Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

can you please do 1 ab and 2 ab 1) 10 marks i) Depreciation expenses and accumulated depreciation was $1900 ii) the company used up

can you please do 1 ab and 2 abimage text in transcribed

1) 10 marks i) Depreciation expenses and accumulated depreciation was $1900 ii) the company used up $16,750 worth of supplies iii)Rent of $18000 was for this accounting period iv) Interest payable of $250 was not in the trial balance. a) Prepare the adjusted trial balance (4 marks) b) Prepare the Income statement (multi-step) (6 marks) 2) 10 marks Balance as per bank statement as on 31st march 2021 is $18000. Balance as per the cash book is $1,3650. i) Outstanding Checks on the 30th march: PK Ltd: \$3000, JB LTD: $2000 ii)NFS cheek: $1250 iii) Safety deposit box charge was $200 iv) Notes collected $1000 and interest earned $50 and bank charges are $15 v) Checks deposits in transit $1235 a) Prepare the bank reconciliation as at 31st march 2021. (6 marks) b) Prepare the journal entries for NFS Check and Notes Collected. (4 marks) 1) 10 marks i) Depreciation expenses and accumulated depreciation was $1900 ii) the company used up $16,750 worth of supplies iii)Rent of $18000 was for this accounting period iv) Interest payable of $250 was not in the trial balance. a) Prepare the adjusted trial balance (4 marks) b) Prepare the Income statement (multi-step) (6 marks) 2) 10 marks Balance as per bank statement as on 31st march 2021 is $18000. Balance as per the cash book is $1,3650. i) Outstanding Checks on the 30th march: PK Ltd: \$3000, JB LTD: $2000 ii)NFS cheek: $1250 iii) Safety deposit box charge was $200 iv) Notes collected $1000 and interest earned $50 and bank charges are $15 v) Checks deposits in transit $1235 a) Prepare the bank reconciliation as at 31st march 2021. (6 marks) b) Prepare the journal entries for NFS Check and Notes Collected. (4 marks)

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

Cost And Management Accounting Theory And Revision Kit For CA Intermediate

Authors: CA Rajeev Ramanath H

1st Edition

1684666651, 978-1684666652

More Books

Students also viewed these Accounting questions

Question

What is focal length? Explain with a diagram and give an example.

Answered: 1 week ago

Question

What is physics and how does it apply in daily life?

Answered: 1 week ago

Question

What is the relation of physical mathematics with examples?

Answered: 1 week ago