Question
EEv Ev NAME: 1. 2 T ARECEDE. AaBbCcDdEe AaBbCcDdEe AaBbC Heading 1 Normal No Spacing Headin ACCOUNTING TEST-DEPRECIATION TOTAL MARKS: 130 Study the following
EEv Ev NAME: 1. 2 T ARECEDE. AaBbCcDdEe AaBbCcDdEe AaBbC Heading 1 Normal No Spacing Headin ACCOUNTING TEST-DEPRECIATION TOTAL MARKS: 130 Study the following information and complete the information for The Tobacco Shop, owned by Bob. The Tobacco Shop Trial balance for period ended 30 June 2020 Account Insurance Debit Credit 41000 Investment 11600 Cash 2000 Capital 325000 Delivery inwards 4000 Furniture 52320 Accumulated Depreciation on Furniture 8720 Purchases 596000 Returns inwards 12000 Sales 848600 Creditors control 95200 Debtors control 52800 Allowance for Doubtful Debts 1000 Commission 5200 Rent T 48000 Drawings 77000 Prepaid Office Salaries 40400 Interest 6000 Bad debts 5000 Electricity 2600 Loan: Due March 2021 100000 Plant 30000 Inventories 254800 Vehicle 136200 Accumulated depreciation on vehicles 20000 Wages: Store person 128000 1460720 1460720 MacBook Air Focus
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started