Capital Sales Bank overdraft Vehicles Advertising Inventory (01/12/04) Cartage inwards Drawings Mortgage Commission revenue Sales wages Delivery van expense Sales returns Purchases returns Insurance Accounts receivable Petty cash Office salary Discount expense Interest expense Accounts payable Inventory (31/12/04) Purchases Short term loan Discount revenue Equipment Buildings Land Rent revenue Government bonds Required: I. Trading Account II. Profit and Loss Account III. Income Statement IV. Balance Sheet Remedial Exercise Accounts 71,250 3,000 230 10,000 1,000 20,000 100 250 10,000 900 1,300 1,000 200 100 200 3,000 500 200 10 20 345 19,000 1,150 600 5 10,000 15,000 15,000 2,500 10,000

Capital Sales Bank overdraft Vehicles Advertising Inventory (01/12/04) Cartage inwards Drawings Mortgage Commission revenue Sales wages Delivery van expense Sales returns Purchases returns Insurance Accounts receivable Petty cash Office salary Discount expense Interest expense Accounts payable Inventory (31/12/04) Purchases Short term loan Discount revenue Equipment Buildings Land Rent revenue Government bonds Required: I. Trading Account II. Profit and Loss Account III. Income Statement IV. Balance Sheet Remedial Exercise Accounts 71,250 3,000 230 10,000 1,000 20,000 100 250 10,000 900 1,300 1,000 200 100 200 3,000 500 200 10 20 345 19,000 1,150 600 5 10,000 15,000 15,000 2,500 10,000

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter10: Financial Statements And Reports

Section: Chapter Questions

Problem 1.6C

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