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Prepare a financial statement from alphabetic listing of accounts:A number of accounts balances are listed below these accounts relate to Keenal Real Estate. During the year just ended. Keenel invested additional of 7500 in the businessAccounts payable 12250Accounts Receiveable 21900Advertising expense 10500Building 45000Cash 3620Entertainment Expense 16400Equipment 21700Interest Expense 3700Land 12000Misc Expance 2460Mortgage Payable 39500Notes Payable 21300Office supplies on hand 1720Real Estate commission earned 143750Salalries payable 1730Travel Expense 15900Withdrawls 14860keenan Capital Dec 31 1995 xxxxxKeenan Capital Jan 1 1995 11050Required:Prepare the three principal financial statements from the data of the year ended Dec 31, 1995.(Total Assets will be = 105940)
You may just be wondering as to see that how we control activities by ratios. The answer is not tough to seek. Ratios we have known for control of activities measures relationships
State the relationship between return and risk This relationship between return and risk has significant implications for setting financial objectives for a business. Owners wil
Objectives of Inventory management After going through this section, you will be capable to: highlight the requirement for and nature of inventory; describe the meth
Q. What do you mean by Franchise? Franchise - Legal arrangement whereby owner of a franchisor, trade name, contracts with a party who wants to use the name on a non-exclusive b
Staples INC has operating leases. Assuming a discount rate of 9%, adjust the current balance sheet for the presences of these leases. Which reported expenses would change if these
1 The entry establishing a $175 petty cash fund would include a: a) debit to cash for $175 b) credit to Petty cash for $175 c) debit to petty cash for $175 d) debit to miscellaneou
Transaction Entry Information: May 1 Owener H.Hadi invested $40,000 in the business
Prove that accounting equation is satisfied in all the following transactions of Mr.X 1. Commenced business with cash - Rs.80,000 2. Pu
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Q. Evaluation of Net working capital? The evaluation presumes that several key variables will remain constant such as the inflation rates, discount rate and the taxation rate.
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