The adjusted account balances are listed in the trial balance of B Montgomery for 30 June 2022

(see figure 12.16). Your are required to:

• list the account, statement and group abbreviations next to each account name

• prepare an income statement

• prepare a balance sheet.

Transcribed Image Text:

Adjusted Trial Balance of B Montgomery as at 30 June 2022 Telephone Shares in Companies Sales Travelling Expenses Sales Salaries Rent Office Equipment Motor Vehicles Expense Motor Vehicles Inventory Insurance GST Payable GST Receivable Investment in Debentures Freight Outwards Expense Prepaid Expense Accrued Drawings Doubtful Debts Expense Dividend Received Discount Received Depreciation - Office Equipment Depreciation - Motor Vehicles Cost of Sales Capital Bank Bad Debts Expense Allowance for Doubtful Debts Advertising Accumulated Depreciation - Motor Vehicles Accumulated Deprec'n- Office Equipment Accounts Receivable Control Accounts Payable Control 1144 10 996 2384 23 123 11 743 264 48 553 3 63 826 2574 1430 2000 13 000 5746 1565 364 100 4 826 9574 59 487 2813 2346 1 453 5 500 277 811 133 555 3340 1174 531 125 71 331 180 34 928 28 698 3949 277811