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Jolly Rancher Trial Balance as at 31 December 2015 Issued Ordinary Share Capital 200.000 Land & buildings 270,000 Machinery 84.000 Sales Revenue 220,110 Purchases
Jolly Rancher Trial Balance as at 31 December 2015 Issued Ordinary Share Capital 200.000 Land & buildings 270,000 Machinery 84.000 Sales Revenue 220,110 Purchases 121333 Inventory as at 1 Jan 2015 Wages & Salaries 37,327 Administration & Distribution 9,997 Directors Renumeration 12,000 Trade Receivables 19,824 Trade Payables 16.465 Cash & Gash Equivalents Provision for Depreciation. Land & buildings Machinery General Reserves Share Premium Account Revaluation Reserve Retain Earnings 20,000 30,000 60,000 604 609 1 Inventory as at 31 Dec 2015, $25,435 Depreciation is to be providcd, Land & Bulding on Cost 18 and Machinery 10% using the reducing balance method 4 ander to the general reserve of $5,000 Requirements: Crow up the Statement of Trading & Proht or loss, Statement of Changes in Louity & the Statement of Financial Postion using the information above
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