Transaction data for Yansheng Real Estate are presented in E2.4.InstructionsJournalize

Transaction data for Yansheng Real Estate are presented in E2.4. InstructionsJournalize the transactions. (You may omit explanations.) Data From Exercises 4 The following information relates to Yansheng Real Estate.Oct. 1 Biao Yansheng begins business as a real estate agent with a cash investment of HK$17,000.        2 Hires a part-time administrative assistant.    […]

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The financial statements of TSMC are presented in Appendix A

The of TSMC are presented in Appendix A (at the back of the textbook). The complete annual report, including the notes to the is available at the company’s website.InstructionsRefer to TSMC’s and answer the following questions. (Use amounts as reported in New Taiwan dollars.)a. What were TSMC’s total assets at December 31, 2016? At December […]

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On June 1, Cindy Godfrey started Divine Designs, a company

On June 1, Cindy Godfrey started Divine Designs, a company that provides craft opportunities, by investing $12,000 cash in the business. Following are the assets and liabilities of the company at June 30 and the revenues and expenses for the month of June. Cindy made no additional investment in June but withdrew $1,300 in cash […]

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On April 1, Julie Chen established Miaoli’s Travel Agency. The

On April 1, Julie Chen established Miaoli’s Travel Agency. The following transactions were completed during the month.1. Invested NT$15,000 cash to start the agency.2. Paid NT$600 cash for April office rent.3. Purchased equipment for NT$3,000 cash.4. Incurred NT$700 of advertising costs for Facebook ads, on account.5. Paid NT$900 cash for office supplies.6. Performed services worth […]

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AI Fang opened a law office on July 1, 2020.

AI Fang opened a law office on July 1, 2020. On July 31, the statement of financial position showed Cash ¥5,000, ¥1,500, Supplies ¥500, Equipment ¥6,000, ¥4,200, and Owner’s Capital ¥8,800 (amounts in thousands). During August, the following transactions occurred.1. Collected ¥1,200 of Paid ¥2,800 cash on Recognized revenue of ¥7,500 of which ¥4,000 is […]

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Nestlé’s financial statements are presented in Appendix B. Financial statements

Nestlé’s are presented in Appendix B. of Delfi Limited are presented in Appendix C. Instructions Based on information contained in these determine the following for each company. a. Net increase (decrease) in property, plant, and equipment (net) for the most recent fiscal year shown. b. Increase (decrease) in marketing and administration expenses (Nestlé) and increase […]

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Whitegloves Janitorial Service was started 2 years ago by Jenna

Whitegloves Janitorial Service was started 2 years ago by Jenna Olson. Because business has been exceptionally good, Jenna decided on July 1, 2020, to expand operations by acquiring an additional truck and hiring two more assistants. To finance the expansion, Jenna obtained on July 1, 2020, a £25,000, 10% bank loan, payable £10,000 on July […]

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Happy Trails Park was organized on April 1, 2019, by

Happy Trails Park was organized on April 1, 2019, by Alicia Henry. Alicia is a good manager but a poor accountant. From the trial balance prepared by a part-time bookkeeper, Alicia prepared the following income statement for the quarter that ended March 31, 2020. Alicia thought that something was wrong with the statement because net […]

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Feng Disc Golf Course was opened on March 1 by

Feng Disc Golf Course was opened on March 1 by Lee Feng. The following selected events and transactions occurred during March (amounts in thousands). Mar. 1 Invested ¥20,000 cash in the business.         3 Purchased Rainbow Golf Land for ¥15,000 cash. The price consists of land ¥12,000, building         ¥2,000, and […]

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Collins Computer Timeshare entered into the following transactions during May

Collins Computer Timeshare entered into the following transactions during May 2020. 1. Purchased computers for R$20,000 from Digital Equipment on account. 2. Paid R$4,000 cash for May rent on storage space. 3. Received R$17,000 cash from customers for contracts billed in April. 4. Performed computer services for Viking Construction for R$4,000 cash. 5. Paid Tri-State […]

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