Question
CAT Tom drew up the following trial balance as at 30 September 2002. You are to draft an income statement for the year to end
CAT
Tom drew up the following trial balance as at 30 September 2002. You are to draft an income statement for the year to end 30 September 2020 and a balance sheet as at that date.
| Dr | Cr | ||
Capital Drawings Cash at bank Cash in hand Debtors Creditors Stock 30 September 2019 Motor van Office equipment Sales Purchases Returns inwards Carriage inwards Returns outwards Carriage outwards Motor expenses Rent Telephone charges Wages and salaries Insurance Office expenses Sundry expenses Totals
| Shs.
842,000 311,500 29,500 1,230,000
2,391,000 410,000 625,000
9,210,000 55,000 21,500
30,900 163,000 297,000 40,500 1,281,000 49,200 137,700 28,400 17,153,200
| Shs. 3,095,500
937,000
13,090,000
30,700
17,153,200
|
| |
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