June 1 June 5
June 6
June 8
sunt
he is
Drawing
SQ-2. __The following transactions of a sole trading concern are given:
Cash of Rs.2,000 withdrawn by Mr. Jeevan for his personal use
Goods worth Rs.3,000 was taken away by Mr. Jeevan for his domestic purpose
Cash of Rs.4,000 withdrawn by Mr. Jeevan to pay the school fee of his children
Goods worth Rs.5,000 and furniture worth Rs.6,000 were taken by Mr. Jeevan for his personal use
June 10 Cash Rs.200, goods Rs.300 withdrawn by the proprietor
June 12 Cash withdrawn from bank for business use Rs.1000
June 14 Withdrew from bank Rs.6,000 out of which Rs.4,000 for domestic use of the owner
June 18 Life insurance premium Rs.20000 was paid on behalf of the owner
June 20 Income tax Rs.10000 paid on behalf of the proprietor
Required: Journal entries
able
woice
able​

Companies hd and ld are both profitable, and they have the same total assets (ta), total invested capital, sales (s), return on assets (roa), and profit margin (pm). both firms finance using only debt and common equity. however, company hd has the higher total debt to total capital ratio. which of the following statements is correct? a) company hd has a higher assets turnover than company ld. b) company hd has a higher return on equity than company ld. c) none of the other statements are correct because the information provided on the question is not enough. d) company hd has lower total assets turnover than company ld. e) company hd has a lower operating income (ebit) than company ld

You decided to charge $100 for your new computer game, but people are not buying it. what could you do to encourage people to buy your game?

Reynolds corp. factors $400,000 of accounts receivable with mateer finance corporation on a without recourse basis on july 1, 2015. the receivables records are transferred to mateer finance, which will receive the collections. mateer finance assesses a finance charge of 1 ½ percent of the amount of accounts receivable and retains an amount equal to 4% of accounts receivable to cover sales discounts, returns, and allowances. the transaction is to be recorded as a sale.required: a. prepare the journal entry on july 1, 2015, for reynolds corp. to record the sale of receivables without recourse.b. prepare the journal entry on july 1, 2015, for mateer finance corporation to record the purchase of receivables without recourse— think through this.c. explain the difference between sale of receivables with recourse as oppose to without recourse.