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| April 30, 2019
Write my research paper1) Determine the ending owner’s equity of a business having a beginning owner’s equity of $10,227, additional investments of $4,533, withdrawals of $1,210, and revenue of $8,254, and expenses before adjustment amounted to $273. The adjustments totaled $6,291. Ex plain your answer. $____________ 2) From the following accounts, prepare in proper form a post-closing trial balance for Morris Company on December 31. Accounts Receivable $2,200 Accounts Payable 2,000 Cash 1,000 Salaries Payable 1,200 Supplies 300 Prepaid Insurance 2,000 Morris, Capital 2,300 3) Jennifer Carlson, an employee of Online Creative Solutions, earned $500 during the first week in February. Her withholding included: federal income tax, $40; state income tax, $15; and FICA-OASDI, 6.2%; FICA-Medicare, 1.45%; contributions $10. Prepare the journal entry to record the pay for the week. 4) The Country Pasture & Co. had the following transactions involving the sale of merchandise. You are to prepare the necessary general journal entries. All sales are subject to a 5% sales tax. March 16. Sold merchandise priced at $300 to a cash customer. 5) Determine the amount to be paid within the discount period for purchase with an invoice price of $7,745, subject to credit terms of 2/10, n/30. Explain how you reached your answer. $ ________ 6) Nicki’s Pet Supply needs to estimate its ending inventory. Using the data below, compute Nicki’s estimated cost of ending inventory for the month of April. Explain how you reached your answer. Beginning inventory April 1 $2,000 Purchases for April $12,000 Retail sales during April $13,000 Normal gross profit average 40% 7) Given the following accounts:  Cash  Accounts receivable  Merchandise inventory  Supplies  Accounts payable  Sales  Sales returns and allowances  Sales discounts  Cost of goods sold  Purchases  Purchase returns and allowances  Purchase discounts  Purchase discounts  Freight in  Freight expense Indicate the account(s) to be debited and credited to record the following transactions. Explain how you reached your answer. Sold merchandise for cash. — Periodic Debit ______ & ______ Credit ______ & ______ Purchase the answer to view itPurchase the answer to view it©Copyright 2000-2018. All Rights Reserved. TermPaperChampions.com: The most reliable provider of custom academic papers. Our writers are here to help you complete papers from all disciplines and academic levels . You can always trust us to deliver.
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