1. Bought goods for resale on account 60/180

2. Received invoice for rent for $500, paid 40% in cash

3. Purchased vehicle on the 15th of January on account for $80 000, which was started to use on 28th of January.

4. Bought goods for resale 45/230 on account from Supplier S, $450 transportation costs purchased from the same supplier on account

5. Sold goods on account 66/300

6. Buyer B paid in advance $3000

7. Received invoice for office expenses $2500

8. Repaired building for $6000

Additional information:

Non-current tangible assets depreciated on a straight-line basis.

Useful life of vehicle 5 years, residual value 10%

Useful life of storehouse 15 years, residual value 10%

Required:

1) Record transactions

2) Prepare Trial balance

Please solve detailed explanation

76 exercise. There are presented balances of the company A for Ith of January. 76 exercise. There are presented balances of the company A for Ith of January