University | Singapore University of Social Science (SUSS) |
Subject | ACC201 Financial Accounting |
ACC201 Financial Accounting Tutor-Marked Assignment, July2023 SUSS, Singapore. After graduation, Peter decided to start a printing service company, PK Pte Ltd (PKL) with his good friend Kelvin
Question 1
After graduation, Peter decided to start a printing service company, PK Pte Ltd (PKL) with his good friend Kelvin. The following were the transactions for the month of March 20X8.
(1) 1-Mar A total of $200,000 was invested into the business by Peter and Kelvin.
(2) 1-Mar The company took a 5-year bank loan of $120,000 with interest of 5% to be paid annually on 31 December.
(3) 1-Mar The company paid $144,000 for the rental of the office for two years.
(4) 3-Mar A printing equipment manufacturer was interested in the company. $90,000 worth of printing equipment was supplied to the company in exchange for shares in the company.
(5) 6-Mar The company purchased $8,500 of office supplies on credit term.
(6) 8-Mar The printing equipment was delivered, and the company paid $300 for the transportation. Since the amount was immaterial, the company treated the transportation fee as an expense.
(7) 9-Mar A customer paid a deposit of $2,000 for the printing of his company
brochures.
(8) 12-Mar The job received on 9 March was completed and the company invoiced the customer $7,000 for the remaining payment.
(9) 17-Mar The company completed a printing job amounting to $9,900. The customer paid $3,000 and would pay the rest within one month.
(10) 21-Mar The company quoted for a job amounting to $11,000. The customer accepted the quotation, and the job would be done in April.
(11) 24-Mar The customer in transaction (9) paid $2,000 to the company.
(12) 25-Mar The company received utility bill of $930 for the month of March
Hire a Professional Essay & Assignment Writer for completing your Academic Assessments
Attention Singapore University of Social Science (SUSS) students, especially those in ACC201 Financial Accounting! Are you seeking assistance with your Tutor-Marked Assignment? Look no further! We offer specialized Dissertation Writing Services, assignment help online, and more to help you excel in your coursework. Whether it's assignments or navigating the intricacies of financial accounting, our experts are here for you. Take the first step toward academic success at SUSS, Singapore, as you pay our experts for the support you need. Dive into scenarios like Peter's venture into PK Pte Ltd (PKL) with confidence. Reach out today and secure your academic journey!
- Imagine that you are currently working for a precision medicine startup: Machine Learning Paper Review in Precision Medicine, Written Assignment 1, NUS, Singapore
- Go Business offers PSG solutions for enterprises in Singapore: Collective Intelligence and Entrepreneurship, Assignment 1, JCU, Singapore
- Design an ontology based on- Accidents can be categorised as chemical, electrical, fire, kinetic or liquid: Collective Intelligence and Entrepreneurship, Assignment 1, JCU, Singapore
- Project Control Monitoring, Assignment, HU, Singapore: Deliberate Project MONITORING AND CONTROL or PMC Identification
- DSM500: Final Project Report, Coursework 2, UOL, Singapore
- DSM080: Financial Markets, Assignment, UOL, Singapore: A grapefruit juice futures contract is for 15,000 pounds of frozen grapefruit juice
- DSM080: Financial Markets, Assignment, UOL, Singapore: The share price of a certain stock today is $42.50, and five-month European style call options with a strike price of $45 currently sell for $4.25.
- DSM080: Financial Markets, Assignment, UOL, Singapore: A trader who is working in the gold markets is able to borrow money at the interest rate of 7% per annum
- DSM080 Financial Markets, Assignment, UOL, Singapore: A dollar-based American corporation has decided that it will have to pay 6 million UK pounds in three months
- Principle of Finance Assignment, UCD, Singapore: National Gaming Inc. (National) operates the weekly lottery in the country
UP TO 15 % DISCOUNT