Cr Home Furniture

1)
Owner took furniture & office equipment from home business to new warehouse.
Purchased at a cost of $25,000.
I assumed that you would DR Office Equipment $25,000 but do you CR Capital?
2)
Utility Expense for month of general journal but not due until next month.
So, I - DR Utility Expense and then CR Accounts Payable
Is that correct?
3)
Owner paid his house property taxes out of business.
Since you can't pay personal from business, I assumed that you would
DR Drawings and CR Cash
Is that right?

Thanks for any help. Been a while since I've been in school and no one seems to ever be in the chat room for the course to talk.
1) home business moved to warehouse

1)
Not understanding first statement: "Owner took furniture & office equipment from home business to new warehouse."

2)
Right, CR ACCT PAYABLE

3)
Yes that is right.

2009-11-21 09:09:09 by Sweet Pea

looks that are heading to the home. Featured companies in the video include include: 26th & Soho America Arteriors Biltmore CR Laine Century ...

Prepare Trading A/c, P&L A/c and Balance Sheet for the year ending 31st March 2008. ?
From the following trail balance extracted from the books of Mr. Ram, prepare Trading A/c, P&L A/c and Balance Sheet for the year ending 31st March 2008.

Trail Balance as at 31st March 2008
Dr.(Rs.) Cr. (Rs.)
Stock as on 1-4-2007 62500
Purchases & Sales 90300 137200
Returns 2200 1300
Capital 30000
Drawings 4500
Land and Buildings 30000
Furniture & Fittings 8000
Sundry Debtors and Creditors 25000 45000
Cash in Hand 3500
Investments 10000
Interest 2500
Commission 3000
Direct expenditure 7500
Postages, Stationery and Phones 2500
Fire Insurance Premium 2000
Salaries 11000
Bank Over Draft 40000
259000 259000

Additional Information :
i) Closing Stock is Valued at Rs. 65,000
ii) Goods worth Rs.500 are reported to have been taken away by the proprietor for his personal use at home during 07-08
iii) Interest on Investments Rs.500is yet to be received
iv) Depreciation is to be provided on Land & Buildings @ 5% and on Furniture & Fittings @10%
v) Make provision for Doubtful debts @ 5%

This is obviously an assignment in accounting, so why is it in programming?

Also, it's not even slightly urgent, or you would be working hard on finding the answer in the textbook. Besides of which, why should any of us be expected to do your assignment for you? It's for you to learn the stuff. Should I go and lift weights to make YOUR muscles stronger?

2009-01-23 10:53:45 by Whitestar

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Prepare Trading A/c, P&L A/c and Balance Sheet for the year ending 31st March 2008. ?
From the following trail balance extracted from the books of Mr. Ram, prepare Trading A/c, P&L A/c and Balance Sheet for the year ending 31st March 2008.

Trail Balance as at 31st March 2008
Dr.(Rs.) Cr. (Rs.)
Stock as on 1-4-2007 62500
Purchases & Sales 90300 137200
Returns 2200 1300
Capital 30000
Drawings 4500
Land and Buildings 30000
Furniture & Fittings 8000
Sundry Debtors and Creditors 25000 45000
Cash in Hand 3500
Investments 10000
Interest 2500
Commission 3000
Direct expenditure 7500
Postages, Stationery and Phones 2500
Fire Insurance Premium 2000
Salaries 11000
Bank Over Draft 40000
259000 259000

Additional Information :
i) Closing Stock is Valued at Rs. 65,000
ii) Goods worth Rs.500 are reported to have been taken away by the proprietor for his personal use at home during 07-08
iii) Interest on Investments Rs.500is yet to be received
iv) Depreciation is to be provided on Land & Buildings @ 5% and on Furniture & Fittings @10%
v) Make provision for Doubtful debts @ 5%

If you had used the time you spent typing this problem onto this website for actually doing your homework, you'd have it half completed already. Don't expect others to do your work for you!

2009-01-23 10:55:25 by Whitestar

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"Yeah."
"David?"
"Yes?"
"I'm calling on behalf of the Veteran's of Minneso-"
"No."
"No, what?"
"Go ahead. Finish the thing."
"We, uh, we collect used items like furniture for disabled veterans and I was calling to see if you might have anything to donate."
"So you just want used crap?"
"Sure, anything you don't need that is still able to be used."
"You'll come and get it?"
"Yes."
"Listen, I was going to have a garage sale, because I have a lot of crap, but maybe you can come over and take what you want."
"Why do you say it's crap?"
"You said crap."
(laughter) "Yes, well, you were calling it crap."
"It is crap. What makes it crap is the fact that I don't want it anymore."
"Well, others may be able to put it to good use!"
"Sure, then they'd have my old crap."
"I bet they'd consider it very nice if they could use it."
"Nice crap?"
"Sure"
"How much crap do you want?"
"All the cr-, stuff, that is usable"
"Say crap"
"What?"
"Say crap"
(laughter) "No, it might not be crap!"
"Believe me, it's crap. Tell you what, I'll put all the crap in my crappy garage and you can come out and look at the crap."
"We usually pick up on Wednesdays."
"Crap! I won't be home. I'll leave the garage door open for you. Nobody is gonna steal that crap."
"Okay, I'll leave a note for the driver."
"Okay.'
"Okay."
"Sorry I was in a crappy mood when I answered the phone."
"That's alright. We all have crap to deal with! (laughter).
"Holy crap! I hope they like the crap."
"Thanks again, and we'll see you on Wednesday."
"Bye."
"Bye!"

I really enjoyed this write, it was funny and I could imagine a young boy and an old man having this conversation on the phone hehe Nice work!

2010-02-22 04:30:47 by Buk