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Posted: March 20th, 2017
The following adjustments have not been made in the accounts:
1. Inventory on hand at 30 June 2014: 2024 – Essay Writing Service | Write My Essay For Me Without Delay valued at $94,250.
2. Goods worth $5,000 which had been ordered FOB shipping point have not yet been received.
3. The company estimates that 2% of accounts receivable will be uncollected.
4. It was discovered that $780 for office equipment had been charged in error to the purchases account on 1st July 2013.
5. Depreciation of buildings, delivery vehicles and office equipment is undertaken using the straight-line method. The useful life of the delivery vehicle is 10 years with a residual value of $500. The useful of the office equipment is 3 years with zero residual value. The office equipment was purchased on 1st January 2014: 2024 – Essay Writing Service | Write My Essay For Me Without Delay.
6. Buildings have 20 years of useful life with $8,900 residual value.
7. Interest expense accrued, $325.
8. Unexpired insurance, $130.
9. The shareholders are to be paid a dividend of $22,750 in the current year.
10. The note receivable is a 6 month note issued on 1st January 2014: 2024 – Essay Writing Service | Write My Essay For Me Without Delay at 5% per annum. The maker of the note has formally indicated that he will not honor the note.
Required:
1. Prepare a worksheet and make the relevant adjustments in the worksheet.
2. Prepare the income statement for the year ended 30 June 2015 – Research Paper Writing Help Service in accordance with GAAP.
3. Prepare the statement of retained earnings for the year ended 30 June 2015 – Research Paper Writing Help Service.
4. Prepare the statement of financial position as at 30 June 2015 – Research Paper Writing Help Service in accordance with GAAP.
Discuss the performance of this company using appropriate rations
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We assemble our team by selectively choosing highly skilled writers, each boasting specialized knowledge in specific subject areas and a robust background in academic writing
Our service is committed to delivering the finest writers at the most competitive rates, ensuring that affordability is balanced with uncompromising quality. Our pricing strategy is designed to be both fair and reasonable, standing out favorably against other writing services in the market.
Rest assured, you'll never receive a product tainted by plagiarism or AI-generated content. Each paper is research-written by human writers, followed by a rigorous scanning process of the final draft before it's delivered to you, ensuring the content is entirely original and maintaining our unwavering commitment to providing plagiarism-free work.
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