5. Jojomat Ltd owns a small business making and selling children's toys. The following trial balance was extracted from her books on 31 December 2020: Credit RM Particulars Debit RM Capital Drawings Sales 15,000 2,000 90,000 Inventory at 1 January 2020: Raw materials Finished goods 3,400 6,100 18,000 800 Purchased of raw materials Carriage inwards Factory wages Office salaries 18,500 16,900 10,400 Jojomat : Salary and expenses General expenses: Factory Office 1,200 750 Lighting Rent 2,500 3,750 Insurance 950 Advertising Bad debts 1,400 650 Discount received 1,600
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- 5. Jojomat Ltd owns a small business making and selling children's toys. The followir trial balance was extracted from her books on 31 December 2020: Particulars Debit RM Credit RM Capital Drawings Sales Inventory at 1 January 2020: Raw materials Finished goods Purchased of raw materials 15,000 2,000 90,000 3,400 6,100 18,000 800 Carriage inwards Factory wages Office salaries 18,500 16,900 10,400 Jojomat: Salary and expenses General expenses: Factory 1,200 750 2,500 3,750 950 Office Lighting Rent Insurance Advertising Bad debts Discount received 1,400 650 1,600 Prepared by: Puan Siti Nor Junita Mohd Radzi Current ligbilif Account paya5. Jojomat Ltd owns a small business making and selling children's toys. The following trial balance was extracted from her books on 31 December 2020: Particulars Debit Credit RM RM Capital Drawings Sales Inventory at 1 January 2020: Raw materials Finished goods Purchased of raw materials Carriage inwards Factory wages Office salaries Jojomat : Salary and expenses General expenses: Factory Office 15,000 2,000 90,000 3,400 6,100 18,000 800 18,500 16,900 10,400 1,200 750 Lighting Rent Insurance Advertising Bad debts Discount received 2,500 3,750 950 1,400 650 1,6007. Bangura started business on January 2020 as a manufacturer of children's toys. The balances extracted from his books as at December 31, 2020 were as follows: Plant and machinery at cost (January 1, 2020) Sales Purchases of raw materials Repairs of machinery Direct factory wages Indirect factory wages Carriage on raw materials Electricity and rent Sales and distribution expenses Administrative expenses GH₂ 90,000 190,000 63,000 13,600 40,000 7,000 4,000 16,600 15,000 40,000 Additional Information: (i) Depreciate plant and machinery at 10% per annum on cost; (ii) Stocks at December 31, 2020: GH¢ 10,000 4,000 Raw materials Partly finished goods Finished goods 15,300 (iii) Electricity and rent owed as at December 31, 2020 was GHe 3,000, (iv) Electricity and rent is to be apportioned to factory and administration in the ratio of 3:2; (v) Goods produced during the year are to be transferred to the trading account at GHe 150,000. You are required to prepare Bangura's Manufacturing,…
- 5. Jojomat Ltd owns a small business making and selling children's toys. The following trial balance was extracted from her books on 31 December 2020: Particulars Debit Credit RM RM Capital Drawings Sales Inventory at 1 January 2020: Raw materials Finished goods Purchased of raw materials Carriage inwards Factory wages Office salaries Jojomat : Salary and expenses General expenses: Factory Office Lighting Rent Insurance Advertising Bad debts Discount received 15,000 2,000 90,000 3,400 6,100 18,000 800 18,500 16,900 10,400 1,200 750 2,500 3,750 950 1,400 650 1,600 Prepared by: Puan Siti Nor Junita Mohd Radzi Carriage outwards Plant and machinery, a cost less depreciation Car, at cost less depreciation Bank Cash in hand Account receivable and account payable 375 9,100 4,200 3,600 325 7,700 112,600 112,600 6,000 TOTAL Additional information: i. Inventory at 31 December 2020: a. Raw materials RM2,900 b. Finished goods ii. Depreciation for the year is to be charged as follows: a. Plant and…Jojomat Ltd owns a small business making and selling children’s toys. The following trial balance was extracted from her books on 31 December 2020: Particulars Debit RM Credit RM Capital 15,000 Drawings 2,000 Sales 90,000 Inventory at 1 January 2020: Raw materials Finished goods 3,400 6,100 Purchased of raw materials 18,000 Carriage inwards 800 Factory wages 18,500 Office salaries 16,900 Jojomat : Salary and expenses 10,400 General expenses: Factory Office 1,200 750 Lighting 2,500 Rent 3,750 Insurance 950 Advertising 1,400 Bad debts 650 Discount received 1,600 Carriage outwards 375 Plant and machinery, a cost less depreciation 9,100 Car, at cost less depreciation 4,200 Bank 3,600 Cash in hand 325 Account receivable and account payable 7,700 6,000…A. Prepare for the Income Statement (Service) of Cruz Law Firm for the year ended December 31, 2020. P520,000 8,500 Revenue Utilities Expense Rent Expense Salaries Expense Advertising Expense 10,500 125,000 5,000
- Jojomat Ltd owns a small business making and selling children’s toys. The following trial balance was extracted from her books on 31 December 2020: Particulars Debit RM Credit RM Capital 15,000 Drawings 2,000 Sales 90,000 Inventory at 1 January 2020: Raw materials Finished goods 3,400 6,100 Purchased of raw materials 18,000 Carriage inwards 800 Factory wages 18,500 Office salaries 16,900 Jojomat : Salary and expenses 10,400 General expenses: Factory Office 1,200 750 Lighting 2,500 Rent 3,750 Insurance 950 Advertising 1,400 Bad debts 650 Discount received 1,600 Prepared by: Puan Siti Nor Junita Mohd Radzi Carriage outwards 375 Plant and machinery, a cost less depreciation 9,100 Car, at cost less depreciation 4,200 Bank 3,600 Cash in hand 325 Account receivable and account…1. Jorasmi Enterprise Trial Balance as at 31 December 2020 Credit RM Particulars Debit RM Inventory of raw materials 1 Jan 2020 Inventory of finished goods 1 Jan 2020 Work in progress 1 Jan 2020 Wages (direct RM180,000, factory indirect RM145,000) Royalties Carriage inwards (on raw materials) Purchases of raw materials Productive machinery (cost RM280,000) 21,000 38,900 13,500 325,000 7,000 3,500 370 000 230.000 12,000 31,000 7,500 13,700 44,000 Administration computers (cost RM20,000) Coneral factory expenses General Lighting actory power Factory Administration salaries Sales Sales representative salaries Commission on sales Rent 30,000 11,500 12,000 4,200 13,400 2,300 4,800 5,900 Insurance General administration expenses Bank charges Discount allowed Carriage outwards Sales 1,000,000 64,000 Account receivable and accounts payable Bank Cash Drawings Capital as at 1 Jan 2020 142,300 16,800 1,500 60,000 357,800 1,421,800 1,421,800 ТОTAL Prepared by: Puan Siti Nor Junita Mohd Radzi…1. Jorasmi Enterprise Trial Balance as at 31 December 2020 Particulars Debit Credit RM RM Inventory of raw materials 1 Jan 2020 Inventory of finished goods 1 Jan 2020 Work in progress 1 Jan 2020 Wages (direct RM180,000, factory indirect RM145,000) Royalties Carriage inwards (on raw materials) 21,000 38,900 13,500 325,000 7,000 3,500 370,000 230,000 12,000 31,000 7,500 13,700 44,000 30,000 11,500 12,000 4,200 13,400 2,300 4,800 5,900 Purchases of raw materials Productive machinery (cost RM280,000) Administration computers (cost RM20,000) General factory expenses Lighting Factory power Administration salaries Sales representative salaries Commission on sales Rent Insurance General administration expenses Bank charges Discount allowed Carriage outwards Sales Account receivable and accounts payable 1,000,000 64,000 142,300 16,800 1,500 60,000 Bank Cash Drawings Capital as at 1 Jan 2020 357,800 ТОTAL 1,421,800 1,421,800 Prepared by: Puan Siti Nor Junita Mohd Radzi Additional information: i.…
- 1. on 1st Jan 2019 a club had received prepaid subscription of GHS 560. during the year ended 31 december 2019, the club received subscription GHS8480. on 31 december 2019 subscription to the club amounted to GHS400. which amount should be shown for subscription in the income and expenditure account for 2019. 2. A company has sales of GHS1000. the company sells three types of goods. 60% of sales are of type A which is sold at a markup of 20%. Type B goods are sold at a margin of 30%. The cost of type B sold in the year was GHS154 and total gross profit for the year was GHS184. What was the cost of sales of type A?Refer to the information for Cox Inc. above. What amount would Cox record as depreciation expense for 2019 if the units-of-production method were used ( Note: Round your answer to the nearest dollar)? a. $179,400 b. $184,000 c. $218,400 d. $224,000StudentCo Consulting in Manitoba has seven employees with total gross earnings of $623,800.00 and excess earnings of $54,623.00. Calculate the total assessable earnings for Worker's compensation, when the maximumn assessable earnings for 2022 are $150,000.00 $569,177.00 $623,800.00 $678.423.00 $1.050,000.00