Q.Following balances have been extracted from the different ledgers of a non-manufacturing company named- HR Company Limited.
Fantastic news! We've Found the answer you've been seeking!
Question:
Q.Following balances have been extracted from the different ledgers of a non-manufacturing company named- HR Company Limited. Prepare a trial balance on 31 October 2021: Cash 3,000; A/c Payable 4,000; Service revenue 6,000; Unearned revenue 2,500; Office furniture 7,000; Prepaid salary 1,500; Owner’s drawing 3,100 Supplies 1,000; Administrative expense 3,500; Office rent 2,900 and Owner’s capital 9,500.
Expert Answer:
Answer rating: 100% (QA)
Answer Office Furniture Prepaid Salary Owners drawing Supplies HR Company Limited Trial Balance Acco... View the full answer
Posted Date:
Students also viewed these accounting questions
-
Identify each of the statements below as TRUE or FALSE. Then, justify your answer by explaining why. A) A foil is ALWAYS a character. B) A foil is ALWAYS an antagonist. C) A Foil can ONLY differ from...
-
Identify each of the statements below as TRUE or FALSE. Then, justify your answer by explaining why. A) An archetype is ALWAYS a character. B) Characterization only includes descriptions of the...
-
Zara River Resort opened for business on March 1, 2020 with eight air conditioned units. Its trial balance before adjustment on May 31,2020 is as follows: Sadia River Resort Number Particulars 1 2 3...
-
In July 2009, Malcolm bought a piece of land for 40,000. In June 2016 he sold part of the land for 11,000. This disposal was not caused by a compulsory purchase and was his only disposal of land in...
-
The post-closing trial balance of Custer Products, Inc. on April 30 is reproduced as follows: During May, the following transactions took place: a. Purchased raw materials at a cost of $45,000 and...
-
1. What effect did changes in government regulations have on the way Macys had to conduct its business? 2. What effect did the economy and current interest rates have on the ability of Macys to sell...
-
Pilot Company had operating expense of \(\$ 40,000\). At the beginning of the year, Pilot owed \(\$ 8,000\) on accrued liabilities. At year-end, accrued liabilities were \(\$ 4,000\). How much cash...
-
Transfer pricing, goal congruence. The Orsilo Corporation makes end sells 10,000 multisystem music players each year Its Assembly Division purchases components from other divisions of Orsilo or from...
-
Use the Comparison Theorem to determine whether the following integral is convergent or divergent. ? DO 32 1. da
-
Karakomi Cameras Inc. has a Disposables Division that produces a camera that sells for $15.00 per unit in the open market. The cost of the product is $13.10 (variable manufacturing of $5.00, plus...
-
VT Limited is one of several subsidiaries in the GP group of companies. It manufactures electronic control units and sells them both on the open market and to fellow subsidiaries. Recent market...
-
Explain the difference between increasing, constant and decreasing returns to scale.
-
Why is the point of profit maximization where marginal cost equals marginal revenue?
-
What are the characteristics of a competitive market? Which of the following drinks do you think is best described by these characteristics? Why arent the others? a. tap water b. bottled water c....
-
What do you think are the main costs of inflation that is out of control on the population?
-
Why can specialization and trade help improve standards of living?
-
Discuss the role compensation plays in motivating employees. What factors are likely to retain employees and support job performance and commitment to the organization? Discuss what makes goals...
-
Select the correct answer for each of the following questions. 1. On December 31, 20X3, Saxe Corporation was merged into Poe Corporation. In the business combination, Poe issued 200,000 shares of its...
-
If you could interview any historical figure who contributed to the development of the U.S. nonprofit sector, who would you choose, and why? What three questions would you most like to ask this...
-
Stephen Wernet has claimed that resources are the crucial link between operation and survival and that organizations change only when they experience a significant shift in resources. Do you agree or...
-
Of the different theoretical approaches to leadership, which one did the YSN board tend to rely on most in selecting an executive director for the agency? What are the likely consequences of...
Study smarter with the SolutionInn App