Extract an income statement for the year ending 30 June 2024 for G. Graham. The trial balance
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Extract an income statement for the year ending 30 June 2024 for G. Graham. The trial balance as at 30 June 2024 after his first year of trading was as follows:
Inventory at 30 June 2024 was £29,304.
Transcribed Image Text:
Equipment rental Insurance Lighting and heating expenses Motor expenses Salaries and wages Sales Purchases Sundry expenses Lorry Trade payables Trade receivables Fixtures Land & buildings Cash at bank Drawings Capital Dr 44 940 1,804 1,990 2,350 48,580 245,950 624 19,400 44,516 4,600 174,000 11,346 44,000 600,100 Cr 4 382,420 23,408 194,272 600,100
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Related Book For
Frank Woods Business Accounting An Introduction To Financial Accounting
ISBN: 9781292365435
15th Edition
Authors: Alan Sangster, Lewis Gordon, Frank Wood
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