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Given unadjusted trial balance figures for Apex Consulting at year-end, record adjusting journal entries for: £4,000 accrued consulting fees, £2,500 expired insurance, and £6,000 equipment depreciation, then construct the adjusted trial balance.
Given balance sheet and income statement extracts for a manufacturing firm with Current Assets £180k, Inventory £60k, Current Liabilities £90k, Total Debt £200k, and Equity £300k, compute and interpret liquidity and leverage metrics.
Prepare the Cash Flows from Operating Activities section for a company with Net Income £120,000, Depreciation £18,000, Accounts Receivable increase £12,000, Inventory decrease £7,000, and Accounts Payable increase £5,000.
An enterprise purchases manufacturing machinery for £100,000 with an estimated useful life of 5 years and a residual salvage value of £10,000. Calculate Year 1 and Year 2 depreciation under both methods.
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