Construct a trial balance from the given list of balance

Assignment Help Financial Accounting
Reference no: EM131199836

Practice questions:

Construct a trial balance from the following list of balances taken from the accounts of Jeans Farm Eggs, calculating the figure for capital:

                            £

Purchases             17.500

Bank                    13.500

Sales                    16.800

Equipment              24.000

Vehicles                 21.000

Offices expenses       2.000

Capital                       ?

Reference no: EM131199836

Questions Cloud

Karl marx contributions to sociology : What do you make of Karl Marx's contributions to sociology? What perceptions of Marx have you been exposed to in your society, and how do those perceptions influence your views?
What are some of factors that affect speed resolution : Explain why the speed resolution of a shaft encoder depends on the speed itself. What are some of the other factors that affect speed resolution? The speed of a dc motor was increased from 50 to 500 rpm.
What is the angular resolution of the device : The word size of the output data is 12 bits. What is the angular (displacement) resolution of the device? Assume that quadrature signals are available but that no interpolation is used.
Identify and prioritize critical it systems and components : Create a business impact analysis on SanGrafix a video game design company. The BIA should include a descriptive list of the organization's key business areas. The BIA helps to identify and prioritize critical IT systems and components. A template..
Construct a trial balance from the given list of balance : Construct a trial balance from the following list of balances taken from the accounts of Jeans Farm Eggs, calculating the figure for capital:
What effect does step-up gearing have on speed resolution : What is the speed resolution in each case? What effect does step-up gearing have on the speed resolution?
Explain one current issue facing the united states today : Identify one current issue facing the United States today. Analyze the respective roles of Federal and state authorities in addressing the issue.
Identify specific sustainability measures : Sustainability Measures-Identify specific sustainability measures that could be incorporated into the project to ensure viability in the short term.It is essential to bear in mind that sustainability does not merely relate solely to environmental is..
What is the forecasted revenue : The income elasticity for your companies product A is 0.5; for product B he income elasticity it is 1.2; and for product C the income elasticity is -1.2. The country is in a recession and personal income is forecasted to fall by 2.2%. What is the ..

Reviews

Write a Review

Financial Accounting Questions & Answers

  Prepare journal entries and t accounts

Prepare journal entries and t accounts, what is asked of me is follows: earned 208,000 in revenue, including 52,000 on credit and the rest in cash.

  Contribution margin technique-compute the break-even point

In the month of March, Style Salon services 660 clients at an average price of $160. During the month, fixed costs were $21,700 and variable costs were 65% of sales. Determine the contribution margin in dollars, per unit, and as a ratio. Using the co..

  About the taxable income

David and Doris Kelley were divorced on February 3, 2014. They lived apart during 2014. The divorce decree required David to make the following payments: Transfer full title to their jointly owned family home to Doris. Fair market value of the home i..

  Fancy and plain

McGrath's produces and sells two types of t-shirts - Fancy and Plain

  How will chip and dale split the net income or loss

Under a general partnership, each partner is considered an agent of a general partnership and is liable for. How will Chip and Dale split the net income/loss?

  Journal entries for prepaid expenses- insurance

Prepaid expenses- insurance - Use the horizontal model or write the journal entry to record the payment of a one-year insurance premium of 3,000 on March 1.

  Capital structure and ratio analysis

Investigate how the concepts of dividend policy, cost of capital, and other aspects of corporate financial management theory learned in this course affect the financial profile of the firm your group has selected.

  What is the companys break-even point in total sales dollars

What is the company's break-even point in total sales dollars? At the break-even point, how much of the company's sales are provided by each type of service?

  Calculate the book value of machine

Calculation of book value of machine - what will be the machine's book value as of December31, 2008?

  Future enacted income tax

Gore elected to expense $150,000 and to use straight-line depreciation which will allow a cost recovery deduction of $120,000 for 2015. Assume a present and future enacted income tax rate of 30%

  General fund receives electric bill for entire government

Which classification of expenditures would be the following scenario? The general fund receives an electric bill for the entire government. The General fund paid the bill.

  Whether following error would cause the accounting equation

The payment of utilities of $3,700 was recorded as a decrease in cash of $3,700 and a decrease in retained earnings (utilities expense) of $7,300.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd