Question: Plastics Ltd pays rent for a warehouse used for storage. The quarterly charge for security guard services is 800. The security firm sends an invoice

Plastics Ltd pays rent for a warehouse used for storage. The quarterly charge for security guard services is £800. The security firm sends an invoice on 31 March, 30 June, 30 September and 31 December. Plastics Ltd always pays the rent five days after the invoice is received. The security services have been used for some years. Plastics Ltd has an accounting year-end of 31 December.
Required
Prepare a spreadsheet to show how the transactions of one year in respect of security services are recorded?

Step by Step Solution

★★★★★

3.29 Rating (161 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Transaction or event Ownership interest Cash Rent Payable Capital contributed or withdrawn P... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

1372-B-M-A-M-A(3376).docx

120 KBs Word File

Students Have Also Explored These Related Managerial Accounting Questions!

Diner 64, Inc. This case study must be completed in Excel program using the formats provided in this workbook. Objectives: 1. Practice the steps involved in the Accounting Cycle 2. Practice...

The following is a list of costs incurred by several businesses: a. Cost of dyes used by a clothing manufacturer. b. Salary of the vice president of manufacturing logistics. c. Wages of a machine...

The following is a list of costs incurred by several manufacturing companies: a. Annual picnic for plant employees and their families b. Cost of fabric used by clothing manufacturer c. Cost of...

Liu Company purchased all the outstanding ordinary shares of Yang Plastics, Ltd. One December 31, 2011. Just before the purchase, the condensed statement of financial position of the two companies...

Question 1 White Limited is established in a special location in Hong Kong. The telephone fee comprises of a call charge and a monthly rental. White Ltd commenced trading on 1 July Year 3 and draws...

Required Prepare a spreadsheet to show how the transactions of one year in respect of security services are recorded. Question 2 Plastics Ltd pays rent for a warehouse used for storage. The quarterly...

Plastics Ltd pays rent for a warehouse used for storage. The quarterly charge for security guard services is 800. The security firm sends an invoice on 31 March, 30 June, 30 September and 31...

Prepare bookkeeping records for the information in question B10.2. Data From question B10.2: Plastics Ltd pays rent for a warehouse used for storage. The quarterly charge for security guard services...

B10.2 [S] Plastics Ltd pays rent for a warehouse used for storage. The quarterly charge for security guard services is 800. The security firm sends an invoice on 31 March, 30 June, 30 September and...

Please help answer any of the questions 12,800 4.800 $33850 Rockford Corporation is a wholesale plumbing supply distributor. The corporation was organized in 1981, under the laws of the State of...

studentnumberendswitha5 to Bob that with LOC of $25,000, Bod is able to borrow any amount up to $25,000 at any time whenever he needs the money, the interest will be charged upon the usage of the...

The flux density between two plates separated by mica of relative permittivity 5 is 2 C/m Find the voltage gradient between the plates.

One of the major components of the FASB conceptual framework is the objectives of financial reporting. What are the objectives of financial reporting?

Compute the following values of f ( x ) , which is the graph given ( no work required ) . ( Note: If an answer does not exist, write DNE ) ( 2 points each ) a . lim $ & ( ) b . f ( 8 ) c . lim $ + ,...

The Marconi familycomprising Mrs. Marconi, aged 40, Mr. Marconi, aged 38, and their three young children relocated to Barcelona in January 2020 when Mrs. Marconi received a job offer from a leading...

You are a volunteer in the ER at the General Hospital. A 70-year old male patient was brought in due to severe dehydration and sweating brought by a week-long heat wave. The patient needed an...

The following information was obtained from Orchid Furniture Enterprise for the month of November 2018. Write in the appropriate boxes the title of the accounts to be debited and credited together...

Explain the criteria for assessing the performance of a security, namely, the expected rate of return, the standard deviation of the rate of return, and coefficient of variation (CV). Explain how by...

The following list of transactions relates to the business of Peter Gold, furniture supplier, during the month of April. Analyze each transaction to show the two aspects of the transaction? Date...

(a) Using the list of transactions at question A6.4 above, prepare a spreadsheet similar to that presented in Table 6.8. Refer to A6.4, Table 6.8, Spreadsheet analyzing transactions into the elements...

What are the main sections of a statement of cash flows prepared according to IAS 7?

Implement a function, solve_neq(X, y) that implements Algorithm 1. It should return a Numpy vector containing the model parameter estimates. Steps of the algorithm: Your algorithm should carry out...

The Here Today Corporation has applied to your bank for a loan. You have their financial statements and the Z-score model of: Z = 6.56*(Net Working Capital/Total Assets) + 3.26*(Accumulated Retained...

An analyst gathers the following information about Meyer, Inc.: Meyer has 1,900 shares of 10% cumulative preferred stock outstanding, with a par value of $100 and liquidation value of $110. Meyer has...