Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. Steve James extracted the following balances from his Ledger on 30 June 2002. You are required to prepare a Trial Balance as at

image text in transcribed

1. Steve James extracted the following balances from his Ledger on 30 June 2002. You are required to prepare a Trial Balance as at that date. $ $ Purchases 54,750 Sales Stationery 800 68,500 Debtors 11,300 Drawings 3,000 Creditors 13,000 Purchases returns 400 Motor vehicles 20,000 Sales returns 300 Discount received Office equipment 10,500 600 Discount allowed Carriage inwards 2,600 750 Carriage outwards 1,650 Commission received 1,370 Cash at bank 4,550 Rent 4,800 Capital 56,000 Wages 10,800 Stock as at 1 July 2001 11,170 General expenses 2,900

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Accounting A Managerial Emphasis

Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav

13th Edition

8120335643, 136126634, 978-0136126638

More Books

Students also viewed these Accounting questions

Question

104. Discuss the special problems faced by dual-career couples.

Answered: 1 week ago