Using the information in Review question 40.13, prepare P. Maclaran's balance sheet as at 31 December 2018.

Question:

Data From Review Question 40.13:

The following are summaries of the cash book and bank accounts of P. Maclaran who does
not keep her books using the double entry system.

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Frank Woods Business Accounting An Introduction To Financial Accounting

ISBN: 9781292365435

15th Edition

Authors: Alan Sangster, Lewis Gordon, Frank Wood

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Using the information in Review question 40.13, prepare P. Maclaran's balance sheet as at 31 December 2018.

Question:

Bank Summary Balance on 1 January 2018 Receipts Trade receivables Cash banked Payments Trade payables Rent Machinery Wages m 35,000 2,200 31,000 1,100 3,400 9,200 6,000 37,200 43,200

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Frank Woods Business Accounting An Introduction To Financial Accounting

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