Question: Tutorial - Question 4 The business received a telephone bill of 890 as at 31 December 2019, 500 has been paid in December 2019 and

Tutorial - Question 4 The business received a telephone bill of

Tutorial - Question 4 The business received a telephone bill of 890 as at 31 December 2019, 500 has been paid in December 2019 and the remaining payment will be settled in the following month. Assume that the firm accounting period end on 31 December 2019. Prepare the expenses account for the year ended 31 December 2019

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 Finance Questions!

1. Jackson Services had the following accounts and balances at December 31: Account Debit Credit Cash $ 20,000 Accounts Receivable 6,000 Prepaid Insurance 1,500 Supplies 5,000 Accounts Payable $ 500...

QUESTION 2 (CONTINUED) STATEMENTS OF COMPREHENSIVE INCOME FOR THE REPORTING PERIOD ENDED 31 DECEMBER 2019 Stewie Ltd Quagmire Ltd Revenue 3 860 250 1 160 000 Cost of sales (1 675 000) (315 000) Gross...

QUESTION 2 (CONTINUED) STATEMENTS OF COMPREHENSIVE INCOME FOR THE REPORTING PERIOD ENDED 31 DECEMBER 2019 Revenue Cost of sales Gross profit Other income Net operating expenses Profit before tax Tax...

4 Question 2: (25 Marks) Mr Ranrup sells computer tables. He does not keep a full set of accounting records. However, the following information has been produced from the business's records. (i)...

prepare: -Opening balances - January transactions together with the adjustments needed (in Additional Information for Adjusting Entries). - Generate Income Statement (Accrual) for the month ended 31...

continuing please answer thank you in July, Sullivan Realty completed these transactions: 2019 July #17, p. 239 #18, p. 240 #19, p. 240 #20a & b, pp. 240 & 241 #21, p. 241 #22, p. 241 #23, p. 242...

very long question AP-14A LO Gherry Shoe Store had the following account balances as at April 30, 2019. Gherry's Shoe Store Trial Balance April 30, 2019 Account Title DR CR Cash $8,660 Accounts...

Ted Miller was born and raised in Baltimore, MD where he spent most of his youth involved in music. From playing the trumpet in his school jazz band to playing the drums in a neighborhood rock band,...

Question 1 (75 marks: 100 minutes) : PART A (20 marks: 27 minutes) You are an audit senior who has been assisting with the audit of Harlequin Ltd (Harlequin) for the year ended 31 December 2019. You...

accounting general ledger ...attached is the information The goal of this graded project is to create the following financial statements for J & L Accounting, Inc.: Balance sheet Income statement...

. 1. Alora is a transdermal system designed to deliver estradiol continuously and consistently over a 3-4 day period when placed on the skin. Alora provides systemic estrogen replacement theory in...

Religion plays key role in shaping societies and establishes their cultural foundation. Analyze the given statement in light of Ancient Indian Civilization and Muslim Civilization. (150-200 words)

What file on the OS level has DNS name servers configured? letc / hosts letc / resolv . conf letc / shadow / etc / inittab / etc / systemd . conf

SIMAD UNIVERSITY Class: BACC25 Subject: Islamic Accounting Instructions: a) Follow The Instructions. Midterm Exam Instructor: All Ibrahim Date: 6-4-2022 b) You Have 1.5 Hrs. To Complete This Test. c)...

2. Take a look at a piece of writing youve produced (an essay, your rsum, or a private Facebook message to a friend). Do you use high or low levels of abstraction? Is your choice of language...

4. Examine the language you use in mediated communication. Are there subtle ways in which you and your communication partners negotiate influence and create connectedness? Are any language choices...

1. Describe the power of nonverbal communication