Maurice Tutor

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About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 401 Weeks Ago, 1 Day Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 21 Sep 2017 My Price 5.00

balance of K300

Prepare Adjustment Entries (31st December 2016) (Omega CO.)

1.Equipment purchased 20th April 2014 K50,000 @ 8% rate (diminishing method). 2.Fuel or petrol for K1,000 recorded as an asset and there was a balance of K300. 3.Annual rent of K48,000 received only 10 months earned as income. 4.Advertising of K18,000 annual subscription initially recorded as an expense only 5 months incurred. 5.No record of recovery from bad debs of K2,500. 6.Increased the provision for doubtful debts by K1,500. 7.Insurance of K24,000 annually, only 7 months incurred. 8.Interest earned of 7.5% from K40,000 deposited on 28 Feb. 2016. 9.Payment received from customers K2,000 not recorded. 10.Wages & Salaries due at balance date for 4 working days. Wages & Salaries per fortnight is K30,000 ( for 10 days).

Answers

(5)
Status NEW Posted 21 Sep 2017 09:09 PM My Price 5.00

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