Question

In: Accounting

You are asked to carry out the accounting of the company 1. Prepare with the information...

You are asked to carry out the accounting of the company

1. Prepare with the information the opening entry in the General Journal,

2. Analyze the transactions recorded in the general journal

3. Transfer all information to Major General

4. Prepare the trial balance

The company reports the following assets and obligations:

 Accounts Payable amount to B / .16,600.00

 Has documents to pay for B / .7,000.00

 The inventory of merchandise is B / .125,500.00

 In the box they have B / 88,800.00

 Also a bank loan payable B / .29,000.00

 They have office furniture for 15,000.00

 The bank account sum is B / .65,000.00

 27,000.00 is the amount of the office equipment

 And accounts receivable total B / .68,000.00

THE FOLLOWING TRANSACTIONS WERE DONE:

 On 6/24/2020 We bought a car for B / .12,500.00 on credit

 On 6/24/2020 A payment was made to accounts payable for B / .1,000.00

 On 06/22/2020 the sum of B / 500.00 was paid to a bank loan

 On 06/22/2020 Bank B / 88,000.00 was deposited

 On 6/23/2020 We received credit to accounts receivable for B / 23,000.00

Solutions

Expert Solution

Solution:

ekkarill92 answered 1 year ago
Next > < Previous

Related Solutions

Each of the following scenarios requires the use of accounting information to carry out one or...
Each of the following scenarios requires the use of accounting information to carry out one or more of the following managerial activities: (1) planning, (2) control and evaluation, (3) continuous improvement, or (4) decision making. a. MANAGER: At the last board meeting, we established an objective of earning an after-tax profit equal to 20 percent of sales. I need to know the revenue that we need to earn to meet this objective, given that we have $250,000 to spend on...
You have been asked to prepare a December cash budget for Garrick Company. The following information...
You have been asked to prepare a December cash budget for Garrick Company. The following information is available for December for Garrick Company’s operations: a. The cash balance on December 1 is $44,400. b. Actual sales for October and November and expected sales for December are as follows: October November December Sales on account $500,000 $700,000 $720,000 c. Sales on account are collected over a three-month period as follows: 30% collected in the month of sale and 60% collected in...
You have been asked to prepare a December cash budget for Garrick Company. The following information...
You have been asked to prepare a December cash budget for Garrick Company. The following information is available for December for Garrick Company’s operations:            The cash balance on December 1 is $44,400.             Actual sales for October and November and expected sales for December are as follows:                                                                               October               November          December Sales on account               $500,000              $700,000              $720,000              Sales on account are collected over a three-month period as follows: 30% collected in the month of sale and 60%...
How woulf you carry out a needs assessment in your company.
How woulf you carry out a needs assessment in your company.
Research the recent issues of COVID-19 pandemic, and then prepare and carry out a campaign to...
Research the recent issues of COVID-19 pandemic, and then prepare and carry out a campaign to make people aware of the pandemic. Determine the causes and problems of the pandemic, analyze the problems, and generate and evaluate solutions for each problem. Finally, pick the best solution for each problem you identified. Marking Schemes: CASE STUDY: Awareness of the problem (Causes and Problems) ¨ 10 Analyze the problems ¨ 10 Generate and evaluate solutions for each problem ¨ 10 Pick the...
Research the recent issues of COVID-19 pandemic, and then prepare and carry out a campaign to...
Research the recent issues of COVID-19 pandemic, and then prepare and carry out a campaign to make people aware of the pandemic. Determine the causes and problems of the pandemic, analyze the problems, and generate and evaluate solutions for each problem. Finally, pick the best solution for each problem you identified. Write a report that include: Awareness of the problem (Causes and Problems) ¨ 10 Analyze the problems ¨ 10 Generate and evaluate solutions for each problem ¨ 10 Pick...
Please prepare accounting entries or answer the questions asked for the following independent situations: 1. Diamond...
Please prepare accounting entries or answer the questions asked for the following independent situations: 1. Diamond Company owns 40% of the stock of Silver Company. On January 1, 2019, Silver reports total income of $4,000,000. On June 1, 2019, Silver pays total dividends to its shareholders of $1,000,000. Prepare the necessary accounting entries for Diamond. 2. May Company purchased a bond issued by August Company on September 1, 2019 for $1,000,000. The bond is properly classified as Trading. On December...
You’ve been asked to carry out a quantitative analysis of your company’s marketing campaign, and have...
You’ve been asked to carry out a quantitative analysis of your company’s marketing campaign, and have been given permission to gather all the data you believe necessary. Drawing on all the material covered what strategies will you employ to carry out this task? Identify the variables you would collect and the types of statistical analyses you would use. PLEASE WRITE CLEAR!
Suppose you were asked to carry out a crossed-aldol condensation reaction between 4-methylbenzaldehyde and 3,3-dimethylbutanal modelled...
Suppose you were asked to carry out a crossed-aldol condensation reaction between 4-methylbenzaldehyde and 3,3-dimethylbutanal modelled after an experiment performed with benzaldehyde and acetone, a. what product would you expect to make? Write the equation showing the detailed structures of reactants and products? b. propose a detailed mechanism for this reaction? c. what unwanted by-product might be expected in this experiment? Write the relevant equations with detailed structures? What experimental strategy might you attempt to minimize the formation of this...
You are asked to produce a stealth liposome with the ability to carry cDNA into the...
You are asked to produce a stealth liposome with the ability to carry cDNA into the nucleus of a targeted cell carrying a specific type of receptor on its membrane. How would you design it?
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT