Recent content by Samanthax

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    Adjusting entries /homework help

    What would the adjusting entry be for the following A staff member went on holidays at the end of June and his July wages of 2,300 are included in salaries. Just not sure what accounts to use.
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    Homework question need help

    The owner of a business reviews the income statement prepared by you and asks Why do you report a profit of only $60,000 when the cash collections of $185,000 were received and cash payments for expenses during the period totalled only $80,000 1. How would you respond to the owners question...
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    How would I do a balance sheet in narrative form and a statement in changes in equity

    Today, 09:59 AM How would I do a balance sheet in narrative form and a statement in changes in equity for the following: Bakers bread shop was established on 1 April 2014 with an initial investment of $100,000 by the owner and a further investment of $20,000 into the business on the 29th...
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