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data of q1 given...need quick sol for upvote O Show Timer Section B-Question 2 0124 Complete a trial balance for the accounts in Question 1
data of q1 given...need quick sol for upvote
O Show Timer Section B-Question 2 0124 Complete a trial balance for the accounts in Question 1 at the end of December 2019 Leate accounts to end column. You may not need to use all the gaps shown in the table. Transactions shown below for reference Dec/01 Owner of the company started the business by putting 60 000 into the bank Dec/02 Bought laptops for 15 000 on credit from PC Supplies Ltd Dec/03 Bought materials from Whittard Ltd for 50 000 paying by cheque Dec/12 Paid PC Supplies Ltd the money owed to them by cheque Dec/16 Using funds in the bank, bought office equipment for 8 000 Dec/25 Sold goods for 40 000 and received the money into the bank Dec/26 Sold goods to Target Ltd worth 10 000 on credit Dec/28 Bought materials worth 20 000 using a bank loan Trial Balance Dr Cr 42 Name of account Elliot Ltd Howard Ltd Sales revenue Operating profit Net profit El 90,000 25,000 18,000 98,000 40,000 28.000 Cash Inventory Trade receivables Current liabilities Non-current liabilities Issued share capital and reserves 5,000 12,000 4,000 18,000 12,000 53,000 5,000 11,000 8,000 30,000 18.000 82.000Step by Step Solution
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