Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Can anyone help me to answer these questions? 37.9A Jean Marsh owns a small business making and selling children's toys. The following trial balance was

image text in transcribed

image text in transcribed

Can anyone help me to answer these questions?

37.9A Jean Marsh owns a small business making and selling children's toys. The following trial balance was extracted from her books on 31 December 2017. You are given the following additional information. 1 Inventory at 31 December 2017 RawmaterialsFinishedgoods2,9008,200 There was no work-in-progress. 2 Depreciation for the year is to be charged as follows: PlantandmachineryCar1,500500 2010 3 At 31 December 2017 insurance paid in advance was 150 and office general expenses unpaid were 75. 4 Lighting and rent are to be apportioned: 4/5 Factory, 1/5 Office. Insurance is to be apportioned: 3/4 Factory, 1/4 Office. Jean is the business's salesperson and her salary and expenses are to be treated as a selling expense. She has sole use of the business's car. 3) the manufacturing account showing prime cost and factory cost of production. (6) the trading account section of the income statement. the profit and loss account section of the income statement, distinguishing between administrative and selling costs. (1)) a balance sheet as at 31 December 2020 . Authors Note (Midland Examining Group: GCSE) Author's Note: Part (d) of the ques

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

Step: 3

blur-text-image

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

The Pricing Strategy Audit

Authors: Kent B. Monroe

1st Edition

1907766006, 978-1907766008

More Books

Students also viewed these Accounting questions