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jonathanvega424
21.05.2020 •
Business
Financial data for Safety Hire as of 30 June 2019 are:
Required:
Prepare an income statement for the month of June and a balance sheet in account format for Safety
Hire as at 30 June 2019
Solved
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Ответ:
Hi, the question you have given has missing data, however the following can be noted when dealing with the required.
Income statement for the month of June
The Income Statement contains Revenues and Revenue Expenditures
Step 1 ; Obtain the Sales Amounts
Step 2 : Obtain the Cost of Sales Amounts
Step 3: Obtain the Operating and Non-Operating Expenses Amounts
Step 4: In Vertical Format or T - Account Prepare and Calculate the Income or Loss
Income or Loss = Sales - Cost of Sales - Expense
Balance sheet in account format for Safety Hire as at 30 June 2019
Balance Sheet contains balances of Assets, Liabilities and Capital (Which included Income or loss calculated in Income Statement above)
The Accounting Equation must be borne in mind ; Assets = Liabilities + Capital
The Account Format Must have entries as follows :
Debit :
Enter Assets Balances
Credit:
Enter Liabilities Balances
Enter Capital Balances (Which include Income or loss calculated in Income Statement above)
Explanation:
Note key notes as explained above.
Ответ:
D. Create a dashboard and add filters for users, opportunities, accounts, and cases.
Explanation:
From the question, we are informed that the sales manager at Universal Containers would like a dashboard so as to be able to view each of the sales representative's opportunities, accounts, and related cases.
Based on the above scenario, the recommended solution will be to create a dashboard and add then add the filters for users, accounts, opportunities, and cases. When these are done, it'll be easier for the sales manager to view the details of the sales representative.