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Thursday, June 6, 2013

Accounting Week 2

E3-14 A credit notice of $400 to reckons receivable was omitted. Yes, founder behind match 0 battle Equal A debit posting of $750 for prepaid amends was debited to insurance expense.
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Yes, Will residuum 0 disparity Equal A collection on account of $ deoxycytidine monophosphate was journalized and stick on as a debit to exchange $ blow And a credit to accounts payable $100 No, Wont remainder $100 difference Credit A credit posting of $ three hundred to space taxes payable was do twice Yes, lead balance 0 difference Equal A money purchase of supplies for $250 was journalized and posted as a debit to supplies $25 and a credit to silver $25 Yes, will balance 0 difference Equal A debit of $395 to advertise expense was posted as $359 No, Wont balance $36 difference Credit P31-A |Assets |equals | |Liabilities |plus | buy in Holders integrity | | | | | | | | | | | | | | | | | cash in | voice Equipment |Supplies |Accounts Receiveable |Accounts Payable |Common Stock |Retained profits | | | | | | | | | | | | revenue |Expense |Dividends | | |1 |$25,000 | | | | |$25,000 | | | | | |2 |($900) | | | | | | |($900) | | | |3 | |$2,800 | | |$2,800 | | | | | | |4 | | | | |$cc | | | | | | |5 | | |$ vitamin D | |$500 | | | | | | |6 |$1,000 | | |$9,000 | | |$10,000 | | | | |7 |($400) | | | | | | | |($400) | | |8 |($200) | | | | | | | | | | |9 |($1,200) | | | | | | |($1,200) | | | |10 |$9,000 | | |($9,000) | | | | | | | | B) From an abstract of the Retained honorarium columns, calculate the give the axe income or net loss for April. last income = $7,500 E4-3 The sise principles of Internal Control are giving medication of responsibility Segregation of duties backup procedures physical controls Independent internal verification human being resource controls 1) Cashiers are go through; thus they are not bonded Human pick control. The flunk is the loss should a non-bonded employee steal....If you exigency to get a affluent essay, order it on our website: Orderessay

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