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has anyone finished all the parts to the question Programs Plus is a retail firm that sells computer programs for home and business use. On December 31, 2019, its general ledger contained the accounts and balances shown below: Only finding bits and pieces on here. College accounting
Programs Plus is a retail firm that sells computer programs for
home and business use. On December 31, 2019, its general
ledger contained the accounts and balances shown below:
ACCOUNTS | BALANCES | ||
Cash | $ | 15,280 | Dr. |
Accounts Receivable | 26,600 | Dr. | |
Allowance for Doubtful Accounts | 95 | Cr. | |
Merchandise Inventory | 62,375 | Dr. | |
Supplies | 6,740 | Dr. | |
Prepaid Insurance | 2,380 | Dr. | |
Equipment | 34,000 | Dr. | |
Accumulated Depreciation—Equipment | 10,100 | Cr. | |
Notes Payable | 7,264 | Cr. | |
Accounts Payable | 6,500 | Cr. | |
Social Security Tax Payable | 560 | Cr. | |
Medicare Tax Payable | 130 | Cr. | |
Yasser Tousson, Capital | 93,620 | Cr. | |
Yasser Tousson, Drawing | 50,000 | Dr. | |
Sales | 514,980 | Cr. | |
Sales Returns and Allowances | 9,600 | Dr. | |
Purchases | 319,430 | Dr. | |
Freight In | 3,600 | Dr. | |
Purchases Returns and Allowances | 7,145 | Cr. | |
Purchases Discounts | 5,760 | Cr. | |
Rent Expense | 14,500 | Dr. | |
Telephone Expense | 2,164 | Dr. | |
Salaries Expense | 92,000 | Dr. | |
Payroll Taxes Expense | 7,300 | Dr. | |
Interest Expense | 185 | Dr. | |
The data needed for the adjustments on December 31 are as
follows:
a.-b. Ending merchandise inventory, $67,850.
Required:
Analyze:
By what percentage did the owner’s capital account change in the
period from January 1, 2019, to December 31, 2019?
Complete this question entering your answers in the tabs below.
By what percentage did the owner’s capital account change in the period from January 1, 2019, to December 31, 2019?