Spanish, 11.06.2021 15:20 jessiegarrison1
Ahmed owns a small business selling coffee makers to other businesses. On 31st December 2020 he extracted the following trial balance.
Account Name
Debit $
Credit $
Sales Revenue
676,611
Sales returns
5,148
Opening inventory
92,056
Purchases
371,111
Purchase returns
3,321
Freehold property
228,447
Equipment at cost
34,425
Accumulated depreciation on equipment
6,300
Motor vehicle
47,250
Accumulated depreciation on motor vehicle
10,575
Salaries and Wages
14,580
Insurance
3,150
Motor expenses
4,950
Advertising expenses
3,663
Loan interest
5,850
Receivables
70,920
Allowance for receivables
3,807
Payables
64,584
Cash at bank
122,148
Bank loan
55,800
Capital
182,700
Total
1,003,698
1,003,698
The following information is relevant.
Closing inventory was valued at $95,796.
Equipment is depreciated by 10% on Straight line basis.
Motor vehicles are depreciated by 20% on reducing balance basis.
Accrued wages at the end of 2020 amount to $3,015.
On 1 November 2020 Johns paid $1,350 for insurance which is valid until 31 October 2021.
Irrecoverable receivables of $2,250 need to be written off.
Ahmed decides to increase the allowance for receivable for $4,707.
Ahmed has taken goods worth $4,050 for his own use.
Required:
Prepare Ahmed’s income statement for the year ending 31st December 2020.
Prepare Ahmed’s balance sheet as at December 2020.
(10+10 = 20 Marks)​
Answers: 2
Spanish, 22.06.2019 18:00
Las sorpresitas de llobasco son piezas miniaturas de cerámica que llevan adentro escenas de los pueblos
Answers: 1
Spanish, 23.06.2019 05:00
Translate the english subject pronouns to spanish and type them in the spaces below. when the subject is a0 i a1 you-familiar singular a2 he a3 we, feminine a4 you-formal plural a5 you-plural, feminine
Answers: 1
Spanish, 23.06.2019 08:00
Choose the correct pronoun that completes the sentence. tú das los regalos a ellos. a me b te c le d les question 3 choose the appropriate ending for the sentence. ella te da muchos regalos a a mà b a ti c a ella d a ellos question 4 choose the correct pronoun that completes the sentence. los niños dan las flores a mÃ. a te b me c le d les question 5 choose the appropriate verb that completes the sentence. nosotros el dinero de mi abuela. a recibe b reciben c recibimos d recibo question 6 choose the correct pronoun that completes the sentence. el chico da las flores a su amiga. a le b te c les d nos question 7 choose the appropriate ending for the sentence. mi hermana les da los papeles a al profesor b del profesor c a los profesores d de los profesores question 8 choose the appropriate ending for the sentence. los niños le dan las flores a a ellos b a mà c a la mamá d a nosotros question 9 choose the appropriate verb that completes the sentence. nosotros los regalos en diciembre. a recibimos b recibÃs c recibe d reciben question 10 (1 point) choose the appropriate verb that completes the sentence. la escuela mucha tarea a nosotros. a nos dan b nos da c nos damos d nos doy
Answers: 2
Ahmed owns a small business selling coffee makers to other businesses. On 31st December 2020 he extr...
Biology, 24.08.2020 21:01
Mathematics, 24.08.2020 21:01
Mathematics, 24.08.2020 21:01
History, 24.08.2020 21:01
Biology, 24.08.2020 21:01
Biology, 24.08.2020 21:01
Chemistry, 24.08.2020 21:01
Mathematics, 24.08.2020 21:01
Chemistry, 24.08.2020 21:01
Mathematics, 24.08.2020 21:01
Mathematics, 24.08.2020 21:01
History, 24.08.2020 21:01
Mathematics, 24.08.2020 21:01
Mathematics, 24.08.2020 21:01
Physics, 24.08.2020 21:01
Physics, 24.08.2020 21:01
English, 24.08.2020 21:01