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its two pages with continuation. thank you The trial balance of Toyz, a limited liability company, at 31 May 2023 was as follows: i. Closing
its two pages with continuation. thank you
The trial balance of Toyz, a limited liability company, at 31 May 2023 was as follows: i. Closing inventory has been counted and is valued at $560,000. ii. There are wages and salaries to be paid of $42,000. iii. Loan note interest has not been paid during the year. iv. The allowance for doubtful debts is to be increased to $40,000 (100\% Admin Cost) v. Plant is depreciated at 25% per annum using the reducing balance method. The entire charge is to be allocated to cost of sales. vi. Buildings are depreciated at 5% per annum on their original cost, allocated 25% to cost of sales, 50% to distribution costs and 25% to administrative expenses. The trial balance of Toyz, a limited liability company, at 31 May 2023 was as follows: Auununa munnanun as an 21 visy zucs. i. Closing inventory has been counted and is valued at $560,000. ii. There are wages and salaries to be paid of $42,000. iii. Loan note interest has not been paid during the year. iv. The allowance for doubtful debts is to be increased to $40,000 (100\% Admin Cost) v. Plant is depreciated at 25% per annum using the reducing balance method. The entire charge is to be allocated to cost of sales. vi. Buildings are depreciated at 5% per annum on their original cost, allocated 25% to cost of sales, 50% to distribution costs and 25% to administrative expenses Step by Step Solution
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