Business
Business, 30.03.2021 22:10, hntnhtthnyt

QUESTION 1 Clara Kingley has her own business, Mink Stores. She sells blankets,
pillows and bed linen for cash only. The accountant always maintains a
favourable bank balance. The following transactions, amongst others, took
place in the business during February 2020.
REQUIRED:
ANALYSE THE TRANSACTIONS ACCORDING TO THE FOLLOWING
HEADINGS: (30 marks)
Subsidiary Book, Account Debited, Account Credited, Effect on the
Accounting Equation A + 0 + L. The net effect must be shown.
e. g. Received rent for two months from the tenant, G Genius, Rent is R500
per month
TRANSACTIONS DURING FEBRUARY 2020
4
5
Purchased 30 blankets on credit from Sunshine Stores. The
blankets cost R80 each.
The blankets were delivered by Kita Transport. Payment of R600
was made electronically - being cost of delivery.
Received the quarterly (3 months) interest at 9% p. a. from Usher
Bank on a fixed deposit of R30 000.
Ciara's daughter moved into a boarding home called Fulfill Your
Dreams. Payment of R800 was done via EFT to pay the term's
boarding fees.
Paid casual wages from petty cash, R200
25
30​

answer
Answers: 3

Other questions on the subject: Business

image
Business, 21.06.2019 19:40, heroicblad
Sean has placed a job ad and is now interviewing potential employees. which of the following questions is he legally allowed to ask during the interview? do you have any disabilities that will require special accommodation? how many children do you have? where did you earn your degree and how has it prepared you for this position? is this your maiden name that you have listed on the job application?
Answers: 2
image
Business, 21.06.2019 21:20, jesus3426
According to the u. s. census bureau (), the median household income in the united states was $23,618 in 1985, $34,076 in 1995, $46,326 in 2005, and $57,230 in 2015. in purchasing power terms, how did family income compare in each of those four years? you will need to know that the cpi (multiplied by 100, 1982–1984 = 100) was 107.6 in 1985, 152.4 in 1995, 195.3 in 2005, and 237.0 in 2015
Answers: 3
image
Business, 22.06.2019 03:30, youngcie04
In return for their with optimizing his painting project, the castle servant informed poly and digit that he saw someone dressed as the king leaving behind a trail of crumbs as he walked into the jester's room late last night. poly and digit have finally found the crisp-collecting culprit Ò€” it turns out the jester's shoe size and hair color match the clues that were found! in gratitude, poly and digit agree to the servant with his current task of replacing all of the tables and chairs in the castle. his goal is to determine which furniture company should produce the new furniture. he receives information from a company that customizes elegant furniture, and he wants to analyze the company's production process in order to calculate some problems about cost and availability. read the following scenario, and assist poly and digit as they the servant with his calculations. the fit for a king furniture company requires 2020 hours of labor to produce a standard table, and a chair requires 1212 hours of labor. the labor available is 565565 hours per week. the company can produce at most 3535 chairs per week.
Answers: 1
image
Business, 22.06.2019 21:00, diablo871
Frost corporation incurred the following transactions during its first year of operations. (assume all transactions involve cash.) 1) acquired $1,900 of capital from the owners. 2) purchased $435 of direct raw materials. 3) used $290 of these direct raw materials in the production process. 4) paid production workers $490 cash. 5) paid $290 for manufacturing overhead (applied and actual overhead are the same). 6) started and completed 250 units of inventory. 7) sold 140 units at a price of $6 each. 8) paid $130 for selling and administrative expenses. the amount of raw material inventory on the balance sheet at the end of the accounting period would be:
Answers: 3
Do you know the correct answer?
QUESTION 1 Clara Kingley has her own business, Mink Stores. She sells blankets,
pillows and be...

Questions in other subjects:

Konu
Social Studies, 20.11.2020 08:30
Konu
Advanced Placement (AP), 20.11.2020 08:30
Konu
Mathematics, 20.11.2020 08:30
Konu
Mathematics, 20.11.2020 08:30