net profit and financial position

TUTORIAL TRIAL BALANCE QUESTION 1 From the following trial balance of A Dolphin, you are asked to draw up a Financial Statement for the year ended 31 December 20X3 RM Sales Purchases Carriage inwards Carriage outwards Wages Insurance Returns inwards Returns outwards Drawings Premises Equipment Accounts Receivable Accounts Payable Bank Cash in hand Sundries Stock as at 1 January 20X3 Rent Rates Capital DI CH RM 108,000 82,190 555 490 9,255 542 180 212 4,600 34,000 8,600 4,850 3,433 3,250 123 500 7,950 1,200 860 47,500 159,145 159.145 Stock as at 31 December 20X3 RM8,990 QUESTION 2 TUTORIAL TRIAL BALANCE From the following trial balance of G Elliot, you are asked to draw up Financial Statement for the year ended 31 December 2007. Dr Cr RM RM Sales 28,545 Purchases 16,440 Stock as at 1 January 2007 4,330 Carriage inwards 105 Carriage outwards 176 Returns inwards 235 Returns outwards 169 Wages 4,750 Insurance 320 Advertising 205 Motor expenses 96 Capital 28,991 Drawings 1,160 Premises 15,600 Equipment 3,340 Vehicles 7,850 Accounts Receivable 3,265 Accounts Payable 2,876 Bank 1,560 Cash in hand 745 Sundries 404 60,581 60,581 Stock at the close of business was valued at RM5,690 QUESTION 3 From the following trial balance of C Roddy, after her first year's trading, you are asked to draw up a trading and profit and loss account for the year ended 30 June 20X4. TUTORIAL TRIAL BALANCE Dr Cr 11,3321 98,7771 68,744 6,019 5,645 6,554 Sales Purchases Capital Debtors Creditors Bank Cash in hand Premises Fixtures and fittings Equipment Advertising Wages Drawings Sundries Rent Insurance 443 50,000 10,000 12,500 894 6,555 5,444 577 1,855 1,200 194,264 194,264 Closing stock at the end of the year was valued at 9,887 QUESTION 4 From the following trial balance of N Briggs, after his first year's trading, you are asked to draw up a trading and profit and loss account for the year ended 31 December 2007. Dr Cr 17,665 12,332 55,000 4,353 3,477 Sales Purchases Capital Debtors Creditors Bank Cash in hand Premises Equipment Vehicles Wages Motor expenses Drawings Rent Insurance 2,10 90 35,000 7,450 8,700 1,900 461 2,500 500 755 76142 76142 Closing stock as at 31 December 2007 8,997 QUESTION 5 From the following trial balance of C Brunt, after his first year's trading, you are asked to draw up a trading and profit and loss account for the year ended 31 December 20x2. 8,443 5,765 Sales Purchases Capital Bank Advertising 8,000 890 423 TUTORIAL TRIAL BALANCE Fixtures Motor expenses Salaries Motor vehicles Debtors Creditors Drawings 2,000 534 2,321 3500 1,223 713 500 17.156 17.156 Closing stock as at 31 December 20x2 was 868 QUESTION 6 From the following trial balance of L Bullen, after his first year's trading, you are asked to draw up a trading and profit and loss account for the year ended 31 December 20X5. 71,313 52,414 17,500 Sales Purchases Capital Bank Wages Equipment General expenses Insurance Motor vehicles Debtors Creditors Drawings 2,312 7,545 11,500 3,443 898 6,500 5,201 3,767 2,767 92,580 92,580 Closing stock as at 31 December 20X5 was 2,535