Tiger Pty Ltd prepares quarterly financial statements. The adjusted trial balance on 30 September 2021 is shown below. Using the information provided: Tiger Pty Ltd Adjusted trial balance 30 September 2021 No. Account Name Dr Cr 100 Cash 4,500 110 Accounts receivable 3,200 120 Prepaid insurance 2,300 130 Office equipment 4,000 131 Accumulated depreciation — equipment 1,500 200 Accounts payable 3,600 210 Rent revenue received in advance 1,400 300 Share Capital 3,900 310 Retained earnings 2,000 311 Dividends 500 400 Rent revenue 7,300 410 Service revenue 1,500 500 Salaries expense 3,100 510 Rent expense 2,800 520 Depreciation expense 450 530 Insurance expense 350 $21,200 $21,200 2-(A) Prepare for a statement of profit or loss for the quarter ending 30 September 2021.

The Tiger Bus Ltd purchased a vehicle for $48,000 on 1 December. It is estimated that annual depreciation on the vehicle will be $4,800. If financial statements are to be prepared on 31 December, the company should make the following adjusting entry: a. Debit Vehicle $4,800; Credit Accumulated depreciation, $4,800. b. Debit Depreciation expense, $400; Credit Accumulated depreciation, $400. c. Debit Depreciation expense, $4,800; Credit Accumulated depreciation, $4,800. d. Debit Vehicle, $400; Credit Accumulated depreciation, $400.

Condensed financial data of Heroes Pty Ltd follows. Heroes Pty Ltd Statement of financial position as at 30 June 2023 2023 2022 Assets Cash 45,000 25,000 Accounts receivable 38,000 17,000 Inventory 50,000 52,500 Investments (long term) 42,000 45,000 Plant and equipment 150,000 125,000 Accumulated depreciation - 28,000 - 21,000 Total Assets $297,000 $243,500 Liabilities and equity Accounts payable 25,000 24,000 Accrued expenses payable 5,500 9,500 Debentures payable 25,000 30,000 Share capital 150,000 120,000 Retained earnings 91,500 60,000 Total liabilities and equity $297,000 $243,500 Heroes Pty Ltd Statement of profit or loss for the year ended 30 June 2023 Sales 187,000 Gain on sale of equipment 7,500 Less: 194,500 Cost of sales 45,000 Operating expenses, excluding depreciation expense 12,500 Depreciation expense 22,000 Income tax 39,000 Interest expense 4,500 123,000 Profit $71,500 Additional information: 1. New equipment and machinery were purchased for cash during the year. 2. Investments were sold at cost. 3. Equipment costing $22,000 was sold for $14,500, resulting in a gain of $7,500. 4. A cash dividend was declared and paid during the year. 5. Shares are issued at cash. Debentures are reimbursed at cash. 6. Accounts payable pertain to inventory creditors. Required (a) Prepare a statement of cash flows using the direct method. (b) Prepare a reconciliation of profit to cash provided by operations

Titan wholesale Ltd Trial Balance December 31, 2022 Particulars Debit Credit Tk Tk Cash 20000 Investment 100000 Account Receivable 50000 Opening Inventory 15000 Office Supplies 9000 Office Equipment 60000 Prepaid Rent 4000 Notes Payable 34000 Accounts Payable 90000 Titan Capital 70000 Titan Drawings 3500 Sales 200,000 Purchase 100000 Salary Expense 18000 Rent Expense 9000 Insurance Expense 4500 Freight Out 1000 Total 394000 394000 Adjustment Data: 1. Merchandise inventory actually on hand at 31st December Tk 30000 2. Rent were expired Tk 2500 3. Depreciation on office Equipment @ 10% per annum 4. Outstanding salary of Tk 2000 for the period 5. Office Supplies on hand Tk 4000. Create an adjusting journal and trial balance

Salary and WagesCash PSPurchases.Sundry ExpensesParticularsStock (1.4.2019)Trial Balance as on 31st March, 2020.Debit33.000SalesFrofollowing Trial Balance and ustments of Kumbhar and Maroti youprepare Tradingand Profit and Loss Account for the year endedon 31st March, 2020 and a Balance Sheet as on that date.are requiredParticularsCredit?3,30,0004.200Discount p4,00010.000Creditors Ln20,0002.25.200Bank Overdraft10,00013,600Interest on Investment8,000Wages T-12.000Capitals:Bills Receivable6.000Kumbhar60,000Travelling Expenses2.000Maroti40,000Bad Debts c3,000Factory Expenses8,000Commission34504,000Investments pl20,000Debtors c40,000Tools and Equipments6.000urniture As12,000Goodwill Ag21,000wilding As50,0004.72,0004,72,000Adjustments:1) Partners share Profit and Losses in the ratio of their capitals.Closing Stock is valued at Cost Price 40,000 and at Market Price * 45,000.Kumbhar has withdrawn goods worth 1,200 for his own use, but no entry is made in the books.Uninsured goods worth 12,000 were lost by fire.* 450 are to be written off as bad debts.Unpaid Expenses: Salary and Wages 800 and Rent * 1,200.Depreciate Building @ 7.5% p.a​

Accounting Worksheet and Trial BalanceDuring the current financial period, the following transactions took place for Corona Ltd:1. Damaged inventory purchased on credit at a cost of $19,300 was returned to supplier. 2. Wages totalling $21,200 were paid for the period.3. Paid $39,500 to credit suppliers. 4. Inventory worth $19,300 is bought on account.            5. Machinery is purchased for $78,200 on cash.    6. Provided services for $50,200 cash.7. Borrowed $68,800 cash from the bank.Assume that the following opening balances existed before the above transactions took place: Account name   Opening balance ($) Cash 251,000Inventory 58,000Machinery 142,000Accounts payable  82,200Loan payable 75,000Share capital 293,800