Assignment Detail:- ACC5901 Financial Analysis and Decision Making - Ozford Australia
Practical Exercises
Question 1At the end June 2021 the following trial balance was prepared:
Debit Credit
$
$
Cash
49,680
,
Accounts receivable
33,700
,
Inventory
27,840
,
Land and buildings
188,000
,
Accounts payable
,
22,000
Loan
,
28,000
Capital
,
80,000
Sales
,
275,420
Cost of goods sold
45,000
,
Advertising expense
16,000
,
Electricity account
7,700
,
Rent expense
12,000
,
Salaries expense
25,500
,
405,420
405,420
Required:
From the additional information provided in the list below prepare the adjusting journal entries and an extended trial balance-• $6,500 sales revenue has not yet been earned-• June salaries of $4,300 will be paid in July-• June interest due on loan of $1,500 not yet paid- Question 2
Visit the Woolworths website and critically review the statement on corporate governance- What do you consider are the strengths and weaknesses of corporate governance at Woolworths????
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