Marlow Metalworks Ltd commenced business on 31 March 2023 in the scrap metal industry. The company balances
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Marlow Metalworks Ltd commenced business on 31 March 2023 in the scrap metal industry. The company balances its accounting records at month-end and the end of its reporting period is 30 June. Ignore GST.
The following events occurred during 2023 to 2025 in relation to accounting for non-current assets:
Required
(a) Prepare journal entries to record the events in the transaction list above.
(b) Prepare the following ledger accounts for the period 1 April 2023 to 30 June 2025:
i. Truck ii. Equipment iii. Accumulated depreciation – truck iv. Accumulated depreciation – equipment
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Related Book For
Accounting
ISBN: 9780730382737
11th Edition
Authors: John Hoggett, John Medlin, Keryn Chalmers, Claire Beattie
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