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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 401 Weeks Ago, 1 Day Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
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).
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