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0.000 The the queens of Ladidown Kingdom Queen Command Queen Cad.came together to form The Lockdows Enterprise, to better the economistance of be kingdom In

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0.000 The the queens of Ladidown Kingdom Queen Command Queen Cad.came together to form The Lockdows Enterprise, to better the economistance of be kingdom In this business, they agreed to share profits and losses in the ratio of the opening capital Trial Balance as at 31 March, 2020 Particulars Dub) Credit (GHC) LA E60000 12.000 Levent 04.19 Wapes of contract workers 46000 Selain of staff MO Camare for goods faced 5200 170 Deco 24000 Paches 1905.200 Real 13,000 122100 Busca 101 1296 Tretmen 17010 136,000 Donation to al Pand Additional Information: Due to the economic recession at the moment, the partners estimated that more of their receivables may not be able to settle their debts. Hence, they wrote off additional debts of GH15,000 and agreed to maintain provisions for doubtful debts at 5%. ii. They agreed to provide for discount on receivables at 5% iii. All property, plant and equipment are to be depreciated at 10% iv. The business claimed insurance of GH21,000 for goods that were lost due to fire. The insurance claim, though admitted, had not been paid as at the year end. Queen Corona took goods amounting to GH 17.400 for personal use. vi. Goods worth GH 24,000 bought on 24/04/19 on credit were not recorded in the books. vii. Outstanding salaries were GH 32,000 whereas wages of GH24,600 were paid in advance. viii. The partners agreed to charge interest on capital at 6% and on drawings at 7% Bills receivable of GH 12,600 was dishonored. The inventory count at the year-end revealed goods worth GH300,000 Calculate the working capital for Lockdown Entreprise Recenabend Pea 6600 922.000 0.000 728.000 6000 20.000 1700 Provision for doubtfuldete Rates and Tones Brokerage Capital Accounts Que Corea Queen.com Carrot Accounts Den er Queen 500 000 128.000 13.20

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