Application 1-a

PROBLEM 1- Completing the cycle.

Requirements:

a. Provide journal entries.

b. Post the entries to the ledger.
c. Prepare the unadjusted trial balance.

d. Provide the adjusting entries.

e. Complete the worksheet up to post-closing trial balance.

f. Prepare the closing entries.

g. Prepare the balance sheet and income statement.


Entity Backspace started operations in 20x1. The following were the transactions for the year ended

December 31, 20x1:


1. The owner invested P 300, 000 cash in the business.

2. The business obtained a 12%, one-year, bank loan of P200, 000 on October 1, 20x1. Principal and

interest are due at maturity date.

3. Purchased office supplies worth P80, 000 for cash (Entity Backspace uses the Asset method).

4. Purchased equipment on November 1, 20x1 for P360, 000 cash. (5 years useful life)

5. Rendered services worth P180, 000 for cash.

6. Rendered services worth P420, 000 on account.

7. Collected P370, 000 accounts receivable.

8. Paid utilities expense of P16, 000.

9. Paid salaries expense of P140, 000.

10. The owner withdrew P100, 000 cash from the business.


Application b

Instruction: For each of the sales terms, determine the following:

1. the amount recorded as a sale.

2. the amount of cash received.

On July 1, 2019, Savery Lace & Boxes sold merchandise with a P 150, 000 list price.

•Trade Discount •Credit Terms •Date Paid

a. 30% 2/10, n/30 July 8

b. 40% 1/10, n/30. July 15

c. - 2/10, n/30. July 11

d. 20% 1/15,n/30 July 14

e. 40% n/30. July 28


Application C

1. On January 1, 20x1, Mr. A and Ms. B formed a partnership. Mr. A contributed cash of ₱500,000
while Ms. B contributed a building with carrying amount of ₱400,000 and fair value of ₱800,000. The
building has an unpaid mortgage of ₱200,000 which is not assumed by the partnership.

Requirement: Provide the journal entry to record the contributions of the partners.​

PLEASE HELP! Economics

Angles 1 and 2 are coresponding angles angle 1 is 3x+15 angle 2 is 4x-5 degrees.
what is the value of x

The difference between
five-halves of a number and 17 is 48

For a project in his Geometry class, Ryan uses a mirror on the ground to measure the height of his school’s football goalpost. He walks a distance of 12.15 meters from the goalpost, then places a mirror on flat on the ground, marked with an X at the center. He then walks 3.4 more meters past the mirror, so that when he turns around and looks down at the mirror, he can see the top of the goalpost clearly marked in the X. His partner measures the distance from his eyes to the ground to be 1.35 meters. How tall is the goalpost? Round your answer to the nearest hundredth of a meter.

A circle of 5 cm radius is drawn, and another circle 3 cm radius is drawn. What is the radius of a circle that has the same area as the bigger one excluding the cut one?
(a) 2 cm
(b) 3 cm
(c) 4 cm
(d) 5 cm

plz plz heelp me i need heelp

Someone please help me

Give the digits in the hundred thousands place and the ten thousands place.
746,089

Write $1.50 to $12.00 as a ratio in fraction form in lowest terms.

The circle graph shows a family budgets it’s annual income.if the total annual income is 140,000, what amount is budgeted for auto expenses?

Fdgbfrgrth Rheu Hyueheuhuhuhuheeuhuhuhe

Please answer right!

Hello can someone please help me with this

SHEET CAKES
--------------------------------------------
$36 Small (Feeds 12 people)
$46 Medium (Feeds 22 people)
$56 Large (Feeds 32 people)
--------------------------------------------

The new pastry chef at Jackson's Bakery specializes in Sheet cakes for parties. She sold 17 small, 11 medium, and 20 large sheet cakes in one week. How much money did Jackson's Bakery make in one week from sheet cakes?

Answer: $2,245 (I know it for this one but not the next one)

How many people would all of the sheet cakes sold in problem 3 feed?

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(Dont need to tell me the answer just tell the steps I need to do)

Malachi took cans to the recycling plant and put them into the can-crusher one at a time. After he had already crushed some of the cans, he started recording the number of cans he crushed per minute. This table shows how many cans Malachi put in the can-crusher at different times.


Time (min): 2 , 4 , 6 , 8
Number of cans crushed: 4 , 9 , 64 , 79 , 94

What is the equation that represents Malachi’s situation, where x represents the time and y represents the number of cans crushed?

I really need help on this please

If 20% of the students were boys, what fraction were girls?

Evaluate N2 + 2N + 1 for N = 5.

51
36
21

June, Gavyn and Alex share some sweets in the ratio 5:3:2. June gets 42 more sweets than Alex. How many sweets does Gavyn get?
​

find the quotient. (2^4x+4) ÷ (2^x+1)

he perimeter of a rectangular field is 342m If the length of the field is 92m what is its width?

Question 6: 17 pts
Identify the parent function for the function g(x) = x2 - 4 based on its function rule.
Then graph g and identify the transformation of the parent function that it
represents.
linear; translation up 4 units
quadratic; translation up 4 units
quadratic; translation down 4 units
O
linear; translation down 4 units

Question 5 - Last night 20 mm of rain fell in 4 h. If it continues raining at the same rate, how
long will it take for 45 cm of rain to fall?

6x+3>15 solve for a please

Please answer this question no links please

Log2(x-1)+Log2(x+2) =2
Find X

The town of Lantana needs $14,000 for a new playground Lantana elementary school raised 5358, Lantana Middle School raised $2,834 and Lantana High school raised $4132. about how much more do they need to raise? Choose the best estimate.


1. 500
2. 2,000
3. 3000
4. they already raised enough money.

Solve the inequality 10y−3(y+2)>2y+4, and write the solution in interval notation.

Complete the equation so that it has one solution.
-2z+3-z=□-4z+2

A cooking pot holds 35 liters of water. This is 7 times the amount of water a mixing bowl can hold.

How much water can the mixing bowl hold?
A. 5 liters
B. 7 liters
C. 28 liters
D. 245 liters