You have just been hired to prepare, if possible, an income statement for the year ended December
Question:
Assume that Roger's Window Washing Company records all revenues when earned and all expenses when incurred.
You feel that it is part of your job to tell Roger how to organize his records better. What would you tell him?
Transcribed Image Text:
Widow oleaxing 811,376 7,200 yinvestment Loan from brothern-law oney oat 85, 080 6, 200 7 400 Withdrawabs What I owe or the% owe me A. People that work for me batlstill owe salaries to $1,800 B. Owe ban inrest f 8300 C. Work. done but olierte etile owe R& $2,900 D. Ader tising bill de but rot paid 95
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 68% (16 reviews)
Advice to Roger In the long run a formal bookkeeping and accounting system may prove less costly ...View the full answer
Answered By
Shrinivas Parepalli
I was done post-graduation from Dr. BAMU and in addition to my career, I did the teaching Profession course. I was carried out various experiment in science laboratory from my graduation time. I also learned good manner of instrument handling in microbiology laboratory.
I had total experience of teaching 7 years in school & 2 years work as lecturer in college & five years for work as science teacher in schools. I had worked as research fellow at Dr. Babasaheb Ambedkar Marathwada University, Sub-Campus Osmanabad. During my post graduate, I was helped to my senior in various agriculture projects. I was published two research papers on 1. Bio-degradation of the Methyl Orange dye by Pseudomonas and 2. studies on bio-decolourization of Malachite green dye by Pseudomonas sp. isolated from Osmanabad.
I am teach the students in effective way thereby students retain the concepts of topic for longer time. I am try to reach depth of topics to understand and it is helpful for deliver the class. My hobby is to read science related magazines & articles.
0.00
0 Reviews
10+ Question Solved
Related Book For
College Accounting A Practical Approach
ISBN: 978-0132564441
11th Canadian Edition
Authors: Jeffrey Slater, Brian Zwicker
Question Posted:
Students also viewed these Accounting questions
-
The following selected information is taken from the records of Pickard and Associates. 1. Prepare an income statement for the year ended December 31, 2012. (Assume that 11,000 shares of stock are...
-
The following account balances appear in the 2012 adjusted trial balance of Beavers Corporation: Service Revenue, $225,000; Salaries Expense, $100,000; Supplies Expense, $15,000; Rent Expense,...
-
It is July 15, 2014. You, a junior accountant at a small accounting firm, go over your notes from your afternoon meeting with Marco Douga. Marco came to your office looking for help with his...
-
Solve the following general system by inverting the coefficient matrix and using Theorem 1.6.2. x1 + 2x2 + 3x3 = b1 x1 - x2 + x3 = b2 x1 + x2 = b3 (a) b1= - 1, b2 = 3, b3 = 4 (b) b1 = - 1, b2 = -1,...
-
In exercise 5, the following data on x = the number of defective parts found and y = the line speed (feet per minute) for a production process at Brawdy Plastics provided the estimated regression...
-
Fill in the blanks with an appropriate word, phrase, or symbol(s). The largest natural number that divides (without remainder) each number in a set of numbers is known as the greatest common ________...
-
The following data is available for a four stroke petrol engine stroke volume \(=6\) Litres. Mean effective pressure \(=6\) bar. Speed of engine \(=750\) RPM. Calculate i.p. of the engine.
-
You are auditing Riverview Medical Center for its fiscal year ending December 31, 2010. During your tests of account balances you noted the following: 1. The November revenue journal indicates that...
-
On a dark evening, householders in Bling Road called police to report that a suspicious person was checking out houses in the street. The callers were unable to provide a physical description of the...
-
Alex, Alicia, and Juan fill orders in a fast-food restaurant. Alex incorrectly fills 20% of the orders he takes. Alicia incorrectly fills 12% of the orders she takes. Juan incorrectly fills 5% of the...
-
Howard McGraw of Windsor opened First City Surveying Service. As his accountant, analyze the transactions listed and present to Howard the following information, in proper form: 1. The analysis of...
-
While Jon Lune was on a business trip, he asked Abby Slowe, the book-keeper for Lune Co., to try to complete a balance sheet for the year ended December 31, 2013. Abby, who had been on the job only...
-
The following information relates to the Jimmy Johnson Company. Instructions Use the dollar-value LIFO method to compute the ending inventory for Johnson Company for 2010through Date December 31,...
-
What are two primary limitations of MapReduce v 1 ? A . TaskTrackers can be a bottleneck to MapReduce jobs B . Scalability C . Number of TaskTrackers limited to 1 , 0 0 0 D . Workloads limited to...
-
Suppose no def minimum ( 1st ) : 01 mini None 112 for element in 1st : if (mini 20 119 line 48 successfully executes, what will be stored in memory location "b"? 40 41 42 14 06 DE or def maximum (...
-
Consider the following code segment. list ArrayList list.add("Bob"); list.add("Sue"); list.add("Tom"); list.add("Pat"); list.add(1,"Ted"); list.add (1, "Jan"); System.out.println(list); = new...
-
REFERRAL_SOURCE is a table that returns one row per person who can refer a patient. REFERRAL_SOURCE.REF_PROVIDER_ID stores the ID of the user's linked provider record. CLARITY_SER returns one row per...
-
One of the first things you must do in developing a model is: A . backwards calculate what inputs are required for the defined inputs. B . select the correct modeling software. C . consult a...
-
Sketch the graph of the equation by point plotting. y = (x - 3)
-
Difference between truncate & delete
-
Complete the following statements. a. ______: rights of the creditors b. ______ are total value of items owned by a business. c. ______ ______ is an unwritten promise to pay the creditor.
-
From the following, which are subdivisions of owners equity? a. Trees ______ b. J. Penny, Capital ______ c. Accounts Payable ______ d. J. Penny, Withdrawals ______ e. Accounts Receivable ______ f....
-
Indicate whether the following items would appear on the income statement (IS), statement of owners equity (OE), or balance sheet (BS). a. ______ Tutoring Fees Earned b. ______ Office Equipment c....
-
Imagine a monopolist producing software xyz is facing a competitive labor market. The monopolist has the following production technology; Q 10L0.5 K0.5. The level of capital is fixed at 1 (K = 1)....
-
3. Finding Participation & unemployment Rates [11] 2019 20 20 Total population 15 years and over 4.2 million Those 15 years and over not in the labour 1.4 million force population 4.2 million 1.4...
-
will be 0? Find all the Nash equilibria (both pure and mixed). In equilibrium, what is the probability that the sum of the players' payoffs
Study smarter with the SolutionInn App