Required:Calculate Finney’s Capital at the end of the year. (2 marks)b) Eliza Enterprises has the following account balances at the end of thefinancial period (all figures are in shillings) as at December 31, 2015:Service revenue 700,000Capital 150,000Equipment 200,000Operating expenses 625,000Cash 175,000Drawings 50,000Supplies 25,000Accounts payable 100,000Accounts receivable 75,000Required:i) Prepare Eliza’s income statement for the period ending December31, 2015.ii) Compute Eliza’s working capital as at December 2015. (4 marks)P.O. Box 6215700200 Nairobi - KENYATelephone: 891601-6Fax: 254-20-891084E-mail:[email protected]. M. E. C. E. A

) Eliza Enterprises has the following account balances at the end of thefinancial period (all figures are in shillings) as at December 31, 2018:Service revenue 700,000Capital 150,000Equipment 200,000Operating expenses 625,000Cash 175,000Drawings 50,000Supplies 25,000Accounts payable 100,000Accounts receivable 75,000Required:Prepare Eliza’s balance sheet as at December 31, 2018.

In its income statement for the year ended 12/31/22, Hickman Company reported the following condensed data:Operating expenses$1,042,000Interest revenue35,000Cost of goods sold1,600,000Loss on disposal of plant assets10,000Interest Expenses68,000Net sales2,850,000(a)Your answer is partially correct.Prepare a multiple-step income statement.HICKMAN COMPANYIncome Statementchoose the accounting periodCorrect answerselect an income statement itemCorrect answer$enter a dollar amount Correct answerenter an income statement itemCorrect answerenter a dollar amount Correct answerselect a summarizing line for the first partCorrect answerenter a total amount for the first part Correct answerenter an income statement itemCorrect answerenter a dollar amount Correct answerselect a summarizing line for the second partCorrect answerenter a total amount for the second part Correct answerselect an opening name for section oneCorrect answerenter an income statement itemCorrect answer$enter a dollar amount Correct answerselect an opening name for section twoCorrect answerenter an income statement itemCorrect answer$enter a dollar amount Correct answerenter an income statement itemCorrect answerenter a dollar amount Correct answerenter a total amount for section two Correct answerenter a total amount for previous two sections Incorrect answerselect a closing name for this statementCorrect answer$enter a total net income or loss amount Correct answer

(c) Prepare the revised income and expenditure account for the year ended 31 December 2021.[12]

Sigma Limited income statement year ended 31-12-2020              R’000sSigma Limited balance sheet as at 31-12-2020                        R’000sSales                                            55 000Cost of sales                                30 500Operating expenses                     18 500Operating income                           6 000Interest                                           1 000Profit before tax                              5 000Company tax rate                             50%ASSETSFixed assetsNet fixed assets                   120 500Current assetsInventories                             74 500Other current assets              70 000TOTAL ASSETS                 265 000 EQUITY AND LIABILITIESOwners equity                     155 000LiabilitiesLong-term loans                     95 500Current liabilities                    14 500TOTAL EQUITY AND          265 000 LIABILITIES                                          The return on equity exceeds the return on total assets by …Select one:a.0.00%b.0.47c.0.67%d.0.06%

Prepare trading Account profit and loss and profit and losss Approprition Account for the year ended 31 st March , 2019 and Balance sheet as at that date after accounting the following adjustments :(i ) stock as at 31 st March , 2019 was Rs. 50.000,(ii) Rent is Rs. 10.000 per month ,(iii) Depreciate Furniture and fixtures and Computers @ 20 % p.a ,Machinery @ 10% p.a and(iv) interest on capitals is allowed @ 6% p.a .