Posted: April 20th, 2018

ACF1100 – Assignment # 279, Paper help

College of Enterprise and Economics
Division of Accounting

ACF1100 – Job # 279 Semester 1 2018
Proprietor: Mr. M. Woodwin
Determine: Realtor21
Description: Precise Property Agent

The enterprise has the subsequent opening balances:
Promotional Supplies Gives $526
Furnishings $22,367
Monetary establishment Mortgage (due 2022) $27,023
Account Payable $7,120
Motor Vehicle $33,368
Account Receivable $19,220
Cash At Monetary establishment $18,346
Further Information:
Closing stock of promotional provides 30/6 ($) 765
Furnishings scrap price ($) zero
Furnishings useful life (years) Three
Rent paid for (months) Three
Insurance coverage protection paid for (months) 2
Motorcar scrap price ($) 4,484
Motorcar useful life (years) 2
Monetary establishment mortgage charges of curiosity (% per yr) 9

Date Description Amount Date Description Amount
1-Jun Public sale payment – Cash $1,875 1-Jun Paid Regular Insurance coverage protection $2,636
2-Jun Price to Account Payable $919 Three-Jun Rent of Enterprise Premises $4,278
Three-Jun Selling placement expenses – Cash $820 4-Jun Selling Expense – Cash $357
6-Jun Sundry Payments $211 6-Jun Selling placement expenses – Account $807
6-Jun Selling placement expenses – Cash $803 6-Jun Motor Vehicle Payments $287
7-Jun Purchase promotional provides $471 Eight-Jun Staff Wages $1,136
9-Jun Cash Withdrawals by Proprietor $482 10-Jun Receive Price from Account Prospects $1,370
12-Jun Purchase promotional provides $388 13-Jun Sundry Payments $129
13-Jun Motor Vehicle Payments $195 13-Jun Cash Withdrawals by Proprietor $475
14-Jun Public sale payment – Cash $1,753 15-Jun Selling Expense – Cash $311
15-Jun Staff Wages $1,136 17-Jun Receive Price from Account Prospects $1,484
17-Jun Public sale payment – Account $1,155 17-Jun Price to Account Payable $970
19-Jun Public sale payment – Account $1,066 22-Jun Staff Wages $1,136
22-Jun Selling Expense – Account $525 23-Jun Rental payment – Account $1,392
24-Jun Selling Expense – Account $569 24-Jun More cash contributed by proprietor $4,695
25-Jun Selling placement expenses – Account $958 25-Jun Rental payment – Cash $1,612
25-Jun Rental payment – Cash $1,696 28-Jun Rental payment – Account $1,208
29-Jun Staff Wages $1,136


This enterprise was purchased on 1 June.

You are required to rearrange a traditional journal entry to incorporate the opening balances into the current interval, along with the balancing capital decide.

You’ll want to focus on with the Further Information half in your adjusting entries.

The rent and insurance coverage protection interval start on 1 June.

Current three sorts of earnings, notably rental payment, public sale payment and business placement expenses. All revenues acquired have been for the month of June.

Till in another case indicated, all transactions are on a cash basis. Use one regular Account Receivable for all debtors and one regular Account Payable for all collectors.

Your Stability Sheet should current belongings and liabilities divided into current and non-current.

Staff work a 7-day week and are paid on the eighth day.

Assume all prepayments are initially recognised as an asset.

Check Price Discount

More Assignment Samples: »

Order for this Paper or Similar Assignment Help

Fill a form in 3 easy steps - less than 5 mins.

Why choose us

You Want Quality and That’s What We Deliver

Top Essay Writers

We select the finest writers to join our team. They each have expertise in specific topic fields and background in academic writing.

Affordable Prices

We offer the lowest possible pricing while still providing the best writers. Our costs are fair and reasonable compared to other writing services.

100% Plagiarism-Free

You will never receive a product that contains any plagiarism. We scan every final draft before releasing it to be delivered to a customer.

How it works

When you decide to place an order with Study Pro Essay, here is what happens:

Complete the Order Form

You will complete our order form, filling in all of the fields and giving us as much detail as possible.

Assignment of Writer

We analyze your order and match it with a writer who has the unique qualifications to complete it, and he begins from scratch.

Order in Production and Delivered

You and your writer communicate directly during the process, and, once you receive the final draft, you either approve it or ask for revisions.

Giving us Feedback (and other options)

We want to know how your experience went. You can read other clients’ testimonials too. And among many options, you can choose a favorite writer.

Expert paper writers are just a few clicks away

Place an order in 3 easy steps. Takes less than 5 mins.

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price: