ACCOUTING BASICS NEED HELP!!?

Answers:0   |   LastUpdateAt:2012-09-24 16:34:02  

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Dr
Asked at 2012-09-24 16:34:02
Questions 6-10 are based on accounting data below :
MedlinePlus MedlinePlus Extracts from the income statement for the year ended December 31 X3 MedlinePlus MedlinePlus Expenses :
Cost of goods sold expense / cost monitoring actions used spending 97 MedlinePlus Heat and light MedlinePlus spending 11 Depreciation expense on the 16th floor MedlinePlus Interest on loan 10% 14 MedlinePlus Loss on sale of plant 4 MedlinePlus Bad debt expense 15 MedlinePlus MedlinePlus MedlinePlus MedlinePlus The extracts from the balance sheets at December 31 X2 and X3 MedlinePlus MedlinePlus MedlinePlus X3 X2 X3 X2 MedlinePlus MedlinePlus fixed assets Plant ( at cost) 120,140 MedlinePlus Less acc . Depreciation (50 ) (47 ) MedlinePlus MedlinePlus EQUITY Current MedlinePlus Loan Inventory 3 10% 120 150 MedlinePlus Payable Accounts receivable 20 30 ( for inventory ) 11 14 MedlinePlus Prepaid heat and light 0 2 Interest payable on 10 % loan January 4 MedlinePlus Heat and light payable 3
0 MedlinePlus MedlinePlus Extracts from the cash account X3 T MedlinePlus MedlinePlus Purchases of inventory ( for cash and creditors ) 90
Sales ( for cash and accounts receivable ) 200 MedlinePlus The purchase of new plant 50 MedlinePlus MedlinePlus He said the company does not maintain an allowance for doubtful and bad debts write arising MedlinePlus MedlinePlus Q6 MedlinePlus What is the revenue in the income statement X3 ? MedlinePlus MedlinePlus ( A)
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