BUSI 1004 Lecture Notes - Lecture 18: Accounts Payable, Current Liability, Net Income
12 Apr 2016
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Busi 1004 financial accouning for business students. The following accounts and balances, listed in alphabeical order, are available from the records of amanna corporaion for the year ended december 31, 2012: Prepare in good form a classiied statement of inancial posiion as of december 31, 2012. Xyx inc. has completed its irst year of operaions on december 31, 2012. The company bookkeeper prepared the following preliminary statement of income below. You are an independent accountant hired by the company to audit its accouning systems and review its inancial statements. In your audit, you developed addiional data of unrecognized items as follows: a. b. c. d. e. f. g. These were originally recorded at ,500 and are not part of other expenses. Unpaid salaries for the last four days of december amouning to were not recorded. The unpaid adverising expense for january 2013 has not been recorded. Depreciaion on autos, amouning to ,600 for 2012, was not recorded.
