Assignment Exercise Unit 1 and 2
Unit 1. Adequate drill on the Excel overlay shuffle granted.
Balance shuffle items
From the subjoined schedule of separated items smitten from the history of Wright Appliance Service as of a favoring conclusion, authenticate those that would answer on the equalize shuffle.
1. Accounts Receivable
2. Consummate Hoard
4. Fees Earned
5. Schism Outlay
6. Salaries Outlay
7. Salaries Payable
9. Supplies Outlay
10. Utilities Outlay
✓ a. $10,829
Determine the damage amounts (in millions) for the terse equalize shuffles shown beneath.
Financial announcement items
Identify each of the subjoined items as (a) an asset, (b) a impost, (c) wealth, (d) an outlay, or (e) a dividend:
1.Amounts due from customers
2.Amounts owing suppliers
3.Cash on hand
4.Cash hired to hoardholders
7.Note payable owing to the bank
8.Rent hired for the month
9.Sales commissions hired to salespersons
10.Wages hired to employees
Statement of consummate flows
Indicate whether each of the subjoined consummate activities would be reported on the announcement of consummate flows as (a) an unreserved principle, (b) an investing principle, or (c) a financing principle.
1. Issued consummate hoard
2. Hired schism
3. Hired for station equipment
4. Sold services
5. Issued a voicelessness payable
6. Sold debauchery station equipment
7. Hired stationrs' salaries
8. Hired for advertising
9. Hired prophylactic
10. Hired dividends
Unit 2: Use Excel Overlay Shuffle to adequate this assignment.
✓ Net allowance, $45,000
After its primary month of production, the subjoined amounts were smitten from the accounting history of Benjamin Realty Inc. as of April 30, 2013.
Prepare an allowance announcement for the month consummation April 30, 2013.
Retained hues announcement
✓ Retained hues, April 30, 2013, $35,000
Using the financial postulates shown in Drill 2-17 for Benjamin Realty Inc., plan a retained hues announcement for the month consummation April 30, 2013.
✓ Total property, $95,000
Using the financial postulates shown in Drill 2-17 for Benjamin Realty Inc., plan a equalize shuffle as of April 30, 2013.