Question: Question 6 Answer saved Marked out of 1.00 Given below is extract of the Trial Balance as at 31 December, 2017 of Marwa Co:

Question 6 Answer saved Marked out of 1.00 Given below is extract of the Trial Balance as at 31 December, 2017 of Marwa Co: Debit Salaries and Wages $35,000 Flag question Rent $ 25,000 Other Information: Salaries and Wages accrued for the year amounted to $3,200. Rent Prepaid for the year was $2,500. What amount will appear as a Current Asset in the Statement of Financial Position as on 31 December, 2017? OA. $31,800 B. $3,200 OC $2,500 OD. $22,500

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

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

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Determine the acceleration of the shaft B for = 60 if the crank OA has an angular acceleration = 8 rad/s2 and an angular velocity = 4 rad/s at this position. The spring maintains contact between...

Side panel 1 UNISA 2023 FAC1502-23-S2 Welcome Message Assessment 1 QUIZ Assessment 1 Open course index Open block drawer Back Time left 0:44:52 Question 1 Answer saved Marked out of 2.00 Flag...

Given information for questions 12 24 Park and Kruger are the only members of Parkruger CC. They have an equal interest in the corporation and distribute profits accordingly. The following...

Question 4 Answer saved Marked out of 1.00 Remove flag Income Taxes Payable was credited for $7,500 in the entry when Antonio Company recorded payroll. When Antonio Company records employer's payroll...

Attempt four of the five questions Question 1 Beta Shoes Ltd manufactures a shoe brand with a trade name 'Beta Shoe' and also imports a brand 'Marie Claire' for elegant ladies. For the year ended 30...

Question 1 Read the case study ?Wi R Tools? below and answer the questions which follow. Wi R Tools Until recently, Winston Roberts has worked as a successful local handyman for a number of years and...

Answer ALL QUESTIONS CORRECTLY Question 6 (a) (b) Explain, with examples. the meaning and application of the following accounting concepts: (i) Accrual. (2 marks) (ii) Prudence. (2 marks) (iii) Going...

7 . The accountant of Mambopotea Lid, by error, entered cheques Shs 560,000 received from MB Beverages as a credit Shs 650,000 and Shs 3,200,000 paid to Computer World as a credit Shs 2,300,000 in...

Required: Prepare. for Dmondi 8 Dmollo Co. advocates for the year ended 31 December 2017, (i) statement of corrected net profit. (4 marks) (ii) appropriation account. (4 marks) (iii) goodwill...

Please help i am having trouble with my assignment this is my last module to graduate please help me do it so can compare my answers and pass. FACULTY DEPARTMENT SUBJECT MARKS ASSESSSMENT ECONOMICS...

The free-rider problem refers to: Choose one answer. a. a situation in which consumers have no incentive to pay for a nonexcludable good. b. a variation on the phrase, There's no such thing as a free...

Encapsulate the following Python code from Section 7.5 in a function named my_sqrt that takes a as a parameter, chooses a starting value for x, and returns an estimate of the square root of a. while...

Which of the following procedures is not a procedure that is completed near the end of the engagement? Mutple Choice Review cesh transactions. Review to identify subsequent events. Othain the...

Four and one-half years ago, Glenda purchased fifteen $1000 bonds in a Province of New Brunswick issue carrying an 8.5% coupon and priced to yield 9.8% (compounded semiannually). The bonds then had...

La Mesa manufactures unpainted furniture for the do-it-yourself (DIY) market. It currently sells a table for $75. Production costs are $39 variable and $10 fixed. La Mesa is considering staining and...

Give an example of an asset source transaction. What is the effect of this transaction on the accounting equation?

Maize Company incurs a cost of $35 per unit, of which $20 is variable; to make a product that normally sells for $58. A foreign wholesaler offers to buy 6,000 units at $30 each. Maize will incur...

is it true if past misdemeanors concviction over 5 years and maintain clean record since past 5 years, generally USCIS approve US CITIZENSHIP ? so USCIS only look back 5 years or above 5 ?

Which step is considered crucial to the marketing research process because it identifies the questions that must be answered? a. Setting objectives and research needs b. Designing the research...

What kinds of marketing research has the Y conducted? SWIM, LIFT, PLAYBUT ALSO DONATE: USING MARKETING RESEARCH TO REDEFINE THE YMCA Over the years, the YMCA has come to mean different things to...

A consumer packaged-goods company (e.g., Pepsi) has just developed a new beverage. The company needs to estimate the demand for such a new product. What sources of syndicated data could it explore?