Self-test The following is the list of balances extracted from the books of Wilmot Trading at 31
Question:
Self-test The following is the list of balances extracted from the books of Wilmot Trading at 31 December 2009.
List of balances at 31 December 2009 Creditors 19,832 Returns inwards 390 Electricity and gas 4,711 Insurance 400 Capital – Wilmot 57,049 Rates 1,767 Salaries and wages 30,594 Motor expenses 2,761 Sales 172,185 Purchases 99,743 Cash in hand 293 Returns outwards 683 Stock 1 January 2009 30,596 Debtors 31,812 Rent 6,825 Fixtures and fittings 12,285 Drawings – Wilmot 21,353 Delivery expenses 1,979 Cash at bank 4,240 You are told that the following expenses are paid in advance:
Insurance 49 Rates 499 At year end the following expenses incurred were not yet recorded in the books:
Rent 1,365 Delivery expenses 49 Motor expenses 605 Electricity and gas 203 Stock at 31 December 2009 33,482 You are required to prepare an adjusted trial balance at 31 December 2009 which incorporates the above items.
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