Jean Marsh owns a small business making and selling children’s toys. The following trial balance was extracted from her books on 31 December 19X9.

Questions:
For the year ended 31 December 19X9 prepare

(a) a manufacturing account showing prime cost and factory cost of production.

b) a trading account.

c) a profit and loss account, distinguishing between administrative and selling costs.

d) a balance sheet as at 31 December 19X9.
Midland Examining Group: GCSE)
Part

(d) of the question was not in the original examination question. It has been added to give you further practice.

Transcribed Image Text:

Dr Cr Capital 15,000 Drawings 2,000 Sales 90,000 Stocks at 1 January 19X9; Raw materials 3,400 Finished goods 6,100 Purchases of raw materials 18,000 Carriage inwards 800 Factory wages 18,500 Office salaries 16,900 J Marsh: salary and expenses 10,400 General expenses: Factory 1,200 Office 750 Lighting 2,500 Rent 3,750 Insurance Advertising Bad debts 950 1,400 650 Discount received 1,600 Carriage outwards 375 Plant and machinery, at cost less depreciation 9,100 Motor car, at cost less depreciation Bank Cash in hand Debtors and creditors 4,200 3,600 325 7,700 6,000 112,600 112,600