Question
A Cooper's Trial Balance as at 31st March 2019. Trial Balance Dr Cr Discount received 1000 Purchases returns 2000 Cash at Bank 10000 Mortgage 50000
A Cooper's Trial Balance as at 31st March 2019.
Trial Balance
Dr Cr
Discount received 1000
Purchases returns 2000
Cash at Bank 10000
Mortgage 50000
Inventories 14000
Loss on buglary 1000
Shares in A.Copmany 20000
Sales return 3000
Bad debts 500
Office furniture 15000
B Edwards 1750
Loan 20000
Freight on purchases 2000
Gain on sale of furniture 1000
Drawings 10000
Capital 84750
cash in hand 1000
D Davis 8750
Insurance 6000
Sales 98000
Commission revenue 2000
Office expenses 4000
Delivery van expense 3500
Discount allowed 5000
Goodwill 10000
Purchases returns 20000
Rent revenue 5000
Land 50000
Advertising 10000
B Murray 2000
W Hall 3750
Delivery van 20000
Buildings 50000
$267,500 $267,500
Additional Information:
Inventories at 31 March 2007 $9,000
Insurance prepaid 1000
Rent received in advance 250
Advertising owing 2000
Commission owing 575
Interest owing on loan from bank 2000
Required:
- required a worksheet from the given information taking into account additional information .
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Financial & Managerial Accounting
Authors: Jan Williams, Sue Haka, Mark Bettner, Joseph Carcello
15th Edition
0073526991, 9780073526997
