening account balances and transactions for the month of August 2020 as follow:
August 1: Cash at bank: £5,000, Cash on hand: £2,500, Office equipment : £10,000, Account
Receivable: £1,000, Inventory £1,200, Loan: £4,000, Account Payable: £4000.
2 Put £1050 into the business bank account.
3 Loan £3,300 from Northen Bank, repayable in two years' time.
6 Buys office equipment for the business, paying £2,500 by bank transfer.
8 Buys goods for resale, paying by cheque £1060.
12 Sells goods for £1,230; customer pays by cheque.
16 Buys goods for resale on time £1,190.
18 Sells goods on time £2,070
26 Takes £580 from business bank account to pay for personal living expenses.
31 Pays staff wages for August, £710 by cheque.
31 Pays electricity bill for the month, £320 by bank transfer
Required:
a) Prepare Balance Sheet as at 1 August. (5 points)
b) Recording all the transactions. (10 points)
c) Prepare trial balance as at 31 August 2020 (15 points)
d) Assuming that the closing inventory has been counted and valued at cost total of £1,170, prepare
an Income Statement for the month (Showing all double entries necessary). ( 15 points)
e) Prepare Balance Sheet as at 31 August. (5 points)

Conor is 21 years old and just started working after college. he has opened a retirement account that pays 2.5% interest compounded monthly. he plans on making monthly deposits of $200. how much will he have in the account when he reaches 591 years of age?

Buyer henry is going to accept seller shannon's $282,500 counteroffer. when will this counteroffer become a contract. a. counteroffers cannot become contracts b. when henry gives shannon notice of the acceptance c. when henry signs the counteroffer d. when shannon first made the counteroffer

Cooper sues company a in state court in south carolina, where he lives, for negligence alleging personal injury and property damage of $100,000 after a truck driven by an employee of company a rear-ended his pickup truck. company a is incorporated in delaware, has its headquarters in new york, but does a substantial amount of business in south carolina. claiming diversity of citizenship, company a seeks removal to federal district court, but cooper opposes the motion. which of the following is true regarding whether the case may be properly removed to federal district court? the amount in controversy satisfies diversity requirements; and if company a's nerve center is in a state other than south carolina, then the case may be properly removed to federal court. the amount in controversy satisfies diversity requirements; and because company a is incorporated and has its headquarters in a state other than south carolina, the case may be properly removed to federal court. because the amount in controversy satisfies diversity requirements and company a is incorporated in a state other than south carolina, the case may be properly removed to federal court regardless of where company a's headquarters, nerve center, or principal place of business is located. because the amount in controversy satisfies diversity requirements and company a is headquartered in a state other than south carolina, the case may be properly removed to federal court regardless of where company a is incorporated and regardless of the location of its nerve center. because the amount in controversy fails to satisfy jurisdictional requirements, regardless of the location of company a, the case may not be removed to federal court.