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Financial Or Accounting Assignment | Homework For You

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October 16th, 2019

a.    Physical stocktake of supplies revealed Supplies used for the period: $365
b.    Wages earned by M Hatter and C Cheshire for the fortnight 19/6/17 to 30/6/17 will be paid on 5/7/17. (Assume they earned the same fortnightly rate as the previous fortnight.)Homework For You
c.    Insurance paid on Oct 2 covers period 1 Oct 2016-30 Sept 2017. Adjust for the prepaid portion. (Note, insurance invoice total previously recorded as expense.)
d.    Calculate the Provision for Doubtful Debts and record the adjustment.
e.    Calculate the furniture depreciation using the 30% reducing balance method and record the adjustment.
f.    End of year stocktake reveals $680 worth of damaged stock. Record the adjustment to inventory. Get Statistics homework help today

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