On 31 December 2010, the last day of the accounting period, Bernards Retail Stores reports the balances
Question:
On 31 December 2010, the last day of the accounting period, Bernard’s Retail Stores reports the balances in all the accounts as follows:
Required:
Prepare a Trial Balance as at 31 December 2010.
Transcribed Image Text:
Motor vehicles a/c Stationery a/c Capital a/c Cash a/c Purchases a/c Sales a/c Debit £8,200 Debit £145 Credit £5,000 Debit £538 Debit £4,215 Credit £6,948 Joe's Loan a/c Rent a/c Salaries a/c Advertising a/c Vehicle maintenance a/c Interest on Loan a/c Credit £3,500 Debit Debit Debit Debit Debit £400 £800 £528 £412 £210
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 44% (9 reviews)
Trial Balance as at 31 December 2010 Cr Motor vehicles ...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
Question Posted:
Students also viewed these Business questions
-
We will be working with a company called Global Bike Inc., (GBI). Information regarding GBI follows. Company History Global Bike Inc. has a pragmatic design philosophy that comes from its deep roots...
-
The Tusquittee Company is a retail company that began operations on October 1, 2018, when it incorporated in the state of North Carolina. The Tusquittee Company is authorized to issue 100,000 shares...
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
In Table 4. 4, Professor Kip Viscusi estimates that the cost per life saved by current government risk-reducing programs ranges from $100,000 for unvented space heaters to $72 billion for a proposed...
-
The centripetal force on a runner is 17.0 lb. If the runner weighs 175 lb and his speed is 14.0 mi/h, find the radius of the curve.
-
In alphabetical order below are balance sheet items for Gidget Company at December 31, 1996. Prepare a balance sheet, following the format of Illustration 1-8. Accounts payable $90,000 Accounts...
-
P8-11 Workpaper (midyear acquisition, preacquisition income and dividends, upstream sale of inventory, downstream sale of inventory item used by subsidiary as plant asset) Pam Corporation acquired an...
-
Three police officers, including Maria Trevizo, were on patrol in Tucson, Arizona, near a neighborhood associated with the Crips gang, when they pulled over a car with a suspended registration. Each...
-
Max Hardware recently purchased a new machine for $150,000. It cost $10,000 to ship the machine to the facility, and it cost another $5,000 to get it installed. Using the MACRS 3 years class, what is...
-
When Alan Rayan failed the finals of his Business Administration degree, he opened a shop near the university selling secondhand books. The bookkeeper who maintained his ledger resigned shortly after...
-
Accounting entries for recording payment of a telephone bill are: (a) Debit Capital and credit Cash account (b) Debit Cash account and credit Telephone expenses account (c) Credit Cash account and...
-
Each of the following events caused a shift in the \(A D\) or \(A S\) curve in Canada. Identify which curve was affected and describe the effect on equilibrium real GDP and the price level. a. OPEC's...
-
Use Table 19-4 to calculate the building, contents, and total property insurance premiums for the policy (in $). Area Structural Rating Class Building Value 4 B $86,000 $ Building Premium Contents...
-
What are some reasons why leadership theory has evolved? Which theory of leadership is most applicable to today's organizations? Identify a leader that you admire and answer the following: What makes...
-
Identifying one major OSHA standard and one EPA law that are important to aviation and discussing how each has improved aviation safety
-
What is network optimization and what are some of the best practices that are used in the industry to optimize networks? Also, why is network documentation important and what are the security...
-
Demonstrate your understanding of data types by examining a public dataset and identifying the NOIR analytical data types of each of the data field (variables). This skill will be used frequently in...
-
A sled with a mass of 5.80 kg is pulled along the ground through a displacement given by d(vector) = (4.55 m)x. (Let the x axis be horizontal and the y axis be vertical.) (a) How much work is done on...
-
The manager for retail customers, Katie White, wants to hear your opinion regarding one business offer she has received from an entrepreneur who is starting a mobile phone app called Easy Money. The...
-
If Mr. Enmetti invests 90,000 on June 1 of each year from 2008 to 2018 inclusive, how much will he have accumulated on June 1, 2019 (note that one year elapse after the last payment), if the interest...
-
Ms Fleming has 145,000 with which she purchases an annuity on February 1, 2008. The annuity consists of six annual receipts, the first to be received on February 1, 2009. How much will she receive in...
-
In the preceding Exercise 10 through 15, you computed a number. To do so, first you must decide on the appropriate factor from the tables, and then you use that factor in the appropriate calculation....
-
Problem 12.6A (Algo) Liquidation of a partnership LO P5 Kendra, Cogley, and Mel share income and loss in a 3.21 ratio (in ratio form: Kendra, 3/6: Cogley, 2/6; and Mel, 1/6), The partners have...
-
Melody Property Limited owns a right to use land together with a building from 2000 to 2046, and the carrying amount of the property was $5 million with a revaluation surplus of $2 million at the end...
-
Famas Llamas has a weighted average cost of capital of 9.1 percent. The companys cost of equity is 12.6 percent, and its cost of debt is 7.2 percent. The tax rate is 25 percent. What is the companys...
Study smarter with the SolutionInn App