and paste it when you want to use it. GENERAL LEDGER Account: Cash DATE EXPLANATION 31-May-2008 Balance REF. √ DEBIT CREDIT Account: DATE 31-May-2008 31-May-2008 Accounts Receivable EXPLANATION Balance Adjusting REF. √ J4 DEBIT CREDIT Account: DATE 31-May 31-May-08 Supplies EXPLANATION Balance Adjusting REF. √ J4 DEBIT Account: DATE 31-May-08 31-May-08 Insurance (prepaid) EXPLANATION Balance Adjusting REF. √ J4 DEBIT
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CASE STUDY 1 -THE COMPLETE ACCOUNTING CYCLE The Entire Case Study is due Sunday at Midnight Mountain time at the end of Week 3. This Case Study is worth 100 points or 10% of your final course grade. This Case Study relates to TCO’s D and E and Chapters 3 and 4. MAKE SURE TO COMPLETE ALL REQUIREMENTS WHICH ARE LISTED BELOW. There are 10 Sheets in the Workbook including this one. All of the Information you need for the Project is located in this Workbook. Requirements Requirement 1 - Prepare
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Tax worksheet for the year ended 31 December 2010 Particulars | Carrying Amount(CA) | Tax Base(TB) | Taxable Temporary Differences (TTD) | Deductible Temporary Differences (DTD) | Assets | | | | | Plant | 100‚000 | 105‚000 | | 5‚000* | Liabilities | | | | | | | | | | Total Temporary differences | | | 0 | 5‚000 | Tax rate | | | 30% | 30% | DTA on 31 December 2010 | | | | 1‚500 Dr | DTL on 31 December 2010 | | | 0 | | *since
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Journal Entries for Jan 1‚ 2003 to Dec 31‚ 2003 1/2 | Cash | | 375000 | | | | Capital Stock | | 375000 | 1/2 | Patent | | 125000 | | | | Capital Stock | | 125000 | 1/15 | Inc. Expenses | | 7500 | | | | Cash | | 7500 | 6/15 | PPE | | 62500 | | | | Cash | | 62500 | 6/24 | Inventory | | 75000 | | | | Cash | | 75000 | 7/1 | Service Expense | | 23750 | | | | Cash | | 23750 | 12/31 | Account Receivables | | 69500 | | | Cash | | 685000 | |
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Table of Contents Introduction Acknowledgement PRESENTATION Aims/ Objectives Description of Business Records Used Transactions APPLICATION OF PRINCIPLES Journals Cashbook Ledgers Control Account Trial Balance Closing Journal Income Statement: Trading and Profit & Loss A/c : Balance Sheet CONCLUSION: SUMMARY& EVALUATION Performance Statement Interpretation Comparison Suggestions/ Recommendation Conclusion Bibliography
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LECTURE 7 A system of communication Words and written symbols A two-way process Productive‚ complex‚ infinite Functions 1. Influences behaviors 2. Escapes reality with imagination 3. Communicates info and emotions PA10203 Lect 7 3/31/2013 2 1. 2. 3. Phonology – knowledge of language’s sound system (phonetics) Morphology – rules specifying how words are formed from sounds Semantics – meanings expressed in words Free morphemes – stand alone words Bound morphemes
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company began trading on 1 January 2009‚ preparing its financial statements to 31 December each year. As at 31 December 2011‚ the company adopted a new accounting policy with regard to the measurement of inventories. If the new policy had been applied in previous years‚ the company’s inventory at 31 December 2009 would have been £150‚000 higher than the amount originally calculated. Similarly‚ the inventory at 31 December 2010 would have been £400‚000 higher than the amount originally calculated
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12/01/2007 11/01/2010 11/01/2010 Y Y 01/01/1999 01/31/1999 01/01/1999 01/31/1999 Y 01/01/2007 01/01/2001 01/31/2007 01/31/2001 01/01/2007 01/01/2001 01/31/2007 01/31/2001 Y Y Silesian University‚ School of Business Administration 01/01/2007 01/31/2007 01/01/2007 01/31/2007 Y Silesian University‚ School of Business Administration 01/01/2009 01/31/2009 01/01/2009 01/31/2009 Y MarketLine‚ a Datamonitor business Woods & Poole
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Company(a)1/1/04Cash 200‚000 Bonds Payable 200‚000(b)7/1/04Bond Interest Expense 4‚500 (200‚000 X 9 X 3/12) Cash 4‚500(c)12/31/04Bond Interest Expense 4‚500 Interest Payable 4‚500 2.Graceland Company(a)6/1/04Cash 105‚000 Bonds Payable 100‚000 Bond Interest Expense 5‚000 (100‚000 X 12 X 5/12)(b)7/1/04Bond Interest Expense 6‚000 Cash 6‚000 (100‚000 X 12 X 6/12)(c)12/31/04Bond Interest Expense 6‚000
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BE4-1 Transactions that affect earnings do not necessarily affect cash. Identify the effect‚ if any‚ that each of the following transactions would have upon cash and net income. The first transaction has been completed as an example. (a) Purchased $100 of supplies for cash. Cash -100/ Net Income 0 (b) Recorded an adjusting entry to record use of $20 of the above supplies. Cash 0/ Net Income -20 (c) Made sales of $1‚300‚ all on account. Cash 0/ Net Income 1300 (d) Received $800 from customers
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